The Mycomicshop Consignment Service
What is consignment?
When you consign a comic book with us, we help you sell your comics through our web site. You don't pay anything until your item sells. Once a consigned item has sold, we charge a commission based on the sale price. We pay you the amount of the sale minus our commission. When you consign a comic with us, you choose how you want to sell it: either as a fixed price listing where you set the asking price, or in our monthly auction.
What comics are currently consigned with mycomicshop?
What can be consigned?
- Any comic book with an estimated retail value of about $50 or more is eligible for consignment. You can look up any issue in our online buying database and it will tell you the minimum grade that would be eligible for consignment based on our estimated retail values for that issue. If you are not a comic collector and are unfamiliar with comic prices, please be aware that most comics published 1980 or later, and many lower grade comics from the 1960s and 1970s, will not be valuable enough to be eligible for consignment.
- Comics graded by CGC and PGX: all slabs graded 9.8 or higher are eligible for consignment. Grades lower than 9.8 are eligible if the estimated retail is about $25.00 or more.
- Comic book original art is eligible for consignment.
- A note about rare variants: If you have a rare variant edition that you know typically sells for more than $50, but your variant isn't listed in our database or is showing as not being eligible for consignment, please email email@example.com about it. If we can confirm that it typically sells for more than $50, or if it's rare enough that we have not previously listed a copy in our database, we will accept it on consignment.
- Currently, graphic novels and hardcover books may not be consigned.
How do I start consigning comics?
- (Optional) If you have not consigned with us before, we suggest that you first contact our
consignment director so that she can answer any questions you may have:
Phone 682-232-4855 available 9:00AM-5:00PM CST, Monday-Friday
- Use the Record Items page in our online buying system to record
the comics that you have, as follows:
- On the Record Items page, type in the title of the comic you want to record in the "Title" box and click the "Search" button. For example, if you typed "Green Lantern" in the search box, you would see these results with Green Lantern in the title.
- Review the list of titles matching your search, and click the title corresponding to the issue(s) that you have. Continuing the example, I might click the title Green Lantern (1960 1st Series DC).
You will then see a list of all the issues belonging to that title. Locate the issues you have. To the right of each issue row, it will tell you what grades, if any, are eligible for consignment, as shown in the screenshot below:
- What grade should I list?
- If your comic has been graded by CGC or PGX: Click the "CGC" or "PGX" link in the upper right corner of the issue row to bring up a recording panel for CGC or PGX comics.
- If you are an experienced comic grader: Specify the grade to the best of your ability. Please do not intentionally overgrade your comic to meet the minimum grade eligible for consignment.
- If you are not familiar with comic grading: Please select the grade highlighted in green, which represents the most common grade based on the age of the issue. Choosing the highlighted grade will help you avoid overestimating the grade and value of your comics.
- To record a comic, put a "1" in the Quantity column box to the right of the grade you have selected, then click the "Submit" button. If you have multiple issues on the same page, you can put the "1" in the appropriate Quantity box for each issue, and only click the "Submit" button once after you've listed all issues on the page.
- You can review the comics that you've recorded at My Comic Books.
- When you've finished listing your comics, click the Submit items for consignment link in the yellow box at the top of the page. You use this page to open a new consignment transaction with us. We will ask for your return address, so we know where to mail your payment.
What happens after I start a new consignment transaction?
- After you submit a new consignment transaction, we will review it and approve it. As soon as we've approved it, we will email you a link to information about packing and shipping your comics to us.
- You will print out a one-page shipment invoice we provide that lists the comics you're sending in, and you'll include this invoice in the package that you ship to us. The invoice helps us identify the comics when we receive them, and helps us verify that everything is present and accounted for.
- If you have multiple consignment or sale transactions to send to us at the same time, you are welcome to include all the transactions together in the same physical shipment. Please just include the invoice for each transaction.
- After we receive your shipment, we will grade the comics and record high quality scans of the front and back cover. While in our possession, your comics are stored in our high-security inventory storage facility and are fully insured against flood, fire, theft, and damage.
- Once your comics have been processed, we will send you an email letting you know that they are ready. You then use your consignment account page to set them up for sale. For each item, you can either specify an asking price to list it as a fixed price item, or you can assign it to an upcoming auction.
- You can monitor the status of your consignment items at any time from your consignment account page. This page lists both the items you currently have available for sale as well as the items you have previously sold.
What if my comics grade lower than expected?
You should not send comics in for consignment unless you are willing to accept our grading. All consigned comics (except for CGC or PGX slabs) will be listed for sale at the grade that we assign. We take care to grade your comics fairly and accurately according to our grading standards.
If we grade a comic a little lower than the grade you assigned when submitting it, it's usually not an issue. However, if you've listed a comic at close to the minimum grade eligible for consignment, and we grade the comic lower, we will decline to accept the comic for consignment if the expected retail value at the grade we've assigned is under $25. In this case, we will make you an offer for those of your comics that were not eligible for consignment, and you will have the option either of selling them to us or having them returned to you. If you choose to have them returned to you, the return cost is calculated as follows: $4.00 base charge plus $0.50 per item for grading, handling, and shipping. If you would like insurance on the return shipment, we can provide it for $1 per $100 in insured value.
When and how do I get paid?
We issue payments weekly. We can issue your payment by mailing you a check, by sending the money to your PayPal account (subject to PayPal's 3% fee for receiving business-related payments), or by issuing the payment directly to your mycomicshop account as cash-equivalent store credit (cash-equivalent credit can be spent on anything we offer, including auction and consignment items). Most payments will be issued within 7-10 days after your item has sold, though payment for more expensive items may take somewhat longer, at our discretion.
What are your fees?
The only fee we charge is a commission when your comic sells, as detailed below. The commission is the same for sales made via the fixed price and auction formats. Unlike eBay, there are no listing fees, and you do not lose 3% of each sale if the buyer of your item pays with credit card or PayPal.
- 10% commission on sales less than $300, with a minimum commission of $5.00 per item sold.
- 7% commission on sales of $300 up to $2999.99.
- 4% commission on sales of $3000 or more.
How much is the buyer's premium?
A 3% buyer's premium applies to all purchases of consignment items. This amount is charged to the buyer during checkout. The buyer's premium does not reduce the amount paid to you, the consignor. For example, if somebody bought a consignment comic priced at $100, he would pay $100 plus a $3 buyer's premium. The consignor would be paid based on a $100 sale. The buyer's premium helps us cover our operating costs while allowing us to keep our commission rates as low as possible.
Do I have to commit to a minimum amount of time? What if I want my comics back?
There is no minimum commitment period for your consignments. It has been extremely rare for a consignor to request the return of an unsold comic. If you are willing to price it at a reasonable level or put it in the auction, you will be able to sell it.
If you request that we return comics to you, we charge a base $5.00 charge per shipment, with higher shipping and insurance costs possible depending on the value of the shipment.
How does the fixed price sales format work?
Once your item has been scanned and filed, you set an asking price. We provide information to help you determine the appropriate price for your comic, including the prices of any other copies of the same issue currently for sale, and previous sales data from mycomicshop and GPA, a comic pricing research service. We can also provide free personalized pricing recommendations upon request.
Your item will be listed for sale simultaneously on the mycomicshop web site and the mycomicshop store on eBay. The mycomicshop web site is the highest traffic comic book sales site on the web: view our traffic stats. The mycomicshop eBay store is the highest volume, most-viewed comic seller on eBay. This combination provides maximum visibility for your consignments. When a large number of potential buyers are looking at your comics, you will be able to sell your comics faster and at higher prices than if you were selling in a market with fewer buyers.
You can modify your prices at any time from your consignment account page. For example, you might start something out at $200, and if it hasn't sold after a month, decide to drop the price to $180, and so on, until the item has sold. You can also switch an item from fixed price to auction at any time.
Free eBay listings for fixed price items
All fixed price consignments will receive free listings in the mycomicshop store on eBay. You do not pay any listing fees because we cover the listing fees for you. When the item is posted to eBay we bump up the listed price to essentially cancel out the eBay and PayPal fees, so that you make the same amount of money regardless of whether the sale occurs on mycomicshop or eBay.
Example: If you currently have specified a $100 price on a comic, that comic would be listed for sale at $100 on mycomicshop.com, but it might be posted to eBay at $112, so that after eBay and PayPal take their cuts from the sale price, the amount remaining is $100. You would be paid based on a $100 sale, and our commission would be calculated against a $100 sale, not a $112 sale.
How does the auction sales format work?
We run a monthly comic book auction on mycomicshop.com. Almost all of our auctions are no reserve auctions with bids starting at $1.00. If you have an item with an expected value of $500 or more and would like to set a minimum bid higher than $1.00, you may do so. Please speak with our consignment director Este Bagato at firstname.lastname@example.org or 682-232-4855 if you would like to discuss your options.
High visibility means higher auction prices: One of the keys to getting high prices for your auctions is having as many people as possible viewing and participating in the auctions. Here are some of the ways we bring collectors to your auctions:
- The items in the auction are promoted in emails to the 21,000+ members of the mycomicshop mailing list. Our mailing list is 100% opt-in and is carefully maintained to remove inactive or invalid email addresses. The subscribers to our newsletter are active comic readers and collectors.
- When auctions start, email notices are sent to all mycomicshop registered users who have one of the auction items on their want list. With over 215,000 registered users, this represents an easy, direct way to bring in bidders who have already indicated their interest in your item. When you are using the consignment account page to choose items to put in the auction, we report to you how many users have an issue on their want list, and how many have added it to their want lists within the past six months. This information can help you measure the amount of demand for a comic.
- A link to the auctions is prominently featured in the header of mycomicshop.com. In the weeks leading up to a new auction, we show a preview of the items scheduled to appear.
- By scheduling our auctions as monthly groups, we make it easy for bidders to keep track of everything that goes up for auction. They return to bid once a month and know that they won't miss anything. Consolidating auctions into monthly groups also helps bidders save on shipping costs. By contrast, with an eBay auction, you're hoping that enough interested bidders will happen to find your auction during the seven day window your auction is running. If a potential bidder doesn't happen to be looking at the right time, he'll never know about your auction.
- We advertise extensively on Google, advertising network and on sites frequented by high-end comic collectors such as CGC and GPA.
Non-paying bidders: Bidders are expected to pay for their auction winnings within one week of the end of the auction, and most bidders follow through with prompt payment. If the winning bidder has not paid for an item within one week of the end of the auction, the auction may be canceled and made available for relisting. Bidders who do not follow through with payment for the items they win will be blocked from bidding in future auctions. We cannot completely eliminate non-paying bidders, but we do our best to minimize the occurrence. At our discretion, and if the consignor agrees, we may offer an unpaid item to the underbidder(s) on the item for purchase as a second chance offer.
Can I trust a no reserve auction? What if my item sells for too little?
In our experience, the no reserve, $1.00 start format attracts more bidders and results in higher average winning bids than auctions that set a reserve price or start the bidding close to the desired sale price. Buyers prefer no reserve auctions, and more bid activity results in higher final bids.
There are enough bidders participating in our auctions that you can generally count on getting a good auction price that is an accurate reflection of the market demand. Like all auctions, there are no guarantees: some items go for more than expected, and some for less, but you generally do not need to worry about your item going for almost nothing, as can sometimes happen with eBay auctions where only one person bids.
How long will it take my comic to sell?
The quickest way to get a guaranteed sale is to put your comic in our monthly auction and let the market demand determine the price. If you list your comic as a fixed price item, the time to sell depends on the demand for the comic and how aggressively you price it relative to the current market rate. If priced competitively, it's not unusual for fixed price consignments to sell within their first month of being listed. How aggressively you price is up to you; if you have a rare comic that does not come up for sale very often, you're welcome to price it somewhat higher and wait for the right buyer to come along, or price it lower and move it more quickly.
What format should I use when selling? Fixed price or auction?
The fees are the same for both formats. Both options are effective, and the choice of how you want to sell is a matter of personal preference. If you have not sold in the auction before, we suggest you try a small number of items at first, and if you are pleased with the results, then continue by putting more items in the next auction. Some consignors sell all their items as fixed price, some sell entirely through the auctions, and some use a mix of the two.
What if I have a comic in a damaged CGC case?
If you have CGC-graded comics with damaged cases, we can send them in to CGC to be recased. This service costs $15 per comic (possibly more if insurance is required). If the damage is severe enough, we will not sell the comic as-is and will contact you to see how you'd like to handle it. We can either send the comic in to be recased, or we can remove the comic from the slab and sell it as a non-CGC comic, whichever you prefer.
What if I want to get my comic graded by CGC?
If you have comics that you would like to have graded by CGC, we can handle the submission for you. We can also provide recommendations about when it would be cost-effective to have a book graded by CGC, and when it might not be worth the expense.