jharvey

Not always. It depends on how long you held the item before resale (long term or short term capital gain), and also what your ordinary income tax rate is. Long-term capital gains on collectibles are taxed at the LOWER of your ordinary income tax rate or 28%. Here is some more detailed info copied over from a webpage: Long-term gains from the sale of collectibles can be hit with a capital gains tax as high as 28%. If your ordinary tax rate is lower than 28%, then that rate will apply. But if you're in a higher tax bracket (i.e., 32%, 35% or 37%), then the capital gains tax on your collectible gains is capped at 28%. The 28% limit doesn't apply to short-term capital gains. So, if you don't own a collectible for at least one year before selling it, you'll still be taxed on any gain at your ordinary tax rate (between 10% and 37%).

Seems nuts to pay $500 for a book, sell it for $500 and be expected to pay taxes on that. There was no profit. In theory anyway. However, that could be difficult to prove if you bought it 10 years ago and didn't get/keep any sort of record or receipt.

It is still worth getting graded, for sure.

Pokemon cards perhaps?

I find it funny that he claimed he couldn't work long hours on the restoration/pressing business due to his heart condition, but he was perfectly willing to get drunk. No chance of alcohol triggering another heart attack, right??

I fixed that for you.

per pm

X-Men #96 and #101

Take X-men #23

Take X-men #24 and 40

I've seen quite a few CGC 5.5 with a sub crease, but they looked a lot nicer than this X-men 12.

Star Wars #1 and Strange Tales #138 @ 20% off