The Once and Future King

Hello again comic book investors and welcome back to another Covering the Spread!  This week I wanted to take a look at a franchise that has been on a decline for a long time, but I'm hoping will turn it around.  If you recognized the reference from the title (Or just looked at the picture) you'll already know, this week is all about the X-Men.  Or at least mutants.

The X-Men were on top of the world when I was younger.  Between the animated series and (If I'm counting correctly) 14 ongoing comics, the 90s was all about the X-men.  But lately the X-Men have been in a bit of a slump.  Up until one recent book (which we'll discuss today) there just hasn't been a lot of buzz around new X-Men stories.  I think that's all about to change.  The Disney/Fox merger is a done deal, and you better believe we'll be seeing the X-Men in the MCU soon.

I do think this rumor about Deadpool being in Spider-Man: No Place Like Home, or whatever they decide to call the 3rd movies is nonsense though.  The X-Men need their own movies and the concept of mutants can't just be shoehorned into another movie.  I think we will see a lot of movies and TV shows building up the mutants in the MCU very soon.  So, that means we should look at some X-Men books and see how they stack up as investments!

 

New Mutants 1

Okay, so this movie is already made. Okay, so “made” might not be entirely accurate.  But this is a book I really like.  I know it isn't technically the first appearance, but I still like having the first comic book appearance, and first in title.  Despite all the negatives about this book it is still selling pretty consistently.  Does that mean it's a great opportunity for investment?

 

Average Raw Price 17.06
10 Copies 170.63
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 56.90
Total Costs 507.53

 

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
103 60 37 35
2 Copies 3 Copies 4 Copies 1 Copy Total Value
206 180 148 35 569

Woof.  Our upfront investments should be $450.63 and our profits would be $61.48.  That's a spread of +6.15 and an ROI of just under 14%.  By the time your Paypal fees come out you'd probably be in the hole.  However, that is great news.  I don't think the raw copies are selling too hight personally, so that means graded copies are undervalued.  I have faith that we will see this movie eventually, it makes good financial sense for Disney.  They only need to pay for reshoots and they get to release a film that's guaranteed to be successful.  When we get a new trailer this will be a $150 9.8.

 

X-Factor 6

This is something I've wanted to do in the article for awhile, but this is a book I DON'T like right now.  I know, you're thinking why discuss a book you don't like, I promise I'll get to it.  Apocalypse is a great villain.  However, the last movie really made people sour on him.  I think Apocalypse is going to be out of the picture for awhile, and that's generally not a good thing.  But, around here the numbers are what really matter, so let's take a peak.

 

Average Raw Price 36.03
10 Copies 360.33
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 96.10
Total Costs 736.43

 

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
194 83 65 64
2 Copies 3 Copies 4 Copies 1 Copy Total Value
388 249 260 64 961

Our upfront investment should be $640.33 and our profits would be $224.58.  That's a spread of +22.46 and an ROI of 35%.  These numbers aren't terrible on their own.  But, I also ran the numbers on X-Force 5.  The ROI there is currently -14%.  That's about as bad as it gets.  I do think that graded copies will retain their value, but raw prices are going to come down.  Even looking at completed sales we have a high of $61 and two sales tied for a low of $25.  I think we'll see the average price dip below $30 within the next year because the market is really moving towards books with more active interest.

So why talk about this?  Well if you have raw copies of this book right now, I recommend you sell them.  Of course the choice is yours, but if you can sell a copy for close to $50 right now I would jump at the opportunity.  With that much money you'll probably be able to buy two copies in a year or two.  Or even better, you could buy our next book…

 

Major X 1 cover

Major X 1

Yes, seriously.  When this book was announced I was one of the many people who wrote it off.  Everyone saw it coming a mile away, there was no way this would be a book people paid good money for.  Except they did.  I'm here to say I was wrong, I've been watching the numbers and this book is fascinating me.

 

Average Raw Price 12.33
10 Copies 123.33
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 76.10
Total Costs 479.43

 

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
143 85 45 40
2 Copies 3 Copies 4 Copies 1 Copy Total Value
286 255 180 40 761

Our upfront investment should be about $403.33 and our profits would be $281.58.  That's a spread of +28.18 and an ROI of almost 70%!  I thought for sure that 9.8 price must be based off one or two sales, but 13 9.8's have sold on eBay alone.  This is by far the most recent issue I've ever recommended but especially if you can still find this one at your LCS I think they're well worth getting graded.

Wrap-Up

That's all I have for you this week.  As always thanks to Comic Collateral for our pricing data, and thanks to all of you for reading.

This week our best book was Major X 1 with an ROI of just shy of 70%.

X-Factor 6 was the next best at 35% ROI, although I think raw prices are in decline.

Bringing up the rear was New Mutants 1 with a measly 13.6%, so I recommend buying already graded.

Am I crazy for recommending a book this recent?  Do you think we'll ever see the New Mutants movie?  Let me know what you think in the comments!  I'll see you next week.

 

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