Aman619

I used to run across minty unread copies of FQ at conventions frequently.. I seem to recall that indie books always seemed to have unsold copies out there as if the publisher orders left much of the print runs in their hands to be liquidated at some point later. I picked up 2 of then for $40 bucks apiece and was thrilled at my good fortune, til my dealer friends clued me in to the large supply out there... I still have 2 or three copies somewhere. The recent news of an Efquest movie was exciting.

Nice job. Handy to have around when going through longboxes of stuff I bought back then. As Solar offered early on, “let me give you a hand” as in applause for your efforts!

yes. I collect Gold through Modern, but admittedly my focus is on the older books. And generally the Signature market there is a different breed. Giving it more thought, I realize that more Modern era collecting (like you guys here), is more heavily focussed on signatures than Gold and Silver collectors, Id guess as a result of more offerings due to younger artists more available for signings in this time of Signature labels etc... But having said that, to me Daves personal copies that he released are different. It's a scarcer book for its time, and most copies sold in stores were already damaged which was baked into collecting Cerebus 1... until Dave released his signed 9.4s into the market. So its always felt to me that they deserve an "asterisk". And that a 9.4 in the wild that got slabbed is scarcer than Daves highest graded, least-damaged copies (later slabbed as 9.4s) -- plucked out of the initial shipment on Harrys floor the night they unboxed them are more common.

Don’t we? Lol. I feel like I’m the Lone Ranger now…. Whadda ya mean WE Kimosabe?

I have a slabbed Cerebus #1 question. It’s very scarce in high grade due to the bad printing and black cover etc. there are very few blue label copies graded above 9.0. But out of Dave’s stash of the best dozen copies he pulled the day the comics were delivered to him, I think 6 or 7 are signed and slabbed as 9.4s. Normally for comics we count highest graded by label type separately: highest grade copy, highest graded restored, and highest graded Signature. so is it same for Cerebus where you might have the one of the top 3 blue label books, but would it only be one of the top 10 copies — Counting the Signature Series copies ? Like I say, normally we ignore the sig and restored when counting from the top, but feels like Daves stash might be countable even though he signed them as a marketing thing for more dough.

As it was explained to me, even this solution has issues to plan for. Right now YOU own the assets. The LLC must BUY the assets from you; or you GIFT them to the LLC. Either way the transaction whereby there is a transfer of ownership pf the assets from to the new LLC is a tax event to you personally. And I forget what happens to the cost bases once in the LLC. of course with Estate tax exclusion currently 11.8 million for each married spouse, very few of us would exceed out litfetime Gift exclusion anyway. So fi the accountant okays the transfer, do to. Another similar solution is a Family Limited Partnership. But comic books aren't a good fit for it, its used for real estate and mom and pop businesses.

great offer. still doesn't answer the tax liability issues... unless you use bags of Texas Tea left by the side of the road as payment. The best way to not pay ant taxes is to never sell!

sorry. thats right... "up to 28%" I was looking at it from the perspective of good earning years, but yes, when your taxable income is low you pay lower capital Gains rates. and you might also get a break on the 3.8% surcharge as that was aimed at high income individuals.

well yes and no. Many accountants play it straight. They sign the returns too. "Dont have a receipt and you wanna give me a cost basis, fine, but my advice is you shouldn't." They say their clients want to falsify stuff all the time, but its never recommended by any lawful accountant. If youre in the .1%, well, maybe thats another story. Some of their accountants are shameless and stretch the rules all the time.

both heroes in red always looked like a two heads on one neck thing to me. and the background a little bland to make them pop.

I owned the air rights to them for a few minutes!

Of course! Everyone should be aware right off the top though that the IRS considers gains on the sale of comics as a taxable event. That being the case, the normal rules of taxation apply even though most of us have rarely if ever considered it.

Profits on the sales of comicbooks are taxed as at the higher capital gains rate: 28%. Plus the 3.8 surcharge related to the AFA. Doesn’t matter if short term or long term gains. Only the gains, profits, is taxable. Therefore you state what your cost basis was and use it to calculate your profit, for each item sold. Certain expenses can also be added to your costs, like shipping. But storage and storage materials would be allowable only as a fraction of the number of items in your collection. Meaning if you bought 100 mylars, you could add the cost of one mylar and backing board. Similarly you can add the slabbing and pressing fees. Plus shipping, also on a fractional basis: FedEx it 25 slabs for $38 means you’d get to add 38/12 to your cost basis too. You don’t have to prove what you paid… but as was the case here, if the IRS questions you, you’ll have to show a receipt. If you can’t, they will say you paid nothing, unless your accountant is skilled at negotiating IRS audits. that’s for collectors. If you are a dealer, operating as a business, the rules are different.

still highest graded! Still have it?

Ask them to include a button for “ use previous title”. Or, force the last used title(s) to the first position we have using Typeahead”.

More than a swipe. Same artwork with a turned head and background changes!

with the usual caveats THE WORLD IS ENDING! Guy who predicted it twice says so! ... and if it doesnt, well it sure looks like it coulda maybe would anyway... I dunno, just reading what they gave me.

auction fever can be a big factor. There was an Archie that sat without a nibble for 3K on ebay. Wildly optimistic Ebay ask price. Highest graded copy of the first Sabrina?? (the Mad House cover with the zoo). Anyway, was in a recent Heritage auction and hammered for over 15K (as memory serves and too lazy to look it up.) go figure

heres the full history of the stamp, its owners and price history over the 103 years since it was released. Warning: just TRY not to state at the tooth! https://www.sothebys.com/en/buy/auction/2021/three-treasures-collected-by-stuart-weitzman/the-inverted-jenny-plate-block

Ive always been attracted to the whimsy of the Inverted Jenny stamps. A single stamp would suffice, but It I were ever serious about chasing one, Why not go for this block of four! Whats funny now though, in 2022, is that our comics have caught up and probably have moe momentum going forward.

I love the paranoid reasoning every time this subject comes up! People have to realize that Heritage is a charter member of the trilateral commission that runs everything in the world. One of the maxims is that you will never win a comic book auction without their permission! duh!

Bonuses are treated as regular income on the 1040… but payroll companies often take out too much in withholding. Almost like it’s calculated as a weekly salary. But you’d get it back when you file because you’d have overpaid in withholding. That’s why it was posted that you should lower your weekly withholding amount. I was with ADP and created a Bonus 28 category to get around my staff netting so little on bonuses. Without this workaround, they were netting about 50% of the Xmas bonus. Sucked. ADP said they were doing what they were supposed to do.

I seem to recall Four Color Comics selling the pay copy and the Motion Pictures Funnies copy to Geppi... Anyone else?

all of the people buying million dollar comics have enough cash to do so, and are going to be fine so long as they dont up and run. And if they do because they intended to to flip quickly, THAT was their mistake. They didnt do their homework on our hobby. As for mega GA key prices dropping? Well, they dont sell that often so we are always guessing what they are worth. Therefore, there won't be any price data to SHOW a downturn unless the owners decide to or need to sell during a downturn. The ones that might need to would be long time collectors whose "elderly" financial situation has them comics rich and cash poor. Too bad you cant borrow against comics. or can you?