COMICBOOKSTOCKEXCHANGE.COM·AUTONOMOUS COMIC EQUITY EXCHANGE

UTC LIVE TIME

DEAL RADAR

MARKET CLOCKS

HOME OFFICEHOME OFFICE--:--

NYSENew York--:--

LSELondon--:--

JPX / NIKKEITokyo--:--

DFM / ADXDubai--:--

WORLD / UTC--:--

Return to Exchange Floor

Exchange Floor Comic Equities IndependentWalter Lantz Andy Panda #2

ReadinessD

SOV

Independent Bronze

Walter Lantz Andy Panda#2(1973)

Name: Walter Lantz Andy Panda #2 (CGC 9.8)
Brand: Independent
SKU: WLA02
Availability: InStock

Independent·Walter Lantz Andy Panda·#2·Bronze Age·ID-8136490

Sovereign/Anchor FMV · CGC 9.8

$3.49

Liquidity Center

Raw Comic FMV

$3.49

Atomic Price

Anchor to Atomic Ratio

(1.0x)

Raw to Liquidity Center

CGC Census & Key Liquidity Rack

Universal: 1

Grade	Census & Float Distribution	Copies / Slabs	Role	FMV	Sales	Total Value	Multiple
9.8	0 slabs	0	SOV	$3.49	—	—	(1.0x)
9.6	0 slabs	0		—	—	—	—
9.4	0 slabs	0		—	—	—	—
9.2	0 slabs	0		—	—	—	—
9.0	0 slabs	0		—	—	—	—
RAW	Raw Uncertified Copies	—	RAW	$3.49	—	—	(1.0x Base)

price = verified transaction · ×n = completed sales count

Dealer Buy / Retail Sell Order Quotes·Exchange Sovereign Benchmark

Raw78.9%

$0.80 / $3.79

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: 1 · Oct 9, 2026Decoupled Supply Invariant Active

Key Prices & Valuation

Multi-Grade Fair Value Anchors

RAW

Select Grade Tier to InspectVerified Comp

Ungraded Raw Cash Baseline

$3.49

RATIO TO 9.8100.0%COMP

SOV ANCHOR$3.499.8 Certified

RAW FLOOR$3.491.0x 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

96.5% FIT (R² 0.965)

Empirical Decay Exponent: γ = 3.85P(g) = P_Apex · (g / 9.8)^γApex Staggered Lift Active

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.

Sovereign single-tier benchmark on file.

Apex vs Floor Multiple:1.0× 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

1 Grade Comps On File

RAW

Nov 14, 2026Verified Secondary Clearinghouse

$3.49

Verified Cash SettlementRestored & signed excluded

Secondary Valuation Thesis & Investment Recommendation

RATING: Not Rated

Walter Lantz Andy Panda #2 (1973) Capital Math: Raw ($3.49) → CGC 4.0 ($6.46)

ISSUE-SPECIFIC GRADING & COST BASIS (Walter Lantz Andy Panda #2):1. Surviving Condition Reality: For Walter Lantz Andy Panda #2 (1973, Bronze Age), an average ungraded raw copy at **$3.49** corresponds to a surviving 4.0 condition specimen—never a CGC 9.8 (museum-tier unicorn at $15.71).2. CGC Vintage ($45 tier) Fee Schedule: Encapsulating at $6.46 FMV incurs **$45.00** CGC grading + **$30.00** CCS pressing + **$55.00** insured transit (**$130.00** total grading hurdle), establishing an all-in cost basis of **$133.49**.3. Net Realized Spread: Clearing a certified **CGC 4.0** at $6.46 ($-19.70 net after eBay fee of $1.16 and insured shipping) generates **-$153.19 (-114.8%)** realized gain while eliminating uncertified restoration risk.

Wiki / Lexicon:Walter Lantz Andy Panda #2 ↗ungraded raw copy ↗cost basis ↗realized gain ↗

Purchasing Guidance: Buy Certified CGC 4.0–8.0 ($3.49 – $8.72)

SECONDARY MARKET REALITY & BUYER STRATEGY:• OPTIMAL ENTRY TIER: Target Universal Blue Label **CGC 4.0** ($6.46) to **CGC 8.0** ($8.72) slabs. Buying raw at $3.49 exposes capital to color-touch, trimming, or married-page restoration rejection unless inspected in person.• CLEARINGHOUSE DEPTH: Secondary benchmark pricing spans from $3.49 (Raw) through $6.46 (CGC 4.0 modal anchor) to $15.71 (Apex 9.8).• ELASTICITY & FLOAT: Registered census scarcity stands at 1 total CGC slabs (scarce apex). Stepping from CGC 4.0 ($6.46) to CGC 8.0 ($8.72) commands a **1.35×** price discovery multiple.

Wiki / Lexicon:census scarcity ↗price discovery ↗

Bronze Age Provenance: Andy Panda

ISSUE LORE, CREATOR CANON & MACRO DRIVERS:• Bibliographic Authority: Published in **1973** by Independent, Walter Lantz Andy Panda #2 is published by Independent, featuring Andy Panda alongside Charlie Chicken, Uncle Gawn, The Horseless Horseman. Lead story: *"The Horseless Horseman"*. Andy and Charlie discover the secret of The Horseless Horseman who has been haunting Uncle Gawn's castle....• Float Lockup & Catalyst Horizon: Driven by Independent cross-media licensing and franchise collector demand for Andy Panda and permanent scarcity (1 graded slabs), institutional collectors treat mid-to-high grade Universal slabs as core key issue holdings.

Comic / Wiki:Independent ↗Walter Lantz Andy Panda #2 ↗Andy Panda ↗Charlie Chicken ↗Uncle Gawn ↗The Horseless Horseman ↗scarcity ↗key issue ↗

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

$3.49

Historical Peak

All-Time Low

$3.49

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

$3.49 9.8

Where 96% of Trades Clear (CGC 4.0–6.0 Workhorse)

2. Sovereign Benchmark

— 9.8

Top-Pop Trophy Asset (Rare Census Slabs)

3. Raw Surviving Float

— Units

Print run minus CGC census | 1 CGC Registry

4. Active 12M Market Float

— Trades

— Annual Velocity (12M trades ÷ surviving float)

Filter Grade:

EMERALD LIQUIDITY

Sales Volume

Historical price records

UNINDEXED COHORT VOLUMENo secondary auction fills or census distribution recorded.

HOT PINK CAPITAL

Capital Weight

Relative market value allocation

$3.49LATTICE BENCHMARK SUM

FLAME FRICTION

Spread Drag

Estimated execution friction

38%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.

Audit Trail & Verified Provenance

CRYPTOGRAPHIC AUDIT

Inspectable mathematical proof, blockchain/ledger provenance, data integrity validation, and asset taxonomy.

💼 PURCHASER DUE DILIGENCE & VALUATION FRAMEWORKCost Basis & Sunk Cost Arbitrage

Institutional Asset Framework

Liquidity Discount Recovery & Slabbing SubsidyValuation Reference

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 (Walter Lantz Andy Panda #2):Standard third-party slabbing fees and insurance average $45–$65 per book. At an entry valuation of $3.49, the grading expense represents a substantial built-in subsidy, providing downside protection against raw comic volatility.

Modeled Dealer Bid$2.51Wholesale Buy-List Floor

Retail Ask Price$4.01Top 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: “The Horseless Horseman”

Andy and Charlie discover the secret of The Horseless Horseman who has been haunting Uncle Gawn's castle.

Creator Lineage & Production Roster

VERIFIED ARCHIVAL CREDITS

WRITER / SCRIPT

PENCILER / ARTIST

INKER

COLORIST

LETTERER

Transaction Comps & Entity Isolation Ledger

Strict algorithmic segregation separating clean single-issue Cover A sales from multi-issue lot bundles, retailer exclusives, and foreign variants.

0 Clean Comps0 Filtered Out

Total Analyzed

Market transactions

Accepted Clean Comps

Governing FMV / ATH

Filtered Sales

Contamination purged

Signal Purity

100%

Zero noisy lots

Inspectable Provenance & Evidence Registry

Included with Institutional Alpha.

ATH Certificate Provenance Ledger

Included with Institutional Alpha.

Data Freshness▲

COMPLETENESS SCORE

50%

IDENTITY CONFIDENCE

N/A

CANONICAL SOURCES5/5 ACTIVE

CGC Census

SYNCEDOfficial Census

CBEX Exchange Ledger

LIVEVerified Secondary Sales

PriceCharting Benchmark

SYNCEDBenchmark Feed

Walter Lantz Andy Panda#2(1973)

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

Canon, Lore & Cultural Authority

Story Arc & Synopsis

“The Horseless Horseman”

Audit Trail & Verified Provenance

Creator Lineage & Production Roster

Transaction Comps & Entity Isolation Ledger

Story Arc & Narrative Contents

Cover Gallery

Sequence #1

The Horseless Horseman

The Defective Detective

1. “Walter Lantz Andy Panda #2”

Synopsis for “Walter Lantz Andy Panda #2”