It seems a lot of people are interested in the subject of investing in comics, and I do have to admit that comic book investing can be quite rewarding and highly profitable. Still, before you start throwing down your hard earned cast on a comic investment, you need to really know what you're doing. I'm going to break some comic investment myths that you need to be aware of before you begin to invest in comics. So let's get down to the nity gritty.
1. Are New Comics Good Investments?
This has got to be one of the most asked questions, and it seems that a lot of people have been smitten by all these new record breaking comic sales that the news has been covering recently. I want to be very clear that those comics are from the golden and silver age. They are not new comics, and they happen to be the highest graded copies of that particular issue.
If you think you're gonna buy a few copies of the new Spider-Man comic, bag and board them, store them for the next few years, and you'll be able to sell them for big bucks, you really need to learn more about how to invest in comics. That new Spidey book most likely wont be valuable in your lifetime.
Why is that? Well, comic collecting habits have drastically changed from the late forties to present day. Back in the 40s, 50,s 60s and 70s, not too many people thought that comics would ever be so valuable. Often, comics from the early ages were often abused and many were discarded by parents when kids left the nest. Now, everyone is holding onto their comics and keeping them in great condition.
What will that produce? It will produce thousands of comics in high grade in the future. There won't be any rarity, and if they're not rare, they wont be in demand nor valuable.
2. I Need To Get High Grade Comics.
This isn't necessarily true in terms of some silver age and golden age comics. Many extremely desirable key issues of golden and silver age comics are extremely expensive. Most average collectors looking to invest in comics can't afford a million dollar comic investment. There are still key issues that are in demand at mid and lower grades that can be great investments as well.
For example, a few years back, I invested in an Amazing Spider-Man Vol. 1 #6, which is the first appearance of the villain the Lizard. With the Spider-Man movies, I thought it was only a matter of time before the Lizard got his spotlight on the silver screen, so I got this issue at around very good (VG) condition. It's not a high grade by any means, but it's still a great investment for three reasons:
A. Issues #1-10 from the first series Amazing Spider-Man comics are highly sought after and desirable.
B. The new Spider-Man reboot features the Lizard in the movie.
C. Not everyone can afford higher grades of that particular issue. Most people can't but still desire a copy in their collection. That means they will turn to lower grades.
3. Overstreet Guide Is The Exact Value of Comics
This is a myth for so many reasons when it comes to comic investment values. Overstreet is put out once a year, and this means that they are behind on the most recent and current demands for some key issues or high demand books. For instance, The Amazing Spider-Man #129, 1st appearance of Punisher, is being sold for well over guide price across the board. I mean across the board considering all grades of that particular 1st print issue. Another book going over guide is Green Lantern #7, 1st appearance of Sinestro.
On the opposite end and because of the economy, many silver age and golden age common issues are hard to sell at 50% of it's current guide value. Modern age comics will rarely sell for it's cover price after a few years on the market, despite what Overstreet says. Overstreet Comic Book Guide is just a guide. The values in there are a starting point and not law. Remember, comics are truly only worth what someone is willing to pay for them.
Want to learn more? Visit the link to discover my top comic investment picks that will stay in demand and continue to rise in value for the next few years.
Also, be sure to visit my blog Total Comic Mayhem for even more comic related fun and more comics to invest in advice!