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Star Wars Comic No. 1 Hoard
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Started by ridge-migration,

257 posts in this topic

jcjames

jcjames

Posted
Posted
VERY good advice !

Thanks.

It might make for a good story to tell that I originally bought 500 of them.

Someone, and I dont remember now who it was, in the coin dealer community told me about the movie coming out in 1977 and said that there was a comic book coming out ahead of the movie and that I could probably double my money if if i bought them and sold them when the movie came out.

I ordered 500 through a comic book distributor, and i got a break on the price because of the qty. I paid 24 cents each.

I sold 100 a few weeks later at $3. each.then over the years, whenever a new S/W movie came out, I would sell a few issues. The last time I sold some about 6-8 yrs ago, I got around $13 to $17.

The I put the last hundred in safe storage. Then recently, hearing about the new movie, i decided to check out what that issue was doing on ebay. I think I saw one graded 9,7 sell for 2 grand. I crapped my pants and then went to dig them out of storage.

When I sent them to cgc, I opted for the 5 day express service on , what I considered the best 20 comics. CGC tells me they're shipping them to me on monday. The rest are in for 5-6 weeks.

Fortunately, I dont NEED to sell them. Maybe a few, then leave em in my will among my kids and grandkids.

I've had some good score in my coin business over the years, but this one is probably my best score. (if they grade out as high as i think they will)

 

You did very well! This is the kind of thing everyone here hopes for. (thumbs u

 

 

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Marty Mann

Marty Mann

Posted
Posted
I have 100 Star Wars No. 1 Comics

They're all at CGC at this time for slabbing.

Anyone have any advice or comments regarding the liquidation of this hoard ?

Obviously I'm looking to capitalize on the release of the new movie coming out in December. But I dont know how to go about it without overwhelming the market with one hundred issues in fresh mint condition. Or am I overthinking it and the marketplace is big enough to absorb all of them without effecting the prices ?

What do you guys think ?

 

When submitting this volume of books, how do you arrive at the Fair Market Value

for each one?

 

mm

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namisgr

namisgr

Posted
Posted
I have 100 Star Wars No. 1 Comics

They're all at CGC at this time for slabbing.

Anyone have any advice or comments regarding the liquidation of this hoard ?

Obviously I'm looking to capitalize on the release of the new movie coming out in December. But I dont know how to go about it without overwhelming the market with one hundred issues in fresh mint condition. Or am I overthinking it and the marketplace is big enough to absorb all of them without effecting the prices ?

What do you guys think ?

 

Didn't you consider this problem when amassing your 100 copies for later sale? :screwy:

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Bird

Bird

Posted
Posted

I bet you could sell a few here on this board in the sales forum and do it rather quickly. You may want to buy a month or more of GPA if you get a smattering of grades as well.

 

I myself would put a bunch on here at 10-20% off GPA, move 'em quickly. Offer 3-5 and then when they are almost gone add a few more. Rinse and repeat.

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Bird

Bird

Posted
Posted
I have 100 Star Wars No. 1 Comics

They're all at CGC at this time for slabbing.

Anyone have any advice or comments regarding the liquidation of this hoard ?

Obviously I'm looking to capitalize on the release of the new movie coming out in December. But I dont know how to go about it without overwhelming the market with one hundred issues in fresh mint condition. Or am I overthinking it and the marketplace is big enough to absorb all of them without effecting the prices ?

What do you guys think ?

 

Didn't you consider this problem when amassing your 100 copies for later sale? :screwy:

 

Well, it is amazing enough that he had the foresight to buy 500 copies before the movie came out. I do not think he could have also foreseen the rise of CGC, the easy availability of information on the internet such as print runs, CGC census,etc. Flooding the market in 1977 with 100 copies would have gone unnoticed by most everyone back then, or for most of the time since.

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jsilverjanet

jsilverjanet

Posted
Posted
The BA version of the book or the Modern version???

Did you even read the thread, Wally? :)

 

cut me a little slack, some people actually work on Fridays...

:P

Hey! I've been working since 7am! :)

 

 

giphy.gif

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Ditch Fahrenheit

Ditch Fahrenheit

Posted
Posted
I have 100 Star Wars No. 1 Comics

They're all at CGC at this time for slabbing.

Anyone have any advice or comments regarding the liquidation of this hoard ?

Obviously I'm looking to capitalize on the release of the new movie coming out in December. But I dont know how to go about it without overwhelming the market with one hundred issues in fresh mint condition. Or am I overthinking it and the marketplace is big enough to absorb all of them without effecting the prices ?

What do you guys think ?

 

 

 

 

What you should do is

 

1) NOT flood the census with high grade copies.

 

2) If you ignore #1, whatever you do, don't tell everyone that you are flooding the census with high grade copies.

 

3) Realize that you are entering the wonderful world of "diminishing returns". Whatever works for 1 copy or 5 copies becomes infinitely harder at 20 copies, exponentially harder for 50, and untenable at 100.

 

100 slabbed copies, if you actually want to maximize profits and not destroy the market, will take years to move. The only way to move faster is to spread them out...a couple copies on EBay....a couple to Heritage....a couple to MCS....a couple to CLink....and then travel to every single convention during convention season and sell a few each weekend.

 

Even then...unless you start giving them away at 1/2 GPA...you are looking at a very long term commitment.

 

No matter where you sell and how you sell don't let anyone (else) know how many you have. Nothing kills the deal on a collectible item faster than pulling one out of a case of 100 in front of a possible buyer.

 

Excellent advice.

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Jaydogrules

Jaydogrules

Posted
Posted
Would you mind sharing what you got for the 9.8 ?

 

I had one on eBay for a bit at $2000 or best offer for 30 days. This comic is very prone to manipulation. I only received a few offers, the high being $1200 or so although ones in auctions were as high as my buy it now option. Giving proof they were very manipulated. I have 100% feedback so it is not like mine was avoided for low feedback or negative feedback. I wound up selling them through direct sales locally for $1700 each.

 

The feedback here has been very wise. Trickle them out. It would have been wiser to trickle them onto the census but that's after the fact and I'm sure others have stock as you do. So it will rise greatly indeed but I suspect the sooner they are sold the better at this point.

 

Probably one of the most "manipulated" books on the market right now. :sorry:

 

-J.

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Gatsby77

Gatsby77

Posted
Posted

The advise here for trickling them out gradually over several venues is solid.

 

Also, I wouldn't worry about any negative repercussions of your 100 copies hitting the census all at once.

 

Every comic collector knows that this book (along with Peter Parker # 1) is as common as dirt and plentiful in high grade.

 

It still sells for increasingly absurd amounts and will continue to rise as the next six movies will simply increase the fan base for Star Wars memorabilia.

 

You're safe because ultimately Star Wars fans far outnumber comic book collectors.

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