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Is this "orange" Devil Dinosaur #1 faded or color print error?
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Started by JohnCarter1912,

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JohnCarter1912

JohnCarter1912

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On 7/22/2022 at 2:07 PM, ExNihilo said:

Someone posted like a $10,000,000 eBay book once.  I think it was like a Stan Lee signed ASM300 or something like that.  That doesn't mean ASM300's are suddenly worth $10M.  At that price, the book isn't going anywhere, it's staying in the owners collection.  Like SweetTooth said, sold for price is the only one that matters

But buyers don't determine value of comic-book. Buyer may be willing to pay $1 for Superman #1... Superman #1 will not be sold for that price. Buyers don't determine value. Even if one person sold Superman #1 to a buyer for $1... would the value of Superman #1 be $1?

Even sold price of comic-book, may not be accurate value of comic-book. For instance, let's say Superman #1 burned up in fire and owner had insurance. Wouldn't insurance consult with value guide or specialist before cutting owner a check for loss? I don't think insurance would consult with even "sold prices."

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revat

revat

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On 7/22/2022 at 8:11 AM, JohnCarter1912 said:

But buyers don't determine value of comic-book. Buyer may be willing to pay $1 for Superman #1... Superman #1 will not be sold for that price. Buyers don't determine value.

Even sold price of comic-book, may not be accurate value of comic-book. For instance, let's say Superman #1 burned up in fire and owner had insurance. Wouldn't insurance consult with value guide or specialist before cutting owner a check for loss? I don't think insurance would consult with even "sold prices."

Yes.  If you’re saying different assets are valued through different criteria for different purposes, you … are right.  But how do you think any knowledgeable specialist would try to appraise the comic?  Do you think they care more about objective data points or the opinion of the owner? Or philosophical hypotheticals?

but it’s kind of hard to where you’re  going or why you’re reaching to overvalue this alleged error.

people have given their opinions in good faith, and for better or worse they almost certainly represent the majority of the informed market.  If your argument against them is capitalism doesn’t work then good luck with that argument.  

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JohnCarter1912

JohnCarter1912

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On 7/22/2022 at 2:34 PM, revat said:

Yes.  If you’re saying different assets are valued through different criteria for different purposes, you … are right.

 

That's what I'm saying.

For instance: check out this new topic I started on the value of Fantastic Four # 181

 

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KirbyTown

KirbyTown

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On 7/22/2022 at 1:11 PM, JohnCarter1912 said:

But buyers don't determine value of comic-book.

What. "Who" bought "what" and "when" is the only thing that determines meaningful dollar value, that's why comps are tracked for fair market value. If there are no transactions then nothing has been "valued". I think we're in trolling territory at this point?

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JohnCarter1912

JohnCarter1912

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On 7/22/2022 at 2:42 PM, KirbyTown said:

"Who" bought "what" and "when" is the only thing that determines meaningful dollar value"

This statement is untrue.

If no buyer sold a copy of Action Comics #1... that they first bought on the newsstand back in 1938... and they held it all this time... the meaningful dollar value would not be determined by 10 cents in 1938.

It would be determined by whatever price seller chose to sell at TODAY! And Buyers, if they wanted it, would have to make deal with Seller's price as benchmark... I thought this was common knowledge

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KirbyTown

KirbyTown

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On 7/22/2022 at 1:54 PM, JohnCarter1912 said:

It would be determined by whatever price seller chose to sell at TODAY!

Tears burn my eyes, though I know not of which kind.

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ExNihilo

ExNihilo

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On 7/22/2022 at 11:11 AM, JohnCarter1912 said:

But buyers don't determine value of comic-book. Buyer may be willing to pay $1 for Superman #1... Superman #1 will not be sold for that price. Buyers don't determine value. Even if one person sold Superman #1 to a buyer for $1... would the value of Superman #1 be $1?

Even sold price of comic-book, may not be accurate value of comic-book. For instance, let's say Superman #1 burned up in fire and owner had insurance. Wouldn't insurance consult with value guide or specialist before cutting owner a check for loss? I don't think insurance would consult with even "sold prices."

I recommend reading about Supply and Demand, and equilibrium points.  Econ 101.

On 7/22/2022 at 11:53 AM, SweetTooth said:

Dumbest thread evah lol

It's Friday after all.

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jokiing

jokiing

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On 7/22/2022 at 11:54 AM, JohnCarter1912 said:

This statement is untrue.

If no buyer sold a copy of Action Comics #1... that they first bought on the newsstand back in 1938... and they held it all this time... the meaningful dollar value would not be determined by 10 cents in 1938.

It would be determined by whatever price seller chose to sell at TODAY! And Buyers, if they wanted it, would have to make deal with Seller's price as benchmark... I thought this was common knowledge

10¢ in 1938 equals 3.5M in today's dollar

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Lazyboy

Lazyboy

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On 7/22/2022 at 1:54 PM, JohnCarter1912 said:

This statement is untrue.

If no buyer sold a copy of Action Comics #1... that they first bought on the newsstand back in 1938... and they held it all this time... the meaningful dollar value would not be determined by 10 cents in 1938.

It would be determined by whatever price seller chose to sell at TODAY! And Buyers, if they wanted it, would have to make deal with Seller's price as benchmark... I thought this was common knowledge

???

Are you actually mentally handicapped or are you just a troll? Serious question.

Oh, and are you related to Travaran?

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ExNihilo

ExNihilo

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On 7/22/2022 at 1:10 PM, Lazyboy said:

???

Are you actually mentally handicapped or are you just a troll? Serious question.

Oh, and are you related to Travaran?

I'm thinking troll because it's Friday and because I can't imagine someone lacking such a basic understanding of market economics.  Not in this hobby at least.

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KirbyTown

KirbyTown

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On 7/22/2022 at 3:19 PM, ExNihilo said:

I'm thinking troll because it's Friday and because I can't imagine someone lacking such a basic understanding of market economics.  Not in this hobby at least.

He's got that other one going too about counting Thing digits

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