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Posted By: Rick McQuillan

Eric, you brought up a good point. There is a lot of cash changing hands today. How much of it will be reported? How much sales tax and income tax will be paid on this cash? It is only a matter of time until the IRS takes a closer look at this hobby. I was at a flea market in Wisconsin a few years ago when the the Department of Revenue had people checking the dealers to make sure that they had a Sellers License from the State of Wisconsin.

I'm not sure how the big dealers work things out when they purchase cards at a show. Do they issue a 1099's on large purchases?

Rick