Silver age comics that are heating up 26 26

[Bluemedgroup]

3 hours ago, Math Teacher said:

Here's what I don't understand. I assume that all these rich people have accountants. Surely, at least one accountant has mentioned that you have to pay 28% on the profit from the sale of a collectible. How are these rich people going to feel when they try to sell their X-Men #1 for twice what they paid for, and then find out they have to give almost a third of it to the government?

So let's say someone invested $78,000 to purchase an X-Men #1 CGC 9.0. Even though I find this hard to believe, let's say the price doubles within a year. So, their profit from the sale of this books would be $56,160 rather than $78,000. This is still a large amount of money, but some of these rich people are going to be disappointed because their return on investment isn't as high as they expected.

They would be better off investing in stocks or index funds, because they only have to pay 15% on the profits. More likely 20%, for if you have more than $469,051 in income, your capital gains tax increases from 15% to 20%. Granted, the stock market is not going to double within a year, but it's still food for thought....

And I'm not sure if you can avoid this tax by purchasing another collectible with the money. My guess is probably not.

Not all collectible sales are reported to the IRS, according to a friend. 
 

 

[Math Teacher]

3 hours ago, PKJ said:

I imagine, not all collectible sales are reported.

Of this, I have no doubt. But rich people tend to like to keep as much money as they can. I would think that an accountant might say, "You know, it's not worth the chance of getting audited so that you can make $78,000 profit instead $56,160. $56,160 still gives you a ROI of 72%. You are certainly not going to get that type of return on any other type of stable investment. Let's just be happy with what you earned." Or, "I don't feel comfortable about not declaring all your income. If that is what you want, I'm not the accountant for you." In my opinion, examples of investment that are not stable would be Gamestop stock or digital currencies.

I understand that rich people pay accountants to find ways to lessen their tax burden. If I were a rich person, I would not be happy if I was audited, and then the IRS found that I had significant undeclared income from selling comic books. Not only would I have to pay the 28% tax, I would also have to pay fines and interest. If my accountant allowed that to happen, I would be looking for a new accountant PDQ.

Yes, it's important to diversify. However, even with the sudden drastic increases in prices of comic books, the ROI from Bitcoin is far greater than the ROI from SA Marvel keys.

 

I follow a simple rule. If there is ANY record of the transaction, I report it. Ebay, PayPal, Zelle, cashier's check, money order, what have you. I have done a few face-to-face deals and have been paid in cash, but, more often, I'm the buyer, not the seller, in this type of transaction.

Edited March 26, 2021 by Math Teacher

[da.amazing.spiderman]

Spec. Alert : Possibly the Most Undervalued and Unknown "Major Key" Fantastic Four / X-Men Comic

 

Gang:

 

I think it's fair to say that the (2) most eagerly anticipated MCU intellectual property that Disney will be debuting on the big screen in the next few years will be the Fantastic Four and the X-Men franchise. 

 

Needless to say, Disney didn't spend over 70 billion dollars to acquire the movie rights of these (2) entities from 21st Century Fox just to have them sit on the shelf and collect dust.  

 

I also think it's fair to say that there has been massive...massive...massive...speculation on virtually every major and minor Fantastic Four and X-Men characters and thus has caused the price of most "1st Appearance" books to go ballistic.  In other words, it's very difficult to find any bargains on "Key" Fantastic Four or X-Men books in the market at this time.

 

I'm sure we've all made our "bets" at the Ebay casino and have accumulated a stash of raw and graded Fantastic Four and X-Men comics that we believe will continue to appreciate during this comic bull market.

 

Now, before I go any further let me disclose that I've been speculating aggressively on this one particular comic.  For some time now, I've been stalking all decent mid and high grade copies of this item from Ebay and other websites.  Truthfully, I think this puppy will be a "home run" for daddy.

 

Okay, enough small talk. 

 

It is my opinion that the single most undervalued and unknown "Major Key" Fantastic Four or X-Men book is...Fantastic Four #28.  This oversight by the comic collecting community on this bad boy is absolutely due to the misleading CGC descriptive label.

 

The current CGC descriptive label for Fantastic Four #28 states..."Early X-Men appearance.  Puppet Master, Awesome Android, and Mad Thinker appearance"

 

Go search the web and do your own investigative homework on Fantastic Four #28.  This CGC descriptive label for Fantastic Four #28 when CORRECTED / UPDATED / REVISED by CGC will someday in the future state..."1st Meeting Between the Fantastic Four and the X-Men"

 

Yes, this book is the 1st Meeting Between the Fantastic Four and the X-Men!!! 

 

Come on Now...How can anyone that's a comic connoisseur NOT want to own a copy of the 1st Meeting Between the Fantastic Four and the X-Men???   At its current selling price on Ebay, this puppy is undervalued and has "POTENTIAL" written all over the book

 

Still not sold???  Then consider the following other positive attributes for this book...

 

1)  FF #28 has an AWESOME Kirby battle cover featuring ALL of the team members (minus Professor X) from both the FF and X-Men.  Without question, 1st appearance books are more desired / coveted by the comic collecting community when the character(s) are prominently featured on the cover.

 

2)  FF #28 was released in July 1964.  This is the same month that X-Men #6 was printed.  Early "Key" Silver Age books published pre-1965 are highly desired / coveted by the comic collecting community due to their rarity and the fact that no one took care (bagged and boarded) comics back in the 1960's.

 

3)  The Avengers are old news.  The "#1 Draft" right now at Disney are the FF and the X-Men.  Disney is laser focused on bringing the FF and X-Men to the big screen.  Disney knows how to make money and these two Marvel franchises will someday be prominently featured together for us to enjoy at the movie theaters. 

 

4)  FF #28 is undervalued when stacked against other similar books.  Just go to Ebay and do a price comparison of FF #28 against X-Men #9 (1st Meeting Between the X-men and the Avengers ; Published January 1965 ; Released 6 Months AFTER FF #28).  You'll note that in most grades, FF #28 has been selling for approximately HALF the price that X-Men #9 has been commanding.  Why???  Because most collectors have absolutely no knowledge of the huge significance of this book.  FF #28 has been falsely stigmatized with an incorrect / misleading descriptive label since the inception of CGC.  Yes, the prices have been creeping up, but FF #28 has not even come close to going vertical.

 

5)  FF #28 is a book that's 57 years old.  You're not going to find any dealer with a "warehouse find" of this book in high grade or near mint condition. 

 

6)  Once the "Truth" with regards to FF #28 is known in the comic collecting community, watch as the demand / supply equation becomes radically skewed and the laws of Economics 101 plays havoc with the price of this book. .

 

In summary, you might want to consider locating yourself a nice copy of FF #28 for your personal collection before more peeps realize that this book is a "Major Key" and is the 1st Meeting Between the Fantastic Four and the X-Men.

 

Nuff said!!!

[*Bronze age fan*]

19 minutes ago, da.amazing.spiderman said:

Spec. Alert : Possibly the Most Undervalued and Unknown "Major Key" Fantastic Four / X-Men Comic

 

Gang:

 

I think it's fair to say that the (2) most eagerly anticipated MCU intellectual property that Disney will be debuting on the big screen in the next few years will be the Fantastic Four and the X-Men franchise. 

 

Needless to say, Disney didn't spend over 70 billion dollars to acquire the movie rights of these (2) entities from 21st Century Fox just to have them sit on the shelf and collect dust.  

 

I also think it's fair to say that there has been massive...massive...massive...speculation on virtually every major and minor Fantastic Four and X-Men characters and thus has caused the price of most "1st Appearance" books to go ballistic.  In other words, it's very difficult to find any bargains on "Key" Fantastic Four or X-Men books in the market at this time.

 

I'm sure we've all made our "bets" at the Ebay casino and have accumulated a stash of raw and graded Fantastic Four and X-Men comics that we believe will continue to appreciate during this comic bull market.

 

Now, before I go any further let me disclose that I've been speculating aggressively on this one particular comic.  For some time now, I've been stalking all decent mid and high grade copies of this item from Ebay and other websites.  Truthfully, I think this puppy will be a "home run" for daddy.

 

Okay, enough small talk. 

 

It is my opinion that the single most undervalued and unknown "Major Key" Fantastic Four or X-Men book is...Fantastic Four #28.  This oversight by the comic collecting community on this bad boy is absolutely due to the misleading CGC descriptive label.

 

The current CGC descriptive label for Fantastic Four #28 states..."Early X-Men appearance.  Puppet Master, Awesome Android, and Mad Thinker appearance"

 

Go search the web and do your own investigative homework on Fantastic Four #28.  This CGC descriptive label for Fantastic Four #28 when CORRECTED / UPDATED / REVISED by CGC will someday in the future state..."1st Meeting Between the Fantastic Four and the X-Men"

 

Yes, this book is the 1st Meeting Between the Fantastic Four and the X-Men!!! 

 

Come on Now...How can anyone that's a comic connoisseur NOT want to own a copy of the 1st Meeting Between the Fantastic Four and the X-Men???   At its current selling price on Ebay, this puppy is undervalued and has "POTENTIAL" written all over the book

 

Still not sold???  Then consider the following other positive attributes for this book...

 

1)  FF #28 has an AWESOME Kirby battle cover featuring ALL of the team members (minus Professor X) from both the FF and X-Men.  Without question, 1st appearance books are more desired / coveted by the comic collecting community when the character(s) are prominently featured on the cover.

 

2)  FF #28 was released in July 1964.  This is the same month that X-Men #6 was printed.  Early "Key" Silver Age books published pre-1965 are highly desired / coveted by the comic collecting community due to their rarity and the fact that no one took care (bagged and boarded) comics back in the 1960's.

 

3)  The Avengers are old news.  The "#1 Draft" right now at Disney are the FF and the X-Men.  Disney is laser focused on bringing the FF and X-Men to the big screen.  Disney knows how to make money and these two Marvel franchises will someday be prominently featured together for us to enjoy at the movie theaters. 

 

4)  FF #28 is undervalued when stacked against other similar books.  Just go to Ebay and do a price comparison of FF #28 against X-Men #9 (1st Meeting Between the X-men and the Avengers ; Published January 1965 ; Released 6 Months AFTER FF #28).  You'll note that in most grades, FF #28 has been selling for approximately HALF the price that X-Men #9 has been commanding.  Why???  Because most collectors have absolutely no knowledge of the huge significance of this book.  FF #28 has been falsely stigmatized with an incorrect / misleading descriptive label since the inception of CGC.  Yes, the prices have been creeping up, but FF #28 has not even come close to going vertical.

 

5)  FF #28 is a book that's 57 years old.  You're not going to find any dealer with a "warehouse find" of this book in high grade or near mint condition. 

 

6)  Once the "Truth" with regards to FF #28 is known in the comic collecting community, watch as the demand / supply equation becomes radically skewed and the laws of Economics 101 plays havoc with the price of this book. .

 

In summary, you might want to consider locating yourself a nice copy of FF #28 for your personal collection before more peeps realize that this book is a "Major Key" and is the 1st Meeting Between the Fantastic Four and the X-Men.

 

Nuff said!!!

I guess you have 100 FF #28s? 😂

[*Bronze age fan*]

What the HELL is going on in the back issue market??? This is insane!!! Makes no sense. 

[silverseeker]

1 hour ago, da.amazing.spiderman said:

Spec. Alert : Possibly the Most Undervalued and Unknown "Major Key" Fantastic Four / X-Men Comic

 

Gang:

 

I think it's fair to say that the (2) most eagerly anticipated MCU intellectual property that Disney will be debuting on the big screen in the next few years will be the Fantastic Four and the X-Men franchise. 

 

Needless to say, Disney didn't spend over 70 billion dollars to acquire the movie rights of these (2) entities from 21st Century Fox just to have them sit on the shelf and collect dust.  

 

I also think it's fair to say that there has been massive...massive...massive...speculation on virtually every major and minor Fantastic Four and X-Men characters and thus has caused the price of most "1st Appearance" books to go ballistic.  In other words, it's very difficult to find any bargains on "Key" Fantastic Four or X-Men books in the market at this time.

 

I'm sure we've all made our "bets" at the Ebay casino and have accumulated a stash of raw and graded Fantastic Four and X-Men comics that we believe will continue to appreciate during this comic bull market.

 

Now, before I go any further let me disclose that I've been speculating aggressively on this one particular comic.  For some time now, I've been stalking all decent mid and high grade copies of this item from Ebay and other websites.  Truthfully, I think this puppy will be a "home run" for daddy.

 

Okay, enough small talk. 

 

It is my opinion that the single most undervalued and unknown "Major Key" Fantastic Four or X-Men book is...Fantastic Four #28.  This oversight by the comic collecting community on this bad boy is absolutely due to the misleading CGC descriptive label.

 

The current CGC descriptive label for Fantastic Four #28 states..."Early X-Men appearance.  Puppet Master, Awesome Android, and Mad Thinker appearance"

 

Go search the web and do your own investigative homework on Fantastic Four #28.  This CGC descriptive label for Fantastic Four #28 when CORRECTED / UPDATED / REVISED by CGC will someday in the future state..."1st Meeting Between the Fantastic Four and the X-Men"

 

Yes, this book is the 1st Meeting Between the Fantastic Four and the X-Men!!! 

 

Come on Now...How can anyone that's a comic connoisseur NOT want to own a copy of the 1st Meeting Between the Fantastic Four and the X-Men???   At its current selling price on Ebay, this puppy is undervalued and has "POTENTIAL" written all over the book

 

Still not sold???  Then consider the following other positive attributes for this book...

 

1)  FF #28 has an AWESOME Kirby battle cover featuring ALL of the team members (minus Professor X) from both the FF and X-Men.  Without question, 1st appearance books are more desired / coveted by the comic collecting community when the character(s) are prominently featured on the cover.

 

2)  FF #28 was released in July 1964.  This is the same month that X-Men #6 was printed.  Early "Key" Silver Age books published pre-1965 are highly desired / coveted by the comic collecting community due to their rarity and the fact that no one took care (bagged and boarded) comics back in the 1960's.

 

3)  The Avengers are old news.  The "#1 Draft" right now at Disney are the FF and the X-Men.  Disney is laser focused on bringing the FF and X-Men to the big screen.  Disney knows how to make money and these two Marvel franchises will someday be prominently featured together for us to enjoy at the movie theaters. 

 

4)  FF #28 is undervalued when stacked against other similar books.  Just go to Ebay and do a price comparison of FF #28 against X-Men #9 (1st Meeting Between the X-men and the Avengers ; Published January 1965 ; Released 6 Months AFTER FF #28).  You'll note that in most grades, FF #28 has been selling for approximately HALF the price that X-Men #9 has been commanding.  Why???  Because most collectors have absolutely no knowledge of the huge significance of this book.  FF #28 has been falsely stigmatized with an incorrect / misleading descriptive label since the inception of CGC.  Yes, the prices have been creeping up, but FF #28 has not even come close to going vertical.

 

5)  FF #28 is a book that's 57 years old.  You're not going to find any dealer with a "warehouse find" of this book in high grade or near mint condition. 

 

6)  Once the "Truth" with regards to FF #28 is known in the comic collecting community, watch as the demand / supply equation becomes radically skewed and the laws of Economics 101 plays havoc with the price of this book. .

 

In summary, you might want to consider locating yourself a nice copy of FF #28 for your personal collection before more peeps realize that this book is a "Major Key" and is the 1st Meeting Between the Fantastic Four and the X-Men.

 

Nuff said!!!

I can definitely see FF #28 popping based on how much X-Men #9 has blown up recently...makes me wonder if the “new money” coming into X-Men books is primarily focused on the main series and not the crossovers?

Edited March 30, 2021 by silverseeker
Minor tweak.

[KirbyJack]

9 hours ago, *Bronze age fan* said:

What the HELL is going on in the back issue market??? This is insane!!! Makes no sense. 

Frankie! Good to hear from you!

Yeah, it's preposterous. Too bad you don't already own any Marvels, bro. 

[bpc3qh]

On 3/25/2021 at 9:06 PM, Math Teacher said:

I follow a simple rule. If there is ANY record of the transaction, I report it. Ebay, PayPal, Zelle, cashier's check, money order, what have you. I have done a few face-to-face deals and have been paid in cash, but, more often, I'm the buyer, not the seller, in this type of transaction.

I was always under the impression that cash deals, basically, don't need to be reported in this way (I've never really followed-up, since I don't have reporting level money and, like you, I'm always a buyer). So I suppose such an investor could take their 9.0 XM 1 to a con, and sell in cash, but that's somewhat unlikely, isn't it (and maybe you still need to report a $150k sale, even if it's cash, or the dealer would need to report it)?

I dunno. I don't buy for investment--my idea of "investment" is being willing to part with my $100 book when it suddenly becomes $300 book.

[skypinkblu]

Am I missing something? I think I sold one of these for maybe  $40 a few years ago and it was not restored.  https://www.ebay.com/itm/Black-Knight-1-1955-Atlas-Stan-Lee-CGC-5-5-R-CGC-Census-78-Movie-11-5-2021/164782226509?hash=item265dc93c4d:g:cGYAAOSwKX1gR9ke

[Northwest]

37 minutes ago, skypinkblu said:

Am I missing something? I think I sold one of these for maybe  $40 a few years ago and it was not restored.  

The Black Knight is supposed to make an appearance in the Eternals movie (played by  Kit Harrington of Game of Thrones fame.)

[OuterboroGuy]

1 hour ago, bpc3qh said:

I was always under the impression that cash deals, basically, don't need to be reported in this way (I've never really followed-up, since I don't have reporting level money and, like you, I'm always a buyer). So I suppose such an investor could take their 9.0 XM 1 to a con, and sell in cash, but that's somewhat unlikely, isn't it (and maybe you still need to report a $150k sale, even if it's cash, or the dealer would need to report it)?

I dunno. I don't buy for investment--my idea of "investment" is being willing to part with my $100 book when it suddenly becomes $300 book.

You are generally obligated to report all income, from whatever source, to the IRS and your state taxing authority.  There are some de minimis exceptions.  Now, whether or now the IRS will be aware of your transactions is another question.  That gets into 1099 reporting, etc.  But if you are audited, and you sold $100,000 worth of comic books (or $10,000), you'd better be prepared to show that not all of it was gains, otherwise it will just be assumed to be income from dollar one. 

Worst case example:  You purchase an Avengers #1 for $5,000 cash.  No record of your purchase.  You sell that same book for $6,000 a year later, and its shows up in your bank account.  Unless you can show via contemporaneous records that your cost basis was $5,000, the IRS is going to assume that $6,000 was income.  So assuming top combined fed/state marginal rate of 45%, you could be liable for income tax equal to 45% of $6,000, rather than 45% of $1,000.

Edited March 30, 2021 by OuterboroGuy
typo

[Callaway29]

17 minutes ago, Northwest said:

The Black Knight is supposed to make an appearance in the Eternals movie (played by  Kit Harrington of Game of Thrones fame.)

What’s interesting is that I don’t believe it’s even supposed to be 

 

5 minutes ago, OuterboroGuy said:

You are generally obligated to report all income, from whatever source, to the IRS and your state taxing authority.  There are some de minimis exceptions.  Now, whether or now the IRS will be aware of your transactions is another question.  That gets into 1099 reporting, etc.  But if you are audited, and you sold $100,000 worth of comic books (or $10,000), you'd better be prepared to show that not all of it was gains, otherwise it will just be assumed to be income from dollar one. 

Worst case example:  You purchase an Avengers #1 for $5,000 cash.  No record of your purchase.  You sell that same book for $6,000 a year later, and its shows up in your bank account.  Unless you can show via contemporaneous records that your cost basis was $5,000, the IRS is going to assume that $6,000 was income.  So assuming top combined fed/state marginal rate of 45%, you could be liable for income tax equal to 45% of $6,000, rather than 45% of $1,000.

Plus fines, right? I thought penalties were levied as well...

[skypinkblu]

1 hour ago, Northwest said:

The Black Knight is supposed to make an appearance in the Eternals movie (played by  Kit Harrington of Game of Thrones fame.)

So that equals a restored 5.5 being worth $2100?  I mean Kit Harrington was cute in GOT, but not THAT cute;)

[bpc3qh]

1 hour ago, OuterboroGuy said:

You are generally obligated to report all income, from whatever source, to the IRS and your state taxing authority.  There are some de minimis exceptions.  Now, whether or now the IRS will be aware of your transactions is another question.  That gets into 1099 reporting, etc.  But if you are audited, and you sold $100,000 worth of comic books (or $10,000), you'd better be prepared to show that not all of it was gains, otherwise it will just be assumed to be income from dollar one. 

Worst case example:  You purchase an Avengers #1 for $5,000 cash.  No record of your purchase.  You sell that same book for $6,000 a year later, and its shows up in your bank account.  Unless you can show via contemporaneous records that your cost basis was $5,000, the IRS is going to assume that $6,000 was income.  So assuming top combined fed/state marginal rate of 45%, you could be liable for income tax equal to 45% of $6,000, rather than 45% of $1,000.

Interesting. I suppose the chances of the IRS noticing go down significantly if you use cash, and just consistently keep the reserve of cash for buying future books (but you probably need to disclose anyway, as you point out). And this shows the necessity of keeping things like receipts, to show it's not all pure profit.

(This just makes me happy that I am not one who does any flipping.)

[KCOComics]

28 minutes ago, skypinkblu said:

So that equals a restored 5.5 being worth $2100?  I mean Kit Harrington was cute in GOT, but not THAT cute;)

It seems prices are going crazy all over the place! 

[Callaway29]

BK1 (atlas) has been a very expensive book for awhile now...

[*Bronze age fan*]

3 hours ago, skypinkblu said:

Am I missing something? I think I sold one of these for maybe  $40 a few years ago and it was not restored.  https://www.ebay.com/itm/Black-Knight-1-1955-Atlas-Stan-Lee-CGC-5-5-R-CGC-Census-78-Movie-11-5-2021/164782226509?hash=item265dc93c4d:g:cGYAAOSwKX1gR9ke

The last 5.0 universal sale was 5,100. 

[Dick Pontoon]

4 hours ago, skypinkblu said:

Am I missing something? I think I sold one of these for maybe  $40 a few years ago and it was not restored.  https://www.ebay.com/itm/Black-Knight-1-1955-Atlas-Stan-Lee-CGC-5-5-R-CGC-Census-78-Movie-11-5-2021/164782226509?hash=item265dc93c4d:g:cGYAAOSwKX1gR9ke

As has been mentioned, that book has been picking up steam for a while. I lamented the fact months ago when the subject came up, since it's a run I haven't finished and may not if prices don't return to earth. I'm glad you brought it up though. What I find really amazing is the the other Black Knight comic published by Toby has also recently seen a crazy increase.

https://www.ebay.com/itm/Black-Knight-1-CGC-4-0-1st-appearance-Black-Knight-1953-1955-Eternals-/143965293232?hash=item2185000ab0%3Ag%3As9MAAOSwga1gPZxb&nma=true&si=igpwi8hCfcIK%2FdZ7xY9iHMSGF3I%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

The same seller also recently sold a Voldemort 2.0 for even more. A Toby copy sold on the boards a few days ago for 2k.

Those prices for that book are 100% nuts. That's not even the same character as in the Atlas/Marvel books. Or publisher!

Edited March 30, 2021 by Dick Pontoon

[*Bronze age fan*]

52 minutes ago, Pontoon said:

As has been mentioned, that book has been picking up steam for a while. I lamented the fact months ago when the subject came up, since it's a run I haven't finished and may not if prices don't return to earth. I'm glad you brought it up though. What I find really amazing is the the other Black Knight comic published by Toby has also recently seen a crazy increase.

https://www.ebay.com/itm/Black-Knight-1-CGC-4-0-1st-appearance-Black-Knight-1953-1955-Eternals-/143965293232?hash=item2185000ab0%3Ag%3As9MAAOSwga1gPZxb&nma=true&si=igpwi8hCfcIK%2FdZ7xY9iHMSGF3I%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

The same seller also recently sold a Voldemort 2.0 for even more. A Toby copy sold on the boards a few days ago for 2k.

Those prices for that book are 100% nuts. That's not even the same character as in the Atlas/Marvel books. Or publisher!

People don’t know what they are even buying??? Clueless? Time to SELL!!! 

[Math Teacher]

First, shame on the buyer for implying that this book was related to the Marvel movie, The Eternals. And shame on the buyer for not doing his/her due diligence on researching the company of this book.