KPR Comics

Just tired of the avatar and wanted to change things up.   No offence Hector

Are those prices on Cool Lines art?!?

Yet 53 people want a new rule.  Why?

ASM 1 is the poor man's AF15 though.  I said both because it is an "And" not an "Or" world if you make it so.  But given the constraints of the question, it's X-Men 1 for me.

Both

Isn’t Annual 2 square bound?  If so, do they use wraps or individual pages?

X-men 1 is not a movie-hype dependent book.  It’s the 1st issue of one of the most successful marvel franchises.   I’ve got a copy already, but if presented with that offer, I’d Venmo the seller in a heartbeat.  

Def not aimed at your threads, Bird. 

Some sales threads make me say, "yeah, no one is going to bite"

On 7/8/2022 at 10:21 PM, THE_BEYONDER said:

Is it though?  I don’t think any significant purchase is a no brainer right now.   3.5s could be selling for 7k in a month from now.   Market is pretty uncertain at the moment.  Do I think X-Men 1 will eventually see another significant spike when they enter the MCU?  It’s a good bet that it will, and a medium/long term hold will allow the buyer to capitalize on that seemingly inevitable eventuality.   The question is how much the book will drop in the meantime.....

Yes, it is.

100% no brainer.

Dark green box.

Decent reds.

No Marvel chip

I’m going with mouse poop and pee

I’m pretty sure if you have a capital loss with collectibles, that loss can offset capital gains for federal tax purposes.  So, if you inherited a collection, got it appraised as of the date of inheritance, held the collection for investment purposes (thus eliminating everyone on the boards who says they don’t care about values) then sold at a loss, you very well may be able to use that loss to offset any capital gains you incur during that year, and maybe beyond.   But only against capital gains, not ordinary income.   
 

I am not a tax lawyer, and this is not tax advice.

On 5/1/2022 at 6:59 PM, spidrvacc said:

About 2 years ago yaall helped me with questions about selling my medium size collection. Was asking about tax issues of selling.  Kind of got out of comics. Wife out of work. Needed money  Was mostly bronze with value 24k and i got 50% value in a deal and had some decent paperwork for tax purposes. Now i collected back then with my older brother.now he collected silver and bronze . Alllot of the keys, xmen 1, AF 15, hulk 181  etc. These all absolutely blew up  .2 yesrs ago it was probably worth less then half , books are  mid grade. No high grade but all keys, ,  , i went to his house yesterday, looked at ebay sales and worth about 100k give or take .  He has zero paperwork on purchases. No ebay , Was 25-35 yesrs ago most got at shows, mail order ,etc . Hes going to sell maybe to guy who got mine. Atleast thats the plan .Doubt any cash since were talking maybe a collection worth 100k and maybe getting 60k.   I know accounting rules .(i was an accountant 15 years ago but bank accounting) 28% straight on profit of selling collectibles but what if you dont know what you paid? Or cant prove it.  Is it then you would be taxed 28% on the full value ?  So a $100k collection or even a $100k single comic book .you pay 28k in taxes? Or can you say maybe use  what the fair market value  is and use that for a loss?  So sold for 60k but worth 100k so a loss?

Just to add im just asking to see what anyone knows, opinions  just for me, he is going to sit down with an accountant before he does anything and rightfully so.   Not taking anyone opinion here as fact. Just curious  And hes stand up guy.not trying to cheat on taxes . He also a banker in ny. 

Hes getting ready to retire in a year or so and move to another state . Figure he will sell by end if year.  Or early next year so this isnt happening now.

 

Any thoughts on selling a collection or even s single book for a large sum to a dealer at say 50% of what its worth (not selling to a customer at a profit)  lets say 100k if you have no back up basis for cost?

 

Also do dealers pay large sums in cash?  Guy i got sold my books to was check only . 

 

Thanks

A big, "hell no" to the bolded question.

I noticed it no longer shows up in the sold items

Not sure what GPA for a 6.0 is, but there was a 6.0 White that sold for $40,000 on ebay April 10

I sold everything except the big Marvel SA keys, a set of high grade Sgt. Fury 1-20 and a set of high grade Nick Fury 1-18.  Just about 50 slabs that all fit in two magazine boxes and are very easy to look at.  As Chrisco said, it is very liberating.

In please

Sure, sounds great.  I was thinking a place where that dude who keeps putting up videos just to get clicks could go, but I like your idea better.

Can we add a Clickbait subforum?

On 4/2/2022 at 1:51 PM, BlowUpTheMoon said:

I've been to the basement of the Middle East a bunch of times in the 90s to see a band called Morphine. 

Saw the Mighty Mighty Bosstones there regularly

TATs are bad for walkthrough?

Great set.  The 18 was the hardest one for me to track down in high grade