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Armageddon Potato

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Posts posted by Armageddon Potato

  1. 40 minutes ago, Magus said:

    I definitely appreciate that. And i apologize if i sounded defensive in that last post, but i hope you can imagine how much work goes into all the posts here, and going back and forth trying to get everything resolved, and to make sure everyone gets a response and knows their question or issue is being acknowledged. All while trying to handle the daily data, and logistics of all the changes the site had to go through. And all on my own time. 

    I appreciate every single comment i get here, even the complaints, i've said it before. Every issue i am able to get fixed makes me feel like i am 1 step closer to getting GVN where i want it to be and the more issues that get sent my way, the faster i can get to them. 

    Some people here think i am just wasting my time, but i truly don't feel i am and think for MOST users GVN is going be better than it was before. 

    P.S Blood Will Tell was fixed. If you look now, there is a ton of data. BUT it takes about 24 hours for the average to update, and i need to make sure it updates in the collection tracker as well. But it's on its way. 

    FF7 is also being fixed, there is a keyword issue which caused some missed sales.
     

     

    Heya bud! Just a couple questions:

    1.) Best offer sold listings have been inflating the price of BIN'd games when the best offer was present or made with the purchase. I've experienced this first hand already in a purchase I made of a somewhat rare game. Is there a way to find the best offer price and use that more accurate data, or has Ebay completely blocked that off from ever being tracked?
    2.) Do you have plans to expand to other places such as Amazon for video game price tracking?

  2. Modern free to play games where the game balance is based around charts with the devs stating something in the game is fair according to the charts, but the entire gaming community and any amount of common sense or playing the actual game for 5 minutes against it says otherwise. Sometimes charts and data =/= game balance. This always degenerates into a bad pattern of letting whatever is new/broken/unfair exist until it sells enough microtransaction stuff to those willing to borderline "pay to win", and then eventually when it's far too late gut whatever it is or power creep over it and pretend it either was never a problem or the game devs pretend to have finally listened to the community.(When they really didn't do anything of the sort.) After which the next set/champ/level/map/tier/release/etc the cycle continues with a bump up in power creep for good measure.

     

    Edit: Not sure how minor this complaint is, lol.

    • Like 1
  3. Thanks for the response guys! I'll see if I can pick it up when he has the whole collection ready for me. I actually was legitimately asking about the price as the market right now has been spiking on fear/speculation/FOMO etc, and I wasn't sure if that one that sold loose for ~$1,950 was normal or the market is just hyped up right now. I know the box will add value, just not sure how much? As an example I just priced out a PS1 collection that came in and the Parasite Eve II that was in it has sold on Ebay CIB for $75 to $150 all across the board. Heck I remember selling a loose Hot Slots I picked up locally in "the hood" and later sold for $950 shipped to the Netherlands, because back then I couldn't justify keeping something that I spent a lot to aquire and was expensive, but at this point in my life money isn't the same issue it once was. Hard work pays off yo!

    I'll post an update if/when I pick up the collection! I got some more pictures and I can make out a boxed Kirby Superstar pack-in Model 2 Super Nintendo system CIB which I can't find anywhere, even just a picture of it? I can also see a Bubble Bobble Part 2 CIB(I think?) I should probably ask for better pictures, lol.

  4. https://www.resetera.com/threads/update-super-mario-64-and-oot-source-leaked-massive-nintendo-data-leak-source-code-to-yoshis-island-a-link-to-the-past-f-zero-and-more.254724/

    I haven't seen anyone on here talking about this yet and it's pretty amazing! Tons of early betas, and lots of cool full resolution artwork from Nintendo.

    I wonder if that early Super Mario World map is even earlier than the one we've seen before in that old demo?

    • Like 2
    • Thanks 1
  5. 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.

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    • Like 6
  6. 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?

  7. 43 minutes ago, Shmup said:

    Very interesting. I had no idea until I read this thread.
    I’m from Australia and it works very differently here when you’re selling hobbies.

    Art and coins are probably the only real collectibles that the tax office are interested in here and it would have to be investment grade.

    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.

  8. 31 minutes ago, Shmup said:

    Wow it blows my mind that you have to pay tax on selling second hand video games in the US that were collected as a hobby. Sort of sucks the fun out of having a hobby if you have to keep records.

    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!)

  9. 8 hours ago, ICrappedMyPants said:

    Would you really have to pay income tax? Couldn’t you offset gains against losses? I have so many games that I paid full price for when they first came off that gains would likely be negated. How would the government expect you to keep receipts from twenty years ago for games? I’m just asking.

    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! 🙂

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