Comic Book Basics Archives

What is CGC?

Friday, February 3rd, 2012 at 11:45 am  
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You will see the term CGC a lot on this site, so what is it?

CGC is an abbreviation for Certified Guaranty Company. They are an independent company that inspects, grades and encapsulates comic books in a hard plastic holder.

CGC gives comic books a grade based on a 10 point scale. They also conduct a restoration check. Once these two steps are complete the encapsulate the comic book in a tamper proof plastic holder with the title and grade at the top.

The benefits of the service include the restoration check, the protective holder, and most importantly an impartial grading level that buyers and sellers can agree on.

Example of a CGC graded comic in holder:

Action Comics 1 CGC 9.0

Key E-bay Sales for October – December 2011

Thursday, December 29th, 2011 at 11:48 pm  
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Here’s a look at some key sales made on E-bay in December:

Avengers #4 CGC 9.6 $38,100
Amazing Spider-man #1 CGC 9.0 $33,100
Amazing Spider-man #3 CGC 9.6 $30,095
Amazing Fantasy #15 CGC 7.5 $26,100
Detective Comics #31 CGC 4.0 $26,000
Amazing Spider-man #13 CGC 9.6 $16,877.77
Incredible Hulk #1 CGC 7.5 $14,000
Avengers #1 CGC 8.5 $12,445.98
Daredevil #1 CGC 9.2 $12,100
Tales of Suspense #39 CGC 8.0 $11,100

Action Comics #1 Breaks the $2 Million Mark!

Monday, December 5th, 2011 at 11:26 am  
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Action Comics #1 in CGC 9.0 condition sold for $2.1 million last month. This was the highest-graded, publicly certified copy of Action Comics #1 – the book featuring the first appearance of Superman was auctioned by ComicConnect.com for $2,161,000. The bidding for the issue closed at 7:25 p.m. EST on Wednesday, Nov. 30, 2011, after 50 bids.

ComicConnect sold the first of them, a CGC-certified 8.0 copy of Action Comics #1, February 22, 2010, for $1 million.

This copy was reported stolen from the home of a prominent West Coast collector in January 2000. While ComicConnect did not name the former owner in promoting their auction, it was widely noted by sources ranging from comic industry websites to The Hollywood Reporter and MTV to have been actor Nicholas Cage.

Metropolis Chief Executive Officer Stephen Fishler and Chief Operating Officer Vincent Zurzolo immediately recognized the copy when it was rediscovered in April 2011 after an as-yet-unidentified man purchased the contents of an abandoned storage locker in southern California.

Action Comics 1 CGC 9.0

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