Shrevvy

Just realized that back cover scan looks terrible on the ASM #300. Not sure what that is, but it is not on the book or case. I'll get a better pic.

Hulk #340 CGC 7.0 $150 $140

Amazing Spider-man #316 CGC 9.2 White Pages $530 $475
Last sale in GPA is $630. Sorry for the crooked scan.

Amazing Spider-man #300 CGC 9.4 White Pages $1395 SOLD
Looks as good as some of my 9.6 copies. Last sale in GPA is $1550.

This will be short thread with a few copper keys. I may add another book or two. I will also be posting a short thread in the Gold/Silver/Bronze section. It will also be CGC books only. Shipping can be combined between the two threads. 

Shipping is $15 for slabs and $5 for raws in the US. I will ship to Canada at cost.
Paypal, check/MO for payment
7-day return on raws. No return on slabs
No members of bad lists

3 minutes ago, awakeintheashes said:

My reaction is less about the product  and more about the ad itself.  

I agree. Although there is a certain amount of 1980s cheesiness in the product as well. I find myself more and more attracted to that fine 1980s cheese these days.

8 hours ago, awakeintheashes said:

We all have a picture(s) of ourselves from days gone by that we look at now and say, "what the heck was I thinking?" Ads in comics are no different. What's your favorite cringeworthy ad featured in a comic? Below is one I recently came across and just thought, WTF...

I would take a Large in Blue today. Perfect for that spring or fall con. I can't read the pink -script. Does it give a copyright date? Is this 1980s?

4 hours ago, manetteska said:

I am scheduling a follow-up call to go over this in more depth.

 

Either I’m doing this wrong, other folks are fudging some numbers, or everyone is in for a rude awakening. 

No, you can only deduct the cost of comics that were sold. The rest of the purchases are held in inventory. When those are sold, you then deduct those. You still own those comics. Why should you deduct them?

But, you can deduct any expenses associated with buying and selling those comics. It has been mentioned before, but selling fees (eBay, Comic Link, etc), bags, boards, shipping, boxes, convention admissions, insurance and more can all be expensed. 

52 minutes ago, thirdgreenham said:

Thanks Northwest and thanks Dave. 

 

Oh, how the heck did I post this in the mixed section of death?  

I'm going to close this thread and re-post in the G/S/B section.

Sorry, guys. 

Mixed section of death and $1600 in sales in four minutes LOL

Here's a guide to economic nexus by state. 

Economic Nexus State Guide - State by State Economic Nexus Rules | Sales Tax Institute

1 hour ago, jimjum12 said:

One thing I have to say in favor of eBay is that they collect and (presumably) distribute the sales tax for you. This would be a HUGE bonus for me, as collecting sales tax for as many as 50 different entities would have been a deal breaker for me.... time to pack it in or go strictly Auction House. Now eBay isn't looking so bad. I just sold a bedsheet pulp there, a rare eBay sale for me, and sure enough, they pulled the sales tax for me. Bear in mind, I won't likely know until I receive a year-end accounting from eBay, but it looks promising if I want to continue selling without being in hot water from 50 different States. GOD BLESS....

-jimbo(a friend of jesus)

It is unlikely that many in these threads would be required to collect and pay sales taxes in 50 states. Each state has its own threshold for requiring the collection and payment of sales tax from entities outside the state (economic nexus). Those thresholds are typically dollars sold into a state (typically $100,000-$250,000 per state) and/or number of transaction sold into a state (100-200 transactions per state - sometimes in combination with the dollar threshold and sometimes not). If eBay allowed sellers to comply instead of eBay as a whole, most sellers would not be required to pay sales taxes. 

It has been law to pay use tax on out of state purchases. How many here paid taxes on comic book purchased from out of state by claiming such on their tax returns? How about purchases from Amazon (prior to them collecting sales tax)? My guess is that it rounds down to zero. Technically, these taxes are not new. I find it very hard to believe that any state would be looking at a comic seller (or any other small seller) and auditing whether you sold 199 shipments into state or 200. 

This is my own research from some time ago. My disclaimer is that I am not a professional and tax laws change all the time.

10 minutes ago, themagicrobot said:

The amount of low to mid grade 1960s Marvels and DCs that have reached stupid prices in just the last 12 months amazes me so I'm pleased I'm old enough to already have most of what I need. 

On various threads here people talk about "dreck" comics. Anyone care to name and shame some titles/publishers considered "dreck" that are still currently in the dollar boxes so we can all be amazed when those titles start being bagged/boarded/slabbed/hoarded in the future. Or are some comics (Charltons?) so unloved by the masses or produced in such quantities that they'll never have any value even when they are as old as Golden Age comics are now??

Another thought. Will current comics have a reasonable value in a decade or two owing to the much smaller print runs or is every comic produced these days carefully stored away unlike my 1960s comics purchased, swapped between friends and read to death.

PS: I don't consider this title "dreck" but was still amazed to see it selling unslabbed for £20 - £30.

 

GGA cover...

On 4/4/2021 at 9:54 AM, Dreamsleep said:

$230

@ 5% off

1 minute ago, Math Teacher said:

Please let me know how Ebay responds to your assertion.

There is no reason to assert anything to eBay. eBay sells much more than $250,000 into Alabama (for example). The alternative was to sell outside ebay and deal with filing for each state on your own. In doing so, I would be willing to guess that almost no one in this thread would file sales tax in any state except the one in which they reside. eBay collects sales tax because they are eBay. If it was pushed down to the sellers, most would not be required to file due to their size.

1 hour ago, NewWorldOrder said:

eBay whether I like it or not is saying to you all, since we are collecting and remitting the sales tax for you they want a fee.  Alternative is they dont and we all register with all the states in the USA that charge sales tax and go through that nightmare on our own.   Selling in a state with no sales tax with yield you a lower FVF, and vice versa with a state that has a high state sales tax like my state of CA.  

 

I don't believe that to be true. Each state has a minimum threshold for creating an economic nexus and requiring sales tax to be remitted. Small sellers are unlikely to meet those thresholds and not be required to pay sales tax. For Alabma (first on the list), the economic threshold is $250,000 for out of state sellers. If you don't sell $250,000 to Alabama residents, you do not pay sales tax. Some states have lower thresholds, some higher. Some have minimum transaction thresholds. If I sell outside eBay, I am not required to pay sales tax to Alabama because I do not have an economic nexus there.      

I should have mentioned in the above reply that I assumed that eBay would eventually raise fees. They have since inception. I just did not think it would be so soon. It makes it look like the initial "wash" explanation was just a bunch of hooey to placate everyone upon transfering to managed payments. 

53 minutes ago, Lightning55 said:

When they started charging sales tax, they dropped the FVF by 0.5% to compensate for working the sales tax into the sale.  It equates to a wash on a 5% sales tax purchase, so not really charging a fee on the tax. 

Yes, if the sale is over 5% tax, you pay more.  If the sale is under 5% tax, you pay less.  If there is no tax, you are way ahead on that one. 

I tracked it for a few months, and I paid a buck something LESS over the whole time ($40k in sales) compared to what I would have paid under the old system, so it's somewhat legit.  It's a non-factor, yet people are going ape over it.  Lack of understanding.

It is disingenuois on eBay's part. They sold it to everyone that it is a wash because they lowered the FVF to compensate for the charge against the sales tax. I agree that it was pretty much a wash. However, it appears clear that eBay had no intention of holding fees at that wash level. We are not even six months into managed payments (barely three months for us as we waited as long as possible) and eBay has quietly raised fees. I was looking at 1Q numbers yesterday (non-comic related biz) and noticed that the FVF was coming out higher than I remembered. That is the extra 30 bps they tacked on. If they communicated that (and probably did), I don't remember. 

I will say that managed payment does have benefits. We've had two chargebacks for people who "don't recognize the charge" despite this being bought on eBay and shipped to their address on file. eBay protected us even when the credit card company did not reverse a chargeback.  

11 minutes ago, innocuous said:

Comics and bikes. Nothing better. I got a bike last year with Di2 and now can never go back.

I like all bikes, but my love is 1970s-1980s race bikes. I road my '85 Pinarello Montello tonight. I am still a bit surprised at values in that collectibles category. Outside a handful of big names (Merckx, Lemond, Hinault), values are still very reasonable. I have Davis Phinney's bike from one of his Coors Classic races. It would probably cost more today, but Comics are definitely pricier (as are sports cards, video games, etc). I probably would pay something stupid if I had an opportunity buy a Lemond Tour or Worlds bike. Problem is, I think there would be others that would pay something even more stupid. It is harder to follow values, but prices are definitely up quite a bit for certain bikes. That's why I take what is happening in comics a bit in stride. Nearly all assets are up. I am still a buyer of comics and bikes (and probably a few other things).

4 hours ago, innocuous said:

Generally, most investors I speak with are in some type of buying mood. One guy I ride with just bought a $10K bike (bicycle, not motorcycle) just because the weather turned nice. Stocks and real estate have done well the past year.

I have 20+ bicycles including a couple team bikes. I contemplated buying an Eddy Merckx Paris-Roubaix bike earlier this year that would have been well north of your friends bike. It would not have been ridden regularly, but I would have had to ride it at least once. Competition can be fierce for the right bike. There is money sloshing around every where.

1 hour ago, oldmilwaukee6er said:

 

RE your question about crypto buyers ... Yes we do have evidence of other hobbyists eg. Card collectors entering our markets at higher price points. There is a good thread in Modern that challenges some old guard assumptions RE price vs popcount. We don't have specific evidence of a crypto buyer yet, but it supports the general theory that part of the runup during pandemic is due to other hobbyists entering comics speculation. 

 Crypto buyers are not hobbyists. 

7 hours ago, Math Teacher said:

I see this type of message all the time at gas stations. Does this only apply to comic books?

They do it at our local DMV as well. I have found the "rule" here pretty silly. 

I'll take Batman #423 per PM

2 hours ago, GreatCaesarsGhost said:

Omg. Seriously?

With a splash by Kirby. The word balloon does not make it better.

2 hours ago, Happy_Thorsday said:

Great Topic. With all of the focus on high grade stuff lately I am interested to see peoples opinions on properly centered books (9.6-9.8 with a giant white stripe!?). Thanks for the poll!

I am actively looking for several 9.8 copper books for my collection. I won't buy those with big white stripes even at a discount (unless it is so absurd I could immediately flip it). I have passed on several copies recently of books I am looking for because of that.

There may be other reasons to not use eBay, but fees are not one of them. If you plan to sell such volume on eBay, sign up for a Basic Store for $28 a month. eBay caps a portion of your fees (fee cap starts at $2,500 sales price) if you are a store subscriber. A $10,000 sale on eBay would cost $468.75 in seller fees. That same sale would be $1,000 on Comiclink and $2,500 on Hertitage (assume you pay the full 10% seller's commission and adding in the full 20% buyer's premium).