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I have toyed with the idea but after taxes and selling fees I would probably come up short

CGC placed my book into GEI immediately after this post when they realized the injustice that was occurring.

Hi, what date did your book go from CCS pressing to Scheduled for Grading, if you happen to remember? Just curious because I have an Express @ SFG since March 4.

Scheduled for Grading 3/04

On the 9th, express submission

My submission went from "Received @ CCS" to "CCS In Process". Does this mean it is being pressed already or is it kind of like scheduled for grading where it's in line?

Express Delivered 2/07 Received @ CCS 2/09

Delivered 2/07/22 and appears in the tracking # tool. Anyone submit an Express or Walkthrough submission recently? How long to go from delivered to received status?

Pretty sure that guy's posts are still in a lot of Facebook comic groups if you search his name, assuming there's not more than one person who lives in Florida and collects high end comics with that name lol.

Are the 3 TMNT1s first prints?

2 weeks after posting this I got a call from a guy who traded his car (said it was a 2015 Cadillac with 80,### miles) for a Superman 1, some other Superman books, Hulk 181, and some cheap Hulk books. The Hulk 181 was missing the MVS and low grade, I bought it. The Superman 1 was a treasury reprint. I'm inclined to believe the story is true because he had to walk to the store we met at. So yeah...that happened.

There is no reason to set up an LLC in this scenario anyway.

Your best guess is probably going to be fine. Of course if you put no effort into it and just put cost basis as $1200 based on just wanting to not have to pay taxes you might have a problem. If you sold 1 book for $1200 and you think you bought it for $1000 then that's reasonable. If you sold 1200 books for $1 each that you think you paid $1 each for then that is also reasonable.

https://www.youtube.com/c/VeryGaryComics Buys and sells collections, interesting content

Glad to hear it's not just me. I used to post wanted ads on FB as well and received tons of replies but FB changed their group post algorithms and those ads don't get eyes on them anymore either. And something about FB brings out the even crazier people than Craigslist when you pass on their stuff. I think my collection buying days are behind me.

Anyone here still get responses from Craigslist wanted ads? I still post them regularly, mostly out of habit, and might get 1 response every couple of months with some modern drek for sale. A few years ago I was getting 3-5 responses per day. Just wondering if I am just wasting my time continuing to post on CL

So when is ASM1 going to pick up some steam now that AF15 has gone into the stratosphere

Thank you very much for the detailed response

For the people who posted that they sold items in the recent auction: will you keep submitting items for the auctions or do you think you get better results through listing as a buy it now format? Just curious for when I start submitting books to sell.

A 2.5 sold for 42.5K on MyComicShop last night as well

CGC 8.5 1st print up for auction at MCS ending in 2 days https://www.mycomicshop.com/search?ItemID=55042538

You are only selling your personal collection and have held the item over 1 year: collectibles gain You are only selling your personal collection and have held it less than 1 year: ordinary income You are buying and selling books regularly for profit, regardless of holding period: ordinary income

The hobby income designation is confusing because collecting comics/art is a hobby but for the vast majority of the people on this forum selling expensive comics or art you would not file it as hobby income. Example of hobby income: you spend $5,000/year on photography equipment and supplies but make $100/year income as a photographer. You do not get to deduct $5,000. Example of selling comics: you sell a comic for $1,000 that you paid $500 for 6 months ago. You put it on Schedule C, sales $1,000, cost of sales $500, cost of shipping supplies $10, shipping $25, net profit you'll pay tax on is $465.

There's a similar rule for the sale of a home in the US (2 years of living in it in the previous 5 years will let you exclude 250K in profit). There is no length of time for comic books or any other form of investment in which it would become tax exempt due to length of ownership.

Oops, missed the back cover being present.