jharvey

8 hours ago, dzminn said:

Unopened packs of Marvel Universe Series II cards. Spider-Man and Hulk wrapper variations to pick from. Contains 12 cards and the potential for a randomly inserted bonus Hologram card. $8 ea. Your choice!

Star Wars Series 1 unopened pack. Contains 7 cards, 1 sticker and gum.

$95 ea. Your choice!

 

 both the Star Wars packs

On 4/16/2021 at 11:12 PM, Lightning55 said:

If people are submitting $1000+ comics at the $200 level, they are taking quite a risk.  While at CGC, they are insured for the Declared Value.  If you're potential $1k+ comic gets damaged, lost, or stolen, you are in a bad spot. 

Same for when they insure it to send it back, or if you have private insurance.  Your DV could trip you up in making a claim. 

Plus now they have moved it to another tier, and it will have its own shipping, sent separately or with a few other of your "tier rejects".  More for the tier, more for the shipping. 

If you had sent it with others from that higher tier, at least they would travel together, saving some shipping $$$.

What if it was a $200 comic when you sent it in, but 4 months later when they finally get around to grading it, it is now a $1000 book? I believe this is a fairly common occurrence these days.

38 minutes ago, @therealsilvermane said:

Nothing in the comics or the MCU has ever said that a normal human being can't throw and catch the Shield. Being a super soldier was never a prerequisite for wielding it. Wakandans use Vibranium weapons with deadly accuracy and force and they're not super-powered. And if you consider that the Shield is just a glorified frisbee or Olympic discus, just a little bigger and maybe a little heavier, then it works with the same laws of classical mechanics and Newtonian laws of motion in physics, allowing for a little leeway as it's a comic book action movie.

Oh come on. It is so completely impossible that it just looked stupid. At least if a super-powered being did it, you could attribute it to the super-power. With a normal human doing it, trying to maintain the suspense of disbelief was really tough.

13 hours ago, Frost451 said:

I quit selling on eBay for good in 2021. It’s not just the new tax laws, their fees are stupid high.  13.5% fee on top of 28% capital gains tax.  Do the math there, you sell high value comic let’s say hulk  181 9.0 and it sells for $13,000 that eBay fee is $1755. Let’s also assume you bought it last year when prices were still reasonable for $5500.  You end up with $5745 profit that you then have to pay a 28% tax on which is $1608.60 so your actual profit is $4136.40  so between the government and eBay they are taking $3363.30 out of your pocket.  Like that’s almost half your profit gone.  At that point what’s the point of even selling.   Flippers will be in for a real surprise when they go to file their 2021 taxes and end up getting a 1099.  Also they don’t know what you paid for your items and so are reporting the entire amount of the transaction to the IRS.  

Except for the fact that eBay has a maximum cap on fees for a single transaction; except for the fact that most people won't pay the 28% rate because you actually pay the LOWER of 28% or your ordinary income tax rate (based on your tax bracket); except for the fact that if you file a Sch C you can deduct expenses; except for the fact that if you file a Sch C you can take a 20% QBI deduction. Your math is way, way off sir.

3 hours ago, Bosco685 said:

Still, this was not a strong episode. It spent too much time trying to further endear viewers to Sam becoming a replacement Cap with all his training. To include his learning to use the shield effectively when earlier in the episode he and Bucky were tossing it around and catching it with ease.

There is also no way in the world that a non-super powered human could possibly throw and catch a metal shield like that. It just looked ridiculous.

6 hours ago, justafan said:

AFAIK, You are not supposed to get to keep the comics if you are trying to collect insurance on them from postal insurance. You got lucky the first time. At least that's how it works with usps in the states. U try to claim insurance, the post manager at the po has to inspect and hold the comics and packing contents until a claim is decided. If decided in your favor, usps keeps the comics and if determined to still hold value, sends them to a regional warehouse where they are auctioned off to help offset the cost of the insurance payout. If they decide against you, you get to keep the comics.

 

I'm not sure where you got this info, but what you say is not always the case. I had a comic damaged via USPS, filed a claim online, got a payout and kept the comic. I never stepped foot into the post office, and never had anybody inspect anything other than the pictures I provided online of both the box, packaging, proof of purchase price, and damaged comic.

5 hours ago, Shrevvy said:

Even as a business, you cannot deduct purchsed inventory unless you have sold it. 

Yes, you are correct. Cost of goods sold you can deduct.

On 4/8/2021 at 3:05 PM, manetteska said:

Update: Ouch.

Per the first pass by the tax preparer, and using the 1099, from the GROSS amount sent out by eBay/PayPal I am only allowed to deduct the cost of the SOLD items (as well as fees/taxes). It doesn't matter if that money was then used to buy more comics/inventory (essentially getting back to $0 net). Not a good day.

The tax treatment is different depending on whether your comic selling is considered a hobby or a business. Ask your tax preparer what you need to do in order to be considered a business.

ASM 78

13 hours ago, Ghost Town said:

The Thing Lot: #35 9.6, #36 9.4/9.6 $13

9 minutes ago, MustEatBrains said:

Here's a 3rd set of 3 Wax Packs of sealed Star Wars trading cards Series 2,3,5  (again, there will be more of these at some point later in the thread)
Price: $75

1 minute ago, MustEatBrains said:

3 Wax Packs of sealed Star Wars trading cards Series 2,3,5  (there will be more of these at some point in the thread)
Price: $75

 

2 hours ago, echu said:

I've seen quite a few high grade comics with rust listed in the grader's notes. Here are a couple that I submitted and have the notes for:

CGC 9.2 Grader Notes: very light staple rusted bottom of spine

CGC 9.0 Grader Notes: light creasing to cover. light staple rust. very light wear all edges of cover

You mean like these? https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=afa+tsr&_sacat=0&LH_TitleDesc=0&_sop=16&_odkw=dungeons+and+dragons+graded

 x-men #15

FF#8 CGC 6.0 per PM

 FF #22 per PM

Amazing Spider-Man #96 (FN-VF) - $95

 Fantastic Four #41 (FN+) - $45

37 minutes ago, pickycollector said:

Why is Super Skrull so popular now, another movie announcement?

Speculation, with the Skrulls already in the MCU, and the Fantastic Four on the way.

13 hours ago, ft88 said:

Batman Adventures 12 VF+ $420

 

9 minutes ago, 1Cool said:

Less then $80k per couple - yea right.  Nobody makes that little so it's all a moot point.

Ok, and on a Married Filing Joint return, if you make less than $171,050, you are in a 22% tax bracket which is still less than 28%.

Also keep in mind this is $171,050 of taxable income. Your income first gets reduced by many other things like business expenses, standard/itemized deduction, 20% qualified business income deduction, adjustments to income, etc. You could easily make way more than $171,050, but still have a taxable income that is below that amount after deductions.

4 hours ago, ttfitz said:

I'm not sure where you are getting 28% from? I'm only seeing a 24% bracket and a 32%, and the max capital gains rate is 20%. And you only hit the 24% bracket for taxable income over $86k single, $172k married; 32% for $165k single and $329k married.

Collectibles have a special capital gain rate of 28%, but it is the LESSER of 28% or your ordinary income tax bracket rate. So you are correct that most people would not pay the 28% rate.

5 hours ago, MyNameIsLegion said:

Many will find the idea of paying 28% in taxes as egregious. it's a disincentive to conduct business. 

You are overlooking the fact that you pay the lesser of the 28% collectibles rate, or your ordinary income tax bracket rate. In order to actually pay the full 28% in tax, on a Married Filing Joint tax return, you would need to make over $326,601 in taxable income to put you in a high enough tax bracket to trigger the 28% collectibles rate. A large majority of people would in fact pay FAR less than 28%. For example, on a Married Filing Joint tax return, as long as you make less than $80,250 in taxable income, you are in a 12% tax bracket and would pay 12% on your collectible gains, not 28%.