What's the story with this Action Comics #1 reprint? 0

[Doohickamabob]

What's the story with this Action Comics #1 reprint?

So I was looking at this listing on eBay...  for an "action comics #1 (1938)." It was listed in the Golden Age section, just sitting there with a $150 starting bid. No other information, no mention of it being a reprint, etc. I thought for sure it was a scam, or that it would never sell. (The seller is a zero-feedback user who created his account March 12, 2017.)

Then the auction ended and there are two bids. Somebody paid $152.50 for the thing. (Apparently.)

So what is it? What Action Comics #1 reprint is worth $152.50? And why? I thought these reprints were worth a few bucks at most.

What's the rundown on all the Action Comics #1 reprints and what they're worth? If somebody posts something like this, are they trying to pull a scam or what?

 

Edited March 29, 2017 by Doohickamabob

[Dick Pontoon]

Clash of the Nincompoops?

[ygogolak]

Looks like the Loot Crate or whatever box version.

[Doohickamabob]

Here's another one:  Action #1 "Millennium Edition" auction with $500 starting bid ...

Again, how is this worth more than $5 or $10? I don't see it. And again, it's a zero-feedback seller. Who bids on this stuff?

 

[Philflound]

All Action #1 reprints seem to be selling for much higher money than guide, or than they should be.

[Ken Aldred]

On 30 March 2017 at 0:04 AM, Doohickamabob said:

Here's another one:  Action #1 "Millennium Edition" auction with $500 starting bid ...

Again, how is this worth more than $5 or $10? I don't see it. And again, it's a zero-feedback seller. Who bids on this stuff?

 

That doesn't look anything like my Millennium Edition copy.  

[stock_rotation]

On 3/29/2017 at 0:19 PM, Doohickamabob said:

What's the story with this Action Comics #1 reprint?

This looks like the 1998 USPS reprint with the outer cover torn off. Nope, Loot Crate.

Edited March 31, 2017 by stock_rotation
WRONG

[fastballspecial]

From memory there were 3 versions in the 90s that all sell for $15-30 in high grade.

The Millennium Copy I have sold for as high as $50 and sells now for around $30.

The Loot Crate Copy is worth around $10 currently or at least my LCS has one for $10.

 

[gozer]

Here's a useful guide to most of the reprints out there.  Hasn't been updated in a while.

http://www.bipcomics.com/showcase/fakes/

[Doohickamabob]

17 minutes ago, gozer said:

Here's a useful guide to most of the reprints out there.  Hasn't been updated in a while.

http://www.bipcomics.com/showcase/fakes/

Thanks. Seems like some pretty shady stuff going on with these reprints.

[Ken Aldred]

35 minutes ago, Doohickamabob said:

Thanks. Seems like some pretty shady stuff going on with these reprints.

At least something different to the common Famous First Edition scam for us to spot.

[Lazyboy]

2 hours ago, Doohickamabob said:

Thanks. Seems like some pretty shady stuff going on with these reprints.

A few people try to use them in scams ( no way! ), but most of them do sell well as what they really are. Otherwise, sure there are people asking ridiculous amounts for some copies, but that should be expected from anything on eBay.

As fastballspecial mentioned, the Millennium Edition (the actual one, not the improperly listed junk from some eBay clown(0) that was posted in this thread) sells very well and there is no way it could ever be used to scam anyone with an IQ higher than their shoe size.

Even the most recent reprint, properly described, sells pretty well.

6 hours ago, Philflound said:

All Action #1 reprints seem to be selling for much higher money than guide, or than they should be.

That first part is irrelevant because the OPG is a bad joke, but for how much "should" they be selling?

[Get Marwood & I]

21 minutes ago, Lazyboy said:

7 hours ago, Philflound said:

All Action #1 reprints seem to be selling for much higher money than guide, or than they should be.

That first part is irrelevant because the OPG is a bad joke, but for how much "should" they be selling?

 

Now I'm not a betting man, but something tells me that @Philflound may at this moment be thinking of a useful four letter word beginning with c and ending in t. Yes, that's it. Clot. 

[FlyingDonut]

16 hours ago, Philflound said:

All Action #1 reprints seem to be selling for much higher money than guide, or than they should be.

I have one for sale on eBay now, so DAMN GET IT GOING!

 

[Doohickamabob]

10 hours ago, Lazyboy said:

Even the most recent reprint, properly described, sells pretty well.

Thanks for that link; that's a good overview of the actual market value. Looks like most nicer raw copies are selling in the $20-$40 range, with a single CGC 9.6 going for a premium 3x above that. That's a long way off from the $500 some zero-feedbacker is trying to get for his raw copy...

Anyway it's an ongoing curiosity. I am wary of the 0-feedback sellers who keep dumping their raw copies with minimal info ("Action Comics #1 1938") in the hopes that somebody with bad eyesight and an overdeveloped sense of wishful thinking will get an itchy bidding finger.

[Philflound]

Yes, it seems that people are always trying to take advantage of the unknowledgeable instead of being honest with what they are representing. Trying to make the quick buck and as much of it as possible.

[Ken Aldred]

Sadly, when talking about Action 1, there are so many reprints to choose from now that scammers are spoiled for choice. 

[Senormac]

When you do an ebay search for Action #1 reprints, just set your preferences for Auction Only.... and you won't get all the loonys and their asking prices

Yea, you prob already knew that..... but someone out there may not