Is an X-Men 1 CGC 3.5 a Smart Buy at $10k? 2 2

[Hey Kids, Comics!]

I have this being offered to me at $10k cash. I have the money available and it won’t hinder me financially but that doesn’t mean I want to be reckless. I know GPA shows the last sale at $15k but one ended on eBay 6/26 for $11,950. It was on GPA for a few days but has since been removed as I don’t think the sale went through. I don’t think it has been pressed, but also don’t know that getting one would really help. I’ve asked a few guys I trust but their opinions vary from “risky” to “Absolutely!”. Thoughts? 

[Artboy99]

curious why people said it was risky?

[Aarrow108]

Define "smart"? Honestly, it all depends on what you are trying to achieve by purchasing it/not purchasing it. Is this staying in your personal collection as a long-term hold, are you are looking at it as an investment to strictly make money off? For reference, I paid $10K for a 2.5 around this time last year.

Do I regret that purchase since prices are now sliding down? Nope.
Do I care that I could have gotten a 3.5 for the same price now? Nope.
Do I think you're getting a great deal considering what I paid? Yes.
Do I recommend purchasing the 3.5 copy above at $10K? Yes, because why not,

This is all relative. At the end of the day, I have a great looking copy of X-men 1. That's something I thought I'd never be able to say in my lifetime as a collector.

[Funnybooks]

DOIT

[Funnybooks]

If it’s a book you always wanted and have to cash on hand and no patience 

You’ll almost never be able to catch the bottom price

however, I think it will continue to slide lower  

[Hey Kids, Comics!]

Little more info : I have never owned a copy. This would be a medium-long term hold. 

[Lpgk]

yes no brainer. you're getting in cheap for a book that will undoubtedly heat up in 2 years time. worse case you could probably get your money back here on the boards

[MatterEaterLad]

Buy it. 

[KPR Comics]

100% no brainer.

Dark green box.

Decent reds.

No Marvel chip

Edited July 9, 2022 by KPR Comics

[silverseeker]

Seems like a good deal to me...I would be a bit worried about the C/OW pages potentially impacting a future resale though.

I'm not sure how many people avoid C/OW pages on big keys like this book, but it is something to consider...maybe some other folks can weigh in on this?

It presents very nicely for a 3.5!

[mattn792]

On 7/8/2022 at 6:58 PM, Hey Kids, Comics! said:

Little more info : I have never owned a copy. This would be a medium-long term hold. 

[B2D327]

If it won’t hinder you financially as you stated, it should really be an easy decision. Major key book that you can afford now may not be so easy to afford later. Unless your intention was a quick flip, I don’t see how this book would be a mistake long term 

[Terry JSA]

I would gladly hand over $10k in cash if someone offered me their CGC 3.5 X-Men #1 for that price.

Edited July 9, 2022 by Terry JSA

[THE_BEYONDER]

On 7/8/2022 at 9:09 PM, KPR Comics said:

100% no brainer.

 

Is it though?  I don’t think any significant purchase is a no brainer right now.   3.5s could be selling for 7k in a month from now.   Market is pretty uncertain at the moment.  Do I think X-Men 1 will eventually see another significant spike when they enter the MCU?  It’s a good bet that it will, and a medium/long term hold will allow the buyer to capitalize on that seemingly inevitable eventuality.   The question is how much the book will drop in the meantime.....

[mycomicshop]

Add me to the "it's a no brainer" camp.

Medium-long term hold like you said? It's a good price.

Super quick resale right now for an easy profit? It's a good price.

Shortish term hold til later this year? Nobody knows where prices will be in a few months but you say that's not your period anyway. I'm skeptical it would drop enough that you'd regret your purchase.

[Buzzetta]

No brainer... 

You even have the comic book dealer and auction house telling you it's a no brainer... 

 

 

[KCOComics]

I would do it.  

The market it falling right now, but no one can predict how much further it will go.

In a year from now this may look like a big discount.  

It's a pretty book with the darker green box and your getting it at a discount. I would go for it! 

[fast eddie]

Yup,,,,,,,,,,,,, I'd be in.

[Albert Thurgood]

Put it this way, it's much better value than the 2.5 copy I paid $12k for this time last year. As I have bragged before, my super-power is buying at the peak.

[alexgross.com]

@Hey Kids, Comics! i sold the book on feebay that was on gpa for a minute, then disappeared, which you mentioned. it's a long story, but there were no shenanigans. it sold for 11.6k privately. i'd say 10k is a good deal for this book, though mine had owwp which i do think are more desirable and my book also presented extremely well for the grade.