SCPI Performance 2002 to 2006
The SCPI is the Silver-Age Comic Price Index. It is a composite of prices for 32 frequently traded key Silver-Age books.
From 2002 through 2006, the SCPI grew 388 points or 38.8% This is an average of approximately 9% per year. The period from 2002 through 2004 saw growth of 295 points, while the period from 2004 to 2006 accounted for only 93 points. In other words, prices rose steeply for the first two years, then grew slowly for the next two years. Note: in another post I will show that 2007 is looking strong so far.
The issues that contribute to the SCPI are weighted so that the higher market share titles make up a larger part of the composite. The graph below, shows the SCPI again, but this time you can see the contribution of the various titles.
All of the "big 3" Silver-Age titles, ASM, FF and X-Men rose in the 4-year period. However, as a percentage of their 2002 values, Amazing Spider-man rose a little less than Fantastic Four or X-Men. This may be due to the fact that by 2002, ASM were already far more expensive than comparable issues of the other major titles. For example, between 2002 and 2006,
This observation may lead a speculator to a somewhat contrarian stance. That is, invest in the titles that are currently out-of-favor because they have the most potential to grow. Indeed, the table below shows the SCPI issues ranked by market performance.
Top performers included Journey into Mystery, Tales to Astonish and Tales of Suspense. However, before you rush out and buy every minor title key, consider the dismal performance of Captain America, Daredevil, Incredible Hulk, and Batman. Like stocks of larger companies, more popular titles deliver consistent, but less exceptional performance. Lesser-known titles offer the potential for higher gain but with more inherent risk.
Contrary to popular opinion, some of the best performing books are in the low or mid-grades. Keep in mind, however, that these low and mid-grade books are "super-keys" like TOS #39 in 4.0 (first appearance of Iron Man). I don't know if a typical Silver-Age book in 4.0 would have experienced this kind of growth.
In conclusion, Silver-Age key issues have shown a healthy increase in value since 2002. Furthermore, while the gain has been more than inflation, it has not been so rapid as to be obviously unsustainable.
See also
What Comic Books are Included in the SCPI
Why Create a Silver Age Comic Price Index?
From 2002 through 2006, the SCPI grew 388 points or 38.8% This is an average of approximately 9% per year. The period from 2002 through 2004 saw growth of 295 points, while the period from 2004 to 2006 accounted for only 93 points. In other words, prices rose steeply for the first two years, then grew slowly for the next two years. Note: in another post I will show that 2007 is looking strong so far.
The issues that contribute to the SCPI are weighted so that the higher market share titles make up a larger part of the composite. The graph below, shows the SCPI again, but this time you can see the contribution of the various titles.
All of the "big 3" Silver-Age titles, ASM, FF and X-Men rose in the 4-year period. However, as a percentage of their 2002 values, Amazing Spider-man rose a little less than Fantastic Four or X-Men. This may be due to the fact that by 2002, ASM were already far more expensive than comparable issues of the other major titles. For example, between 2002 and 2006,
- ASM #14 in CGC 7.5 rose from $727 to $1011 (39% gain)
- X-Men #12 in CGC 8.0 rose from $199 to $314 (57% gain)
This observation may lead a speculator to a somewhat contrarian stance. That is, invest in the titles that are currently out-of-favor because they have the most potential to grow. Indeed, the table below shows the SCPI issues ranked by market performance.
Top performers included Journey into Mystery, Tales to Astonish and Tales of Suspense. However, before you rush out and buy every minor title key, consider the dismal performance of Captain America, Daredevil, Incredible Hulk, and Batman. Like stocks of larger companies, more popular titles deliver consistent, but less exceptional performance. Lesser-known titles offer the potential for higher gain but with more inherent risk.Contrary to popular opinion, some of the best performing books are in the low or mid-grades. Keep in mind, however, that these low and mid-grade books are "super-keys" like TOS #39 in 4.0 (first appearance of Iron Man). I don't know if a typical Silver-Age book in 4.0 would have experienced this kind of growth.
In conclusion, Silver-Age key issues have shown a healthy increase in value since 2002. Furthermore, while the gain has been more than inflation, it has not been so rapid as to be obviously unsustainable.
See also
What Comic Books are Included in the SCPI
Why Create a Silver Age Comic Price Index?
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