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Math Teacher

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    Quick Question RE this 1099 issue that seems to be geared to flipers... books that have been purchased 30 years ago ?

    in Comics General

    Posted

    On 6/9/2024 at 9:54 PM, Lightning55 said:

    The short answer:  If you sell a book for $200 that you paid 12 cents for, you owe taxes on the $199.88 income.

    The long answer:  While the above is true, it may be mitigated by offsets such as possible overhead expenses - storage, grading, restoration, shipping, etc. resulting in a lower tax exposure.

    Super short answer: Consult a tax professional.

    As I understand it, some of these expenses are not available to you unless you're a dealer. But then, I'm not a tax accountant.

    current turn around rates at CGC

    in Comics General

    Posted

    I shipped three modern books for a 9.8 PreScreen on Saturday, 05/18/2024. They were delivered on Tuesday, 05/22/2024. They were marked as received on Thursday, 05/24/2024. They were marked scheduled for grading with just a few days. On Friday, 05/31/2024, they were marked as Encapsulation/Quality Control. On Monday, 06/03/2024, they were marked as Grading/Quality Control, and they have stayed that way this entire week.

    Is it just me, or is it unusual for books to be marked as "Encapsulation/Quality Control," and then be marked as "Grading/Quality Control?"

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    What's the most expensive book you've actually read?

    in Comics General

    Posted

    I read my 0.5 Amazing Fantasy (which I have since sold to @Cushing Fan). I have read my 2.5 Fantastic Four, my 3.0 Amazing Spider-Man, my 6.0 Daredevil #1, a raw and very well loved Brave and the Bold #28 which I sold years ago, and my raw X-Men #1 that I sold years ago. I have read all my Fantastic Four issues #1 - #300, all my Amazing Spider-Man issues #1 - #400, and all my Daredevil issues #1 - #200.

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    What's new in your Silver Age collection this week

    in Silver Age Comic Books

    Posted

    Aquaman #1 CGC 5.5 from an IG user:

    AM1.thumb.jpg.7f0f7a162ea33ea27898546edc7628a9.jpg

     

    X-Men #19 CGC 7.5 from the same IG user:

    XM19.thumb.jpg.801011f17b62a4a379ec7dd0828a5e1c.jpg

     

    Hawkman #4 CGC 7.0 from Ebay:

    Hawkman4.thumb.jpg.920704bc2cf4247ed01470350abbfece.jpg

    I accomplished one of my collecting goals for 2024 with this Hawkman #4 purchase. I now have Brave and the Bold #34 - #36 and #42 - #44 and Hawkman #1 - #10, all in CGC/Other Company 7.0 or higher.

    As for the Aquaman #1, I'm just a sucker for #1 issues.