Ehnz Posted February 16 Share Posted February 16 I would like to submit my restored copy of Amazing fantasy 15, I've done the math and the highest fmv I can afford to use is 20k. My concern is if cgc determines i should have put 35k instead will i be charged the 4% on the 35k instead of the 20k? I checked the declared value policy on the website and it dorsnt sound like it but i just want to be sure..it is my baby after all lol. Link to comment Share on other sites More sharing options...
Administrator MattM CS Posted February 19 Administrator Share Posted February 19 Great question! @Ehnz In the case of Unlimited Value tier books, if the book is drastically undervalued, our graders will still bump the grading fee according to the FMV of the book. So in the scenario you mentioned, if this was the case, our graders would bump the pricing accordingly. I am sorry for any inconvenience this may cause. Link to comment Share on other sites More sharing options...
Ehnz Posted February 20 Author Share Posted February 20 @MattM CS Thank you for your answer: Am i missing something though as from reading the declared value here https://www.cgccomics.com/submit/declared-value-policy/#:~:text=Submitters to CGC are required,FMV) of the submitted collectible. However, due to the volatile nature of the collectible market and Internet auctions/sales as well as the differences in buying habits of different individuals, such information may not necessarily represent the accurate current Fair Market Value of any particular collectible, which again, will be determined by CGC in its sole reasonably exercised discretion. CGC reserves the right to use the declared value listed by the submitter on the CGC Submission Form as the current Fair Market Value, and in no event will CGC’s determination of current Fair Market Value exceed the declared value listed by the submitter on the CGC Submission Form. CGC’s determination of the current Fair Market Value will be absolute and binding on all parties. The part in bold is where i am getting confused. Link to comment Share on other sites More sharing options...
mephistopheles Posted February 27 Share Posted February 27 On 2/19/2024 at 10:08 PM, Ehnz said: @MattM CS Thank you for your answer: Am i missing something though as from reading the declared value here https://www.cgccomics.com/submit/declared-value-policy/#:~:text=Submitters to CGC are required,FMV) of the submitted collectible. However, due to the volatile nature of the collectible market and Internet auctions/sales as well as the differences in buying habits of different individuals, such information may not necessarily represent the accurate current Fair Market Value of any particular collectible, which again, will be determined by CGC in its sole reasonably exercised discretion. CGC reserves the right to use the declared value listed by the submitter on the CGC Submission Form as the current Fair Market Value, and in no event will CGC’s determination of current Fair Market Value exceed the declared value listed by the submitter on the CGC Submission Form. CGC’s determination of the current Fair Market Value will be absolute and binding on all parties. The part in bold is where i am getting confused. That does sound misleading since we know they can/do determine fmv above declared value and upcharge. Link to comment Share on other sites More sharing options...
WOLVERINE335 Posted February 28 Share Posted February 28 I suspect the part you put in bold only applies when it benefits CGC. For example, if you declare a book is worth 1,000 (but it's really worth 10,000) and a CGC employee uses it as toilet paper in a dire emergency (or a more likely scenario such as they spill coffee on it or something) then they will only reimburse you up to your declared value of 1,000 (ignoring the fact that it was really worth 10,000). But if it makes it to grading without any bathroom emergencies nor coffee mishaps... then you can bet CGC will NOT honor your stated value of 1,000 but will instead, in their sole discretion, declare the book is worth 10,000 and charge you accordingly. Whacked and MAR1979 1 1 Link to comment Share on other sites More sharing options...
DINGER033 Posted March 4 Share Posted March 4 So what do people use to determine the FMV? Is there a cetin guide or website that I can go to to find the FMV, other than looking at the sales on ebay? I have some high end books I want to send in but I cant determine what I should use for a FMV. I have looked at several sites such as Go Collect and Cover price. For example, Marvel Spotlight #5 on Cover Price the FMV for a 9.4 is $7,583 and on Go Collect it is $12,500. That is a $5,000 difference and @ 4% that can add up fast. Link to comment Share on other sites More sharing options...
