lou_fine

drop down box > Sold Well, try puching in Action Comics #1 and it'll return you 554 entries, with none of them appearing to be Action Comics 1 from what I can see from just the first page.

Sad to say though, never should have been opened as this is nowhere close to be being fully loaded or even functional to any usable extent. Hopefully still a work in progress or else I certainly feel sorry for any sellers that might have consign any books to them.

Happy and glad to hear. Yes indeed, let's get back to the fun discussion about the falling prices of AF 15, or should we change it to the rebounding prices of AF 15 according to a couple of recent sales as pointed out by a few boardies here.

Very nice to know that there are a few small early runs in there as my initial thought was that the Windy City was made up entirely of #1 issues only. Gary; Do you remember what kind of condition these early Famous Funnies and pre-hero DC books were in? Very timely as we were just talking about the early New Comics run in another thread on the GA boards here and sad to say, it looks like this is another collection that is missing the apparently super rare New Comics 2 from the collection itself. I guess it's only a matter of time before a half decent copy comes along, but the current CGC census indicates that still only 5 unrestored Universal copies of this book have been slabbed after 20 long years, with the highest graded still being only a CGC 2.0 graded copy.

+1 Yes, absolutely love reading riveting stories like these about how some of the very early pedigree collections were compiled by the original owners back in the day and then how they were eventually found by the dealers and subsequently brought to market. Makes me feel like I was right there with them through the whole process. I am certainly glad to hear that the long awaited Pedigree Book is suposedly off the bench and back in play again. Especially if they have "origin" stories like this one here which was the original intent of the Pedigree Book, and less focus on all of the CGC related stats which they seem to be drifting towards when the book got benched several years ago. Never get of the "origin" stories behind these collections, and they definitely should not take precedence over dated stats which are most likely alrready out-of-date by the time the book is published.

If you are still interested in these 5 books after such a long time since your last post here, you should probably dig up one of the old Overstreet price guides from back in the 80's/90's or thereabouts. I believe he had a section in there which ran for several years in which it specifically talked about this particular time period, the players involved such as Harry Wildenberg, Gaines, etc, and how these books (and these 5 in particular) came about.

I think I'm going to let this little back-and-forth end here. You were walking right up to the line of disrespecting the perfectly reasonable choices I've made as a collector, and this pretty much crosses it. For the record, I never said it was my intention to leave 15,000 books behind. What I did say is that I'm still in my 40s, hopefully a very long way from having to sell off my collection, but since life is unpredictable I did want to prepare as much as I can now. You seem like a smart guy, and very well respected around here. I would humbly suggest you give serious thought to dialing back on trying to tell other people what they should or should not be doing with their collections. And don't ever comment on another person's family or what they might think of that person in a hypothetical scenario of your own creation. Sorry that you took my comments the wrong way as I certainly didn't mean to disparage you in anyway at all. What to do with your collection is a topic that has been brought up many times here in the past and in fact, they have another active one going on right now on the GA boards. I was just trying to add a bit of humour to it, since similar types of sentiments have been expressed by other board members in the past. Obviously it would appear that you took it the wrong way and I sincerely do apologize if I have offended you in any way, because that was not my intention at all. BTW: Kudos to you as it definitely does sound like you have put a lot of thinking into your long term plans for your collection, which is certainly something that I cannot say about myself.

All I can say is what's the point of paying big dollars to go to a comic book convention when there are really even no comic book dealers there.

I did ask the seller who moved these books if he had any such info, alas not. Were these the only 2 Irene Claxton books that the seller had or were are of, or were their quite a few other books from her collection which he had for sale?

Well, unless it's for tax planning purposes, if you are really thinking of leaving 15,000 books for your family to deal with after you've gone to the big comic shop in the sky, then you must have a real hate on for them. Especially since it sounds as though they don't care for the books at all and have absolutely zero understanding of the hobby, leaving them with 15,000 books to deal with will certainly leave them with deep and long lasting painful thoughts of you from beyond the grave. Seriously, even though I have only a fraction of the number of books which you have in your massive collection, my better half has made it quite clear that they wouldn't want to be stuck with having to deal with all of it afterwards. For family members who have no interest or zero knowledge of the hobby at all, they would most definitely see something of this magnitude (i.e. 15,000 books) as an additional burden being placed on them. Now, if you are talking about select copies of vintage higher dollar comics that are valued in the 4/5-figures or more that can easily be disposed off through an auction house, then that is definitely a completely different story. As I have stated many times before, it is a whole lot easier to sell one $10,000 comic book, as opposed to 1,000 $10 comic books in today's marketplace. Nothing so drastic that will make your certified books "obsolete" as they will always have more value as compared to raw books. More like ongoing changes which they keep making to their own certification system which might not necessarily maximize your dollars if they are not sent back into CGC to reflect current changes which they have made. For example, if you had a previously graded book that was designated as a restored PLOD book with either cleaning or tear seals, do you not think you could get more money for it if it was now residing in a quasi Blue/Grey Conserved case or if it was now an unrestored Universal copy in terms of simply having CCS remove the tear seal on the book? Do you not think your mid-grade Harold Curtis, Eldon, Cookville, etc, books might fetch you a few more dollars if they were removed from their old non-pedigree non-designated regular cases and sent back into CGC to be slabbed in those brand spanking new pedigree cases? Just imagine how many more changes CGC will be instituting over the years just so they can ensure the exact same previously slabbed book is being sent back into them for additional revenue generating services going forward.

Well, she definitely had a long life. Did you get a chance to research anything about the size and collecting time period of her comic book collection?

This is a perfect example of a case where I find the CGC Universal grade to be totally misleading and useless. This is where the consignor should have had the book graded with a Green Qalified label because it sure as heck looked much nicer than your normal CGC 1.0 graded book save for the missing coupon which is probably the rreason they took it all the way down to a 1.0 grade.

Thanks, but mainly it was having a newfound love of the hobby combined with a nearly empty wallet. The book cost me a whopping $10! Well, you must have really stuck the knife in poor Chuckie when he was down and out and desparate for money since he had the book listed in his MH Catalogue in Fine condition for the riduculous sum of $22.

Exactly right as I am sure that everybody north of the border are well aware that your principal residence that you live in is tax free when you sell it. Of course, unlike south of the border where it is taxable, you are not allow to write off the interest payments on your principal home for tax purposes. The numbers which I was using for my example was just random numbers made up for ease of explanation.

Not sure why such a relatively insignificant increase from 19.5% up to 20% would have made much of a difference to the potential bidders? Looks like this increase took place back in the summer of 2018. Not sure where you got the $9 min from because it was at $19 even when the BP was at 19.5% The bigger increase in the BP which might have affected the buyers/sellers was when they raised it up from 15% where they started at way back in 2001.

Yes, but that's only because it was done at the same time as cleaning which was considered to be restoration at the time. I believe if you get the book regraded, it would no longer receive the dreaded PLOD label and the Pressed designation because cleaning (both wet and solvent) is now considered to be Conservation.

Could this 9.0 be the same copy that Doc Joe posted as an 8.5 all the way back on page 3 of this same thread? (a little hard to tell because the 8.5 picture is small, but some similarities on outer right edge and the spine) Does anybody here know when, where, and at what price this copy of SC 22 sold for when it was only a CGC 8.5 graded copy?

Any John that we would know here, or just another regular Tom, , or Harry?

Hey Mr. Lodge, according to the comics and the TV show, you would certainly know about money matters. From what I am reading on the internet at least, it sounds like your take on this whole tax situation is about right. The only question which I have is how can a Canadian citizen hop down across the border and become a honest taxpaying American citizen just before they get get booted up to that big comic shop in the sky?

Boy, don't you love the internet and their conflicting information: https://www.investopedia.com/articles/personal-finance/061715/how-are-collectibles-taxed.asp This link here seems to imply that gains from your collectibles would be taxed at the maximum 28% rate, regardless of what your marginal tax rate is. I actually believe the first interpretation is correct here, but again, I am definitely no tax expert here especially when it comes to a foreign country.

I guess it must be a slow week as per usual during this time of year, so I decided to Google the impact of taxes on collectibles upon death in the USA and Canada. From what I can ascertain, the difference is like night and day between the 2 countries. Looks like the Canadian government and financial institutions all trumpet the fact that Canada no longer has any estate or inheritance taxes, unlike the poor Americans who have estate taxes that start at 18% before being maxed out at 40%. Typical spin from the Canadian government because they fail to mention that the poor unlucky Americans apparently have a lifetime exemption of $11.2M dollars for estate taxes, while those lucky Canadians don't need an exemption because they don't have any estate taxes to worry about. Of course, lying Justin forgets to point out that upon your death, all of your assets are deemed to have been disposed of at fair market value and you are then liable for any capital gains taxes due, which in most cases would be a huge amount. So, not sure if this I am reading this right or not..........let's say a person dies and have total capital gains of $6M (say $3M for real estate, $2M for equity investments, and $1 M for collectibles. Just a simple example since I would be nowhere close to any of these numbers here. Now, if you were a poor unlucky American citizen, this means you would have $0 taxes owing for both your capital gains and your estate taxes bcause you did not surpass the $11.2M lifetime exemption. Now, if you are a lucky Canadian, you indeed don't have to pay any estate taxes at all, but would have the privilege of paying personal income taxes on 50% of your capital gains. In other words, no estate taxes, but the lucky Canucklehead would get to hand over $1,494,000 (i.e. $6M capital gain X 50% taxable capital gains rate X (33% max federal tax + max 16.8% provincial tax)) to the tax department upon their death. I feel so privileged and lucky now!!!

What part of California is this in since that sure does not sound like what property returns (i.e. $100,000 X 2 = $200,000 gain) should be after a near 30-year holding period.? I thought property brought back in the early 80's for $100K would now be selling for multi-million dollars figures by now for what would amount to healthy 7-figure gains. I totally understand that you and your brother would not be liable for any taxes if you sold the property upon inheritance since it would not have had time to make much gains. The question is, did your parents have to pay any estate or "death" taxes on the capital gain upon the transfer of the property into both you and your brother's name?

Yes, thatis the way I understood it with respect to the 28% capital gains tax rate on collectibles. Since I don't live in the land of the free though and hence, don't follow the tax laws too closely, what is the significance of the December 6, 2019 date that you posted? Is this a change in the tax laws whereby Joe's assertion that cost base for the heirs is reset to zero upon death comes into play?

I believe you meant income tax here. The only question I have here, is that if this is so straightforward as you claim, then why did you have to go through a 2-year tax fight with the IRS concerning your inheritance, as per your statemment here:

Are you sure this is the way personal income taxes work in the United States? If so, it would make no sense for anybody to ever sell off any of their taxable assets such as stock equity investments, property, comics, etc. unless they needed the specific funds to pay for something at a particular point in time. Everything else would then be simply left to the heirs to sell completely tax free. If so, then I am moving down to the States before I die.