Bloodshot 0 Platinum Printing Error... four in slabs...

greg · Post by **greg** » Sun Feb 27, 2005 8:48 pm

I guess I didn't notice it before...
but it looks like two additional copies of the
Bloodshot 0 Platinum printing error were CGC graded
sometime between 11/8/2004 and 12/16/2004.

So, of the five or six known to exist... four are in CGC holders.
http://www.cgccomics.com/poplookup/grad ... icID=38108

Anyone know exactly whose copies have been graded... and whose haven't?

Ricomortis · Post by **Ricomortis** » Sun Feb 27, 2005 8:58 pm

Well Greg...

I was going to send in most of my freshly opened case copies that I just recieved from Antonio....but then I'd probably be robbed.

greg · Post by **greg** » Sun Feb 27, 2005 9:01 pm

Sadly, we can only be 99% sure that you're joking.

Ricomortis · Post by **Ricomortis** » Sun Feb 27, 2005 9:15 pm

OK...

So I mistakenly bought a case of them...you know...the glare on the picture and the description and .......

lol...yea, yea, yea...I know...I'm going...I'm going...

You know that 1% gets ya in trouble.....EVERYTIME.... how do ya think I got 12 kids....

BodaZoffa · Post by **BodaZoffa** » Sun Feb 27, 2005 11:07 pm

2 9.6's & 2 9.8's.... I don't think we will see anything below a 9.6 on these.

myron · Post by **myron** » Mon Feb 28, 2005 6:53 am

BodaZoffa wrote:2 9.6's & 2 9.8's.... I don't think we will see anything below a 9.6 on these.

why would you...with that indestructible cover I'm suprised at the 9.6's

ZephyrWasHOT!! · Post by **ZephyrWasHOT!!** » Tue Mar 01, 2005 7:06 pm

I'm whipping up some more in the basement as we speak....

myron · Post by **myron** » Tue Mar 01, 2005 7:16 pm

ZephyrWasHOT!! · Post by **ZephyrWasHOT!!** » Tue Mar 01, 2005 7:33 pm

myron wrote:

YAY!!! My FIRST FUNNY POST emoticon! I'm not a VIRGIN anymore! YAY!!!!

ZephyrWasHOT!! · Post by **ZephyrWasHOT!!** » Tue Mar 01, 2005 7:35 pm

(You have NO idea how long I've waited for someone to use that on one of my posts...that DAMN Depluto gets one every other post!

)

myron · Post by **myron** » Tue Mar 01, 2005 7:44 pm

I aim to please!

Peter Parker · Post by **Peter Parker** » Tue Mar 01, 2005 7:54 pm

I'll give one to myself...

<-----is a funny guy

Shag · Post by **Shag** » Tue Mar 01, 2005 8:34 pm

So, there are only 5 or 6 of this issue known to exist. Hmm. If you owned all of them and were about to sell do you think you could make more money by destroying all but one issue or selling the 5 or 6 individually.
I'd probabaly have an auction and accidentally set all but one of the issues on fire, it happens all of the time, in front of the perspective buyers and sell the remaining issue. Yeah, I have too much time to think of things like this but I was wondering anybody else's thoughts. What would you do?

greg · Post by **greg** » Tue Mar 01, 2005 8:42 pm

Shag wrote:So, there are only 5 or 6 of this issue known to exist. Hmm. If you owned all of them and were about to sell do you think you could make more money by destroying all but one issue or selling the 5 or 6 individually.
I'd probabaly have an auction and accidentally set all but one of the issues on fire, it happens all of the time, in front of the perspective buyers and sell the remaining issue. Yeah, I have too much time to think of things like this but I was wondering anybody else's thoughts. What would you do?

What if you only get 3 times whatever price you would have gotten if you didn't burn any?

Shag · Post by **Shag** » Tue Mar 01, 2005 8:50 pm

Three times is better than 1 time, right? This is one of the age old mysteries that I used to think about when I was in junior high discussing Action Comics 1 or Detective 27. This particular issue is a little more realistic being able to purchase every copy, that is if more don't pop up. Do you think that the price will go up 3 times or do you think I'd lose money burning the other issues?

justin · Post by **justin** » Tue Mar 01, 2005 8:52 pm

Who knows maybe another will surface the next time CGC updates its census

-J

greg · Post by **greg** » Tue Mar 01, 2005 9:05 pm

Shag wrote:Three times is better than 1 time, right? This is one of the age old mysteries that I used to think about when I was in junior high discussing Action Comics 1 or Detective 27. This particular issue is a little more realistic being able to purchase every copy, that is if more don't pop up. Do you think that the price will go up 3 times or do you think I'd lose money burning the other issues?

I'm saying, you would pay 5X to buy them all... and only get 3X in return.
Sounds like you should have kept the 5X to begin with...

Shag · Post by **Shag** » Tue Mar 01, 2005 9:09 pm

Gotcha. I thought that you meant 3 times the total purchase price. So you think you would lose your money by holding the only issue in existence?

greg · Post by **greg** » Tue Mar 01, 2005 9:21 pm

Shag wrote:Gotcha. I thought that you meant 3 times the total purchase price. So you think you would lose your money by holding the only issue in existence?

I guess there's no way to know...
but it seems like destroying/burning books
wouldn't be profitable in the long run.
Kind of interesting to think about, though...

Shag · Post by **Shag** » Tue Mar 01, 2005 9:24 pm

I agree. I couldn't bring myself to destroying a book. I still have my first comic that I received off of the comic rack when I was 5 or so and it's in vg condition. Not too bad for keeping something for 20 years if I can say so myself!

400yrs · Post by **400yrs** » Tue Mar 01, 2005 10:57 pm

Shag wrote:I agree. I couldn't bring myself to destroying a book. I still have my first comic that I received off of the comic rack when I was 5 or so and it's in vg condition. Not too bad for keeping something for 20 years if I can say so myself!

Try destroying an X-O #26 when you get angry. It feels good. But don't eat it, because that particular issue will give you indigestion.

ZephyrWasHOT!! · Post by **ZephyrWasHOT!!** » Tue Mar 01, 2005 11:43 pm

'Burning a large portion of the existing copies' to sell the remaining copies for a huge profit only works ::EDIT:: (like I said...too many thoughts at once.

) if you find just the right amount of copies to SELL vs. DESTROY. ::END EDIT::

By the law of diminishing returns, there comes the 'break even' point at which you can't sell the remaining copies for ENOUGH money to cover what it would have cost to obtain the destroyed copies.

That break even point is roughly between 1-5% left of whatever item you're talking about of those specimens known. That is, if there are, say, 20,000 copies of Harbinger #1 left in NM (a MORE than fair amount), and you gather all of them....and destroy all but 200-1000 of them...you should be able to sell those remaining copies for what it cost to obtain the 20,000. That is, if they sell for, say, $20 each.....were there only 1,000 left, you could likely sell them for $400 each.

That rule, however, is always broken by the 'uber rare', which is *generally* defined as '5 or less in existence'. At that point, the items are SO rare, there's simply not enough to go around; they only show up once or twice a generation, and they just don't have the ability to make waves, with very few exceptions.

There's a reason why the 1804 $1 is a $2,000,000+ coin...there are ENOUGH of them (7 of Type I, 8 of Type II, maybe a Type III) so that they come up for auction roughly once every 15-20 years or so.

Same with the 1913 Liberty Nickel (especially now that the Walton piece has been recovered...phew!)...$2,000,000+

The 1870S $3? Only one known. $600,000.

1870S Half Dime? Only one. $200,000-$400,000.

1822 $5? Three known. $600,000.

Why aren't they 5 times as valuable as the 1913 5c? Or 15 times as much as the 1804 $1? Simple: they're done in by their own scarcity. If only ONE person can own one in a generation or MORE...what's the point?

The one and only coin that's broken that rule is the 1933 $20, and ONLY because it's gotten so much press for almost 80 years. It's a superstar.

But generally, that's the case. Same thing with the Bloodshot Plats...at this point, AT LEAST 5 people can own one...if only ONE could, it likely wouldn't be worth $2000, guaranteed. No one would remember it, or care when it came up for auction again. If there was only ONE left, what kind of press would it get? Little to none, other than a 'hey, remember that....?'

Especially if no one heard from it for 20-30 years.

There are unique comic books...the early Chaos Onyx! editions, for example? Think they even COME up for sale? If they did, would anyone care? Would they make $2000? Doubtful.

x-omatic · Post by **x-omatic** » Wed Mar 02, 2005 12:42 am

Peter Parker wrote:I'll give one to myself...

<-----is a funny guy

depluto · Post by **depluto** » Wed Mar 02, 2005 1:58 am

ZephyrWasHOT!! wrote:(You have NO idea how long I've waited for someone to use that on one of my posts...that DAMN Depluto gets one every other post! )

X-O HoboJoe · Post by **X-O HoboJoe** » Wed Mar 02, 2005 10:46 am

depluto wrote:
ZephyrWasHOT!! wrote:(You have NO idea how long I've waited for someone to use that on one of my posts...that DAMN Depluto gets one every other post! )