Covering The Spread 2

Hello from an uncharacteristically hot Minnesota CBSI and welcome back to Covering the Spread! If you are wondering how this works or what my methods are please see the explanation at the start of the first Covering the Spread.  

Today we have an all movie spec edition so strap in and let’s dive into some numbers!

 

 

First up we have Edge of Spider-verse 2.  Since it’s on the top 10 I figured I should have a look (maybe I’ll make that a regular thing?)

 

Without Pressing:

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2 Av Price
243.24 160.82 124.5 125
2 copies 3 copies 4 copies 1 copy Final Value:
486.48 482.46 498 125 1591.94

 

Average Raw Price 94.68
10 copies 946.81
Grading Fees (Est) 180
Shipping Fees (Est) 100
Total Costs 1226.81

 

There was one sale here that was a bit of an outlier on the low side but I included it just in case but even with that bringing it down taking a look at the numbers we have a final value of $1,591.94 and costs of $1,226.81 which would put our profits at about $365.13 or a spread of +36.51.  

Once you take into account eBay fees that’s not leaving a lot of room for profit so my advice here is if you’re looking for a copy BUY IT ALREADY GRADED! In my opinion raw prices are too inflated because of all the hype around the trailer for you to make money off them right now.

 

With pressing

9.8 Av Price 9.6 Av Price 9.4 Av Price
243.24 160.82 124.5
3 copies 5 Copies 2 Copies Final Value
729.72 804.10 249 1782.82

 

Average Raw Price 94.68
10 copies 946.81
Grading Fees (Est) 180
Shipping Fees (Est) 100
Pressing Fees (Est) 120
Total Costs 1346.81

 

These numbers are a little less cut and dry.  We have a final value of $1,782.82 and total costs of $1,346.81 which lands our profit at $436.01 and the spread at +43.60.  That’s not the most outstanding spread I’ve seen but still not a bad deal making you about $40 per book after fees which isn’t the worst investment in the world but there is some debate to be had here.  

Personally I think the extra $7 per book means it’s okay to invest in raw copies. However if Shaun’s theory is correct (I think it is) next month we will be seeing another trailer at SDCC and that will probably cause another surge of interest in this book, which means you’ll want to have graded copies in hand ready to sell at that time.  

But that’s just my opinion I’d love to know what you all think in the comments!

 

 

Next up we have a movie I’m incredibly excited for Hellboy!  The Golden Army is one of my favorite movies of all time and I can’t wait to see what this new movie will look like. Today we are going to take a look at Next Men 21 which CGC labels as “First full color Hellboy”.

If you didn’t already know Hellboy’s first appearance is attributed to a few different books but this is likely the easiest for us to find and invest in so here we are. Side note I won’t spoil it for you here if you don’t want to know but it has been revealed who the villain for this movie will be and if you are looking for some cheap spec I don’t think picking up their first appearance for a few bucks and stashing it is a bad idea.

 

Without Pressing:

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2 Av Price
335.8 175.5 130.73 109.92
2 copies 3 copies 4 copies 1 copy Final Value:
671.60 526.5 522.92 109.92 1830.94

 

Average Raw Price 85.08
10 copies 850.76
Grading Fees (Est) 180
Shipping Fees (Est) 100
Total Costs 1130.77

 

So for 10 copies our investment stands at $1,130.77 and our final value is $1,830.94. That’s a profit of $700.17 and a spread of +70.02 which is not too shabby at all.

This is already a good investment but when you take into account the spike I’m betting we’ll see when a trailer for this movie is finally released I think now is the perfect time to be buying this book and buying it raw.

 

With Pressing:

9.8 Av Price 9.6 Av Price 9.4 Av Price
335.80 175.50 130.73
3 copies 5 Copies 2 Copies Final Value
1007.4 877.50 261.46 2146.36

 

Average Raw Price 85.07
10 copies 850.76
Grading Fees (Est) 180
Shipping Fees (Est) 100
Pressing Fees (Est) 120
Total Costs 1250.76

 

With pressing we have an initial investment of $1,250.76 (Which is less than our initial investment for Edge of Spider-verse 2 for those keeping score at home) and a final value of $2,146.36 which lands our profits at $895.59 and a Spread of +89.56.  

Everything I said above holds true but with the pressing adding about $19 per book in value I would definitely recommend it.

 

 

Alright guys even though I’m much less excited about this movie than everyone else I’ve talked to, this is a grail for me, so I almost hesitated to share this info with you but I love you guys and this is my thank you for all the votes in cbsi writer wars!  

This is a book that I think anyone who grew up on the Spider-man animated series like myself has had on their list of wants forever. The first appearance of Venom while very valuable is also plentiful so there are a lot of raw copies out there for people to run out and snag.  

Let’s take a look at whether or not you should.

 

Without Pressing:

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2 Av Price
2258.33 789.14 525.75 436.2
2 copies 3 copies 4 copies 1 copy Final Value:
4516.66 2367.42 2103 436.2 9423.28

 

Average Raw Price 362.08
10 copies 3620.82
Grading Fees (Est) 585
Shipping Fees (Est) 100
Total Costs 4305.82

 

So before everyone loses their minds I will say I don’t think asm 300 is the easiest 9.8 in the world but I don’t think the estimates here are outrageous. We have total costs $4,305.82 and a final value of $9,423.28!  That would be a profit of $5,117.46 and a spread of +511.75.

To go a little more in depth here because I know there was some question of why I’m including 9.2 copies if you buy a raw copy for $362.08, pay $58.50 to grade it and $10 to ship it (obviously you need to include other books in your shipment) and it comes back 9.2 you are still ahead about $6 which isn’t amazing but it is a testament to just how good the spread is on this book!

 

With Pressing:

9.8 Av Price 9.6 Av Price 9.4 Av Price
2258.33 789.14 525.75
3 copies 5 Copies 2 Copies Final Value
6774.99 3945.70 1051.50 11772.19

 

Average Raw Price 362.08
10 copies 3620.82
Grading Fees (Est) 585
Shipping Fees (Est) 100
Pressing Fees (Est) 600
Total Costs 4425.82

 

Okay so I know some people consider themselves “purists” and don’t like pressing but if you are looking at this purely as an investment you NEED to press these books.  This would leave us with total costs of $4,425.82 and final value of $11,772.19. That would be a profit of $6,866.37 and a spread of +686.64.

Again I don’t think I have to explain too much that making a profit of almost $700 on a book is a good thing.  If you’ve got the cash to pony up this looks like an good way to at least double your money.

 

Well everyone that’s what I’ve got for you this week.  This is still only my second article so any suggestions for improvement are always welcome as well as suggestions for books or topics you’d like to see me cover in the future.  

Thanks again to everyone who voted for me and as always thank you To Scott Robertson and the Comic Collateral App for helping me with the sales data.

See you next week!

 

8 comments

  • Great read!

  • Amazing job and excellent feature! Congrats on the win and look forward to seeing more of these!

  • Ben C

    Really informative and entertaining

    Thanks!!

  • Foxom

    In regards to investing, no offense to all the other great writers but, this is by far the best article on the site. Please keep them coming. Although with asm 300 I would argue that the ratio of 9.8s per 10 may be a bit lower. Since the upside is so great I believe more, not all, people will send them in to take a chance for a 9.8. Especially since even if it comes back 9.4 you’re still way ahead. Would be interesting to see some one try it with 10-20 raws.

    • Yeah I debated changing the formula a bit because I agree there probably won’t be a ton but I thought it would be better to be consistent and like you say you don’t need to hit 9.8 to turn a profit that’s just gravy

  • Dumb question. Why would ASM 300 cost $58 to grade? It’s not a Silver Age book.

    • Cgc does put a limit on how valuable a book can be to me submitted in the modern teir. My estimate was that they would accept them under the standard teir at $65 per book and members would receive a %10 discount. You can certainly try submitting them as modern but if I remember correct cgc reserves the right to move them to the correct teir and increase your charges

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