In August of 2020 I invested in the 1964 Daredevil #1 graded CGC 9.0 on the Rally Rd. platform, with a total valuation of the offering at $11,500. At the time historical sales data for the previous ten years showed this comic had seen an 185% increase in value, with the last sale of a book in this condition selling for $9,300 in August of 2019.
Less than one year after the initial offering on this comic, Rally Rd. was approached with a buyout opportunity for $19,900, resulting in a 73% increase in value since the initial offering. At the time I invested in this comic there was a potential risk in losing value. The previous three sales of the comic recorded an average sales price of only $9,800 – a $1,700 deficit to then offering price. However, considering the explosive growth the collector’s market had seen over the course of 2020, and the fact that this particular book was in the top 5.3% of all graded copies of the comic, this was a risk I was willing to take.
I always approach my investment decisions with a long-term outlook and considering at the time this book had seen a 118% gain in value from August 2015 to August 2019, I was confident that despite the difference in the previous average sales to the offering price, that the book would produce a profit. I did not however, expect that the investment would provide a 73% return in less than a year. Looking back at my original write up on this investment, I was confident on seeing a positive return within the next five to ten years.
I think the short time it took for the return on this book and the level on return in such a short time span is a testament to the state of the hobby and to collectables overall. Now if I could just get my stock investments to provide such generous returns in such short amounts of time I would be really happy.
*Disclaimer: Investing in trading cards, comic books, memorabilia, and any other item involves substantial risk of loss and is not suitable for everyone. Cardboard Prospector does not provide financial advice, and none of our articles or opinions should be construed as financial or investment advice. We do not guarantee results from your decision making based on our opinions and content. You should always conduct your own research and due diligence prior to making any investment.