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Investing in tangible assets
AnkurJ
Posts: 11,370 ✭✭✭✭
Just an example of a comic book, Action Comics #1, first superman.
Sold in 2002:
2002
Same grade (different copy) sold today:
Sold today
Not a bad investment eh?
Any coins perform the same over ten years?
Ankur
Sold in 2002:
2002
Same grade (different copy) sold today:
Sold today
Not a bad investment eh?
Any coins perform the same over ten years?
Ankur
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
0
Comments
<< <i>You didn't state the prices, which would make it a lot easier to follow, jsut two numbers I assume and you didn't provide links just adresses, and I don't have the time to to plug the addresses in, just sayin. >>
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
No Way Out: Stimulus and Money Printing Are the Only Path Left
You don't need to login.
2002 Overstreet 2001 GD 2.0 value = $35,000; FN 6.0 value = $90,000.
Today Overstreet 2011 GD 2.0 value = $90,000; VG 4.0 value = $180,000. CGC census 2/12: 4 in 3.0, 21 higher.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
No Way Out: Stimulus and Money Printing Are the Only Path Left
Last weeks news:
- Single 1961 Playboy pinup
$8k
(Heritage promo from last week)
Today's 'news':
- Man finds 44 of top 100 Golden Age Comics cleaning out his uncle’s estate
Worth about 2$ Million
http://games.yahoo.com/blogs/unplugged/childhood-comic-collection-expected-fetch-2m-200923607.html
Our coin trade is languishing. Our paper trade (ephemera) is doing well!
``https://ebay.us/m/KxolR5
Not a true statement. I can think of many comics that have increased in value and not just due to Americana value.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
/edit to add:
Gold bullion coins weren't far behind, about $400 to $1700.
And finally investing is very easy in hindsight. These kinds of posts are near pointless, even if the op did indeed own the comic or very similar during the time frame. There are big winners (and losers) in almost every category of investments. Of course on the Internet, it tends to be the winners that report, while the losers slink away in silence. If that same comic does nothing in price during the next ten years or goes down 50%, 80% to where it started, no one will come here and tell us.
Some rare earth metals have probably done better. You'd be hard-pressed to find a general group of rare coins that have done as well but there are certainly
specific examples. The most obvious being the 1804 $10 Proof 65 which went from around $500K to $5 MILL. Certainly many low pop moderns have moved up quite
sharply in 10 yrs. But it's pretty hard to beat something that was so available to any of us as good old 90% junk silver. Molybdenum was a hot runner from around 2002 to
2008 appreciating around 15X. Even with a sizeable downturn it's still up 6-7X in the past 10 yrs.
Much of this stuff is the luck of the draw. I got an obscene blacklight Disneyland poster when I was a university student. Apparently it's worth a few hundreds dollars now, if not more.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>"Most comics have lost all of their value and the core of the hobby aside form the blue chips has gone to being a novelty instead of a store of value."
Not a true statement. I can think of many comics that have increased in value and not just due to Americana value. >>
Well if Ankur Said it, it must be true.
<< <i>Not really a fair target for market analysis as that is the pinnacle of that hobby much like the 1804 dollar is in our. Most comics have lost all of their value and the core of the hobby aside form the blue chips has gone to being a novelty instead of a store of value. Blue chip coins have done much better over the past decade with Coins like the 1804 and the truly elite coins have gone multiples higher either by a % base or many multiples on a dollar base. Coins have been strong on their core too where the avg Joe has been able to manifest positive results if not on the elite scale like that. The reason that book is such big money is it crosses over into Americana and not just comic book nerds. >>
WHAT!!!???? Oops...sorry for shouting.
Edit: sorry Crypto...I hadn't read your recant. Hey listen, I'll be happy to show you specific comicbooks, like ones you could buy off Ebay right now, that should keep on moving. I'll even tell you why.
Edit x2: BTW...Ankur, you shared with me some of the books you have. Those specific books are on-track to kick some butt. The reason is because Detective #27 is a rotational leader. It will eventually leapfrog Action #1, just like it has done before. Early Detectives are sleepers waiting for a big jump. Early Actions are double guide value right now because they moved in sympathy with the big jump in Action #1...Detectives will do the same.
Edit x3: Crypto, I just PMed you with a recommendation. A key comicbook priced at 2/3 of what the same book in the same grade sold for a couple months ago. People have died to get this kind of recommendation.
<< <i>Investing the same in silver would have been an 850% increase which is better than the above comic book >>
That's speculation. Precious metals over the long term move with the rate of inflation. Their *REAL* return (less inflation rate) is nearly zero over the long term. Not so with comicbooks, or even coins for that matter. They can be a true investment if properly selected based on demographics and rising interest. Silver can be recycled and it is being pulled out of the ground all the time. The number of a certain date/mintmark of a certain coin is finite, as is the number of 1928 Star $5 note and the number of Action #1s.
Jesus was betrayed for 30 pieces of silver. How much would that be worth today at melt? Maybe $150 in silver value. But what if it was invested? Heck, a pair of underwear from that time period is probably worth more than the silver content of those silver pieces.
What is the return on a silver "investment" purchased in late April? How does that compare to a good coin or comicbook?
You got to have some good knowlege and insight and then get lucky to boot.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>
<< <i>Investing the same in silver would have been an 850% increase which is better than the above comic book >>
That's speculation. Precious metals over the long term move with the rate of inflation. Their *REAL* return (less inflation rate) is nearly zero over the long term. Not so with comicbooks, or even coins for that matter. They can be a true investment if properly selected based on demographics and rising interest. Silver can be recycled and it is being pulled out of the ground all the time. The number of a certain date/mintmark of a certain coin is finite, as is the number of 1928 Star $5 note and the number of Action #1s.
Jesus was betrayed for 30 pieces of silver. How much would that be worth today at melt? Maybe $150 in silver value. But what if it was invested? Heck, a pair of underwear from that time period is probably worth more than the silver content of those silver pieces.
What is the return on a silver "investment" purchased in late April? How does that compare to a good coin or comicbook? >>
Inflation on the $40,000 spent in 2002 on the comic book would be worth significantly less today.
The $40,000 comic is "worth" $300,000 while
Spending $40,000 on silver in 2002 would have been worth $330,000 today
Silver in hindsight won this battle.
And your wrong about those 30 pieces of silver today- check out the SHOSHANA collection that Heritage is auctioning off in 2 weeks. 30 Sela's at $20,000 apiece is $600,000 today!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>The AMR stock i bought a few months ago tanked on me.
You got to have some good knowlege and insight and then get lucky to boot. >>
or being part of congress or senate
<< <i>
<< <i>
<< <i>Investing the same in silver would have been an 850% increase which is better than the above comic book >>
That's speculation. Precious metals over the long term move with the rate of inflation. Their *REAL* return (less inflation rate) is nearly zero over the long term. Not so with comicbooks, or even coins for that matter. They can be a true investment if properly selected based on demographics and rising interest. Silver can be recycled and it is being pulled out of the ground all the time. The number of a certain date/mintmark of a certain coin is finite, as is the number of 1928 Star $5 note and the number of Action #1s.
Jesus was betrayed for 30 pieces of silver. How much would that be worth today at melt? Maybe $150 in silver value. But what if it was invested? Heck, a pair of underwear from that time period is probably worth more than the silver content of those silver pieces.
What is the return on a silver "investment" purchased in late April? How does that compare to a good coin or comicbook? >>
Inflation on the $40,000 spent in 2002 on the comic book would be worth significantly less today.
The $40,000 comic is "worth" $300,000 while
Spending $40,000 on silver in 2002 would have been worth $330,000 today
Silver in hindsight won this battle.
And your wrong about those 30 pieces of silver today- check out the SHOSHANA collection that Heritage is auctioning off in 2 weeks. 30 Sela's at $20,000 apiece is $600,000 today! >>
Those 30 pieces of silver have value because of numismatic value. I said melt. Silver itself is a poor investment because it just keeps up with inflation over the long term. We're in the middle of (or perhaps even on the downside of) a multi-year bubble.
Also, in 1984, I wrote a paper in college about why comic books are a good investment. I even mentioned Action #1 specifically. I wish to God I had followed my own advice. I tried to get together some investors in the 90's but I couldn't raise the funds. I could see it a mile away what was going to happen (edit: thats why I call it an investment...it could be predicted) FWIW, I didn't predict Silver though I bought Gold at $800 and told all my friends to do the same.
You put your money into silver. I'll put mine into comics, or coins, or currency, and in 10 years, I'll be on top.
Steve
<< <i>Just to clarify, we are talking about collectible tangible assets. I am not comparing this to Precious metals. Frankly, the comic market is MUCH more stable than Precious metals will ever be. >>
Gold only has a 5000 year history as a store of value. Gold is the original tangible asset.
More stable? I'll let the readers decide for themselves.
<< <i>
<< <i>Just to clarify, we are talking about collectible tangible assets. I am not comparing this to Precious metals. Frankly, the comic market is MUCH more stable than Precious metals will ever be. >>
Gold only has a 5000 year history as a store of value. Gold is the original tangible asset.
More stable? I'll let the readers decide for themselves. >>
RedTiger haven't you heard of a certain very populous nation where the saying goes "No comic books, no wedding?"
"Inspiration exists, but it has to find you working" Pablo Picasso
Ankur,
This is the most outlandish statement i have seen in a while.....what on earth do you base this on?
www.brunkauctions.com
<< <i>
<< <i>Just to clarify, we are talking about collectible tangible assets. I am not comparing this to Precious metals. Frankly, the comic market is MUCH more stable than Precious metals will ever be. >>
Gold only has a 5000 year history as a store of value. Gold is the original tangible asset.
More stable? I'll let the readers decide for themselves. >>
Comics are more stable than precious metals will ever be? I'm sorry... that's silly.
Next to land, gold is one of the oldest and most dependable stores of wealth. Certainly prices have fluctuated dramatically, but compared to fluctuations seen in collectibles markets they are considerably more stable. Gold is an incredibly liquid, universal wealth that will always carry value, barring an utterly apocolyptic global catastrophe.
Throughout the history of modern-global and pre-modern European, Asiatic and North-African civilization, gold has represented money and power. Comics, on the contrary, represent a growing market fed by wealthy baby boomers who participated in a cultural interest. If you think the latter represents more stability than the former, then you should consult a philatelist.
I wonder why I can't use issues of Spawn in my 401(k)??
.....in his defense, Ankur was following the sage advice of his investment advisors:
www.brunkauctions.com
drivel
Don't misinterpret me. I love coins. But I'm not going to bury my head in the sand about the potential for other collectibles. Wanna know something? I also think currency will outperform coins over the next decade. Why? The average collector is 10 years younger than coin collectors and comparably as affluent.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Texas
<< <i>Forget Gold and Coin!
Last weeks news:
- Single 1961 Playboy pinup
$8k
(Heritage promo from last week)
Today's 'news':
- Man finds 44 of top 100 Golden Age Comics cleaning out his uncle’s estate
Worth about 2$ Million
http://games.yahoo.com/blogs/unplugged/childhood-comic-collection-expected-fetch-2m-200923607.html
Our coin trade is languishing. Our paper trade (ephemera) is doing well! >>
Just kills me.
My dad was born in '31. He had a huge comic and baseball card collection which was assembled from from '38 to about '46. He had the good ones. My grandmother threw them all out while my dad was in korea. I can only imagine what they'd be worth today. I'll have to show him this thread.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I'd say drawing comparisons on Action 1 performance is akin to tracking the performance of things like gem '27-D $20s and 1804 dollars; truly represents the cream of the crop. There are many averagely available comics that have gone up, but not as spectacularly, and some that have gone down. Trends and tastes change. Overall I'd agree it would have been much easier for the average joe to see a nice return with basic bullion gold and silver over the past ten years; as things like '27-D $20s and Action 1's haven't been "cheap" for literally decades, and I never would have had the chance to afford examples.
Nothing can be set in stone and no one can predict winners 100% of the time; those who bought gold and silver at '79-80 peaks may well have broken even and done better now, but had quite a few years of patience required. For real estate there is of course peaks and valleys and timing will play a big part (tho that's drifting away from collectibles.) There are comics that used to be considered more or equally important to Action 1 and Detective 27 (1st Supes and Bats, respectively) but have since fallen behind, though they are still rare and desireable (marvel comics 1, the 1st Marvel comic that that company produced in 1939 and introduced the Human Torch and the Sub-Mariner comes first to mind.) An investment in Marvel 1 some 20 years ago has paled in comparison to the returns Action 1 and Detective 27 have offered. As well, cover collecting has come strongly into vogue, and a key appealing cover (but with average story content) now tends to outshine issues famous for their stories, but with average covers. Detective 31 being a prime example of a classic Batman cover. And let us not forget Amazing Fantasy #15, the first appearance of Spiderman, available in 1962 for 12 cents, a dead mint copy recently sold for $1 million. Average VG, well-read copies are generally offered at 4-5,000 nowadays. Of course, neither of my older brothers sought to buy one.
I would point out to those drawing comparisons between comics and stamps, you are barking up the correct tree only in that they are both composed of paper. So too are precious historic documents like copies of the US Constitution.
Mickey Mantle and other stars of the '50s, 40s, 30s and before -- superstars and high grades (and low grades too, for that matter) continue to do well. Even though he's gone, Mantle is not forgotten. Mays is still around, as is Aaron, and strangely-named folk like Ruth, Cobb, Mathewson, Speaker and the like remain very well-known. Those little bits of paper continue to hold their interest and value quite well -- pop on over to the PSA section of these message boards if you're at all curious. At least my older brother managed to keep his cards, many of which were fairly nice, and included the random Mantle -- but being a more or less typical kid, none of his cards would grade much better than a PSA 6.
Coins, Comics, Baseball cards and even the occasional Stamp -- I refuse to choose, I like and value them all, each in their way. And since not a few people may consider stamps an unworthy pursuit (as far as monetary gain, anyway) they can feel free to send my way any funny-looking 24cent 1918 airmail examples with the airplane flying upside down -- I'd really appreciate it!