C-1 Restored Comic Book Grade 0

[Ahsoka Tano Jedi Apprentice]

let's say you got your C-1 Restored Purple Label back and your book was graded a 8.0.........is there  a standard drop in grade you could apply to try and determine the cash value of your book ?   So say like based on info. given you would drop like 3.0 in grade so your book would now be like a 5.0 ?

[Ahsoka Tano Jedi Apprentice]

If not what kind of drops in grade have u guy's seen before ?  Any information is greatly appreciated.....thanks

[The Lions Den]

Please bear in mind that CGC grades restored books as if the restoration wasn't there...which not only makes the book difficult to grade, it also makes it difficult to evaluate a fair market price. But if there is only slight amateur restoration, I see no reason why it wouldn't be valued for at least half of the unrestored price for the grade... 

[Tony S]

There is no rule you can follow on the value of restored books.  No math formula. 

A few guidelines that overall hold true...

Key books restored books bring a higher percentage of blue label value than do common books. If a book costs $200 in 9.4 blue label, no one is much interested in a 6.0 restored. The value is less than the cost of grading and encapsulation.  But a $20,0000 book is a different thing. 

There is a sort of inverse, linear scale to restoration and grade. Low grade restored books (keys that is) bring a higher percentage of the unrestored book value. But the higher the grade, the more that percent of value shrinks. By the time you get to NM and better grades, a restored copy might sell for 10% of unrestored in the same grade. The reason why is simple: What unrestored grade could a person purchase with the same amount of money? 

Let's take Amazing Fantasy 15. Eight years ago, an unrestored 9.6 sold for 1.1 Million dollars. Seven months ago, a restored 9.6 sold for $85,000. That works out to a restored 9.6 being worth about 8% of unrestored..  But at 2.0, the last unrestored copy recorded sold for $15,000, while a year earlier a restored 2.0 sold for $10,500. 

The logic here is overall price. You can still purchase a nice looking copy of AF 15 for $85,000.  If there was a "formula" that said restored was worth 1/2 of unrestored - than you would have a ridiculous situation where people were paying half a million plus bucks for a restored AF 15 in 9.6.  When half a million would buy a unrestored 9.2..  Or kick in another $150K and buy an unrestored 9.4

People on the boards could offer better counsel if we knew the exact book.  Because prior sales can be researched. 

Edited February 8, 2019 by Tony S

[James J Johnson]

5 hours ago, The Lions Den said:

Please bear in mind that CGC grades restored books as if the restoration wasn't there...which not only makes the book difficult to grade

Do they? To me it appears that the grade CGC assesses a restored book is much closer to an apparent grade than an assumptive testimony to what the book would look like if it wasn't restored. If that were the case, that CGC grades restored books with its unrestored point of departure in mind, then there couldn't possibly be instances of books with pieces added and invasively rebuilt, formerly split and tattered spines grading better than 2.0. In my opinion, the grade given by CGC to restored books is closer to the after restoration apparent grade of the book, thus the use of the word, "apparent".

Edited February 8, 2019 by James J Johnson

[The Lions Den]

4 hours ago, James J Johnson said:

Do they? To me it appears that the grade CGC assesses a restored book is much closer to an apparent grade than an assumptive testimony to what the book would look like if it wasn't restored. If that were the case, that CGC grades restored books with its unrestored point of departure in mind, then there couldn't possibly be instances of books with pieces added and invasively rebuilt, formerly split and tattered spines grading better than 2.0. In my opinion, the grade given by CGC to restored books is closer to the after restoration apparent grade of the book, thus the use of the word, "apparent".

This is exactly what I meant. Thanks for your detailed explanation, JJJ!  

[oldrover]

Yeah, it's almost like a higher grade on a PLOD hurts. When I got my AF15 back, I was initially disappointed that it only got a 6.0 (R). But, as has been said, even if I got a 7 or an 8, the incremental value would be minimal.

[Artboy99]

rarity of book is another factor. Some books in restored condition are the only copies for sale, and if several people are looking for a copy then a restored book can and has sold for the same value as an unrestored.

[James J Johnson]

9 hours ago, The Lions Den said:

This is exactly what I meant. Thanks for your detailed explanation, JJJ!  

You're very welcome.

[James J Johnson]

4 hours ago, Artboy99 said:

rarity of book is another factor. Some books in restored condition are the only copies for sale, and if several people are looking for a copy then a restored book can and has sold for the same value as an unrestored.

Which is why it's very rare to see restored Modern/Copper/Bronze age books. They abound in plentiful unrestored supply. With Silver age books, the decision to buy restored is usually in consideration of the relative cost of buying unrestored, not a matter of rarity as generally speaking, even the relatively less often seen among Silver age issues, like Action 242, 252, the 1956-1962 super-hero issues of Showcase and Brave and Bold, etc., etc., are still available in ample unrestored supply in comparison to the much scarcer Golden age issues, some of which, as you mentioned, are only available in restored condition for sale.

[Ahsoka Tano Jedi Apprentice]

19 hours ago, The Lions Den said:

Please bear in mind that CGC grades restored books as if the restoration wasn't there...which not only makes the book difficult to grade, it also makes it difficult to evaluate a fair market price. But if there is only slight amateur restoration, I see no reason why it wouldn't be valued for at least half of the unrestored price for the grade... 

that's helpful...thank you

[Ahsoka Tano Jedi Apprentice]

16 hours ago, Tony S said:

There is no rule you can follow on the value of restored books.  No math formula. 

A few guidelines that overall hold true...

Key books restored books bring a higher percentage of blue label value than do common books. If a book costs $200 in 9.4 blue label, no one is much interested in a 6.0 restored. The value is less than the cost of grading and encapsulation.  But a $20,0000 book is a different thing. 

There is a sort of inverse, linear scale to restoration and grade. Low grade restored books (keys that is) bring a higher percentage of the unrestored book value. But the higher the grade, the more that percent of value shrinks. By the time you get to NM and better grades, a restored copy might sell for 10% of unrestored in the same grade. The reason why is simple: What unrestored grade could a person purchase with the same amount of money? 

Let's take Amazing Fantasy 15. Eight years ago, an unrestored 9.6 sold for 1.1 Million dollars. Seven months ago, a restored 9.6 sold for $85,000. That works out to a restored 9.6 being worth about 8% of unrestored..  But at 2.0, the last unrestored copy recorded sold for $15,000, while a year earlier a restored 2.0 sold for $10,500. 

The logic here is overall price. You can still purchase a nice looking copy of AF 15 for $85,000.  If there was a "formula" that said restored was worth 1/2 of unrestored - than you would have a ridiculous situation where people were paying half a million plus bucks for a restored AF 15 in 9.6.  When half a million would buy a unrestored 9.2..  Or kick in another $150K and buy an unrestored 9.4

People on the boards could offer better counsel if we knew the exact book.  Because prior sales can be researched. 

very interesting ...thank you

[FoomMember]

There was a time a few years back when a restored book could generally expect to be valued at about 1/3 of unrestored.  Factoring in whether or not it is 'key' - and that is a term being used VERY loosely in our current media-driven market - also makes assessing the value a little less predictive.

There is one factor that, even if Hoot's movie was great, will almost always lead to a trickier valuation or sale.  The dreaded....

 

 

 

[Ahsoka Tano Jedi Apprentice]

14 hours ago, James J Johnson said:

Do they? To me it appears that the grade CGC assesses a restored book is much closer to an apparent grade than an assumptive testimony to what the book would look like if it wasn't restored. If that were the case, that CGC grades restored books with its unrestored point of departure in mind, then there couldn't possibly be instances of books with pieces added and invasively rebuilt, formerly split and tattered spines grading better than 2.0. In my opinion, the grade given by CGC to restored books is closer to the after restoration apparent grade of the book, thus the use of the word, "apparent".

Hi Triple J............  thanks for your input ...as always.....

[Ahsoka Tano Jedi Apprentice]

2 minutes ago, FoomMember said:

There was a time a few years back when a restored book could generally expect to be valued at about 1/3 of unrestored.  Factoring in whether or not it is 'key' - and that is a term being used VERY loosely in our current media-driven market - also makes assessing the value a little less predictive.

There is one factor that, even if Hoot's movie was great, will almost always lead to a trickier valuation or sale.  The dreaded....

 

 

 

one third ........thank you for that insight.........

[James J Johnson]

2 hours ago, FoomMember said:

There was a time a few years back when a restored book could generally expect to be valued at about 1/3 of unrestored.  Factoring in whether or not it is 'key' - and that is a term being used VERY loosely in our current media-driven market - also makes assessing the value a little less predictive.

There is one factor that, even if Hoot's movie was great, will almost always lead to a trickier valuation or sale.  The dreaded....

 

 

 

 

[Ahsoka Tano Jedi Apprentice]

i agree

[WEBHEAD]

I had CCS take a FF48 color touch (minor) in a CB** sab 7.0   fixed to a 6.5   it was worth it