My first consignment

[insidethewrapper]

How does it work for taxes ? Does the AH report your sales to the IRS or is that up to you to do it ? See many items selling for over 100K, so was just wondering. thanks

[Bicem]

It's up to you to report.

[cardsagain74]

Another neophyte question:

Given the large buyers' premiums at the typical large AH, what are the sellers' costs or fees to consigning at one of them?

[Directly]

Delivering in person or having them pickup your items may depend on the value. USPS Registered mail will only insure up to fifty thousand, so you may want to check FedEx on their insurance limits--good luck with your consignment.

[Bicem]

For a large value item have the AH send you a label or instructions how to ship so that you're covered on their private insurance policy.

[Eric72]

Thank you, everyone. I appreciate your insight and suggestions.

I drove to drop the item off in person. The experience went quite well and the staff member with whom I worked was pleasant and professional.

Since the auction won't occur for a few months, I won't really know how much the item will bring until 2021. However, I am quite confident the hammer price will make this process worthwhile.

The item isn't technically a Pre-War card, so I won't go into specifics here regarding what was consigned. Plus, in my opinion, promoting it on the main page would be in poor taste.

Once again, thank you. I really do appreciate this board and its membership.

[jcmtiger]

Originally Posted by Bicem

For a large value item have the AH send you a label or instructions how to ship so that you're covered on their private insurance policy.

Yes, I did that, Worked for me

[Aquarian Sports Cards]

Originally Posted by Directly

Delivering in person or having them pickup your items may depend on the value. USPS Registered mail will only insure up to fifty thousand, so you may want to check FedEx on their insurance limits--good luck with your consignment.

Fed EX and UPS will sell you whatever insurance you want, but then when it, god forbid, comes time to file a claim they point you to the fine print that states that they don't insure collectibles over $1000 and then they give you $1000 and refund you the insurance fees you paid.

[Eric72]

Originally Posted by Aquarian Sports Cards

Fed EX and UPS will sell you whatever insurance you want, but then when it, god forbid, comes time to file a claim they point you to the fine print that states that they don't insure collectibles over $1000 and then they give you $1000 and refund you the insurance fees you paid.

I have read/heard this numerous times. I figured it would actually be faster to drive the item to H&S than it would be to properly research the best way to ship and fully insure it.

[Aquarian Sports Cards]

If your consignment is good enough they'd probably come to you, it's not that long a drive.