As we close out another year, it’s a good time to take stock of my comic book portfolio. And let’s face it — 2022 was a brutal year for many comic investors. As I look back on the investments I made in 2021, I sold several for a loss in 2022. Below are a few of those investing mistakes.
Like many speculators, I was torched by investing in The Eternals. In early May of 2021, at the height of the comic boom, I purchased a CGC 9.2 of this book for $420. At that time, I felt okay about my purchase because this wasn’t a modern book and I felt Kevin Feige could turn The Eternals into pop culture icons just like he did with the Guardians of the Galaxy.
While I enjoyed the movie, it is now painfully clear that the Eternals would not have nearly the same impact on pop culture that the Guardians of the Galaxy did. Today, according to GoCollect, the FMV of a CGC 9.2 copy of this book is now $130. That may be a bit generous considering one 9.2 sold for a mere $43 during an auction on eBay in October. Ouch.
While it’s unlikely that I will ever recoup my investment in this book, it is important to note that an FMV of $130 in 2022 still far exceeds the value of this book back in March 2018 when it was selling for $60. If you purchased this book four years ago, you would’ve more than doubled your investment. In other words, this book hasn’t overcorrected, in my opinion, since it hasn’t fallen below its pre-comic boom value. Most people think of Eternals #1 as a terrible investment, but that’s actually not necessarily true — it depends on when you invested.
This is another bronze age key issue that I made a big mistake on. It pains me to admit it, but I paid $560 for a CGC 9.6 copy of this book in June 2021. I felt okay about my investment at the time because this wasn’t a modern book and featured the first appearance of an important character — a character who’s been able to sustain her own series over the years. Today, according to GoCollect, the FMV of a CGC 9.6 copy of this book is now $220.
One thing that I didn’t pay close enough attention to regarding this book was the CGC Census. CGC has graded 3,290 9.6 copies of this book which is just a shockingly high number for a Bronze Age book. Consider another comparable book from the Bronze Age: Ms. Marvel #1. There are only 751 CGC 9.6 copies of that book on the CGC Census.
Like Eternals #1, even though this book has experienced a very steep drop, I don’t think it has overcorrected. Back in 2019, this same book was selling for around $180. This drop has just brought the value of this book to approximately where it should be in 2022.