This has been my understanding as well, although we should still specify the difference between what people can get away with and what people are actually supposed to report to the IRS.
Just no…just because PayPal doesn’t want the paperwork, doesn’t mean you shouldn’t report it. Your bank doesn’t report any transactions either. You ever work in a company? All the transactions are wires, ACH, or checks. If a client doesn’t send you a W-9 to fill out, then it’s not reported to the IRS either, but that doesn’t matter. Accounting-wise, you report your revenue and expenses and then pay taxes on that - it doesn’t matter at all “who is reporting” and “who isn’t” to the IRS.
You’re committing tax fraud for every transaction you don’t pay taxes on and every item you underdeclare. Whether you get caught or not is a different story. It’s also illegal to go above the speed limit but only a few get caught. Better hope you’re not caught by the IRS.
There’s nothing fictitious about supply and demand.
If you want to make an argument that you have enough data to show that there’s consistently no difference in sales price between thick and thin stamps… well, that’s a hard thing to prove. If the difference was small (~10% for example) it’s not something you would generally notice since there’s a variance in the data for each individual sale regardless of stamp.
Even if more than half of 1st Base collectors don’t care about thick and thin stamps, if a decent % of them are specifically seeking thick stamps (which if you’ve observed WTB threads on E4 is a number that has increased a lot in recent years) and almost no one is specifically seeking thin stamps, combined with the fact that more thin stamps were printed than thick stamps, the law of supply and demand dictates that there will be at least some price premium for thick stamps.
Again, that premium may be difficult to notice with any given sale. And I would also agree that there’s probably going to be more of a difference in price between a “strong 10” and a “weak 10” than there’s going to be for a thick stamp and a thin stamp.
Thank you. Didn’t want to hijack this guy’s sales thread after my initial post (I’m sorry to OP) but some of the tax advice being thrown around in here was just downright dangerous.
Back to topic at hand, $55k thick stamp and $200k bgs pristine seem very fair at the moment although I can see people not budging and selling
Well it’s a good thing alot of us are resellers at some extent. All we need to do is simply write off all our pokemon purchases we made that year to counter the sale. Being in a hobby that allows for resale makes this easier if you are always buying and selling. Works the same way as the stock market in this regard. Perhaps I should have specified this from the start even though others said the same thing
I could prove it easily but I respect everyone’s privacy rightly. I keep track and keep up to date, I look at each card, analyze it, keep the codes and save on my pc from 3 years. I analyze post, discussions on ig here facebook you-tube and twitter and I speak privately. Also as Gary himself said in an old post dated April 15, 2019 (verbatim): “I would recommend not paying attention to the difference. It complicates things and adds to the frustation”. I think the same myself and many others and this reflects what I said: strong or weak is the basis of the difference in price. I challenge you to find two perfectly identical charizards, one thin and one thick, and choose. At that point we will see if the question is actually different. Otherwise it is like talking about the sex of angels because no card is the same as the other and since a pristine charizard thin is worth much more than a psa 10 thick the reasoning you say has already lost its meaning.
I already acknowledged that there would likely be more of a difference paid between strong 10 / weak 10 examples than there would be for thick stamp / thin stamp examples, so I’m not sure what your point is in comparing the BGS 10 to the thick stamp 10.
If you feel you have enough data points to show that there is no difference in value between thick stamps and thin stamps, fire away.
What I have is easily observable data that a significant % of people seeking 1st Base holos are specifically seeking thick stamps. We also have observable data that thick stamps are rarer than thin stamps. Put those two together and there should be a difference in price.
The OP himself said that thin stamp was an issue for him with several potential buyers even though he had a strong 10. This is the sort of thing that can lead to a difference in realized sales price.
the last 4 sales not to mention mine which would be the 5th are all records and all are with thin stamps. Furthermore, the charizard sold on ebay in the uk was thick and was sold for less than all 4 thin sold privately and here there are members can confirm this.
I would also add that currently the most expensive English psa 10 card ever sold is a charizard 1 ed psa 10, THIN, strong, with an % possibility of regrade to pristine (Gary himself saids probably is the last chance for another bgs 10 now). Here’s what I say: strong outclasses the different version!
Same logic seems to apply—and this is just an observation about the logic, not an invitation to discuss a different topic or derail the thread—to new certs v. old certs
I’ve always thought the thick stamps look a little uglier and more awkward haha
It wouldn’t surprise me if “thick” is rarer, but has anyone been able to quantify reliably? (In my experience of looking at cards over the years, it seems to be about half and half, if not slightly more thick stamps)
@marco We’ll have to agree to disagree on thick stamps and thin stamps. I could continue to respond to you but I feel like we’d be talking in circles and I don’t want to derail this thread further than it’s already gone.
@7l7l , Data I’ve observed through the years shows there’s something like 2 thin stamp holos for every thick stamp holo. I believe Gary once put together a document showing something similar.
I personally think the thick stamp looks better than the thin stamp. The thick stamps also match the Base Set non-holos. It also gives Base Set something unique compared to all the other WOTC sets (which are all thin stamps). I also like thick stamps because I believe it’s most likely they were stamped first. But to each their own!
I’m going to exit this thread now.
Sorry about getting your thread side tracked @austonmatthews . Wishing you and your friend good luck.
In fact, there is some reporting banks do beyond 1099s in the United States. Deposits exceeding 10K or more in a single day are reported to the federal government by financial institutions. See above link.
I personally don’t care about thick or thin stamp - Id buy either at the right price, i think both are tremendous, with potential to grow similarly
However, when you have a thin stamp - and I’ve had multiple … you will hear a lot of this
“Ah, I would have paid x, but it’s a thin stamp”
“If i’m going to spend that much, i rather a thick stamp”
etc etc. Whether these potential buyers, were actually able to pull the trigger is another story (perhaps just finding an excuse) - but the fact of the matter is, you do hear it.
So, looking for a thick stamp is essentially to cut out the noise - not that I think thin stamps are inferior. I think thin stamps look better to be honest. I think the difference is so subtle, that it shouldn’t even matter
I know it has turned “outside of pokemon” potential buyers off - ie. “I wanted to buy a charizard, but i dont get this thick/thin stamp thing” - however, maybe the pokemon community wants less outsiders to enter, so it could be a good thing!
When buying for my business partner, I don’t want him to go through the “it’s a thin stamp” ordeal - so I directed him towards a thick stamp
All in all! If you have a thick stamp, let me know:)
From what I noticed when I was following this it was initially sold then re-listed, I think the first transaction never went through. It looks like maybe it was sold privately or the seller chose to take it off the market after the second re-listing because I only see the one “sold” history. If anyone can confirm or is more competent with the ins and outs of ebay listings to confirm that’d be great.
It was relisted after an incomplete sale (likely a troll hit but it now then didn’t pay). Since being relisted it was taken down but there is no way of knowing without communicating with the seller directly if it sold privately or the seller decided he didn’t want it on the market anymore or his dog gave it a quick chew
Yeah, the pokemon_malin $37k “shy backside” Charizard that the owner refuses to show the back of and is only available to be delivered in a select few European countries is once again the only PSA 10 1st edition Charizard on eBay.