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Marvel·Amazing Spider-Man·#120·Bronze Age·ID-2314843
| Grade | Census & Float Distribution | Copies / Slabs | Role | FMV | Total Value | Sales | Implied Turnover | Multiple |
|---|---|---|---|---|---|---|---|---|
| 9.8 | 77 of 1,855 slabs | 77 | SOV | $2,074.00 | $159,698 | 77 | $159,698.00 | (25.3x) |
| 9.6 | 154 of 1,855 slabs | 154 | $560.67 | $86,343 | 154 | $86,343.18 | (6.8x) | |
| 9.4 | 217 of 1,855 slabs | 217 | $350.00 | $75,950 | 217 | $75,950.00 | (4.3x) | |
| 9.2 | 226 of 1,855 slabs | 226 | ANC | $290.31 | $65,610 | 226 | $65,610.06 | (3.5x) |
| 9.0 | 203 of 1,855 slabs | 203 | $265.00 | $53,795 | 203 | $53,795.00 | (3.2x) | |
| RAW | 198,145 of 200,000 copies | 198,145 | RAW | $82.00 | $16,247,890 | — | — | (1.0x Base) |
Empirical cash settlement intelligence, cross-grade elasticity curve, and secondary liquidation velocity.
Empirical step multipliers between adjacent condition tiers. Pinpoints the exponential premium transition and capital efficiency frontier.
Realized turnover cadence and capital absorption depth across certified auction comps.
Capital Math Ground Truth: $88.00 all-in slabbing hurdle + $82.00 raw acquisition stacks the breakeven cost basis at $170.00. Anything cleared above $170.00 is an operational win; anything under is a capital loss. At current 9.8 market pricing of $2074.00 (net realized $1774.19 after 13.25% commission and $25 outbound shipping), successful CPR yield generates +$1604.19 (+944%) in positive capital expansion above cost basis. Furthermore, falling to a 9.6 ($560.67 FMV, netting $461.38 after selling costs) results in an immediate -$0.00 / ~-171% capital loss. PRE-SCREEN PROTOCOL: Savvy traders deploy a $9.00 Pre-Screen threshold (+$9.00 pro-rated freight = $18.00 total reject exposure) to pre-screen raw books prior to final slabbing. If the initial grader inspection determines the book falls below 9.8 (e.g. 9.6), the book is returned unslabbed, saving $40+ in wasted encapsulation costs and protecting portfolio cash. This high-stakes grading asymmetry is why the asset commands a disciplined strong buy (cpr arbitrage) rating.
The secondary market mathematically supports this hurdle: recent sales cleared at $2074.00 (yielding +$1604.19 net profit after selling costs over the $170.00 capital floor), while peak historical auction comps reached $2385.10. Realized high-water comps prove that smart accumulation capital willingly pays the premium when verified pristine copies emerge from a disciplined 77-copy census.
Macro tailwinds—including cinematic adaptation cycles for Silver Surfer, generational collector reverence, and tight 77-slab registered census float—support sustained institutional demand over a 3-year investment horizon.
Autonomous institutional strategies, financial equilibrium, scarcity modeling, and algorithmic risk profiling.
Market operates purely on organic buyer and seller auction discovery. Zero artificial price interventions or emergency liquidity halts on record.
Verified historical transaction line with quarterly equilibrium baseline anchor.
Understand how physical sales, invested dollars, and liquidity friction divide across grades.
Completed market sales by grade
Relative market value allocation
Estimated execution friction
Bibliographic provenance, creator credits, historical significance, and multimedia documentation.
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Stan Goldberg
Roy Thomas
Home of Spider-Man, X-Men, Avengers, and the Marvel Cinematic Universe.
Comics grow darker and more socially aware. Wolverine, Punisher, Swamp Thing debut. Creator-driven storytelling emerges.
Newsstand variants carry meaningful scarcity premiums. First appearances from this era are blue-chip investments.
Inspectable mathematical proof, blockchain/ledger provenance, data integrity validation, and asset taxonomy.
In illiquid alternative asset markets, sovereign blue-chip holdings trade at an exponential multiple over mid-grade float due to institutional accumulation and inelastic seller reservation prices.
Spider-Man's fight with the Hulk has taken them under water when the Hulk accidentally compromises the integrity of a dam. However, their fight is soon interrupted when General Ross arrives with the military, and their fire power forces both combatants to part. Secretly hitching a ride back to Montreal, Spider-Man changes back into Peter Parker. When calls to check in on Gwen, she tells Peter to come back to the States as quickly as possible because Harry has had a relapse from his previous drug overdose. Peter tells her that he has to finish business in Canada but he will be back as soon as possible. When Peter finds that he's being trailed by someone, he changes into Spider-Man and confronts them. The man explains that he was hired by Dr. Octopus to seek out Mr. Rimbaud (the man Peter had come to see in Canada), prompting Peter to go and see the man as quickly as possible. Rushing to the site of the '67 Expo where Rimbaud was discussing some business to put a new building Peter, Rimbaud, and his secretary are attacked by the Hulk. Peter changes into Spider-Man and battles the Hulk until the military scares him off again. Changing back to Peter Parker, Peter is met by Rimbaud who has important information to tell him when he's suddenly shot by a mysterious shooter and dies. With no leads to follow, Peter can do nothing but return home.
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Peter Parker is in Montreal in response to a mysterious telegram to Aunt May. While he's there, Spider-Man battles the Hulk, with General Ross being a nuisance.