Covering the Spread 39: The Next Best Thing

Hello again comic book investors and welcome back to Covering the Spread!  This week I wanted to talk about a subject that is near and dear to my heart.  Second appearances.  I have talked about these in the past (there will even be some crossover) but there are always more books that people are overlooking.

No a second appearance will never be as valuable as the first appearance is.  But that doesn’t mean they aren’t worthwhile investments.  Many first appearances become so valuable that they are completely out of reach for most collectors.  When that happens, some will turn to collecting rare variants but personally I prefer second appearances.

It may not be that grail, but it is the next best thing.


Werewolf By Night 33:

Moon Knight is on fire in the back market right now.  4 different Moon Knight books are in the top 100 bronze age issues for January, including this one.  But I know for a fact I left this in a bin not too long ago.  And I’m sure I’m not the only one!  I flipped from 28, to 29, to 30, to 31, my heart was pounding.  As soon as I didn’t see 32 I was so disappointed I moved on to a different bin.

But there is a very strong market for this book.  A nice VF copy will set you back about $100 online.  The more out of reach 32 gets the more demand for this issue will go up.


Amazing Spider-Man 239:

This is one of the books I talked about way back in the True Seconds article as a good investment.  To summarize, I love 238.  It’s got one of the most iconic covers of all time.  But the Hobgoblin appearance inside is basically a cameo.  That’s why on the CGC label for this issue they note it’s the first battle between Spidey and Hobgoblin.  This is an issue that is picking up steam so let’s look at the numbers.

Average Raw Price 43.75
10 Copies 437.50
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 90.10
Total Costs 807.60


9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
168 82 69 43
2 Copies 3 Copies 4 Copies 1 Copy Total Value
336 246 276 43 901

Well technically we are looking at profits of $93.40 or about $9 per book, but if you use paypal those fees are going to make those “profits” disappear quickly.  That doesn’t mean I suggest everyone stay away from this book though.  As I used to emphasize more if you want this book buy it already graded!  I am a believer in this book long term but there is no reason to roll the dice if you can buy graded copies for less than it would cost to grade them yourself.


Batman Adventures Mad Love:

Yes even modern characters can have valuable second appearances.  This is a book that has been in high demand for awhile now, and while I personally am not excited to see Margo Robbie on screen again I know I’m in the minority there.  I think there’s a good chance this book sees an uptick in the coming months.

With Pressing:

Average Raw Price 96.65
10 Copies 966.47
Shipping Fees (EST) 100
Grading Fees (EST) 180
Pressing Fees (EST) 120
Selling Fees 199.70
Total Costs 1566.17


9.8 Av Price 9.6 Av Price 9.4 Av Price
345 146 102
3 Copies 5 Copies 2 Copies Total Value:
1035 730 232 1997

I’m just going to skip straight into pressing because I think you really should with this book.  Upfront investment will be $1366.47 and we will come away with $430.83 in profits.  That’s a spread of +43.08 and an ROI of 31.5%.  Not too shabby as it is right now, but I think these will keep heading upward from here on out.

Wrap Up:

Well everything that’s all I have for you this week.  What do you all think of second appearances, both for investing and collecting?  Is there a second appearance that you think is a good investment right now? Let me know, and I’ll see you all in a week!


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