Ask Your Question

Angie's List Answers is the trusted spot to ask home improvement and health questions and get answers from service companies, health providers and consumers. For ratings and reviews on companies in your area, search Angie's List.

 
 
or
Submit
Top 30 Days Experts
Rank Leader Points*
1 kstreett 240
2 Guest_9020487 110
3 Guest_9190926 105
4 GoldenKid 100
5 ahowell 95
6 KnowledgeBase 95
7 skbloom 80
8 Guest_98024861 70
9 Guest_9311297 70
10 Guest_9400529 70

*Updates every 4 hours

Browse Projects By Category

Question DetailsAsked on 6/29/2017

Need an honest appraiser of sports cards

Help with pricing of sports cards

Do you have the same question? Follow this Question


2 Answers

0
Votes

Karumba67,

Thank you for reaching out. We would be happy to help! If you have not done so already, please go to Angieslist.com to set up a membership, its free to join. From there you can search our list for Appraisals – Antiques/Jewelry/Items that may be able to assist your needs.

Have a great day!

Iann M

Answered 1 year ago by Member Services

0
Votes

Angies List gave you the Search the List category.


Collectibles and antiques and such like that can be a problem, because many of the people who would normally give you an assessment are dealers with an interest in getting your cards cheap. Also risky sometimes leaving them with the dealer for appraisal because of the risk he/she will substitute less valuable or poorer condition cards for the best ones or just pilfer a few, or give you a lowball appraisal in the hopes that you will give them to him for that much.


Your best bet is a professional Estate Appriaser or public Collectibles Appraiser - a professional who does nothing but collectible appraisals, for estate and tax capital gain/loss valuation and such. This is especially important if these are being appraised for any purpose that will show up on a tax return or filing, where you will need a certification by the appraiser showing his/her qualifications to do a tax basis/valuation appraisal. You might have to google for collectible or estate appriasers in your area, weed out the dealers, then check for any ratings or reviews on Angies List maybe under a different category.


If just looking at this for personal edification or to ballpark their value, google a search phrase like this - sports cards collector price guides - there are annually published price guides out there for pretty much any sort of collectible. Be sure to check which version you are getting - for commonly traded items like stamps and coins and sports cards there are uslaly two versions - the whole sale value (what a dealer would be likely to pay you) and the retail value (what a dealer would sell it for, which is also the top end of what a third=party might give you in a private sale.


BTW - if looking at selling, don't forget capital gains tax, and that for collectibles you pay federal income tax at your regular tax rate (capped at 28%), not the preferential 0, 15, or 20% capital gains tax rates. Plus applicable state tax rate, so selling might not look so good after taxes take 1/4 to 1/2 of the gain. If these are cards you collected as a kid it can be worse, because you can't prove the cost basis (or it is very low) so the entire dsale amount (lacking proof of cost basis) is subject to the capital gains taxation.


More info on that here, with links to more detailed publications on how to figure it -


https://www.irs.gov/taxtopics/tc409.html

Answered 1 year ago by LCD




Related Questions


Terms Of Use
|
Privacy Policy