Covering The Spread 40: Fandom

Hello again comic book investors and may the force be with you!  That’s right this week’s article is going to be all about Star Wars.  This is a very interesting time in Star Wars history.  For as much negativity as there is around the Star Wars prequels now, at the time they were generally well received.  Not to mention that they all did fairly well at the box office.  However the recent box office failure of Solo: A Star Wars Story shows that after The Last Jedi, fans may not be so eager to shell out their hard earned money for all things Star Wars.

So why is this relevant to us as investors?  Well Star Wars is what I would call an evergreen property.  It will be around forever.  They may not make a movie every year, but there will always be something in the works.  We will have Episode 9 coming out this year but unlike previous films the hype train has barely left the station.  Before The Last Jedi I was constantly hearing theories about how Obi Wan was Rey’s father, or how Mace Windu was Emperor Snoke.  This time around, nothing.

So if everyone is down on Star Wars at the moment that could mean we have a golden opportunity to invest in some Blue Chip Keys.  Then when Episode 9 comes out and makes everything right in the universe we can sell them back for profit.  At least that’s my theory.  So let’s look at a few books and see how they stack up as investments.


Star Wars 1

Yes the Grand Daddy of Star Wars books!  Well I suppose the Canadian Price variant for this book would really be the Grand Daddy but I can hardly tell people to go out there and buy a dozen copies of that.  Not that the first print is that easy to come by these days but I still want to take a look at what we can expect from this book.

Average Raw Price 91.75
10 Copies 917.48
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 371.60
Total Costs 1569.08


9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
865 335 203 169
2 Copies 3 Copies 4 Copies 1 Copy Total Value
1730 1005 812 169 3716

Well first things first, I do want to say that several of the sales I found came from the same seller.  I would imagine this means that it was relisted for auction again, but regardless I think they still set a good precedent for what a raw copy will go for these days.

With that said our upfront investments would be $1197.48 and our profits would be $2146.93.  That’s an awesome spread of +214.69 and for those who didn’t already notice the correlation between those two numbers an ROI of 179%.  It will never get any better than that!

I can already read the comments now saying you’ll never find 10 raw copies of that book!  Hey, it’s worth a shot with those numbers.


Star Wars 2

This is in my opinion the most underappreciated Star Wars comic out there.  Part of that could be because searching eBay for Star Wars 2 is a huge pain in the butt.  The other part is that CGC for whatever reason doesn’t label any first appearances in the original run.  I don’t know why they don’t, and it’s fairly frustrating for me but this book has several important firsts.  If you don’t count them appearing on the cover of the #1 as a first appearance this issue is the first Obi Wan and Han Solo.  Otherwise it is also the first appearance of Chewie and Jabba the Hut (with a prototype design) as well as the Millennium Falcon and the Death Star.

Plus, if my research is correct (feel free to let me know in the comments if you remember) issues 1 and 2 were actually released before the movie came out.  That means a lot of copies were likely not regarded as important, resulting in a lot of beat up copies.  Of course that’s all just speculation on my part, I wasn’t even a twinkle in my mother’s eye at that point.

Anyways numbers for this book are a bit weird.  No one has bought a raw NM copy recently.  That could be because the prices people are asking for them is crazy.  There is a raw copy prices $300 above the closest 9.8!  But crazy asking prices aside it would seem that $50-$60 could get you a raw copy which seems fair to me.

I won’t do a full breakdown because without actual raw sales it seems misleading but I estimate the spread will be around +60 if you can get decent copies in that price range.  Maybe this will bring more people’s attention to this book and we will see some sales.


Star Wars 42

Boba Fett has been a fan favorite for longer than I have been alive.  It has always been a bit of a mystery to me though.  Yeah he has a great costume, but he was barely in the movie.  Of course there is the upcoming Mandalorian show that might drive some heat to this book but it doesn’t seem to need the help.  In fact it already goes for more than Issue 2! (remember when I said it’s underappreciated?) Is Boba Fett cooler than Chewbaca, and Han Solo? I don’t think so but let’s see what the numbers have to say.

Average Raw Price 57.50
10 Copies 574.95
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 217.30
Total Costs 1072.25


9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
483 193 130 108
2 Copies 3 Copies 4 Copies 1 Copy Total Value
966 579 520 108 2173

Well as I mentioned before, graded copies are already selling better than issue 2.  However Raw copies are selling at right about the same price.  That’s good news for potential profits.

For this issue we would have upfront costs of $854.95 and our profits would be $1100.75.  That’s a spread of +110.08 and again for those paying attention an ROI of 128%!  I would give this a resounding yes as a good investment regardless of my feelings towards Boba Fett.


Well everyone that brings us to the end of this week’s Covering the Spread!  Okay maybe one more sneaky pick!  Issue 43 is the first appearance of Lando, and I have seen plenty of people asking for a Lando spin-off with Donald Glover.  If that happens it will probably see a nice bump, even without 1st Lando on the label.

Is there another series that you think has this many good investment options in it?  Is there another Star Wars book that you think I should’ve covered?  Let me know in the comments, and I’ll see you next week!


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