When it comes to finding comics to invest in, the current
atmosphere couldn’t be better … and worse.
In the past if you wanted comics, the first place they were
available was through various stores on spinner racks and newsstands. Subscriptions soon followed. Then came mailorder, which was a huge boost
to the hobby and eventually led to flea market booths and comic shows. From there, specialty comic book shops opened,
followed by the behemoth of eBay … and the world of comic investing has never
been the same.
To downplay the importance of eBay in the field of comic
collecting is to not understand the market one wishes to invest in. eBay opened up the world for everyone with a
computer and Internet availability. Issues
that were impossible to find suddenly became readily available … in multiple
copies. Books you thought were rare were
as common as romance novels. And it
wreaked havoc with prices … or so it seemed.
The reality was that it leveled the playing field in all ways …
something not exactly conducive to investing.
When flea markets and mailorder were the only way to buy,
consumers (and that includes investors) were at the mercy of the seller. If you were an investor selling this way, you
were in luck as long as you could find someone to take your comics off your
hands. That usually wasn’t a problem,
though you sometimes had to wait to find the person. When stores entered the picture, they stuck
to competitive pricing based on the comic values given in the Overstreet Comic Book Price Guide and
what the local market would bear. eBay
started a race to the bottom … for serious collectors. Sellers who dealt in comics underpriced to
drive bids. Sometimes this backfired and
worked wonders for the collector.
Sometimes it went the opposite way and sellers made out like bandits. All markets have their pros and cons,
however. I’ll focus on the three main
markets here and let investors decide which is best for them. I’m doing this under the assumption that the
investor is simply looking to buy comics in which to invest.
Flea markets are the bane of comic book collecting at this
point in time. All one has to do is take
a walk through any market and see that if there is one certainty when it comes
to sellers at flea markets it is that most don’t know what the hell they are
doing. There you will find one of two
types of dealers: the one who has knowledge of comic books, or the one who
doesn’t. The two are easy to
differentiate.
The dealer who doesn’t know what he (and it is usually a he)
is doing will usually have one small box worth of comics. The comics may or may not be sleeved. They most likely won’t be boarded. The prices will have nothing to do with
condition or anything even remotely resembling reality. The stuff you can find in a .25 cent box at
your local comic book store will sell for $5.00 or more here. The price, as odd as it is, is usually set by
the comic’s age and who is on the cover.
The good thing about this is that you can sometimes find a gem that is
vastly underpriced, but that is rare.
Also, once you check out this guy’s stock, there is usually no reason to
return to him on future visits, as his lack of sales will keep him from
purchasing more books to sell.
The dealer who does know what he is doing will have the
comics sleeved and boarded, and the prices will be around Overstreet levels. Your
chances of finding a gem with him are very slim, but negotiating prices works
out better. After all, it is far easier
to get a deal on a book you want to pay $8 for that is priced at $11, but
really worth $10. With this type of
dealer you are starting closer to what the book is worth, while at the former
dealer that $10 book may be priced at $20, so your odds of getting it for $8
are virtually nil. This dealer’s stock
will also change, so checking back with him is a good idea.
The comic book store is a great place to get new and back
issues, though fewer and fewer shops are carrying the latter due to space
constraints and competition from eBay.
Like with the knowledgeable dealer at the flea market, the comic book
store owner will have his books priced competitively. You can negotiate, but it is rare that you
will find a deal, unless you go to the one place a lot of people avoid: the
discount boxes.
Discount boxes usually have comics anywhere from .25 cents
to a dollar. The conditions aren’t
always great, but there are some treasures to be found. You can also cheaply fill gaps in your
collection so that you can sell off the entire run of a title at a good
price. I have found quarter books worth
over $11 in the condition they were in, so treasures are not unheard of by any
means.
It's "Action," not "Acton." Also, that lion is screwed. |
The amount of traffic on this site sometimes drives down
prices, as you will have 800 copies of the same book selling, but can also
inflate prices on books that shouldn’t be valued as high. If you are investor looking to buy, one of my
tricks is to purposely misspell the book’s title while searching for it. You’d be shocked by how many people list
things like Acton Comics. Sometimes they don’t even put them in the
comic category.
As I noted before, this is not the way to fund your
retirement unless you own a store, but it is a fun hobby that can bring you
some money if you work hard at it, study the markets, and invest in what you
love. Otherwise, it’s blindly throwing
money away, and that’s not investing.
That’s gambling, and nobody wants to gamble with their financial future.
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