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Exchange Floor Comic Equities IDWSonic the Hedgehog #195

ReadinessD

SOV

IDW Indie

Sonic the Hedgehog#195(2008)

IDW·Sonic the Hedgehog·#195·Independent·ID-3562585

Sovereign/Anchor FMV · CGC 9.8

$179.95

Liquidity Center

Raw Comic FMV

$74.99

Atomic Price

Anchor to Atomic Ratio

(2.4x)

Raw to Liquidity Center

CGC Census & Key Liquidity Rack

Universal: 7($952.35 Implied Graded Value)·~6,962 Est. Print Run·~4,866 Surviving Raw Float (69.89% surviving)

Grade	Census & Float Distribution	Copies / Slabs	Role	FMV	Sales	Total Value	Multiple
9.8	3 of 7 slabs (42.9%)	3	SOV	$179.95	3	$539.85	(2.4x)
9.6	3 of 7 slabs (42.9%)	3		$137.50	3	$412.50	(1.8x)
9.4	0 slabs	0		—	—	—	—
9.2	0 slabs	0		—	—	—	—
9.0	0 slabs	0		—	—	—	—
RAW	~4,866 surviving raw (of ~6,962 printed)	4,866	RAW	$74.99	—	$364,901	(1.0x Base)

price = verified transaction · ×n = completed sales count

Dealer Buy / Retail Sell Order Quotes·Exchange Sovereign Benchmark

Raw60.0%

$32.80 / $81.99

Last Price Data—

Trading & Valuation|PRICE DISCOVERY

Trading Terminal & Autonomous Price Discovery Engine

Domain 01 of 04•Authentic Intelligence Architecture

Execution Rails, 82-Mo Series & Liquidity Order Book

LIVE TICKS & ORDER BOOK

Interactive sovereign observation history, multi-grade order book, and verified secondary-market comps.

Subscriber Tier View:

Free Public Access

📊 CGC Census & Active Circulating Float

Anti-Census Illusion Protocol

CGC Census · Universal: 7 · Oct 9, 2026Decoupled Supply Invariant Active

Key Prices & Valuation

Multi-Grade Fair Value Anchors

CGC 9.6

Select Grade Tier to InspectVerified Comp

CGC 9.6 Fair Market Value

$137.50

RATIO TO 9.876.4%COMP

SOV ANCHOR$179.959.8 Certified

RAW FLOOR$74.992.4x spread

24h MOMENTUM0.0%Rolling Velocity

TOTAL TIERS: 19 Discrete GradesSovereign Equilibrium Active

Cross-Grade Relative Mathematics & Staggered Sales

Apex 9.8 Breakthrough Cascades Down Underlying Ladder

Empirical Comp Pricing

Pricing Mode: Discrete Empirical CompsPower-law curve inactive (insufficient fit)Direct Secondary Clearing

Verified comps empirical only · unpriced tiers remain unpricedClick any tier to inspect above

82-Month Valuation Series & Technical Simulation Engine▲

No dated prices on file for this book yet.

Trading Desk: Positions, Watchlist & Deal Radar

Included with Pro Trader and Institutional Alpha.

Realized Secondary Valuation & Comp Clearinghouse

Ground-Truth Evidence

Empirical cash settlement intelligence, cross-grade elasticity curve, and secondary liquidation velocity.

Verified Exchange Comps

Grade Elasticity & Step Multipliers

Cross-Grade Beta

Empirical step multipliers between adjacent condition tiers. Pinpoints the exponential premium transition and capital efficiency frontier.

RAW → 9.6

+$631.83×

9.6 → 9.8Frontier Sweet Spot

+$421.31×

Apex vs Floor Multiple:2.4× Expansion

Secondary Liquidity & Velocity

BALANCED LIQUIDITY

Realized turnover cadence and capital absorption depth across certified auction comps.

Comp CadenceEpisodic0 confirmed comps

Capital Cleared$0Avg $0 / ticket

Liquidation Time HorizonTarget Cash Exit

Grades 0.5–4.5 (High Liquidity):< 14 Days

Grades 5.0–7.5 (Mid Slabs):21–45 Days

Grades 8.0–9.6 (Investment):60–90 Days

Benchmark Recency:CURRENT BENCHMARK (0d ago)

Verified Secondary Sales Comps

3 Grade Comps On File

CGC 9.8

Nov 14, 2026Verified Secondary Clearinghouse

$179.95

CGC 9.6

Nov 14, 2026Verified Secondary Clearinghouse

$137.50

RAW

Nov 14, 2026Verified Secondary Clearinghouse

$74.99

Verified Cash SettlementRestored & signed excluded

Secondary Valuation Thesis & Investment Recommendation

RATING: Not Rated

Sonic the Hedgehog #195 (2008) CPR Math: Raw ($74.99) + $97.00 Hurdle → 9.8 ($179.95)

ISSUE-SPECIFIC MONETARY ANALYSIS (Sonic the Hedgehog #195):1. Negative Raw-to-Slab Spread: Acquiring Sonic the Hedgehog #195 raw at **$74.99** and paying **$97.00** in grading/pressing fees creates a **$171.99** cost basis—exceeding the **$179.95** CGC 9.8 FMV (**$130.71** net after selling friction) by **-$41.28 (-24%)**.2. Replacement-Cost Arbitrage: Because physical encapsulation costs more than the secondary 9.8 market price, submitting single raw copies destroys capital via sunk cost friction.3. Optimal Capital Allocation: Either hold ungraded raw copies at **$74.99** for low-basis optionality, or buy an already-certified **CGC 9.8** directly on the secondary market around **$179.95** (letting the previous owner absorb the $97.00 grading fee).

Wiki / Lexicon:Sonic the Hedgehog #195 ↗cost basis ↗sunk cost ↗optionality ↗

Purchasing Guidance & Market Reality ($74.99 – $179.95)

SECONDARY LIQUIDITY & FLOAT STRUCTURE:• BUYER EXECUTION PLAN: Accumulate sharp raw copies at **$74.99** and selectively bid on **CGC 9.8** slabs between **$171.88** and **$179.95**.• CENSUS & PRINT RUN FLOAT: CGC census records **7 total graded copies** with **3 in CGC 9.8** (42.9% apex ratio) against an estimated **6,962 copy print run** (~4,866 ungraded raw float; 0.1% slabbed).• REALIZED VELOCITY: Current secondary order-book pricing anchors at **$74.99** (RAW), **$137.50** (CGC 9.6), and **$179.95** (CGC 9.8). Trailing momentum: .

Wiki / Lexicon:

Sonic the Hedgehog #195 Lore: Sonic the Hedgehog

CANON SIGNIFICANCE, CREATORS & CATALYSTS:• Creative & Narrative Provenance: Released in **2008** (Independent Age · direct) by IDW, Sonic the Hedgehog #195 is published by IDW, anchoring the Sonic the Hedgehog canon.• Forward Catalyst & Valuation Driver: Supported by IDW cross-media licensing and franchise collector demand for Sonic the Hedgehog, price discovery on Sonic the Hedgehog #195 is governed by its 3-copy CGC 9.8 census scarcity and 2.4× raw-to-slab condition premium.

Comic / Wiki:IDW ↗Sonic the Hedgehog #195 ↗Sonic the Hedgehog ↗price discovery ↗census scarcity ↗

Order book settlement quotes are grounded strictly in recorded market transactions.Unpriced grades remain unpriced.

Temporal Memory & Price History▲

Market Stability ProfileEquilibrium (Organic Discovery)

Market operates purely on organic buyer and seller auction discovery. Zero artificial price interventions or emergency liquidity halts on record.

Stabilizer Events

0 on record

Lifetime Performance Metrics

CGC 9.8 Universal Anchor

Click any metric card to expand details

All-Time High

$179.95

Historical Peak

All-Time Low

$179.95

Historical Floor

Max Drawdown

−0.0%

Peak-to-Trough

Price Dispersion (CV)

0.0%

Coeff. of Variation

Avg Recovery Time

Not recovered

From −20% Drawdown

Historical Data Span

0 Days

0 Observations

Grade Census & Liquidity Breakdown

Understand how physical sales, invested dollars, and liquidity friction divide across grades.

1. Liquid Float Anchor

$179.95 9.8

Primary Market Clearing Center (CGC 9.8 Liquid Standard)

2. Sovereign Benchmark

$179.95 9.8

Direct Universal Blue Label Standard (7 CGC Slabs)

3. Raw Surviving Float

4,866 Units

Print run minus CGC census | 7 CGC Registry

4. Active 12M Market Float

— Trades

— Annual Velocity (12M trades ÷ surviving float)

Filter Grade:

EMERALD LIQUIDITY

Sales Volume

Completed market sales by grade

6MARKET SALES

HOT PINK CAPITAL

Capital Weight

Relative market value allocation

$392.44LATTICE BENCHMARK SUM

FLAME FRICTION

Spread Drag

Estimated execution friction

30%AVG SPREAD COST

1. Sales Volume Share (Velocity)Identifies which grade tiers trade most frequently. High-volume tiers offer rapid liquidity and tight turnaround.

2. Capital Weight (AUM Concentration)Demonstrates where the total invested dollars sit. High grades (9.6–9.8) command the majority of total capital pool.

3. Spread Drag (Execution Cost)Reveals the dealer bid-ask spread friction for each grade, highlighting transaction cost penalties before committing capital.

Sonic the Hedgehog#195(2008)

Execution Rails, 82-Mo Series & Liquidity Order Book

Key Prices & Valuation

Cross-Grade Relative Mathematics & Staggered Sales

Realized Secondary Valuation & Comp Clearinghouse

Secondary Valuation Thesis & Investment Recommendation

Fundamental Analysis & Valuation Engine

Lifetime Performance Metrics

Grade Census & Liquidity Breakdown

Sales Volume

Capital Weight

Spread Drag