Investment Update: Captain Marvel

by James Jou

695962_mighty-captain-marvel-1-young-variant-now-198x300 Investment Update:  Captain MarvelHow are the various Captain Marvel key books performing now?

After months of fervor surrounding the world premiere of the Captain Marvel (2019) movie and a monster worldwide box office of $1.1 billion, one has to wonder if their investments in the character’s key comic book have kept up.  Here we examine the best course of action forward from a financial investment perspective.

 

Marvel Super-Heroes #12

Going chronologically, the first book up for performance review is Marvel Super-Heroes #12 (1967), the 1st appearance of Captain Marvel.  Below is the sales for the CGC grades 9.2, 8.0, and 6.0, which represent a cross section of the top 19.5%, 50.1%, and 83.2% of the census:

cm_1a Investment Update:  Captain Marvel

The value is dropping across all the grades. Most noticeably, the higher end 9.2 is losing its value the fastest; its value declining at a rate almost ten times that of 8.0.

 

Marvel Super-Heroes #13

Next up for performance review is Marvel Super-Heroes #13 (1968), the 1st Appearance of Carol Danvers.  Below is the sales for the CGC grades 9.0, 8.0, 6.5, and 4.5. This represents a cross section similar to the book above; specifically, its the top 6.3%, 18.2%, 45.7%, and 81.2% of the census:

cm_2b Investment Update:  Captain Marvel

Like the issue before it, Marvel Super-Heroes #13 is losing its value across all the grades. Unfortunately for MSH #13, it’s on average declining in value across its grades faster than MSH #12.

 

Ms. Marvel #1

Moving on to Ms. Marvel #1 (1977), the first time Carol Danvers took up the moniker of Ms. Marvel.  Below is the sales data for CGC grades of 9.6 and 9.2, which represent 18.7% and 47.1%, respectively:

cm_3c Investment Update:  Captain Marvel

For Ms. Marvel #1, we observe an unmistakable decline in value of the book. The value for 9.6 has been declining at a rate almost three times faster than 9.2. With this and the books before, a trend seems to be revealing itself across the Captain Marvel keys.

 

Avenging Spider-Man #9

The final book up for performance review is Avenging Spider-Man #9 (2012), the 1st Appearance of Carol Danvers as Captain Marvel. This book experienced a massive boost from the movie.  Below is the sales data for the book graded in CGC 9.8, which represents 46.1% of the census:

cm_4d Investment Update:  Captain Marvel

As with all the keys above, Avenging Spider-Man #9 in CGC 9.8 is losing its value. The latest sale on 6/22/2019 was $237.51. This is a far cry from the first sale of the year on 1/2/2019 for $550. It makes one wonder if we’ve seen the bottom yet.

 

THE BOTTOM LINE

Sell.

With so many keys, one might hope that at least a single key would retain its market value. Unfortunately, that is not the case. Unless there is another catalyst that can provide upward pressure, Marvel Super-Heroes #12, Marvel Super-Heroes #13, Ms. Marvel #1, and Avenging Spider-Man #9 all currently represent bad investments. Looking forward, the negative growth of all the Captain Marvel keys offers a very poor risk/reward scenario. It would be difficult to see how a bump from a movie sequel can overcome the declining value.

  • Marvel Super-Heroes #12: Sell
  • Marvel Super-Heroes #13: Sell
  • Ms. Marvel #1: Sell
  • Avenging Spider-Man #9: Sell

On a side note, it is indeed interesting that not a single key retained its value. It could be valuable to examine why this occurred; as it can be applied to future speculation.

 

“Duane just kept working, not even looking up.” – Stan Lee

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2 comments

Christopher Peruzzi June 26, 2019 - 8:54 am

A very thorough study indeed and one that seems to sync with my own. I am curious though how your findings would be for Captain Marvel 1 (1968). While the hot item and “flagship” character of Carol Danvers is on the decline, there seems to still be some nostalgia over Mar-Vell and Jim Starlin’s run on his title (with Thanos as the headlining “big bad”). I’d love to hear your thoughts and analysis on this.

Reply
Joshua Clark June 26, 2019 - 8:47 pm

Great articles man!

Perhaps the difference is a totally forgettable film, and an insignificant role in endgame; despite the hype of her character in infinity war?!?!?

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