Huge Risk With CGC Comic! Collector Lost $1,500!
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- Опубліковано 18 вер 2024
- #cgc #comics #comicmarket #mcu
There’s a huge risk to resubmitting your comic for a new case and one unfortunate collector just learned that lesson.
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If CGC drops the grade on a reholder request, they're admitting they were wrong the first time they graded it. So much for their 'Guarantee'.
Nice Video, Ryan. Personally I would never send in a 9.9 or a 9.8 for recasting and run the risk of getting a lower grade.
Cgc won't stop with this kind of crap until they're hit with a serious lawsuit
That's messed up - you can't move the goalposts like that, especially while CGC's grading standards themselves have changed over the years. They should just be checking for issues like inner well swapped or book damage, not completely regrading with whatever standards are in vogue; today they're hitting shadows and tanning hard, maybe tomorrow they'll hit stains harder or writing harder. I hope that Comic Link Transformers #1 9.9 never needs a reholder, with its slight miswrap and manufacturing errors top of back cover.
Exactly my thought as I watched this. If you send a book in for reholder - so long as the inner well isn't damaged, it should get the same grade. OR, like they did for @Stickygoose, replace the book. I'm so done with encapsulation.
Great points. Per CGC "The grade assigned to the book should not change, unless any damage occurred post-encapsulation, in which case the grade will be adjusted accordingly." If we keep this in mind, a dust shadow just at the bottom edge was likely there before it was initially slabbed. It wasn't a 9.9 to begin with, but should not have been regraded because the defect would have likely not formed post-encapsulation.
If you tape a large bill to the old case, you are guaranteed a higher grade.
Sun fading is the culprit. Never buy a book in an old holder if the grade isn’t really dark black. A greyed-out grade means the book was displayed and got UV damage.
i don't think a 9.8 should have a dust shadow either.
That sucks! I have the only two graded 9.8's on the census of a very low print comic of a very popular character. There's no freaking way I'm sending in either of them to get reholdered, for a flashy new label, a scratch on the case, nothing! I'll live with any cosmetic issues that come about on the cases.
I have a 9.8 X-Men #137 signed by Chris Claremont and John Byrne in a CGC green label. Byrne hasn't signed much if anything for decades and is retired now. I'd love to get it verified by JSA for the yellow label - but no way I'm risking it. I'm convinced it's their signatures - good enough for me.
@@nixknacks-comics That’s awesome! Yeah, I feel you on that for sure!
At this point, I would not send ANYTHING in to CGC. The last time I did they sent me back several damaged books in bent inner wells, plus scratches on the outside of some of the cases to add insult to injury.
Thanks for posting this content. It's vital to know the market trends and shifts as 'us' collectors do have a lot at risk.
Case in point, I have 3 CGC 9.8 signature series books which are pretty rare. In total I think there only exists 3 total, and it's of a rare signature.
Long story short, they are all in the old case, and I wanted to get them reholdered... but my instincts told me, now with this whole 'reholder gate' or whatever they are calling it, I knew in my gut that CGC is now going to hammer down on resubs to avoid another incident.
I don't know if my 9.8s are true 9.8s, I think so? But it's now a gamble, when a reholder should be, a reholder. I love the new custom labels, but I do not want to risk a grade drop on these signature books for a stupid label.
Sad.
The owner should go to cgc about this. My friend had an AF 15 drop half a grade when he got a Stan Lee sig added. He complained and got his old grade reinstated. That's what this person should do. And then sell it and get as much money back as they can.
Leave well enough alone! Good enough is good enough!
I completely agree with the thought that if you get a book back from CGC and it's a 9.9 don't ever send it back. As for the book itself, DD #182 is not a key but someone bought it because of the grade. That book was never worth $1680.
A classic case of buy the book, not the grade.
Two things to consider: you definitely do not what to send a high grade book to get a newer slab and run the risk of a lower grade, also there’s no guarantee the slab you purchased isn’t the same grade indicated. It’s safer to purchase a raw book for way Less the price.
I also agree with the other comments about not sending in a 9.9 for any reason. I have two 9.9s; one has a spelling errors and the other has some light scuffing on the inner well of the back cover. I'm not willing to risk a downgrade to 9.8 by sending them in for re-holdering. I can live with the spelling error and light scuffing.
How does dust shadow on the full bottom of a book even get a 9.8?
There are plenty of books with dust shadows with 9.8s. That’s not new.
CGC has lost their way. How many of these occurrences is the spending public ready to overlook?
Full disclosure, 99% of my PC is raw, and I’ve never understood the affection for slabbing, outside of investment considerations (and I’m definitely a collector, not an investor).
Thank you for the follow-up video and for helping being a resource that teach and improved the community. sorry for being one of the knuckleheads regarding the cert# in the comments of the last video lol.
Thanks for watching, and no, it’s cool seeing people go look into this stuff more after the videos 👍.
CGC keeps shooting themselves in the foot when they should be stepping up knowing psa is on the horizon. Idk why anyone would submit to CGC at the moment
Because the PSA label is ugly? PSA is not stopping me from submitting to CGC in any way. My most recent submission received (about 5 weeks ago) had 0 bends in the inner wells. Not sure why everyone else seems to be getting them, but I've not.
Ooooouch! Someone got heartburn. Bummer. I am seeing loads more people online going "Aaahhh, what happened!" Pressers scratching their heads or resellers going SHIT. For my part, I'll stick with the case they came in. Folks are just diluting themselves into thinking that every book crossing their hands is a diamond in the rough. Like Mephisto in Wanda Vision, look, in the flower, is that a 7.5 looking to be a 9.8? CGC slabbed them in plastic that may or may not survive if exposed to light, air, dust, sound... live with it. Place them in a mylar sleave, they look nicer and last longer. Though, they did raise the value of the now lone 9.9. So, someone again smiling all the way to the bank.
Hey Ryan, it’s always a gamble when you send the book back even if it’s pressed and cleaned. There is a chance you might get very pissed off when you get the grade.. my friend that goes to all the local comic con‘s with me he sent daredevil 168, 9.8 back to CGC and got the book signed. I’m not sure if it was Frank Miller or Stan Lee and it came back 9.6, which brought the value down considerably, he was so angry he took the book and flung it against his wall.🤯🤯🤯
CGC is losing money on people refraining from sending in reholder orders. They make almost as much money as grading, and with a custom label it’s about equal. You’ll see them all of a sudden make a change to combat this, and put a seal/engraving on the inner well to note the grade. Once they are sure the comic hasn’t been swiped as it had been with the reholder scandal, they won’t be regrading it.
Reholding, changing grades, it all seems to me that it is just an way for CGC to get money after money . This change in grades affects the investor market, almost as pumping drugs on an athlete letting the other runners behind. Sooner or later investors will rise their voice.
The integrity, the grading practices this company has shown over the last few years is disappointing. The fact people are still sending books in is bananas. They need to be held accountable but as long as books get sent in, Matt will just keep laughing and taking your money
I sent in a book that was a cgc 9.6 for a me to get it reholdered after I had it graded and it came back a cgc 9.8. Since this whole cgc scam of the reholdering they are taking a closer look at books and I believe that was the reason it got up graded. It was a perfect copy and pro5should have gotten a 9.8 to begin with. It was a modern book. I habe pics of it as a 9.6 and then a 9.8 when it returned.
Why isn’t old cases and labels not consider collectible too? Is it not history too? We definitely need to change the way we buys slabs.
Thank you; I was actually wondering that too. LOL Personal reason though; my GSX 1 still has the old red "Modern" label back from the first 3-4 years of CGC.
I would be mad, no doubt. The whole grading process is a risk to begin with, so I would never submit such a rare book without considering the loss risk of a lower grade.
I took a .5 hit on Silver Surfer number four after having it signed by Stan Lee. It went from a 7.0 to a 6.5. Never, ever in 30 years of collecting, have I gotten an increase on a grade.
I've sent many books in to get recased and received the same grade. This was when CGC was just recasing and not regrading then book. I have had books resubmitted in an attempt to get a higher grade, I had far more books that got higher grades than received lower grades.
Happened to me, unfortunately, right after the CGC reholdering scam. Bought a Spider-Man 2099 CBCS 9.9 off heritage for a great price at $600, sent it in for reholder service and they told me they noticed the book should have been a 9.6, they pressed it and got it to a 9.8. I was livid, threw it all over and couple community YTers ran stories on it. CBCS finally called me back and refunded me the $600. They should have called me and asked me what I wanted to do, before deciding to crack it and press my book. I think this should also apply across the board, call the owner and ask them what they want to do is the right way to go about it. Of course happened to me during a time when they decided to have more scrutiny about reholder process. Now I will never send for reholder service.
I think they did know what you wanted to do. You submitted the book to be reholdered. The CBCS 9.9 was your gift.
@@jabezcreedexactly! This guy on here throwing a fit in the comment section, that he sent it in for reholder, they opened it for reholder, now he's mad at them for doing exactly what he asked them to. Hmmm maybe you shouldn't have spent $600 on a label, versus what condition the book really is.
This is why 9.9 and 10 should not have started.
I'm starting to agree, I'm buying fewer comics lately because it's really hard to predict where the 9.9 craze could be heading. Are we going to start seeing silver age 9.9s when collectors pass on , and their well-kept temperature controlled high grade raw file copies with 12 cent covers finally get graded by today's standards, and there are some 9.9s (with one spine tic) in the pile? There aren't any silver age Richie Rich comics at 9.9 for example, but could that change as the grading winds change?
@@kioskshaman exactly!
9.9 and 10 should totally always be a thing, a 9.8 is not a 10 even though it was treated that way for a very long time but a 9.8 is not a 10. The issue is with the graders and the company policies. If the shadow thing was the ONLY bad thing about the book then it should still be a 9.9, how many "bad things" does a book need to have per points? The company ceo says a book can have 2 "bad things" that are not manufacturer defects and still be a 9.8... The points scale isn't the problem, the problem is consistency in CGC, them giving a fuck and training their graders properly.
@@RACALDERONR and therein lies the problem. For years a 9.8 was the highest standard. Now they’re going to decide a 9.9 and 10 is a thing.
But do you want to risk sending in a 9.8 from seven years ago?
If it’s been sitting on display or whatever for those seven years, if you send them in, it should come back at 10. But as you said with consistency, it could come back the same grade or lower.
@@DW3010 Exactly. I've been thinking about the serious collectors who put together collections for the CGC registry, when 9.8 was the top grade. They spent thousands of dollars, not to mention time on expensive books with the understanding that 9.8 was the cream of the crop. Now flash forward to today, where Matt Nelson admits that in the past, "they weren't really looking for 9,9s, there could be some out there in 9.8 cases" Many registry collections could be upended over time by these new grading standards.
This is NOTHING NEW.
CGC DO NOT Gaurantee any grade once the book has left thier facilities.
Its in thier T&Cs. Has ALWAYS been in thier T&Cs.
CGC release a new case and the OCD/completists NOW NEED all the run in the new case. So we now have the reverse of CPR.
CGC is a sham. Its stanglehold on the hobby has only been due to a PERCIEVED greater value on the secondary market.
We even had folk buying other grading companies books, cracking them and getting a better CGC grade.
And as for the 9.9s
If any 9.8 comes back as a 9.9
Then it was ALWAYS 9.9
So CGC DELIBERATELY undergraded the book because THEY would only give a 9.8 at thextime of submission.
But now that the world and hobby is in the crapper, low and behold.... CGC will now grade to the full scale.
And make you pay again to have your 9.9 thats graded as a 9.8 have its proper grade.
SCAM SCAM SCAM SCAM SCAM SCAM
its a shite company. Always has been a shite company, and now that CGC is largely owned by an investment company.
All they'll want is MORE money for the shareholders.
So if you think they were bad before. Well your in for a shock.
And lets not start on all the thefts from CGC and the back street reholdering & replacing of books. Hi mark jewelers.
Im a collector of 50 0dd years, have been warning of implosion of cased graded books for years. Its still looming in the background. I believe that whats already in the public domain is only the rip of the iceberg.
Lastly. CGCs flup/flop over signatures. They would never grade my books, we dont authenticate, we'll write unknown writing on your banner.
Devalue my book, not in a monetarily sence, but a devaluation of me. My decades of attending comic cons. Chatting to artists & writers. Having these heros. Yes, i said heros, sit and chat and draw something. FOR YOU. Sign your books. Memories that can never be replaced.
But CGC.... if we can't have it signed here it aint no signature. Oh and give us another $100 for the privilege of never seeing the creator.
Oh and by the way. We fcyked ya book up but aint taking no blame. Check our T&Cs you moron.
RE: implosion of graded books - I can't see that happening. Pandora's box has been opened.
Buy the book not the grade
If this happened to me, I would probably end up leaving the hobby. That is a huge loss of value. Also, why aren't the cases UV-protected? Does anyone know if CBCS slabs are UV-protected?
I don't think either are, but PSA supposedly will be. Several other third party companies provide some UV protection solutions, too.
Would you risk sending in a cbcs 9.8 to cgc?
Not me.
Your analysis and monitoring of the grading trends is invaluable to the community.
Good video, but what about 9.8’s that have come back from CGC with bends going on inside the case? Send back to CGC for re-hollering and risk losing the 9.8, or (when the day comes) sell it as is as a 9.8 and let the next owner deal with it? Risk in dropping a grade vs comic book community ethics - could you possibly address this as a continuation of this insightful video?
I actually did a video on the bending maybe like 3-4 weeks ago if you want to check that one out. My main takeaway is I wouldn’t send books in for grading at all right now until that’s resolved.
Ryan, I did look back at your videos (I have been watching in order lately), and saw the other huge loss, new 9.9s, Heritage/Comic Link stuff, and the new tips. But not the one you referred to. Could you tell me which one exactly? And this is a question specifically about receiving some recently graded 9.8 comics from CGC that were intended to sell, but I see some bending going on inside, not let creating spine ticks. What do you think is the ‘right’ thing to do: wait and see if CGC will do an all call to return these affected cases and possibly lost the grade, or sell it to the next person for them to deal with, knowing at least it Is still a 9.8? Thank you for the reply btw- really enjoy your comic videos.
Cgc is in greedy mode … the best way to collect is to keep your book raw. Period… 🫤