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Exchange Floor Comic Equities IndependentMarvel Masterworks: Sub-Mariner #1

ReadinessF

ANCHOR · CGC 9.8

Independent Indie

Marvel Masterworks: Sub-Mariner#1(2004)

Name: Marvel Masterworks: Sub-Mariner #1 (CGC 9.8)
Brand: Independent
SKU: MMS01
Availability: InStock

DM Vol. 32 - Hardcover

Independent·Marvel Masterworks·Sub-Mariner·#1·Independent·ID-9212406

Anchor FMV · CGC 9.8

$305.55

Liquidity Center

Raw Comic FMV

$305.55

Atomic Price

Anchor to Atomic Ratio

(1.0x)

Raw to Liquidity Center

Dealer Buy / Retail Sell Order Quotes·Exchange Sovereign Benchmark

Raw50.0%

$168.00 / $336.00

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

Key Prices & Valuation

Multi-Grade Fair Value Anchors

RAW

Select Grade Tier to InspectVerified Comp

Ungraded Raw Cash Baseline

$305.55

RATIO TO 9.8100.0%COMP

SOV ANCHOR$305.559.8 Certified

RAW FLOOR$305.551.0x 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

$305.55

Verified Cash SettlementRestored & signed excluded

Secondary Valuation Thesis & Investment Recommendation

RATING: Not Rated

Marvel Masterworks: Sub-Mariner #1 (2004) Capital Math: Raw ($305.55) → CGC 4.0 ($565.27)

ISSUE-SPECIFIC GRADING & COST BASIS (Marvel Masterworks: Sub-Mariner #1):1. Surviving Condition Reality: For Marvel Masterworks: Sub-Mariner #1 (2004, Independent Age), an average ungraded raw copy at **$305.55** corresponds to a surviving 4.0 condition specimen—never a CGC 9.8 (museum-tier unicorn at $1,375).2. CGC High Value ($105 tier) Fee Schedule: Encapsulating at $565.27 FMV incurs **$105.00** CGC grading + **$70.00** CCS pressing + **$55.00** insured transit (**$230.00** total grading hurdle), establishing an all-in cost basis of **$535.55**.3. Net Realized Spread: Clearing a certified **CGC 4.0** at $565.27 ($464.97 net after eBay fee of $75.30 and insured shipping) generates **-$70.58 (-13.2%)** realized gain while eliminating uncertified restoration risk.

Wiki / Lexicon:Marvel Masterworks: Sub-Mariner #1 ↗ungraded raw copy ↗cost basis ↗realized gain ↗

Purchasing Guidance: Buy Certified CGC 4.0–8.0 ($305.55 – $763.11)

SECONDARY MARKET REALITY & BUYER STRATEGY:• OPTIMAL ENTRY TIER: Target Universal Blue Label **CGC 4.0** ($565.27) to **CGC 8.0** ($763.11) slabs. Buying raw at $305.55 exposes capital to color-touch, trimming, or married-page restoration rejection unless inspected in person.• CLEARINGHOUSE DEPTH: Secondary benchmark pricing spans from $305.55 (Raw) through $565.27 (CGC 4.0 modal anchor) to $1,375 (Apex 9.8).• ELASTICITY & FLOAT: Registered census scarcity stands at Independent Age surviving population. Stepping from CGC 4.0 ($565.27) to CGC 8.0 ($763.11) commands a **1.35×** price discovery multiple.

Wiki / Lexicon:census scarcity ↗price discovery ↗

Independent Age Provenance: Marvel Masterworks: Sub-Mariner

ISSUE LORE, CREATOR CANON & MACRO DRIVERS:• Bibliographic Authority: Published in **2004** by Independent, Marvel Masterworks: Sub-Mariner #1 is published by Independent, anchoring the Marvel Masterworks: Sub-Mariner canon.• Float Lockup & Catalyst Horizon: Driven by Independent cross-media licensing and franchise collector demand for Marvel Masterworks: Sub-Mariner and permanent scarcity (tight surviving float), institutional collectors treat mid-to-high grade Universal slabs as core key issue holdings.

Comic / Wiki:Independent ↗Marvel Masterworks: Sub-Mariner #1 ↗Marvel Masterworks: Sub-Mariner ↗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

$305.55

Historical Peak

All-Time Low

$305.55

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

$305.55 9.8

Primary Market Clearing Center (CGC 9.8 Liquid Standard)

2. Sovereign Benchmark

— 9.8

Direct Universal Blue Label Standard (— CGC Slabs)

3. Raw Surviving Float

— Units

Print run minus CGC census | — 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

$305.55LATTICE 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.

Marvel Masterworks: Sub-Mariner#1(2004)

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