The Other Guys

Hello again, comic book investors and welcome back to Covering The Spread!  I’ve been stressing for the last few weeks how effective it can be to invest in the books no one else is looking at.  With that in mind, this week, as everyone everyone else spending there money on the current hot books like Spawn SDCC and female Thor, I’m going to look at a few books that can teach us a lot about the speculation/collecting market.

SPOILER WARNING!  My third book this week relates to Spider-Man: Far From Home.  If you haven’t seen the movie yet, you may want to skip that issue, there will be some spoilers discussed. Oh and you should really go see it, it’s a pretty great movie.

Alright with that out of the way let’s hop into our first topic.  Spawn.  This weeks hottest book was the SDCC Spawn variant, and rightfully so.  It’s a very limited print run with an absolutely beautiful cover.  So the question is what should you do if you have one.  Personally, I’m a hold on that book, but I don’t think you should grade it.  I’ll use a different example to explain why.


Spawn: Thanks


This is another Spawn book that got hot awhile back, and I think it’s a good comparison.  It was also limited, although not a much.  But this book has done some interesting things on the back market (as have other Spawn issues) set let’s take a look at how it is performing a couple years down the road.

Average Raw Price 124.28
10 Copies 1242.84
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 120.60
Total Costs 1643.44


9.8 Av Price 9.6 Av Price 9.4 EST Price 9.2  Price
176 118 100 100
2 Copies 3 Copies 4 Copies 1 Copy Total Value
352 354 400 100 1206

Well those are certainly some interesting numbers.  The first big thing of note is that a 9.4 has never been sold.  I’ve been told by Spawn expert Dr. Joe that this issue was a slam dunk 9.8 so that’s probably why.

At any rate we see upfront costs of $1522.84 and expect to lose $437.44.  That’s -43.74 per book.  Obviously a terrible deal for us, but we can learn something from this issue.  The way I see it there are two possibilities.

1.) Because such a high number are grading at 9.8 the market is overvaluing raws.

2.) Spawn collectors are just as happy with a raw book as a slab.

I suspect the truth is some combination of those two.  This is why I said not to grade the SDCC.  The odds of you collecting a premium because you paid grading fees feels slim to me.  Also if you see this Spawn: Thanks issue in a lower grade slab, it’s likely worth cracking open to sell raw.


Micronauts 1


This is a book that blew my mind when I started researching it.  For anyone like me who missed out on the conversation around Bug, there is a character who makes his first appearance here named Bug.  He was apparently in an earlier draft of the Guardians of the Galaxy script so it’s not impossible that Gunn will want to use him in the future.

But more pressing than that, there is a Micronauts movie that is supposed to be released in 2021.  It has been pushed back a few times so I think some investors have given up on the property, but I still have faith.


Average Raw Price 12.42
10 Copies 124.18
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 107.60
Total Costs 511.78


9.8 Av Price 9.6 Av Price 9.4 EST Price 9.2  Price
303 72 52 46
2 Copies 3 Copies 4 Copies 1 Copy Total Value
606 216 208 46 1076

Holy moly is that a jump for 9.8 copies!  We expect upfront investment of $404.18 and profits of $564.22!  That’s a spread of +56.42 and an ROI of 139%!  Of course this may not be entirely accurate if 9.8s are truly that hard to come by, but with the low prices on raw copies I think this is well worth the shot.  Keep an eye out for the nice copies and don’t be afraid to pick them up.


This is your spoiler warning.  If you haven’t seen Spider-Man: Far From Home, read on at your own risk.



Amazing Spider-Man 141


Okay, if you already seen the movie you know that Quinten Beck is killed at the end of the movie.  Yet, in the post credit scene where J. Jonah Jameson is revealed we see a video that seems to indicate Mysterio is still out there.  So did Beck really survive?  I don’t think so, but all his equipment did.

In this particular issue we see the second iteration of Mysterio, this time it’s a man named Daniel Berkhart.  Daniel Berkhart is a man who used to work with Quinten Beck, and is hired to become the new Mysterio.  Who hires him? Well, none other than J. Jonah Jameson.

Was the whole scene a hint towards someone else taking up the mantle of Mysterio? It certainly seems that way to me.  Then again, my track record with predictions isn’t the best.  I did tell everyone to bank on Falcon becoming Cap and not Bucky, but I also told you Hellboy would be good…


Average Raw Price 80
10 Copies 799.95
Shipping Fees (EST) 100
Grading Fees (EST) 180
Pressing Fees (EST) 120
Selling Fees  307.20
Total Costs 1507.15


9.8 Av Price 9.6 Av Price 9.4 Av Price
609 205 110
3 Copies 5 Copies 2 Copies Total Value:
1827 1025 220 3072

Those are some beautiful numbers.  We expect upfront costs of 1199.95 and profits of 1564.85!  That’s a spread of +156.49 and an ROI of 130%.  This book benefits from being old, but still landing just on the right side of the CGC modern tier which helped a lot.

I will say I was only able to find two raw sales as the basis for a pricing line, but I don’t think we’re far off.  Picking these up for >$100 feels like a steal to me.

Wrap Up

Well everyone that’s all I had for you this week.  Our big winner was Micronauts 1 with an ROI of 139%!  Next up was Amazing Spider-Man 141 with an ROI of 130%. Bringing up the rear was Spawn: Thanks with a loss of 28%, although it was still educational.

What do you think about my Mysterio theory?  Can you believe I actually thought Hellboy would be good? Let me know down in the comments and I’ll see you next week!


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