Wow Rare Air 52 Mantle SGC 5 REA

BobC · #1 08-16-2022, 12:44 PM

Quote:

Originally Posted by MikeGarcia

.. The current thread about capital gains on baseball cards has cooled a lot of jets , at least until their applications for Swiss citizenship are approved.

..

....

..fortunately in my situation my capital gains on my own '52's will permit me to remain in Pottsville R D 4 , where the goats and sheep take care of the lawn.

..

Don't let the capital gains tax deter you. It is still capped at a max 20% rate......for now. If they end up taking that cap off after a certain point, watch for a lot more of the big value cards to start appearing for sale/auction, before the higher tax rates take effect.

And picking Swiss citizenship may not be a great move. Along with income taxes levied at the federal, canton (their version of our states), and municipal levels, the Swiss may also levy a wealth tax at the canton and local levels. My understanding is their taxes can be as complicated and confusing as ours.

robertsmithnocure · #2 08-16-2022, 01:29 PM

Quote:

Originally Posted by BobC

Don't let the capital gains tax deter you. It is still capped at a max 20% rate......for now.

BobC, are long term capital gains on collectibles taxes at 20% or 28%?

https://www.investopedia.com/article...bles-taxed.asp

Johnny630 · #3 08-16-2022, 02:26 PM

The one in Heritage that sold in Feb of this year was a SGC 5, it blows this REA example in my opinion.

https://sports.ha.com/itm/baseball/1...umbnail-071515

also one just recently sold in PWCC Premier that looked killer, SGC 5 1952 mantle went for $156,00 So how are we getting to $306,000k 1 months later?? I have no idea ?

https://sales-history.pwccmarketplac...ms/PREMIER3873

If I had 1952 Topps Mantle SGC 5 of same caliber as this last one, I would be nervous to consign mine. Fearful it would only bring between a 100-150k, somewhat more normal. Not saying I don't believe the last sale just saying it's not normal to be to see that card going for $306,000.

Peter_Spaeth · #4 08-16-2022, 02:33 PM

Quote:

Originally Posted by Johnny630

The one in Heritage that sold in Feb of this year was a SGC 5, it blows this REA example in my opinion.

https://sports.ha.com/itm/baseball/1...umbnail-071515

also one just recently sold in PWCC Premier that looked killer, SGC 52 mantle went for $180,00 So how are we getting to $306,000k 3 months later?? I have no idea, do you?

If I had 1952 Topps Mantle SGC 5 of same caliber as this last one, I would be nervous to consign mine. Fearful it would only bring between a 100-150k, somewhat more normal. Not saying I don't believe the last sale just saying it's not normal to be to see that card going for $306,000.

204 on the Heritage. So a 50 percent gain.

Johnny630 · #5 08-16-2022, 02:36 PM

Quote:

Originally Posted by Peter_Spaeth

204 on the Heritage. So a 50 percent gain.

Peter, Look at the last one for $156,00 PWCC in July

Peter_Spaeth · #6 08-16-2022, 02:42 PM

Quote:

Originally Posted by Johnny630

Peter, Look at the last one for $156,00 PWCC in July

I don't know, John. Many things in this hobby leave one shaking one's head.

Johnny630 · #7 08-16-2022, 02:54 PM

Quote:

Originally Posted by Peter_Spaeth

I don't know, John. Many things in this hobby leave one shaking one's head.

Agree !

MattyC · #8 08-16-2022, 02:51 PM

It is highly subjective, yet I much prefer the REA card to the other two linked above. The absence of tilt is big to my eye. Do I prefer the REA card 100k more... all I can say to that as a centering guy is I would not bid on any of those three, yet would pay that premium and then some for what I wanted.

Bidding wars can really drive up a card. I remember talking with a good friend here at Net54 about a particular card he wanted to win at auction; another guy kept topping him last second to reset the timer and it became a heated thing where he was determined to take the card home. As I am sure the other guy was, too. Happened to me as well most expensively on my own 311. Was going at it with a collector I knew and a third who was a buddy on this site, and when the smoke cleared it went for more than double the then going rate-- albeit the "average" rate. As they say, average prices are for average cards.

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