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Sknowles Posts: 1
2/2/2021
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I'm looking for some advice on how to get rid of my collection. Not sure if it makes sense to sell for cash or donate for tax purposes.
Short version:
Does anyone have any experience or thoughts on the best way to unload a collection all at once?
I know there are services out there that buy collections but I don't know if my collection is something they want. Virtually nothing in my collection is pre-80's.
Are appraisals expensive? Do most cities have local appraisers that could do that?
Long version:
I have about 15 longboxes of comics bagged and boarded from the 80's, 90's and 00's that I'm trying to unload. Mostly Marvel and DC in those periods (mutants, Spider-man, Batman, etc) but also lots of Image and some other indies. Some desirable stuff in the mix but also lots of run-of-the-mill issues. I just uploaded 1 box of random issues over the last few days into my collection so that's going to take some time to get it all in there.
I subscribed to this site as a way to get a rough idea of my collection's value and to have some sort of electronic tracking of what I have in case I needed it.
I've been entering everything as 9.4 as a baseline unless I know it's lower. Nothing has been professionally graded. Most of them were carefully read at most once and then bagged and boarded and stored in a box.
I want to get rid of the whole collection at once and I don't want to part out stuff to sell unless it's really really worthwhile to do that. The thought of bargaining with someone about the condition of a particular issue after the sale is the last thing I want to do.
I am well aware that the buy/sell prices of my collection are not the same and the value assigned to my collection on this site is not what I could sell it for. Is there a baseline % I can use to say roughly what my collection is worth based on the valuation assigned by this site? 20%? 30% More? Less?
I was told by my accountant that if the value of the collection is over $5K, it needs an independent appraisal if I want to donate it and get the tax benefit.
Thanks in advance for any advice
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BattleFamousComics Posts: 47
2/2/2021
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You can definitely find free appraisals on a quick search engine request. As long as you wish to take the time and make a list of everything, someone will appraise you and make an offer. You can also list your collection on Craigslist or advertise it on social at a wholesale price. Wouldn’t hurt putting something up on eBay about it. Good luck!
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