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Armageddon Potato

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About Armageddon Potato

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  1. Heya guys! If you have a loose Stadium Events for sale let me know! A friend of mine is determined to add one to his collection!
  2. Honestly I've kind of always been a collector of sorts/circumstances. We were too poor to buy new games outside of something like a Birthday or Christmas. Every weekend we would go out to the flea market, and sometimes my uncle and dad would sell car parts and various items. When I was out there I would spend whatever I had saved up or earned on any game stuff that took my interest. It started with Atari 2600, and over time moved up the ladder. I was always looking for older generation games as they went for much cheaper. I remember finding Fallout on PC out there for 50 cents. The guy selling it to me told me it was one of his favorite games, and he thought I would enjoy it as much as he did(and he was totally right!) Another memorable time a very old lady sold me Ecco the Dolphin for $9. She told me the game was very special to her and she had played it to completion many times, but she felt it was finally time to pass it on. She asked me if I would take good care of it, and I told her I took good care of all my games! After I got home I realized she had written almost every line of dialogue in the game in a folded piece of paper in the manual, had all the cheat codes, and pretty much documented the whole game right there in the instruction booklet! I still have the game to this day! One last story I'll throw out there is when a rental place called "Movie Time" by my house was going to close down, and my mom asked me what game I would rent if they weren't closing down. Luckily I chose Panic Restaurant, and it showed up two weeks later for my birthday! Movie Time had given her the box and manual as well, and I still actually have it to this day! Even the spot on the front of the box where I dropped birthday cake & ice cream on it, lol. Back then I didn't sell any of my games since everything I owned had to be found out in the wild. There was little chance you'd ever see the same game twice for a good price if you sold it off. I did once trade TomCat Alley on the Sega CD for Soldiers of Fortune on the Genesis to a kid at 4th R, but that was it. Any CIB games I had were on a small shelf in the backroom because I thought they looked cooler that way.
  3. I'm not a sealed guy at all so I don't really get the appeal of having it sealed, let alone graded. I prefer my personal evaluation of condition over some random shadowy company. Maybe he's working for WATA? Random hypothetical thought: You guys ever wonder if too many different sealed grading services ever cropped up during a grading craze or something the whole sealed market could possibly crash?
  4. Oh, yea I meant for the USA only. Not sure how it works elsewhere, but here it's worded to be pretty strict. Really I don't think they care if you traded a California Games NES manual for a T2 NES manual. They probably only care if you're doing it on a large scale/regularly or making a sizable amount on something.
  5. I mean, that's how it is with anything you make money on(in the USA.) If you sell your collection without any records your cost basis will be considered zero. All income you make a profit on is taxable. Heck, even barter is taxable! "The IRS reminds all taxpayers that the fair market value of property or services received through a barter is taxable income. Both parties must report as income the value of the goods and services received in the exchange." Think about how many different forums there are with people trading so many different types collectibles! Another thought is if you made no money selling your collection or even took a loss. You would not owe, and could even get a possible write off. Again, it all depends on how good you kept records of everything. What really blows my mind is I didn't learn any of this in school! (At least not back in my day!)
  6. It works kind of like doing taxes for say a professional poker player. If you can show that you consistently kept good records of everything you bought over the course of your many years of collecting video games then you can write off what you paid for them. Lets say you paid $5 for Chavez II on SNES in 2002, then sold it on Ebay for $20 in 2018. As long as you had a record of both ends of that you would subtract your initial cost and fees which gets you your profit. The profit is what you will land up paying taxes on in the end. Now let's say instead you make a huge list of what you think you paid for them all in a single day or week, and you didn't consistently keep good records of everything you bought over the course of your many years of collecting video games. The IRS could(has the right to) decide your tax record keeping method in this way was fraudulent, and you could be in serious tax trouble. The reason I mention professional poker players is this is how they get nailed by the IRS if they get lazy with record keeping. Make sure in any endeavor where you could land up cashing out down the road or making a profit you show due diligence to keep good tax records over long periods of time. (Same thing for a job, business, hobby, etc.) If you can prove you did your due diligence to keep good records of what you bought you should be fine! I know I do!
  7. At this point we know how Billy Mitchell cheated, that he's been lying about it for decades, and I don't think Guinness can change that. If anything this just hurts Guinness reputation even more.
  8. Awesome news! Would it be possible to migrate our old NintendoAge feedback to here as well? I am so sad I lost 267 positive feedback after all those years...
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