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Old 12-04-2019, 09:06 PM   #1
IMJ
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TMNT #1 (1984, Mirage) | CGC 9.8 Listed

Looks like a grail copy has come to market. For anyone who doesn't know, Comic Link is a comic auction website that caters to the more hard-core side of comic book collecting. You wouldn't list this book on eBay, but you would put it on Comic Link or Heritage Auctions.


Teenage Mutant Ninja Turtles # 1 | CGC 9.8/White Pages




If I had any kind of pre-notice that this was coming to market I'd have had the prep time to put a bid in, but I just found out about it today. I'd have to move too many assets around in the blink of an eye to be competitive in a bid. In another ten years, this will be a $200k copy.

There is a reserve on it. I'm very curious as to whether or not the seller will let it go if the reserve isn't met.
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Old 12-04-2019, 09:36 PM   #2
Peter Palmer
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Several of these have come to market in the last few years. If you're serious about getting one, get the money ready now and just wait a few months until the next one comes along. Though be advised, the last sale did seem a bit sketchy with the price finishing up much higher than previous sales at $90k and then immediately relisted. Between this book and Turtlemania Gold, it seems there's a bit of price manipulation being attempted at the moment...at least from where I'm sitting.
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Old 12-04-2019, 09:57 PM   #3
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You've got a nice TMNT slab set, btw. You've got a clear focus on your build, similar to how I curate Iron Man books although I'll go as low as 9.0 on some Silver Age books.

This is part of what interests me about the reserve on this one. I understand not wanting to take a loss, but let's face it -a reserve on an auction tends to actually hamper action on bids. People don't want to bid against a reserve because the reserve itself sets a threshold against a "psychological deal" that a bidder "could have had". Better off just listing and let it ride after holding long enough that the current market justifies your profit.

I've got a certain amount of money in some Silver Age key investment grade books that I put together back in 2007, for example. I had them slabbed, I think in '15, and at this point I could list them on nothing more than open auction and they've appreciated so much that I'd make magnitudes of percentage on the money even if they came remotely close to the current FMV. Comic books are only quick flip investments when one happens to pop as a spec book, or if you dig up the unheard of treasure trove in an old guy's attic. But a book like this should have no reason to reserve.

Where was that last sale that you saw? I'm curious... are you looking at a price aggregator like GoCollect or do you have an archived listing link? I'd like to bring it over to another forum where we are discussing this as well...
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Old 12-05-2019, 11:09 AM   #4
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I wonder if I would be foolish enough to try and read the thing, were I the winner.
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Old 12-05-2019, 01:26 PM   #5
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Originally Posted by AquaParade View Post
I wonder if I would be foolish enough to try and read the thing, were I the winner.
That book's been reprinted so many times that you'd be able to forego the temptation. I also throw reprints or reader copies into my slab bags. Cool story about this:

I went to convention last week and found an absolutely unusual book in low grade in the bins for two bucks - it's recently been considered more of a minor Key that has had recent interest due to the movies, but it was a super unique find for me because I needed a reader for my slab. But it was just a strange book to find a reader like this for, let alone for the price.....

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Old 12-07-2019, 03:57 PM   #6
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For anyone interested the active bidding on this ended at 50k with 36 bids.

Now the real question for the winning bidder is whether or not he or she will spend time and effort trying to remove that annoying ComicLink sticker from the slab that they are bound to put on the back of it...

-facepalms- @ the Comic Link sticker!
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Old 12-09-2019, 12:49 PM   #7
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Quote:
Originally Posted by IMJ View Post
Looks like a grail copy has come to market.
"grail copy"?
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Old 12-09-2019, 03:01 PM   #8
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"grail copy"?
Meaning a copy that is likely a key treasure amidst treasures. There are many ways to get into a TMNT #1 - different grades, different prints, but a 9.8, authentic copy is about all most collector's could hope to own. And so the term "a grail copy".

This term is often flung around the hobby in different contexts as well. For some people, a personal collection grail might be some kind of copy of Tales of Suspense #39, or Action Comics #1, or maybe in TMNT circles a grail figure is a MOC Shogun Shoate, or for other people a grail set could be as simple as a MOC set of soft heads even if that's not super hard to find.

So the term tends to mean "the thing that a person wants the most" or it means "a thing that most people would agree is the definitive example of a given thing".

-thumb's up-
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Old 01-08-2020, 12:17 AM   #9
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The "ComicTom" podcast discusses TMNT #1 sales, including the one in this thread.

Podcast here, TMNT at 29:40 of the video. They do a nice CGC census breakdown as well. Not super analytical, but their final determination was that the 90k 9.8 sale was a strangely high sale price.

They also talk about the Metropolis Comics Turtlemania books, which was interesting.

The Comic Tom stuff usually focuses on speculation, so their analysis is sometimes pretty simplistic (i.e., it's got a low print run so it's worth money), but it's an entertaining thing to watch.
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Old 01-08-2020, 06:01 PM   #10
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It is on my list along with the 1952 Mantle rookie. Prices climb on such items every year.

For now I am content with my third print which I picked up in 2013.
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Old 01-08-2020, 10:16 PM   #11
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It is on my list along with the 1952 Mantle rookie. Prices climb on such items every year.

For now I am content with my third print which I picked up in 2013.
Work your way towards it! A solid second print isn't too hard of a task.
That Mantle rookie would be such a great card to own. I've got several cards like that on my "list" so to speak. Like a Mike Schmidt RC - a totally attainable card, but it's not on my active radar.

I agree with your point though. There are certain pieces of collectibles that are always going to be *the* item, even if a market around them tanks. The stuff that can represent a hobby as an archetype are always going to be desirable. Action Comics #1 stuff.
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