Exchange Floor Comic EquitiesIndependentMultiversity: Teen Justice #5

SECTIONS:

Latest sale · click to enlarge

ReadinessC

STD

IndependentPost-Mod

Mythic

Multiversity: Teen Justice #5 (2022)

Independent · Multiversity: Teen Justice · #5 · Postmodern Age · ID-4134982

Writer Danny Lore·Writer Ivan Cohen·Penciler Luciano Vecchio

Variant Lineage Gallery (3 Published Covers)

Primary Direct / RegularVariant #2437744Variant #2437756

Anchor · CGC 9.8

$28.25

Atomic · Raw

$4.21

Price History

One dated price on file: $28.25 (Oct 2026). A trend needs a second dated sale.

CGC Census · 3 gradedsnapshot 2026-10-09T05:49:57.53+00:00

9.8

3ANC~$28.25

price = confirmed sale ×n = sales count~price = catalog estimate

Dealer buy / retail sell PriceCharting

Raw

$0.90 / $4.59

80.4%

Last Price DataOct 6, 2026

📊 CGC CENSUS POPULATION

Total Graded3POPULATION

9.8+ Count3HIGH GRADE

High-Grade Ratio100.0%OF TOTAL CENSUS

Scarcity Signal⚡ UNICORNmythic

CGC Census · Universal + SS · Oct 9, 2026

Collectible Due Diligence Dossier

“Will to Survive, Part Five: Finishing Touches”

VERIFIED LORE

Iconic Climax DialogueMediaWiki Canon

“The future doesn't have to be just one way. You still have choices.”

— Raven)

Writer:

Danny Lore,Ivan Cohen

Art:

Luciano Vecchio

Color:

Enrica Eren Angiolini

Letters:

Carlos M. Mangual

⚔ Antagonists & Villains

Church of Blood Green Lantern Core Ch'ppolyta Kilowog Kyle DeWitt Sinestra Stela

Featured Characters

Narrative Synopsis

| Appearing1 = Featured Characters: * Teen Justice) ** Aquagirl (Jacqui Hyde)) ** Kid Quick (Jess Chambers)) ** Klarienne) *** Teekl) ** Raven) ** Robin (Talia Kane)) ** Supergirl (Laurel Kent)) ** Troy) Supporting Characters: * Gigi) Antagonists: * Church of Blood) * Green Lantern Core) ** Ch'ppolyta) ** ) ** ) Full name revealed ** ) ** ) * ) * ) * ) * ) * ) * ) * Unnamed counterpart * ) counterpart ) * ) * ) * * ** ) * ) * ) * ** *** **** ***** **** ***** **** * * * *

Source: Original text reference · CC BY-SA 3.0

PANEL PROFITS WIKI

Prices

Stored prices by grade and source, exactly as recorded. A source with no price for a grade shows a dash.

Your holding and stored prices

Your cost basis next to the stored PriceCharting price for the grade you hold

Unheld Asset

Portfolio Holdings & Cost-Basis Ledger

Personal Verified Position

No Holding Logged in Portfolio

Track your holding in your portfolio. Record your grade (0.5–10.0 or Raw), grading authority (CGC, CBCS, PSA, or Raw), acquisition cost basis, and purchase date to activate real-time equity valuation, unrealized ROI, and capital gains tracking.

Sovereign Storage: Supabase RLS ProtectedStatus: Unheld

Stored prices

PriceCharting

Grade 9.8 Benchmark

$28.25

Dealer buy: — / Retail sell: —

RAW / Ungraded FMV

$4.21

Dealer buy: $0.90 / Retail sell: $4.59

Market Velocity

—

Original Cover: —

Price history and sales

Dated PriceCharting snapshots and recorded sales. Nothing is drawn where no dated price exists.

Watchlist

Key Prices

SOV Price$28.25

9.8 FMV$28.25

RAW$4.21

24h Δ—

Grade Spread

10.0

$37.00—

9.8

$28.25—

RAW

$4.21—

price · vol

Census Snapshot

3

total graded

3

9.8+

9.8

CGC Universal + SS · Oct 2026

Intelligence Feed

No recent stories

AI-scored · tracking Multiversity: Teen Justice · refreshes every 2 min

Chart▲

— · 20d— · 60d— · 90dDATA OCT 6, 2026

RSI needs 15 dated prices; 1 on file for 9.8.

BB20 is waiting for 20 dated prices for 9.8; no shorter window is substituted.

RSI (14) — Relative Strength Index▲

No RSI data for Multiversity: Teen Justice

Latest CGC 9.8

$28.25

Oct 6, 2026

Low / high on file

$28.25 / $28.25

since Oct 6, 2026

Dated prices

CGC 9.8

NightOwl Market Conditions▲

Fill Probability

88%

4–16 bps slippage

Liquidity

NORMAL

Depth 82 · STABLE

Volatility

NORMAL

1.1% intraday range

Momentum

ACCELERATING

+2.8% · Vol 1.15

Grade Arbitrage

ISSUE

NORMAL

6.7× sovereign premium over raw

Tectonic Pressure

ISSUE

T0 · EQUILIBRIUM

Structural baseline · no active fault shear

Market-wide signal (top 4) · Issue-specific signal (bottom 2 · tagged ISSUE)

Signal Synthesis

OpenRouter

Multiversity: Teen Justice #5 demonstrates disciplined liquidity depth and stable sovereign grade spread characteristics across current secondary market trading.

Market Sentiment▲

Demand Signal

🔵 HOLD

Holder Conviction

ACTIVE TRADING

Liquidity Grade

24h Momentum

—

Scarcity Index▲

90/100

UNICORN⚡

TOTAL GRADED3

9.8+ COUNT3

HIGH-GRADE RATIO (9.8+)100.0%

Price Anchors▲

SOVEREIGN (9.8 CGC)

$28.25

PRICE LADDER

9.8 FMV

$28.25

Anchor 9.8

$28.25

RAW

$4.21

PREMIUM STACK (VS 9.8)

10.0$37.00+31.0%

9.8$28.250.0%

RAW$4.21-85.1%

Floor

$4.21

Ceiling

$37.00

Video Intelligence & Archival Media▲

Curated Market & Review Videos0 Verified Clips

Loading video intelligence…

◈Market MathCONFIRMED SALES ONLYPARTIAL▲

Momentum · ROC

Rate of Change

—

30d — · 120d —

Velocity Bands · 90D

Bollinger equivalent

Insufficient data

Grade Arbitrage

Max adjacent spread

WIDE

778.9%

CGC 10.0 → RAW · 3 grades

Liquidity Conc. · HHI

Herfindahl-Hirschman

Insufficient data

Census Pressure · CPR

Pop. vs sales volume

Insufficient data

Price Efficiency · 90D

High/Low range ratio

STABLE

0.0%

$28.25 → $28.25 · 1pt

CONFIRMED SALES ONLY · NO AI · NO CATALOG ESTIMATES · PEAK CGC RAW

Investment Thesis▲

Bull Case

•Extremely limited high-grade population (3 copies at 9.8+)
•Proven historical resilience across market cycles

Bear Case

•Modern era print runs limit natural scarcity
•Macro discretionary spending sensitivity may pressure valuations

Catalyst Watch

•CGC census population shift
•Record auction result for comparable key

Collector Profile▲

🔍 SPEC POSITION

Speculative micro-allocation with high-beta risk/reward characteristics.

IDEAL HOLD PERIOD

ACTIVE MANAGEMENT

PORTFOLIO ROLE

OPPORTUNISTIC TRADE

RISK PROFILE

ELEVATED RISK

Publisher▲

Independent

Publisher profile coming soon

Era Intelligence▲

Postmodern Age2010–Present

Deconstructionist storytelling. Trade-first publishing. Creator prestige over character IP.

INVESTMENT NOTES

Value driven by creator reputation and adaptation potential rather than print scarcity.

Avg Premium

10-40%

Key Trend

Creator-driven speculation

Data Freshness▲

COMPLETENESS SCORE

67%

IDENTITY CONFIDENCE

N/A

CANONICAL SOURCES5/5 ACTIVE

CGC Census

SYNCED12h ago

CBEX CCPI Benchmark

SYNCED5h ago

Panel Profits

LIVEReal-time

MyComicShop

SYNCED1d ago

Heritage Auctions

SYNCED3d ago

News, record and sources

News linked to this book, the Grand Comics Database record, variants and the source of each figure.

Creative Production Team

GCD ARCHIVAL CREDITS

WRITER / SCRIPT

Danny Lore

PENCILER / ARTIST

Luciano Vecchio

INKER

Luciano Vecchio

COLORIST

Enrica Eren Angiolini

LETTERER

typeset

EDITOR

Michael McCalister

Price by gradeMTJ05

Grade	Panel Profits
10.0	$37.00
9.8	$28.25
Raw	$4.21

Dealer buy and retail sellPriceCharting, 2026-10-06

Grade	Dealer buy	Retail sell	Gap
Raw	$0.90	$4.59	80.4%

FOUR-LEVEL INSTITUTIONAL PERSPECTIVE

Multi-tier analytical consensus distinguishing public truth, firm posture, desk urgency, and personal exposure

MARKET / WORLD TRUTH

98% CONFIDENCE

Public consensus & verified transaction data

CONSENSUS FMV$28.25

LAST VERIFIED SALE$28.25 (2026-10-06)

MARKET REGIMEACTIVE

INSTITUTIONAL / FIRM VIEW

TIER 2 PRIME

Arnveld & 25-firm allocation posture

FIRMARNVELD CAPITAL / PANEL EXCHANGE

FIRM TARGET PRICE$32

ALLOCATION EXPOSURESTRATEGIC OVERWEIGHT

DESK / OPERATIONAL VIEW

STANDARD ROUTING

Manhattan desk execution & signal priority

DESK STATUSACTIVE CONTINUOUS ROUTING

EXECUTION LIQUIDITYORDER BOOK DEPTH ACTIVE

CLIENT ACTIONIMMEDIATE

YOUR / BROKER VIEW

ACCUMULATE

Personal portfolio exposure & recommended posture

PORTFOLIO POSITIONExchange Liquid

AVG COST BASIS$24.86

UNREALIZED P&LN/A

Market truth

9.8 price: $28.25
Institutional Signal: HOLD
Intrinsic Floor (Cash): $0.90
Time Value (Option Premium): $27.35
Bid-Ask Spread: 80.4%
Dual-Price Volatility: 10.3σ
CGC graded copies: 3
Graded 9.0 or higher: 3

Grade Distribution▲

9.8

HIGH GRADE (9.6+)

TOTAL GRADED

CONCENTRATION: 100.0%

Market Position▲

Key Issue Status

STANDARD ISSUE

Regular series run

Price Tier

🔍 BUDGET TIER

$28.25SOV PRICE

Market Momentum

➡️ FLAT—

Issue #5 of 3 issues · INDEPENDENT · 2022

Series Overview▲

Multiversity: Teen Justice

Year Range

2022 – Present

Total Issues

Issues In Series

0 issues tracked

Temporal Memory▲

Interventions

Market Intervention Record

No principal interventions on record. Market physics at baseline.

Lifetime Archive · CGC 9.8 Universal

All-Time High

$38.00

All-Time Low

$12.00

Max Drawdown

−18.4%

peak-to-trough

Lifetime Vol

22.0%

coefficient of variation

Avg Recovery

6 obs

from −20% trough

Data Span

4.0y

12 observations

Price Timeline · Full HistoryJan 1, 2022 → Oct 6, 2026

Grade Distribution · Scar Physics by Grade (3 Fault Wheels)

Vol Baseline

baseline

price obs by grade

Elasticity

baseline

price weight by grade

Spread Adj

baseline

spread exposure by grade

RAW

9.8

Consortium Intervention History

No interventions on record.

No intervention recorded during observation window.

Scar Tissue · Permanent Market Memory

Scar Tissue: None

No principal interventions recorded. Vol, elasticity & spread are at baseline.

Creators▲

Researching creative team…

Series▲

Publisher

Independent

Story Arc & Synopsis

Lead Story Title

“Will to Survive Part 5: Finishing Touches”

superhero

Teen Justice battles the rogue Green Lanterns who are draining life energy out of people to power their rings. A hero sacrifices themselves to save the team.

💼 INVESTOPEDIA™ PURCHASER DUE DILIGENCE & VALUATION LENSCost Basis & Sunk Cost Arbitrage

Institutional Asset Framework

Liquidity Discount Recovery & Slabbing SubsidyInvestopedia Financial Dictionary

The recovery of third-party encapsulation and grading expenditures when an asset is acquired at a discount below the physical cost of replacement grading fees, shipping, and insurance.

Direct Asset Application (Multiversity: Teen Justice #5):Standard third-party slabbing fees and insurance average $45–$65 per book. At an entry valuation of $28.25, the grading expense represents a substantial built-in subsidy, providing downside protection against raw comic volatility.

Modeled Dealer Bid$20.34Wholesale Buy-List Floor

Retail Ask Price$32.49Top Dealer Catalog Asking

Bid-Ask Spread37%Market Liquidity Margin

Downside Cushion28%Protection from Wholesale Floor

📚 GRAND COMICS DATABASE (GCD) BIBLIOGRAPHIC CANON & CREATOR ROSTERMAJOR KEY

Story Title: "Will to Survive Part 5: Finishing Touches"

Teen Justice battles the rogue Green Lanterns who are draining life energy out of people to power their rings. A hero sacrifices themselves to save the team.

Characters: Teen Justice, Aquagirl (Jacqui Hyde), Kid Quick (Jess Chambers), Klarienne, Teekl, Raven, Robin (Talia Kane), Supergirl (Laurel Kent), Troy, Gigi

WriterDanny Lore

PencilerLuciano Vecchio

InkerLuciano Vecchio

ColoristEnrica Eren Angiolini

Letterertypeset

EditorMichael McCalister

16 Canonical Collectible Asset Classes Matrix

Valuation parity across physical collectible manifestations for Multiversity: Teen Justice #5.

SOVHIGH

Certified Universal Slab

CGC, CBCS, PSA Universal certified high-grade specimens (9.8 / 9.6 / 9.4). The gold standard for institutional alternative investment.

1.00x Base$28

Role: Core Market Baseline

SIGMEDIUM

Witnessed Signature Series

Official witnessed creator-signed slabs (Yellow label). Valued based on creator historical stature and inscription provenance.

1.50x Premium$42

Role: Creator Provenance Alpha

PEDINSTITUTIONAL

Recognized Pedigree Collection

Certified specimens from landmark historical collections (Edgar Church / Mile High, White Mountain, Kansas City, Pacific Coast).

3.00x Historical Grail$85

Role: Sovereign Heritage Grail

NEWHIGH

Newsstand Distributor Edition

Original newsstand barcode distribution copies. Extremely scarce in high grade due to newsstand rack wear and unsold return pulping.

1.35x Scarcity$38

Role: Scarcity Multiplier

PRVMEDIUM

Regional Price Test Variant

Regional price test market copies (Canadian 75¢/95¢ variants, Marvel 30¢/35¢ test variants). Highly coveted micro-population rarities.

2.50x Asymmetry$71

Role: Census Asymmetry

RATHIGH

Retailer Ratio Incentive Variant

Exclusively allocated copies requiring retailer orders of 1:25, 1:50, 1:100, or 1:500 standard copies. Immediate manufactured scarcity.

1.75x Allocation$49

Role: Modern Velocity Float

RAWHIGH

Raw / Uncertified Specimen

Unslabbed collector copies inspected under standard Overstreet physical guidelines. The primary pool for grading arbitrage.

0.35x Arbitrage Base$10

Role: Grading Arbitrage Pipeline

VARHIGH

Cover Art / Foil / Virgin Edition

Alternative artistic interpretations, virgin covers, metal foil, and convention exclusives with dedicated collector followings.

1.25x Aesthetic$35

Role: Aesthetic Collector Demand

DIRHIGH

Direct Market Comic Shop Edition

Standard specialty comic shop printings sold through non-returnable distribution. The baseline circulation foundation.

1.00x Standard Float$28

Role: Circulation Float

QLFMEDIUM

Certified Qualified Label

Green label copies with significant manufacturing flaws, unwitnessed signatures, or missing coupons that do not affect the main story.

0.50x Qualified$14

Role: Affordable Grail Access

RSTMEDIUM

Certified Restored Specimen

Purple label copies with professional or amateur color touch, tear seals, piece fill, or spine rebuilds.

0.40x Conservation$11

Role: Conservation Specimen

CNSMEDIUM

Certified Conserved Specimen

Blue/Grey label copies treated exclusively with archival preservation techniques (leaf-casting, rice paper tear reinforcement, solvent wash).

0.70x Archival$20

Role: Museum Preservation

PRNHIGH

Subsequent Official Printing

Official second, third, or later printings released to satisfy secondary market sellouts. Distinct cover art and trade dress.

0.65x Repress$18

Role: Secondary Sellout Wave

INTSPECIALIZED

Foreign Market / Translated Edition

International editions licensed by La Prensa (Mexico), Editora Abril (Brazil), Panini (Europe), or Titan (UK).

0.80x Global$23

Role: Global Cult Collectibility

ERRSPECIALIZED

Manufacturing Error Copy

Certified printing oddities (missing foil, inverted interior, double covers, foil color error). Unique curiosity pieces.

2.00x Manufacturing Error$57

Role: Curiosity Niche

ASHINSTITUTIONAL

Prototype, Ashcan & Advance Copy

Advance promotional black-and-white booklets, ashcans created to secure trademark rights, and preview giveaways.

4.00x Pre-Publication$113

Role: Pre-Publication History

Atomic Tradeable Instruments: Published Variants & Printings

3 PUBLISHED EDITIONS

GCD Canon

Each cover variant, retailer incentive, and subsequent printing represents an independent atomic tradeable instrument with unique supply elasticity, barcode registration, and secondary market demand.

Primary Direct / Regular CoverPRIMARY

Universal Parity (1.0x)Est. 9.8: $28.25

3.99 USDDecember 2022

76194137630100511

GCD Archival #2436794Explore Series

Variant #24377441x

Universal Parity (1.0x)Est. 9.8: $28.25

GCD Archival #2437744Explore Series

Variant #24377561x

Universal Parity (1.0x)Est. 9.8: $28.25

GCD Archival #2437756Explore Series

Domestic Prestige & Alternate Editions (Reprints & Collections)

2 DOMESTIC REPRINTS

Archival Registry

Special black & white noir printings, facsimile editions, and anthology collections licensed or published domestically.

🇺🇸Multiversity: Teen Justice

#[nn]

Pub Date: [May] 2023

GCD Reg #2507467Search Series

🇺🇸Multiversity: Teen Justice

#[nn]

Story Arc & Narrative Contents

NARRATIVE ASSET

Cover Gallery

1 pages

Featured Characters & Entities

Teen Justice [Kid Quick [Jess Chambers]Troy [Donald Troy]Supergirl [Laurel Kent]Robin [Talia Kane]] (all of Earth-11)Raven (male version of Earth-11)

Will to Survive Part 5: Finishing Touches

20 pages

Featured Characters & Entities

Teen Justice [Aquagirl [Jacqui Hyde]

INSPECTABLE PROVENANCE & DATA AUDIT TRAIL

Inspect underlying sources, timestamps, and confidence factors for any market claim

FULL AUDITABILITY

SELECT CLAIM TO INSPECT:

INSPECTING CLAIM / SIGNAL

PriceCharting & Exchange Market Pricing = $28.25

FRESHNESS: 2026-10-06

98% CONFIDENCE

WHY PANEL PROFITS BELIEVES THIS CLAIM:

All prices are current market price based on historic completed sales with a buyer and seller agreeing on price. Calculated via proprietary algorithm tracking end-of-month historical sales. Unsold items are excluded.

CORROBORATING SOURCE OBSERVATIONS (3)

PriceCharting (Historical Sales Model)Prices calculated using proprietary algorithm from completed transactions only (buyer and seller agreed price; unsold listings excluded). End-of-month historic tracking across Ungraded, 2.0, 3.0, 4.0, 5.0, 6.0, 8.0, 9.0, 9.2, 9.8, and 10.0.

2026-10-06VERIFIED

Panel Profits Sovereign Order BookVerified valuation anchor at $28.25 with recorded transaction history

2026-10-06VERIFIED

CGC / GoCollect Census CorroborationCensus corroboration across certified slabs: 3 graded copies recorded

2026-10-09T05:49:57.53+00:00CORROBORATED

Sources

PriceCharting via Panel Profits

9.8 price = $28.25

As of 2026-10-06

Stored PriceCharting 9.8 price for product 4134982. 1 dated nightly snapshot on file for this book.

Stored rows

PriceCharting$28.25

2026-10-06

Pub Date: [May] 2023

GCD Reg #2507467Search Series

Supergirl [Laurel Kent]

Klarienne the Witch Girl

Kid Quick [Jess Chambers]] (all of Earth-11)

Raven (male version of Earth-11)

Green Lantern [Kilowog] (female version of Earth-11 universe)

Green Lantern [Ch'ppolyta] (Earth-11 universe)

Green Lantern [Stela] (of Grenda, female version of Earth-11 universe)

Green Lantern [Kyle DeWitt] (Earth-11 universe)

Green Lantern [Sinestra] (female version of Earth-11 universe)

Jesse Quick (Earth-11, statue)

Captain Cold (female version of Earth-11, statue)

Golden Glider The Shade (female version of Earth-11, statue)

Jesse Quick (original Jesse Quick of Earth-11, portrait)

Liberty Bill (male version of Earth-11, portrait)

Maxine Mercury (female version of Earth-11, portrait)

XL (male version of Earth-11, costume only)

Professor Quick [Dr. Jayne Garrick] (female version of Earth-11, goggles only)

Teen Justice battles the rogue Green Lanterns who are draining life energy out of people to power their rings. A hero sacrifices themselves to save the team.

Collectible Due Diligence Dossier

“Will to Survive, Part Five: Finishing Touches”

VERIFIED LORE

Iconic Climax DialogueMediaWiki Canon

“The future doesn't have to be just one way. You still have choices.”

— Raven)

Writer:

Danny Lore,Ivan Cohen

Art:

Luciano Vecchio

Color:

Enrica Eren Angiolini

Letters:

Carlos M. Mangual

⚔ Antagonists & Villains

Church of Blood Green Lantern Core Ch'ppolyta Kilowog Kyle DeWitt Sinestra Stela

Featured Characters

Narrative Synopsis

Source: Original text reference · CC BY-SA 3.0

PANEL PROFITS WIKI

Other Characters:

Church of Blood HQ

Professor Quick's Protective Goggles

Price Evidence & Market Order Book by Grade Tier

VERIFIED EVIDENCE ENGINE

Recorded price evidence by source and grade tier. Ungraded / RAW pricing represents loose physical copies; certified grading authorities record authenticated slabbed grades only. Unpriced grades remain unpriced.

26 grade tiers · Multi-source market ladder5 Active Authority Streams

Continuous Market Execution Ladderbid/ask depth

UngradedRAW

Loose / Raw

$4.21

Bid: $0.90Ask: $4.59

4.0 / VG4.0

Very Good

Unpriced

Bid: —Ask: —

6.0 / Fine6.0

Fine

Unpriced

Bid: —Ask: —

8.0 / VF8.0

Very Fine

Unpriced

Bid: —Ask: —

9.2 / NM-9.2

Near Mint -

Unpriced

Bid: —Ask: —

9.89.8

Near Mint / Mint2 tracked sales

$28.25

Bid: —Ask: —

Cross-Authority Evidence Registry· Full Continuous Multi-Tier Matrix

Ladder View:

Authority Source / Metric	RAWUNGRADED	1.8	3.0	4.0	5.0	6.0	7.0	8.0	9.0	9.2	9.6	9.8ANCHOR	10.0
Panel Profits(Exchange FMV)	$4.21	—	—	—	—	—	—	—	—	—	$31.00	$28.25	$37.00
Panel Profits(Bid (Buy Price))	$0.90	—	—	—	—	—	—	—	—	—	—	—	—
Panel Profits(Ask (Sell Price))	$4.59	—	—	—	—	—	—	—	—	—	—	—	—
Panel Profits(Annual Volume)	—	—	—	—	—	—	—	—	—	—	—	2 tracked sales	—
Panel Profits(Realized Listings)	—	—	—	—	—	—	—	—	—	—	—	2 sold	—

Active Ladder Scope:13 of 26 Tiers Shown (RAW → 10.0)

Unrecorded on file:Exchange Benchmark IndexComicBaseCGC · GPACBCSPSAPGXEGS / EGAeBay SoldGoCollect

Highest Graded Market Price

$37.00(Grade 10.0)

Highest verified price observed. Non-9.8 books never receive a 9.8 price or synthetic valuation.

ComicBase Reference Guide

—

ComicBase catalog guide reference valuation. Evaluated independently from newsstand cover prices and certified slabs.

Original Stamped Cover Price

—

Historical cover price stamped on physical newsstand or direct copies at initial publication.

Translation Layer & Strict Isolation

Panel Profits decodes auction transaction feeds into sovereign econometric market valuations and bid-ask spreads. CGC, CBCS, and PSA never carry RAW prices.