I sold off my collection of 10,000 silver and Bronze Age comics in 1990 for $3,000. Imagine how I feel 😢.

The clickbait is strong on this one

@HailCaesar-yr1re

Ай бұрын

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 didn’t lose it since you never had it but I feel ya. Good reminder to hold onto your books if you’re able.

Other factors include opportunity cost, inflation, Covid spike, and a collectors desire to pivot strategies - trading for a Tec 31 and Batman 1.

"I could have made $39,000!" would have been more accurate.

Just so I understand the sentiment, when I sold my Apple-stocks in 2017 - does that mean I lost all the gain since??

@adamchace

Ай бұрын

This. And what did you do with the proceeds? Maybe you invested in something better than apple.

@mightycomicsandcollectibles

Ай бұрын

No. But I didn’t 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

@lacomics5711

Ай бұрын

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

@mightycomicsandcollectibles

Ай бұрын

@@lacomics5711 it’s an unrealized loss.

@adamchace

Ай бұрын

@@mightycomicsandcollectibles I don’t think so, an unrealized loss is when you still hold the asset but haven’t sold when down.

If you took your sale prices and put the cash in an index fund I wonder how many would still be losses?

@mightycomicsandcollectibles

Ай бұрын

It’s only a non realized loss bc I sold at the wrong time.

I think people are struggling with the term “loss“. It’s 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 you’re comparing and think of it as just the difference in which you could have sold it for now versus then.

Best four second intro I have seen in a long time! Thanks for an enjoyable video, Laurence.

@mightycomicsandcollectibles

Ай бұрын

Thank u

Good morning Lawrence, let’s 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 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.

I had to support with sub! Dude you’re one of the best comic book content creators out there, thank you

@mightycomicsandcollectibles

Ай бұрын

Thank u so much!

That AF15 2.5 actually looks way better than a 2.5! That must have really hurt looking back at that sale!

That’s insane man. Great video Lawerence. I’m hoping this trend continues…there are a lot of silver age keys in my PC I plan on keeping for years unless I have the opportunity to upgrade them

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.

@mightycomicsandcollectibles

Ай бұрын

Hard to say without seeing it

Very informative video. Thanks for sharing

This road only leads to madness...

This is the story you tell your wife about the “loses” you have had when she asks how your comic business is going. But don’t tell her about the real loss post comic boom 🤣

This relates to all things in life, timing. Imagine the difference between todays sold prices and the height of covid sold prices. ⚡💥🎉

I was watching this while I pulled a bread order in my box truck. Don’t 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 😵‍💫

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.

Man you make me feel better about holding onto my investment

cool video concept. opportunity lost is a real thing

Sold an x men 1 (1963) 8.0 unrestored in 2007 for 8k; I know your pain

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

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 didn’t know it was restored.. it came back 8.0 no trimming restored but it’s still roughly $20,000 buck maybe more yes I still have it.. of course, the one book I will never resell I’m 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 don’t bartend anymore.

Can you imagine all those buyers. During the comic boom. Most will never see their money again.

@mightycomicsandcollectibles

Ай бұрын

Agree

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

@mightycomicsandcollectibles

Ай бұрын

Omg

I’m thinking about selling some silver coins, which is around its 10 year high and buying some comics that are hitting 5 year lows?

What’s 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.

Wow, those are some incredible price changes throughout the years

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.

@mightycomicsandcollectibles

Ай бұрын

Remember these are unrealized losses. My actual losses were minimal or possibly even made money. Just wish I held

What were your initial purchase prices? How much have your mega keys appreciated since you bought/traded for them?

@mightycomicsandcollectibles

Ай бұрын

Who knows what I paid back then. It was in the early 2000’s. I only have 4 mega keys. And 3 are restored and it’s too hard to tell on those books bc they’re rare and they don’t sell often in exact grades restored

Amazing Spiderman 129 signed by Stan Lee graded at 9.0. How much you think its worth.

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!

@mightycomicsandcollectibles

Ай бұрын

I Know right? That’s why I always say buy second appearances for cheap bc they don’t increase in value to spend crazy $

I have an Amazing Spiderman issue graded at 9.0 signed by Stan Lee. How much you thinks its worth.

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!

@mightycomicsandcollectibles

Ай бұрын

Did not.

I had to give you another comment I sold hulk 181 8.0 for only $1100 about 12 years ago.

@mightycomicsandcollectibles

Ай бұрын

Ouch

Yoooooooo wish I knew u then I would hav grabbed all those books!! I hav them all now but I paid those new prices 😮😮

The clickbait is strong with this one lol

@mightycomicsandcollectibles

Ай бұрын

How is this click bait? Just a good thumbnail.

@lacomics5711

Ай бұрын

@@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?

80+ New Mutants 98 100$ 1992

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!!

@reprintranch

Ай бұрын

Wait, a comic book machine? Like a vending machine? I would love to hear more details….

@MtHockey

Ай бұрын

@@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.

@reprintranch

Ай бұрын

@@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!

yikes. good lord.

Think I'm about to be ill ASM #3 wow AF #15 I'm sad now

Hey man! If you are a Spider-Man fan why did you sell all this goodness???

@mightycomicsandcollectibles

Ай бұрын

Bc at the time I was buying a house

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.

@mightycomicsandcollectibles

Ай бұрын

Actually I don’t think I made much

@Kingdom_Comics

Ай бұрын

@@mightycomicsandcollectibles Ouch, yeah then the pain cane run deep then.

@Kingdom_Comics

Ай бұрын

​@@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.

@mightycomicsandcollectibles

Ай бұрын

@@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

@Kingdom_Comics

Ай бұрын

@@mightycomicsandcollectibles Sounds good. I am curious on the reverse.

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

Hey man! If you are a Spider-Man fan why did you sell all this goodness???

@mightycomicsandcollectibles

Ай бұрын

Bought a house at the time. Worst time in my life

@TransformersCollector

Ай бұрын

@@mightycomicsandcollectiblesdang I did the same thing