I LOST THOUSANDS Selling Comic Books From My Collection
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- Опубліковано 26 тра 2024
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I always collect at a loss. Thinking my hobby is some type of investment or that “it supports itself” takes the fun out of it and undermines my true motivation.
If you're buying comics as an Investment you have to be in it long term. 😮
That's what I'm thinking...🤔 In 10 or 15 years just with inflation alone they should go back up a bit. And I think all these kids who grew up watching the MCU & DC movies will one day be hard spending adults like us now & they'll want these books in 10 or 15 maybe 20 years.
Sure, we all make mistakes when investing. To defend selling at a loss there is a value to having cash now than it all being tied up in something you don’t believe in. Personally, all these X-Men comics Im holding just because I love em. But I’ve sold other X-Men comics I care less about so I could buy something else I love more with the money. If I didn’t love holding them and every time I looked at them they reminded me of my mistakes I’d rather just sell em at a loss.
@@dansxmencomicsYou’ve raised some good and interesting points. 🧠
I find deals all the time. Prices that I can make 100% profit right away. I’d rather not say which character makes this easy. As far as the first appearances, those are more long term. So many copies available to buy with those, I don’t care much for them because of that
Why are you investing in comics. You buy comics to collect and enjoy not to invest. Invest in stocks. Heck I’ll give you a stock that is at about $105 in 5 years will be $300-500. It’s VRT buy it. But first do your research on it. I have a junk of money it.
If it's about financial gain, switch to shares, dude. Comic flipping is fun, but it is not serious income unless you buy and hold for life.
I think if SG did the same thing on the market he'd be underwater fast.
Sobering. I’ve stopped investing in comics (no graded books) and buy them merely as inexpensive, non-electric entertainment and inspiration for my own cheap comics.
Sorry for the monetary losses you’re having to endure, but I do thank you for still loving and talking about this still great medium.
Sounds like you had to pay a bunch of money to learn some lessons about timing. You bought high & sold low. Plain & simple. Did you need the $$$? If you did, you shouldn't spend your money on comic books anymore. I know everybody has heard this, but I cannot tell if you are blaming yourself or the comic book collecting market in this video. Also, you seem to buy a bunch of books out of FOMO, thinking you were going to cash in and make some $$$. That Blade book is a perfect example. The MCU is dead & I would not spec on any of it. Unless you are prepared to loose your shirt, always buy what you like & what you want to keep. You will stay happy!
Why sell them and not just wait?
So you bought the Hulk 181 at the absolutely wrong time, and then you sold it at the wrong time? Sounds to me like you doubled down on a mistake. As others have said, why not just hold it long-term?
Hold and the prices will go back up. Long term. You only lose when you sell, low.
Mr. Goose, this is your best video yet. I appreciate the transparency and wish you well as you transition to a new phase of collecting. I enjoy digital comics, which showcase penciling, inking and coloring in a way that floppies cannot. High-quality facsimiles of grails are satisfying to collect and read with none of the heartburn that comes from a fluctuating market.
But for me I read and collect. So makes no difference for me. The hunt is fun, reading them is fun, looking at them is fun. Just enjoy the hobby. Glad you’re enjoying reading more
Thanks for your candor in sharing your cautionary tale. I'm 59 years old. Although I haven't begun selling (yet), I know the day is coming. No one in my family cares about my comic collection, which I think is nice (at least to me), so it's a lonely hobby for me. I don't really have time to "participate in the community" (other than postings like this one), so again...lonely when the only person who politely listens to the lore and looks at the comic is my wife. I recently purchased one of my all-time goals, a GSXM #1 CGC 9.4 OW/W yet does not have that hideous yellowish blob center to the front cover, beautiful wrap, presents great...amazingly sharp 9.4, and...well, was it worth $6,900 in the grand scheme of things? I'm dealing with some remorse. At least I didn't buy it 3 years ago...
You sold a Hulk 181 but you want another Hulk 181???? But you had one......
I lost thousands and on that 181 please sir can I have another 🤣
plus 'it's not a rare book' - this is a super fan !
Sometimes you're up, sometimes you're down... I got into comics because I liked the art and stories as a kid. It became an additional benefit that some of them turned into thousands of$$$$
You say 'lost thousands', but there are fluctuations in the market and it's a speculative per each person.
People, sometimes you have to sit on a book for years.
There are certain books I would never buy because the hype around them and they are not rare enough. Hulk 181, Spiderman 129, and Giant Size X-Men #1, Ultimate Fallout 4, Spiderman 300, etc. Influencers, FOMO, and stimulus are all to blame. Spend wisely friends.
I have the 1st three you mentioned😂😅😂
Those aren't "hype" books.. they're major keys. The problem is collecting thinking it's an investment. Real, long term collectors know better.
I have the first 3 books you mentioned. I bought them because I love them.
The comic boom and decline was an unusual event. Probably won't happen again for a long time. Because of the market correction, this is a very good time to buy. This is not the time to sell.
Why did you sell all these books? Unless you need the money, just sit on them. Over time, you might not make money, but you shouldn't lose money.
Sticky, thank you for being genuine, sincere, and honest when admitting your losses. We’ve all made less-than perfect choices in our lives and have taken hits and losses. You wouldn’t know that judging by how people present themselves on the internet - but it is true.
People sometimes need to reminded that they aren’t perfect and that it’s okay to make a mistake and own up to it, to accept it, and to even talk about it if they choose. That’s why I appreciate you making this video.
🙌🔽
Ouch!, sorry to hear that Sticky, losing comic money & value is no fun for anyone. When I got back into comics, I decided that the most I'd ever spend on a single comic book is $30.00, and I stick to that. If I really want the story, I'll buy a lower grade, a trade paperback, or a H/C to keep and read. It keeps the hobby fun for me.
Nice and honest video especially at the end where you talk about getting the rush then wanting to move onto the next one. I’ve been condensing my collection as well and only keeping the keys I really want as well.
Sticky Goose,you should never have sold your Hulk#181 cause that is the holy grail of the bronze age along with AMS#129.
If you don’t sell the books you don’t take a lose!
Great and honest video! As I get older the combination of a few special issues (graded and not graded) and omnibus/tpb's I can read time and time again is getting more appealing.
The irony is that as the cost of key issues is high (for collecting and always second hand) the cost of omnibus and TPB's/graphic novels (for reading) is coming down if you don't mind buying second hand.
Omnibus and TPBs are timeless... Some stories never get old
If you take bigger swings you have to live with bigger losses. Where I make the biggest percentage of profit is dollar bin books - buy for 1 sell for 2. Where I have seen astronomical appreciation is the stuff I bought for $50 or $100 bucks 20 years ago (Spider-Man #5 - 3.0). But the most interesting take-away from this video is that grading and selling fees made up a decent chunk of the losses on these books. Sounds like what I've always suspected - the most profitable way to sell comics is to do it in person and raw.
I agree that you get the best % investment on selling $1 comics for $2 but DAMN it’s a lot of work.
I think getting into the market now when it’s down, long term people will probably do better.
You sold your HULK 181?!?!? NO WAY!!!
I have a 2.5 & another 2.5 recently sold for $500 less than I paid for mine!
My question is why sell those huge keys if you not you're going to take a huge hit? If it's not out of necesity I wouldn't be selling. I've never been a fan of slabs myself and I can see if you're unloading to buy books to read ( novels etc) but selling grails, major keys for reading material ? I would just keep them. There's a good chance down the line you will regret this.Btw, thank you for pumping out multiple videos a week . I look foward to them.
From a hypothetical investment standpoint one could sell at a loss on one item to move the money into another item that has a better potential to increase in value. From an enjoyment standpoint, if you don’t enjoy what you have and would rather use the money for something you enjoy more that makes sense too.
I hear you though, it feels unnatural to sell anything at a loss. That’s why it hurts so bad. In the long run time will tell if it was the right move financially or otherwise.
Your content is superb mate. I'm currently going through my collection of 30,000 books, accumulated over 40 years. I've never sold and never speculated (got the odd extra copy of a new release at most), it was just a passion (albeit with some crazy completionism included). I've fished out the keys and will sell the rest as runs. Working through it, I believe I have unintentionally made a sizeable profit. Mainly because I accumulated a lot of silver and bronze age books over time without knowing they would increase (many in the early 2000's). I have a lot of junk that I paid $5 a book or less for that is probably worth the same now, and that is easy drowned out by the price growth in many titles. Even with the keys set aside, the remaining silver and bronze runs are worth a lot. Probably a terrible time to sell but what can ya do!
Problem is the money spent needs to be expendable Your Comic money should remain Comic money. Market is down you sell your Comics for less but the other Comics you want are now less also so it is the same relatively.
I've always wondered how on earth someone could own all the types of books you mentioned. Now I understand. most people are just losing their asses. And I mean that in the most respectful way I can say it, not as a jab. You said this was a cautionary tale. Well, I'm glad you told us your story, because I would obsess over wanting these grails.. but the truth is, most people are losing money to have them. Thier are smaller keys out there that I can track down and own for penny's on the dollar, I need to just collect what I can afford.
Everyone who thinks they're going to get rich off of comic books needs to see this video, this is much more realistic than the cherry picked wins a lot of others show off.
Yes, there are some books I've sold that I have taken a loss on, but others that I have gained on. The more expensive books I've purchased are long term buy and hold because I just like them and want to have them. Only way I'd sell is if I'm upgrading (about to do this with my silver surfer #1). This is a lot like the stock market - if you buy junk and try to flip for profit, you're going to end up losing. Those who buy quality over the long term will come out ahead.
Thanks for the honest assessment of your collecting journey. And yeah, believe me, youre not alone in those big loses. I also just sold a Hulk 181. Like you, i bought it at the absolute worst time and just kept seeing the value drop and drop. I ended up losing about about $2600 on it. It was an 8.0 i paid 7k for. Very sobering and it really makes me question my future buying habits.
It definitely is a totally different experience between reading a raw book and just looking at the cover on a slab. The slabs are great to have , but the joy is in the reading.
I bought an ASM 129 CGC 8.0 at the peak of the comic boom for $3,500. A couple years later I needed cash and sold it for $2,000. I still want to get that book back, but will have to wait til the time and money are right.
I'm a big graphic novels guy too... I feel you brother. But I also enjoy the collecting of single issues... spend quite a bit of time reading and looking at both.
Hang in there! I personally just stick to omnibus and absolute… I sold most of my comics at 50 cents each :,(
That money was tied up in a sinking ship, you probably did the right thing
Great video. Makes me feel a little better regarding some of the bad purchases I've made over the years. I now try to consider comic book collecting as a fun distraction rather than an investment. These days, I also consider my family when collecting. I want to minimize the comics that my kids will be stuck with and try to collect stuff that I like and have lasting value.
I stopped buying books 2022 because prices were so crazy. Bought a few spec books earlier in the year then I reassessed my reasoning for collecting and took a few years off. I’m glad I did. Thanks for sharing
I’am curious as to why you sold them?
Because he panicked like so many others when the loss got too great. Which is why these kind of dumping is what causes uncertainty in the market. With a big slash in a pond by throwing that rock others will feel it
I found your UA-cam channel last weekend on a drive across Kentucky back to West Virginia. I have a small collection of long boxes that I’d like to see move on to a better home where they could be enjoyed.
Interested in suggestions on the best way to try to get fair value for the collection without the effort of listing several hundred books individually or in small lots on the sales site like eBay.
Is that looking for the well respected comic book store, private seller, taking them to convention? I appreciate your thoughts.
Really enjoyed several of your videos. Good stuff!
That’s the cool thing about comics, so many ways to collect and enjoy. Sorry bout your losses sticky, I’m sure hard decision to make. Thanks for sharing your story, it was interesting.
I keep collecting in up markets and down. Market timing is usually a losing proposition.
You mentioned "fees" a lot in this video. Which selling platform did you use to sell? Thanks for a great video!
Hey, I think I saw you and Pop at ComicCon in Charlotte!
Man your bang on again , about that high when a comic is about to arrive and then it’s gone soon after .. iv spent a pile of money on keys but now I’m really trying hard to not buy and just watch the market for the next 10 to 20 years unless Iv come up on some supper hard times ,, I’ll hold for as long as possible , maybe hand down to kids 🤷♂️
Best video yet to make people comprehend the highs and lows of comic book collecting.
Warrior magazine #1 . Mycomicshop texas has a few cgc'd copies. As too the hits you've taken on keys, it happens. I'm more cautious as to what i buy now. I'm in for the long game, my ultimate aim is amf #15, asm #1 then out. My next few buys are jim #83 and 93 issues of xmen. I have the time to buy here and there, no need to rush. Only ever sold 2 comics in over 30+ yrs of collecting, and they were to help out another guy complete a run. Time and patience are key to profit.
1000%! This is all just paper that we have all decided to assign a value to -> The next generation could just as easily decide that its all worthless and send the books to a recycling center!
Find something you actually enjoy reading, treat yourself to a special piece (a signed/slabbed key, etc) and don't expect anything other than your own personal enjoyment
very sorry to hear of your losses - but at least a plus is being able to tell us about it and help us to not to make similar mistakes!
What were the CGC grades on these?
It is brave of you to share your losses. Thanks for your content!
I guess I'm lucky in that I bought all these comic for cover price, but not for an investment. I liked comics.
Definitely understand wanting to sell your comics as selling them fits your current lifestyle, however you cannot say that the comics will not appreciate over time. Demand and Supply fluctuate. In 10 years no one knows what sort of value will be on those keys. Most key comics have obviously appreciated over time.
I'm kind of the same way when it comes to down sizing my comic collection too. I have not bought a high end comic like the ones you have talked about.
This was a very good transparent video.. I think when you first get into the hobby it’s thru an investment lens so I’ve def lost money on books.. but I always felt the search for books at their FMV price was where the fun is at.. please just stop saying books aren’t rare.. they aren’t limited to 600 print runs but they are no longer in production.. the more kids and young adults see value in the hobby, the rarer that book becomes..
Daniel. I hear you. I think we all go through that throughout the journey of collecting. I wonder if you are going through a little bit of burnout. Maybe not. But I think sometimes making a bit of a partial clean sweep helps you get a different outlet ok on things. Also hunting for different stuff can be fun. And passing on your treasures to other people makes you feel good when you see how happy they are with their new treasures. Sounds like you are keeping the things you really like which is good and …. You didn’t sell your dad’s wars books. Take care. Jess
This makes me feel better on the books have bought and sold… definitely more losses than wins
Sorry to hear you’ve lost money but more importantly the excitement in buying. I do understand it though. For me it is a little down to the internet buying side of things. Yes you get a better price but you loose that memory or connection as you would at a convention.
I share your pain. These have been some tough books to own.
Hmmm, thanks for the realistic take. Yeah man, some times we get hurt real bad in this hobby. But don't worry, we learn from these events.
I def get the Dopamin hit. I have reached the point where I will only buy if its a special deal. So there is lots of waiting......
❤keep em coming
Completely get this!
I hope you at least deduct these losses on your taxes, small comfort but it’s worth it!
I answered an ad for a guy buying comics, and he cherry picked all my good books, including Ghost Rider #1 and Marvel Spotlight #6 for $70!! I still kick myself to this day....
people who bought during the Pandemic or have been buying because of the hype for MCU films did it wrong. Those prices were never going to stay that high and the MCU is a sinking ship and prices will never go back up like that, atleast not for another decade or so from normal value increases.
But alot of the boots he showed like hulk 181 and NM 98 were books that were just pumped up by youtubers and such. That should never have gotten that way as those books were so widely produced. You can literally find them all the time at cons. Vs books like JIM 83 or Tos 39 that you dont see very often in any grade. I myself have always found it better to buy what you like and if you loose some money when you upgrade that is just part of it. But if your doing investments, then you are better off holding those books for many years till they increase in value over time.
'giant size xmen 1, is not rare' - yet the value is super high ?!
I sold my spawn 228 sketch cover signed by Todd. I sold it for $1150 and I regret it because I want the book back and I can’t find it anywhere.
If you’re in it for just the financial gain…you’re in it for the wrong reasons. I get your point you could lose money…but if that’s your stance…you never enjoyed the books to begin with. I get it…they are investments and no one likes to lose money…but I don’t really ever sell or key chase. I just buy what I like, covers, pedigrees, character keys I like.
If I sold them for a loss…such is life. Not many thing you buy holds its value.
Some of those should’ve been long-term holds. (Hulk 181). In comics you lose money when you sell, depending on when you decide to sell. What you have essentially done is turn the idea that you’ve lost money on certain books into a reality by panic selling.
What Grades are these books you've sold? You aren't mentioning them.
This is why I got into Original Art. I'm glad I found that facet of the hobby.
Im not sure if drug addicts keep up with what they spend.. and comic book collectors shouldnt either 😂
You bought every hyped book when they were hyped. That can be ok as long as you don't hold them.
I'm currently unloading my X-Men books, X-Men 1, Hulk 181, GSX 1, etc. I have no faith in the MCU and the days of the MCU spiking value of books is long gone. These books aren't rare and aren't worth holding on to long term.
Yeah Xmen is everywhere. Collecting them is not as special for me because although the writing was very good at the time, the art is that commercialized Marvel house style from Cockrum and Byrne which doesn't appeal to me.
History repeats itself, the market is crashing again, sad to say but the bubble is popping on people holding "key" books.especially in the everything is a key market
Just wait until Chuck Rozanski passes away, and they dump his collection on the open market. Prices will tank. 😂
You can't buy comics as an investment in this market. People who bought books during the comic boom or even after it will lose money if they sell now. Why someone would buy key comics in this market and sell them relatively soon after it is beyond me. Maybe they like losing money like you? Unless you desperately need the money, don't sell your key comics!
🤘🖖
Common as hell story.
I think anyone who has bought comics in the past few years is hurting now. I would rather see you sell your smaller keys and come up with a list of books and grades that you want to keep. I've tried keeping my collection down ~50 slabs max. It keeps things simple and easy to manage.
Why did you sell these books? You chose to sell them during an economic downturn. This is like owning Carnival Cruise stock and deciding to sell it the day after a ship disaster. Honestly if you are getting less enjoyment from your comic collection, just bag and board them up and store them out of sight out of mind in the back of a dark, cool closet for a few years. Time is on your side.
If your questioning your collection maybe stop for a period of time. Start reading a ongoing series and enjoy the read. Stop looking to get keys and read. As you do that unload ones you want.
I never spend over $1k on any comic with a census count over 10k. Too risky.
😮DAMN!
Buying high in a seller's market and selling low in a buyer's market? I'm very surprised to hear you do this since you've been in the hobby for a number of years. Best to consult with your better half (she's an estate lawyer so she understands money) before you make your moves...😏
He means is lawyer wife "lost thousands of dollars!"
When you sell your investment is when you truly suffer the loss.
Why sell if you don’t need too
Here’s an idea….why don’t you buy books for pure enjoyment and not for quick investments. Trust me you will sleep better. Just saying…
Why are you buying comics as investments to begin with? Buy em because you want to read em.
Buyers market.
Dump those common books and use that money to buy a mega key like amazing fantasy 15 or Hulk 1
I'm no expert but this selling at a loss just to "move on" seems all kinds of wrong to me! Especially if its not absolutely necessary! Your business of course but I've lost everything collectible twice in my life! Once due to tornado and once due to sickness! It just sucks and I feel for you!
Scroo you stickygoose for making me feel! 😂
I'm only half kidding! Its a sore spot and I really hope you can find a solution! Good luck!
If this is some kind of troll! 😠 😂
You say youre a collector, then you go sell off major keys. Doesnt add up.
Life happens and sometimes you gotta sell
His wife is a lawyer cha ching!
Did you even watch the video? Lmao
@@user-yo5nf7wm2p That's an investor mindset.
Does no one remember Beanie Babies, Pogs, or Comics in the 1990s? Yeah, this time is different, and I agree. Social media has amplified FOMO and the means to manipulate a “market” like never before. The “synthetic” demand is ridiculous. Books like the “first appearance of no one cares” soar because some one mentioned there might be a movie. Explain that. Why does a movie cameo temporarily increase the value of a book? And then there are the websites that give you FMV based on skewed data. They tend to bias their data to the high side and rarely report low $ sales. It’s a pyramid scheme. The FOMOrons are exiting and dumping books only to spend their “investment dollars” on Lego or some other hoardable. Good luck!
Couldn't agree with you more. I've been collecting for decades and avoided buying any rare books like the plague during the recent boom. I saw it as similar to the 90's bust, just different; as it is a different time and world. A bust is a bust. Social media was out of control, fuelled a lot by influencers on UA-cam handing out the Kool Aid to newbs. It was absurd how useless books and variants were being pumped and TBH the insanity was on par with the 90's in my opinion. Here we are again. It will take years for the hobby to rebuild and there will sadly be a lot of people selling at a loss. Speculators seem to infest the hobby and make it hard for long term fans. The snake oil guys on UA-cam have a lot to answer for.
Are you a collector or an investor? If I sold my GSX 1 now I would probably lose $7,000. Guess what. Not selling. I'll just keep enjoying it in my collection.
Should have bought stocks instead.
Selling anything for a loss???? Im a buyer
Buy silver age hold long term
Sticky Goose,you will lose money on comics so I just buy the ones I really want and don't get into that speculation crap plus I am going to keep 2 short boxes of the comics i really care about and sell everything else.
Sticky your hands should be stickier holding your fav books
This guy seems more and more depressed about comics all the time.