I am not Glenda

1 hour ago, revat said:

Fair enough, you yourself said this type of comic trade is not a common thing for you.  So to me, there’s a bunch of potiential tax issues that are not obvious to the average person that might be of interest.

1.  Does this qualify as a like-kind exchange?

2.  Do you know the basis of your property, or how to calculate it?

3. How are you determining fair value of your item or the other item?

4.  How does boot affect the tax accounting? Do you know what boot is?

5.  Does sales tax factor into your locality?  How do you report and pay it if it does?

6.  How much estimated federal and state tax do you have to pay, if any?  Does that affect your decision on sales price? 
 

7.  Do you need to pay an accountant to help you get the tax paperwork right?  Does that factor into your decision? 

8.  If there is gain, is it hobby income or business income or some other type of income?
 

None of these things are necessarily difficult or necessary, depending on how closely you want to adhere to existing tax law and reporting standards, or how much experience one has with this type of thing.  
 

good luck

To be 100% honest I own a business and this would be processed through our accountant at the end of the year, so the tax aspect of the trade is really irrelevant to me. I sincerely thank you for your suggestions & input. However, I was really looking for some guidance in regard to the actual aspect of the trade as both books are very HOT right now but as noted a 2.5 FF #1 while not cheap (15/16k?) is not uncommon but the offer also includes 21k which would mean I am selling a 9.0 signature for apx 36k which seems very fair to me? So while I don't want to really part with the TMNT book it's a very legit offer based on what I have seen of recent sales? The cash while not needed would be a help to update my kitchen which is from when the home was built in 1997. I just have this feeling I am going to regret selling the book and that's why I came here among fellow collectors who I would bet have been in the same spot more then a few times.

9 minutes ago, revat said:

Of course you and everyone should follow all laws and pay all required taxes,  BUT make sure you factor taxes into your considerations.  Other than that I have no advice.

good luck

So I ask for advise about a trade and your response is pay your taxes? If I do the trade of course I will pay my taxes. But with all due respect thanks for nothing....( have to love the internet

I posted the pics of my 9.0 TMNT Signature book on my Facebook & here last week having no intention of selling it, however a local dealer/friend saw the post & asked if I would consider selling the book as he loved the gold signature and wanted to know if I was open to any offers? My response was "make me an offer I can't refuse" and he might have..... The offer is 21k CASH & a stunning 2.5 CGC blue FF #1. I asked my wife and her response is as expected......sell the book & do the promised remodel on the kitchen! IMHO it's a stand up offer with a lot of upside for both parties ( both books have bullets on them) Do I need the money? Not really but 21k is 21k & FF 1 is FF 1 & owning either book is pretty cool, so I am asking what do my fellow board members think the financial side of this deal is over say the next few years? Like so many deals in the past I don't want to be saying I should have........either way. Any input, advise or opinions would be a big help as I have a 48 hr window and the offer is off the table.

1 hour ago, pubmonkey said:

very nice. The batman #1 in the background is a nice tease...

Opened the safe and pulled out some of the big boys

From a historic point a view ebay should remember that no matter how big you THINK you are at some point someone is going to come up and kick your , Sears never saw K-mart coming and K-mart never saw Walmart coming until it was to late, GM/FORD never thought that a small car company from Japan could build a better car and today Honda and Toyota dominate the world market, Like many before them what ebay has failed to understand and continues to seem oblivious to is the fact that most sellers stay there because there is no other real option, but they do not recognize that a large percentage of those sellers despises there platform & there company which is ironic because without the sellers the buyers have nothing to buy, There stock may be high right now but its all short term thinking. Go do a price search many items are no longer there as in years past, the customer service is awful ( is it to much to ask to be able to understand the rep calling me back with a problem I am having?) Reality is MP sucks I did the work I want my money, NUFF SAID its almost like a step BACK TO 1998 Paypal was the best ( I built my business on the PP loans). Now I find myself constantly moving money around to get things done. The day will come when we are talking about some new platform and I can't wait to tell ebay to take a hike..........." its inevitable" 

THOR SOLD  LISTING CLOSED

CONAN AND FF HAVE BEEN SOLD!

First "I'll take it" gets the book. 

USPS Priority shipping plus insurance included

Paypal Only 48 hrs

No International shipping. except Canada

No returns - on CGC books 100% no hassle returns on raw books

Thanks

THOR 165 CGC 9.2 ow/w   $3200 Firm....................... Stunning book! Only being sold to fund another purchase as this book is only going up in the next few years

Fantastic Four 7.0 ow/w $700

Conan 1 4.0 ow/w $200

It's really simple when you get past all the BS posted on here Wolverine has been and continues to be a fan favorite, I grew up watching his popularity grow from Claremont/Byrne cult status ( unless you read comics in 1982 you had no idea who the hell he was) to Millers masterpiece to BWS amazing origin and so on right up to him become the main character in just about all the X men movies for the past 20 years! He is a very lucrative property & world wide phenomenon & on par with all but a handful of comic characters. If you don't dig his "freaky claws" & bad attitude " just walk away" no big deal, it's ok if continue to think there are to many #181 for the market to continue to grow whatever turns you on. But the fact is the little short guy with the bad temper is going to be around a lot longer then most of us & I would bet my hard earned cash on a guy named Logan any day. On a serious side note the day #181 drops 50% is the day almost all comic books collectors/investors have a real problem. 

5 hours ago, Savoyard23 said:

This might be the money that turns a market correction into a crash on its way out.  It doesn't necessarily represent fundamental demand.

I think its fair to say pre Covid prices were pretty darn good, so any correction  really is just a bonus at this point.

WTF is right! Any PREDICTIONS where this would land in the current market? 

8 hours ago, Daveb25 said:

I don’t think we will see complete (with front and back cover) bat1’s selling for $40k anymore no matter the level of restoration. I guess we will find out though in the next heritage signature auction.

https://comics.ha.com/itm/golden-age-1938-1955-/superhero/-this-item-has-been-entered-into-our-system-and-is-now-going-through-the-imaging-and-describing-process-further-details-will-be-added-before/p/7244-136007.s?ic2=mytracked-lotspage-lotlinks-12202013&tab=MyTrackedLots-101116

 Resto or no resto that's a great looking 5.0. As well as that book presents If it hammers in at less then 45k+ something is wayyyyyyyyyyyyyy off in comic land! 

I think reading these posts the sell to buy other books tales seem fine ( I think we all do it) its the ones where you know you will never be able to get that KEY book back into your collections that are tuff to swallow, I mean if you traded/sold your GSX #1 or Hulk 181 in the last 15 months thinking "no big deal I will grab one again" those are the killers. There are a few books at this point I just will not be able to own unless I hit a score & one walks into the store. I just bought a MOKF # 15 from a fellow board member in 9.0 ( paid full retail+ ,for this week anyway lol) & just a few months ago I was going to buy a 9.6 but that ship left the harbor. I am finding myself keeping more modern keys ( sadly that I don't read, Miles who? Spiderman is a kid named Peter) as I am hoping I can trade/sell them down the line for books I want. 

Kind of sorry I started this post.......these weren't my books and I still feel the PAIN

With the current comic market at an all time high ( due to several factors) and some books seeing gains of well over 100%  WHAT BOOK(S) DO YOU WISH YOU HAD HELD ONTO JUST A................................. LITTLE BIT LONGER?

I sold a .5 X Men #1 last year for $900 buck and thought I did really well, watched the buyer sell it a few weeks ago for over 4k 

Taken per pm..........THANKS

1 hour ago, Jeffro. said:

Can you please move that modern junque to the modern thread?

"Yes, it is our time. Mine, yours and everyone else's."............................. Rules are rules Spicoli.....................DUDE!

 " in 30 years these comics will be worth something"............................ and we the "real collectors" all laughed, joked and ridiculed them.

Accept that there are things in this world we can never explain and life will be understandable. That is the irony of life. It is also the beauty of it. Tan Twan.

My wife has had the privilege ( I am kidding) of being a stay at home mom to our 3 kids ( all grown) she at best has worked a few minor jobs in the last 30 yrs. We have a very simple deal.......... as long as the house, 2 decent vehicles ( one being a R/T Challenger shaker 6.4 which any man will tell you is a family car  and some house/vacation savings are all a priority......... meaning as long as I make sure to take care of all the important s#it first & she does not have to worry about it she has no problem with my comic purchases, just recently I showed her what some of the "big boys" are worth and she never said "sell them" as she knows how much they mean to me. Unfortunately, the kids could care less about comics or collecting in general so at some point they will be moving on as I see no point in not enjoying some of the funds later in life.   

How the hell is this book still here? I don't think it would last a day on ebay.

On 4/16/2021 at 8:48 PM, Pantodude said:

Oh boy.  "Blindly" despite my own observations over decades of the relative scarcity of newsstands compared to directs (in the wild or slabbed) for many, many Spidey, Hulk, and Iron Man books, but also other issues from the mid-80s to early 90s?   And then the consistent accounts here on these boards and all over the internet?  You gotta go with SOMETHING, so I went with that.  Sheesh.  At the end of the day, I really don't care.  Like I said, it is what it is, and prices are what they are for certain books.   It all makes cents, and I am ok with that so long as I can plan accordingly.     If the consensus says they are less common, I will respect them as such.  

Seriously though.  It's YOUR turn.  Enough with the conclusory remarks and pony up some articles, blogs, or charts that say otherwise?   If you're correct, that would be cool, and folks (me included) would like to know.  So don't disappoint!   I await your studious response with bated breath.   

Its clear you don't need charts, data, math or anything else to know in general newsstands are harder to find and even harder to find in high grade & anyone who has been collecting comics for any period of time knows this to be a fact,. I grew up buying my books at either my local comic shop or at 7/11 and anyone who has had any experience buying from a 7/11 rack know just how bent, beat and damaged those books were in the 1970/80s finding a 9.8 today from one of those racks is like finding gold. That's if you can get my Laffie Taffi finger prints off the book.

The price is fair and for the grade assigned the book looks good! Congrats on having some big balls bro, putting this up on the boards is very cool! In todays market god only knows where it might land at Heritage, (I suspect for more, however with there cut I don't know what you would end up with?). I hope it lands with a member as I know it's a grail for many of us.

On 4/19/2021 at 3:53 PM, PovertyRow said:

How about a 'Tec 27, huh? Huh? 

I 100% ok with my coverless having a NG label, sorry could not resist.