One of the things I quickly figured out about collecting comics was condition is everything, now that doesn’t sound to surprising, but when you look into it further it is actually quite a complicated job to grade a comic on its condition. It is dependent on many factors, such as corner condition, spine condition, staple tightness, page colour just to name a few. Things like pen marks, even where prices are altered bring the condition down a lot, and use of stick tape to repair any slight tears destroys the grade and therefore the value.
All these things are used to give a grade (something that should be easy to deal with for a teacher like me!) but the terms used for grading can a little confusing to a newcomer. When you see the word ‘good’ associated with a grade, you may think this is a positive thing, but in reality a ‘good’ grade is really quite low. Grades seem to drop quickly and have a huge impact on value. For example, if you were lucky enough to own a Daredevil #1 from 1964 in near mint condition (9.4), it is estimated to be worth $10,000, but a copy in good condition (2.0) is worth only $250.
I picked up some comics early on in my collecting days from the 70’s and to an untrained eye they look in great condition for their age, but in the opinion of the seller they were only fine (6.0), and in reality they are probably a little less than that as a seller is always going to be slightly optimistic in their grading. They were part of a set of a set of six books with Jack Kirby art called “The Sandman”. Over the following months I gradually completed the short run and issue one remains the most expensive book I have bought. Thankfully that book is probably in the best condition of the lot and is also the most valuable so it shows I was learning!
It really is a minefield. As it is really all based on opinion, there is a lot of disagreements over grading, which is clear from the descriptions in many ebay auctions which often state “I am not a professional grader” in the hope of avoiding negative feedback. I quickly realised that studying photos carefully is very important to help you avoid over paying for books. A grading guide is also helpful and I have found the comics price guide website invaluable in assisting me with my purchase decisions. However even this is not perfect as there are many discrepancies between this and the over street price guide used by retailers.
The biggest problem I have faced with my collecting is finding reasonably priced books in Australia. The choice of comic book stores is limited, as is the number of sellers on Ebay from Australia. This means you need to either accept lower grade books than you really want, and pay slightly more than their estimated value or pay high shipping charges to bring books from America or Britain in better condition. You then have to accept the increased risk of damage in posting, defeating the whole purpose of buying from abroad. You also have to watch out for British price variants, which are identical except for the price in the corner, but worth a lot less. I have only really found this an option when buying large numbers of books, to spread the shipping cost across all the books. I have done this a few times, but only when I want a specific issue that is in available here.
I often think it would be so much easier to be a comic collector in America! Or at least that I should have started collecting when I lived in England. I certainly will be visiting some stores next time I visit the UK to visit friends and family!