Did JIM and Thor comics suddenly drop in price? Messages in this topic - RSS

4bubble4
4bubble4
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22 days ago

4bubble4
4bubble4
Posts: 2
I see #83 suddenly dropped to $27,500..i mean thats that quite the sudden drop

Anybody offering explanations? Any other comics suddenly dropping?

Its ok with me because now I can afford to buy the one I'm missing but just curious

Thanks!

Chris
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Ronbatman
Ronbatman
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21 days ago

Ronbatman
Ronbatman
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Chris,
I didn't personally make that change but I did check recent sales for that book after your post. To me, it looks accurate based on sales. Heritage is one of the big players for a high-end book like that. Check their prices and you'll see that this is reflecting the market.

As to the reason, I'm not sure but my guess is that the hype over the Thor movies is subsiding. I hope you can now get a great copy of this key issue!
Ron
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stephanm
stephanm
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18 days ago

stephanm
stephanm
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Ron, I was wondering about the same thing.

And, honestly, can't believe that's right. I have no skin in the game (I should be so lucky owning JiM 83....), but that seems very odd.
By now, a few days later, it's up to 42k again, so the 27.5k was obviously an error.

But even 42k, at a bit over half what it was a week ago, is too low.
Thor might not be ultra-hot at the moment, but the films keep coming and he's a cornerstone of the Marvel Universe, both comics and cinematic.
It might drop by 10% not by more than 40%...

It's a key issue, 1st and origin Thor, the third/fourth Marvel superhero after the FF and the Hulk (it came out simultaneously with Spidey's first appearance in Amazing Fantasy 15)(OK, there's Ant Man, but he wasn't in costume until a month after this).

And bear in mind this is the value for a 9.4. That is exceedingly rare. There are only 12 copies in the CGC census in 9.4 or better (ten 9.4 and two in 9.6). Admittedly that's slabbed. But I doubt there are many (if any) raw 9.4s of such a key in existence (also, amusingly, CPG lists the same book as 170,000 graded in 9.4. Hmm, four times the raw value.... can't be right...)

Another pet peeve of mine are the odd amounts CPG has started listing about two years ago.
JiM 83's 9.4 value is, supposedly, $42,464...

Aha... so not 42,463, or 42,465, -- but precisely 42,464...???

This makes CPG's pricing look unprofessional. At these stratospheric heights, the prices (certainly of a cornerstone value like the Near Mint price) should be listed in round thousands (or at least hundreds). Anything else is obviously just false precision.

Another odd book is JiM 112.

At the same time as the JiM 83 price drop it collapsed from $2,000 to $438 (again, why not $440 or $430?).
This is a key, an early Thor/Hulk battle, with an iconic cover.
It can't have dropped overnight by 78% (!)
Granted, the 2,000 might have been overly optimistic (as are many of your early Thors, by the way. I think most are overpriced by about 20%), but the extent of the drop must be an error.
It is now priced almost equal to the two surrounding (non-key) issues, 111 and 113, at $420 each.
No way would issues with Mr Hyde/Cobra, respectively the Grey Gargoyle, fetch roughly the same as an early Hulk battle.
edited by stephanm on 8/30/2019
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Guest

18 days ago

Guest
PS
... oh, and by the way, I've just done as you suggested, and have checked Heritage for recent sales of JiM 83.
There was only one recent sale, a 3.0 that went for 3,100.True, that's in line with CPG's value now ($3,545 for GD/VG),

But on super-key like this, the NM must be relatively higher.
For example, Overstreet lists GD/VG as about 2,700, yet NM as 82,000.
And the only comparable sale on Heritage (albeit in 2015) was a 9.6 which went for the neat figure of 215,000...
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stephanm
stephanm
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18 days ago

stephanm
stephanm
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And on further checking Heritage, I realized that there are many more recent sales than I had at first spotted, including these (the only ones at levels comparable to 9.4):

a 9.0, just four weeks ago, for $60,000
a 9.0 in February for 66,000

a 9.4 in February for 144,000

So, yes, there might be a slight downward trajectory -- the 9.0 sale in August was 9% below the one in February.

But, sorry, no way that 42,000 for 9.4 (which should be substantially higher than a 9.0) can be even remotely correct...

(by the way, my follow-up post came up as "guest" instead of "stephanm". But I remain signed in... odd...)
edited by stephanm on 8/30/2019
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4bubble4
4bubble4
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16 days ago

4bubble4
4bubble4
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Having said that, if someone wants to sell me JIM#112 NM for $438 I'll gladly take it off your hands..if you have 2 or 3 of them I'll take those too.

: )

Yes, someone needs to monitor "Recent Value Changes" and make sure the price seems reasonable before just entering the info. If the value seems odd then more investigation should be required. You can lose reputation very quickly if you enter prices that seem way off on even a somewhat infrequent basis. Generally i find the the price changes quite good on this website. I'm not nearly as serious a collector as many here but I know Thor comics pretty well so the change caught my eye right away.

This is pretty serious money now. We can't just arbitrarily put some number because we got the info from one area and assume that is the going price. In this case someone should have questioned the price first before entering it. Very Key and rare issue of that grade like this one has to be looked at more carefully.

I'm in the financial industry. If a stock drops off or rises significantly there has to be some materially serious news. Obviously comics books are a different beast and one has to expect some serious price swings as comic book prices rely almost solely on popularity and scarcity, but anything greater than 15 to 20% change in price should warrant some explanation of some sort just so people don't have a complete cardiac arrest.

Thanks for the input everyone

Chris



stephanm wrote:
And on further checking Heritage, I realized that there are many more recent sales than I had at first spotted, including these (the only ones at levels comparable to 9.4):

a 9.0, just four weeks ago, for $60,000
a 9.0 in February for 66,000

a 9.4 in February for 144,000

So, yes, there might be a slight downward trajectory -- the 9.0 sale in August was 9% below the one in February.

But, sorry, no way that 42,000 for 9.4 (which should be substantially higher than a 9.0) can be even remotely correct...

(by the way, my follow-up post came up as "guest" instead of "stephanm". But I remain signed in... odd...)
edited by stephanm on 8/30/2019
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