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I LOST $39,000 Selling Comics
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- āđāļāļĒāđāļāļĢāđāđāļĄāļ·āđāļ 2 āļĄāļī.āļĒ. 2024
- TOPIC: I lost $39,000 selling comics at the wrong time. I sold so many comics duting the lull of 2006 through 2013. I cost myself a ton of money, and I even purchased all those books back. Let's see how much each comic sold for back then, ad how much each is worth right no
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I sold off my collection of 10,000 silver and Bronze Age comics in 1990 for $3,000. Imagine how I feel ðĒ.
The clickbait is strong on this one
this is how you know it worked. keep up the vids. gg.
Friend of mine sold off his PC to put a down payment on a home back in 2012. At the time the value of the PC was around 30-40K. Fast forward to today the collection would probably be over 75k. Can't look back at the past got to do what you have to do. On the plus side, with his investment into his home, the home value had appreciated exponentially since then
Technically you didnât lose it since you never had it but I feel ya. Good reminder to hold onto your books if youâre able.
"I could have made $39,000!" would have been more accurate.
Other factors include opportunity cost, inflation, Covid spike, and a collectors desire to pivot strategies - trading for a Tec 31 and Batman 1.
That AF15 2.5 actually looks way better than a 2.5! That must have really hurt looking back at that sale!
I think people are struggling with the term âlossâ. Itâs not even an unrealized loss as you have to determine what you did with the money since then and the present day value.. If you put it into other investments, items that appreciated, or into terrific experience, then there is present day value, and all that has to be reconciled with the value in 2006. I understand what youâre comparing and think of it as just the difference in which you could have sold it for now versus then.
I can top that Lawrence. You're not alone in regrets. In 2006 I sold Superman 1 Ext Restoration for $25k. In 2008 I sold Batman 1 4.5 ext. res for $6700. In 2009 I sold A.F. 15 5,5 for $11k. I sold Captain America 1 mod res for $9200. X-men 1 3.0 for $1100. Hang on to those books. Excellent advice.
Best four second intro I have seen in a long time! Thanks for an enjoyable video, Laurence.
Thank u
Just so I understand the sentiment, when I sold my Apple-stocks in 2017 - does that mean I lost all the gain since??
This. And what did you do with the proceeds? Maybe you invested in something better than apple.
No. But I didnât have much equity when I bought those books. If I just held I would have made the 40k. I missed out is a better way of saying it
I was so confused with this video i couldn't make it all the way through. How is it losing money when you don't still have it? LOL.. so i must have lost a million dollars since I've opened all my retro video games instead of keeping them sealed and sold during the high
@@lacomics5711 itâs an unrealized loss.
@@mightycomicsandcollectibles I donât think so, an unrealized loss is when you still hold the asset but havenât sold when down.
This road only leads to madness...
In 1985-86, I bought an FF #1 in VG for $250, an Avengers #1 in VF for $250, and a TOS #39 in VF for $250. I sold them long ago, but they'd be worth around $67000 now. I know dealers who would be multi-millionaires if they held onto the books they've sold over the years. I could've bought a Batman #1 in Fine restored for $1,000, but passed because that was a lot of money for me back then. What d you think that Batman #1 would be worth today? It would have moderate restoration today's standards.
Hard to say without seeing it
If you took your sale prices and put the cash in an index fund I wonder how many would still be losses?
Itâs only a non realized loss bc I sold at the wrong time.
Good morning Lawrence, letâs be real. Had you purchased a fantastic four number one off the new stand you would be way up too. go back as far as one once and with almost any book you would be up. Take any golden age $.10 book any silver age or bronze age $.25 book each of them you would be up. But I think your point is understood but if someone needs money at the time, then that is the time to sell.
I had to support with sub! Dude youâre one of the best comic book content creators out there, thank you
Thank u so much!
Thatâs insane man. Great video Lawerence. Iâm hoping this trend continuesâĶthere are a lot of silver age keys in my PC I plan on keeping for years unless I have the opportunity to upgrade them
This is the story you tell your wife about the âlosesâ you have had when she asks how your comic business is going. But donât tell her about the real loss post comic boom ðĪĢ
I was watching this while I pulled a bread order in my box truck. Donât know if it was the heat in Florida or combination off the video but when you showed the AF 15, I got really sweaty and light headed ðĩâðŦ
Man you make me feel better about holding onto my investment
If I had an opportunity to own any of those books, I would never sell them I would put them on the wall of my man cave for personal enjoyment 401K investment books
Sold an x men 1 (1963) 8.0 unrestored in 2007 for 8k; I know your pain
This relates to all things in life, timing.
Imagine the difference between todays sold prices and the height of covid sold prices. âĄðĨð
I doubt we will see a similar increase in comic book values the next 20 years that will compare with what we experienced the past decade so. The early MCU movies and the Covid hysteria years of free money won't be repeated. Even with the correction after Covid most comic values are still higher than before the pandemic.
You want to talk about regrets in 2008 I sold my Batman number 1 6.5 restored for $12,500 in order to save my house from the bank
Omg
Can you imagine all those buyers. During the comic boom. Most will never see their money again.
Agree
cool video concept. opportunity lost is a real thing
Whatâs going on with GSX #1 ? 7.0 for $1900 ?? I paid more for my copy. You would think with the new movie coming out that it will rise in value.
Very informative video. Thanks for sharing
Good morning Lawrence yes, I went through the same HELL as you. But thank God, I kept some of my key.. my first amazing fantasy. 15. I bought that raw from the newspaper the comics buyers guide.. believe it or not but only $450. Yes, I was depressed when I graded it I didnât know it was restored.. it came back 8.0 no trimming restored but itâs still roughly $20,000 buck maybe more yes I still have it.. of course, the one book I will never resell Iâm taking it to my grave. Amazing fantasy 15. 6.0 I bought that at the New York comic con. No marvel chipping looks much better presentation wise.. I only paid $4000. Obviously, I sold a lot of books before they spiked on the other hand. I donât bartend anymore.
You sold these books many years ago if you factor inflation over the years your losses might not be as bad as you thought. I made lots of mistakes selling in the past but I made the biggest mistake not dumping all my books during the pandemic. Imagine how much money we could have made.
Remember these are unrealized losses. My actual losses were minimal or possibly even made money. Just wish I held
Wow, those are some incredible price changes throughout the years
ASM #11 in a 3.5 is worth only 200 more than it was eighteen years ago? That's both surprising AND disappointing. But in general, the amounts you've lost aren't all that painful over almost two decades!
I Know right? Thatâs why I always say buy second appearances for cheap bc they donât increase in value to spend crazy $
Amazing Spiderman 129 signed by Stan Lee graded at 9.0. How much you think its worth.
80+ New Mutants 98 100$ 1992
Iâm thinking about selling some silver coins, which is around its 10 year high and buying some comics that are hitting 5 year lows?
I had to give you another comment I sold hulk 181 8.0 for only $1100 about 12 years ago.
Ouch
The clickbait is strong with this one lol
How is this click bait? Just a good thumbnail.
@@mightycomicsandcollectibles you can't lose money unless you actually sold and realized a loss.
So in your brain you would deduct $39,000 as losses in your taxes?
Just wondering if you adjusted for inflation? Great video! Makes me feel a very little better about some of my bonehead sales or mistakes in general!
Did not.
yikes. good lord.
What were your initial purchase prices?
How much have your mega keys appreciated since you bought/traded for them?
Who knows what I paid back then. It was in the early 2000âs. I only have 4 mega keys. And 3 are restored and itâs too hard to tell on those books bc theyâre rare and they donât sell often in exact grades restored
I have an Amazing Spiderman issue graded at 9.0 signed by Stan Lee. How much you thinks its worth.
This was a really great video for us old silver age kids that still own a lot of those old Ditko ASM keys and still own them as adults and took very good care of them. The one book that I purchased as a kid that I traded away in this video that I kick myself in the butt about is Iron Man #1. Iron Man #2 was such a dud that I figured as a kid, made #1 expendable. Even as a jr. high kid at the time, I knew that Tales of Suspense #39 was the book to get for the real Iron Man #1, and that this #1 was a Stan Lee hyped up fake. Even back in '68 when I bought this book out of a comic book machine at a local supermarket, I thought the Gene Colan cover was really cool. Oh well!!
Wait, a comic book machine? Like a vending machine? I would love to hear more detailsâĶ.
@@reprintranch Yes they were vending machines that had the comics piled up and you had to buy the book on the top to get to the book under it. So, we kids would do our best to look at the sides of the books under the top book to try to figure out what books were under it. You would place a dime in one slot and your 2 cents in the slot on other side of the lever and push the lever in and the turnstile would turn, and your comic would come out the bottom much like a candy machine operates. The were really good for picky comic book buyers, because the books spines would not be creased like books in the spin racks, because kids would bend the books over in spin racks as they would peruse through them. However, they were not good if you had to beg your mom for another 12 cents to get the book you wanted that was under the top book. Google sixties comic book machines for a look at one.
@@MtHockey Wow, I never heard of that before. I sure remember spinner racks and three-in-a-bag packaged comics but I'm either too young (born 1962) or was outside the geographic range (grew up in Florida) to have seen those vending machines. Probably for the best -- I would've driven my Mom nuts asking for dimes and pennies. Thanks for the info!
Hey man! If you are a Spider-Man fan why did you sell all this goodness???
Bc at the time I was buying a house
Think I'm about to be ill ASM #3 wow AF #15 I'm sad now
So you're pissed that you sold a book, 15-20 years ago, which if you had now, you'd only be up a 1000 or less...over the course of holding it for 15-20 years. ...You should have bought Bitcoin when it came out instead of comics
Yoooooooo wish I knew u then I would hav grabbed all those books!! I hav them all now but I paid those new prices ðŪðŪ
I sold some big, really high grade books in a legacy collection of mine back around 2016 - 2018. #!$!@#! me.
I mean, I get it but I am sure you made good money when you sold the books back in the day. So yeah you lost in today's money but probably made it out in yesterday's money. Can't really tell the future unless you bought books during the boom.
Actually I donât think I made much
@@mightycomicsandcollectibles Ouch, yeah then the pain cane run deep then.
â@@mightycomicsandcollectibles you now do a video on the reverse? How much profit you made based on when you bought the book vs when you sold.
@@Kingdom_Comics the issue is I bought those books so long ago I have no idea what I made or lost on them. I can do one for my current books
@@mightycomicsandcollectibles Sounds good. I am curious on the reverse.
Hey man! If you are a Spider-Man fan why did you sell all this goodness???
Bought a house at the time. Worst time in my life
@@mightycomicsandcollectiblesdang I did the same thing