why do sellers change asking price to sold after a sale?

[swarmee]

I just assume that it's people not wanting the IRS to see what transactions they should now be taxed on.

[jayshum]

Originally Posted by swarmee

I just assume that it's people not wanting the IRS to see what transactions they should now be taxed on.

I don't think the IRS has the resources to be looking for online sales and to try to connect them to someone without a social security number being available with the transaction, unless Leon is going to start sending in 1099s for any card that sells for over $600.

[Fred]

Perhaps in some cases, the seller doesn't want to disclose the sale price because there are those the saw the "offer to sale" price and will be able to gauge how much a seller will negotiate the next time something is offered for sale.

I'm not afraid to send an offer to a seller. Worst case is that they say no or there's further negotiation. What's poor form is when people just completely low ball the seller, or (and I know I'm going to get an earful about this next comment) is when someone has a really nice sale price and someone buys it to flip it quick to make a few bucks. In my opinion, if someone has a nice price on it, let it go to another board member that can appreciate the card and hold on to it because they truly want it as part of their collection - ok, bring it on, let's hear the reasoning about capitalism and "if one person didn't do it, then someone else would do it".

[bnorth]

Originally Posted by Fred

Perhaps in some cases, the seller doesn't want to disclose the sale price because there are those the saw the "offer to sale" price and will be able to gauge how much a seller will negotiate the next time something is offered for sale.

I'm not afraid to send an offer to a seller. Worst case is that they say no or there's further negotiation. What's poor form is when people just completely low ball the seller, or (and I know I'm going to get an earful about this next comment) is when someone has a really nice sale price and someone buys it to flip it quick to make a few bucks. In my opinion, if someone has a nice price on it, let it go to another board member that can appreciate the card and hold on to it because they truly want it as part of their collection - ok, bring it on, let's hear the reasoning about capitalism and "if one person didn't do it, then someone else would do it".

I have sold countless cards on here to see them reappear back on here for sale. One buyer on here has resold easily 90% of the cards he has bought from me on here. Sometimes they get relisted on here fairly quickly and sometimes he holds them before reselling them on here.

The 2 biggest cards I bought on this forum was resold to 2 different members and then later put back up for sale on here again. As members we pass around a lot of cards amongst ourselves.

[GasHouseGang]

Originally Posted by jayshum

I don't think the IRS has the resources to be looking for online sales and to try to connect them to someone without a social security number being available with the transaction, unless Leon is going to start sending in 1099s for any card that sells for over $600.

If they don't now, they might soon. They are supposed to be hiring 87,000 new IRS agents.

[JustinD]

Originally Posted by swarmee

I just assume that it's people not wanting the IRS to see what transactions they should now be taxed on.

I always just assumed that was an occasional part of the reason also. Even if it does seem a tad paranoid to think that way, but a program to scrub the internet for random names attached transactional data would not be a hard flagging program to create if wanted.

In the couple times I have listed items, I always just edited to strikethrough text unless someone was to specifically ask me to remove- Like so: $2000 SOLD. Seems a logical use as it's an option right there in the message functions.

[icollectDCsports]

Originally Posted by JustinD

I always just assumed that was an occasional part of the reason also. Even if it does seem a tad paranoid to think that way, but a program to scrub the internet for random names attached transactional data would not be a hard flagging program to create if wanted.

In the couple times I have listed items, I always just edited to strikethrough text unless someone was to specifically ask me to remove- Like so: $2000 SOLD. Seems a logical use as it's an option right there in the message functions.

Seems like a good way way to go.