Selling on BladeForums

[MrTambourineman]

I am getting older and need to sell off my knife collection so my wife doesn't have to deal with it. I am not planning on leaving any time soon, but you never know. My question is: Would there be any interest in the Forum members purchasing the custom knives I have? My collec tion consists of approcimately 200 custom knives. I have 15 Rick Hinderer early custom knives, 12 DDR custom knives, 50 Hugh Bartrug custom knives, a few Loeless customs, and many other custom makers. How many should I list at a time and how often to post. I don.t want to overwhelm the board. Thanks in advance for any suggestions to help me on my quest.

 

[Sbs1974]

Read the rules. You can list a few a day nothing wrong with that. I wouldn’t list to many at once as it’s to much to keep up with. That’s just my opinion. There are always buyers so list away

 

[Locutus D'Borg]

Or you could donate some to me and take the tax write-off. Otherwise, Sbs1974's post makes sense.

 

[Peter Hartwig]

I would just start nibbling away at it a few at a time. Some will likely be fairly easy to sell, others more difficult.
Good luck

 

[sodak]

I'm going to begin thinning my herd as well, but mine aren't customs. Maybe 2 or 3 a week, or something like that.

 

[Gary W. Graley]

I recommend to list 4 at a time, easier to keep track of, and be sure to post in the correct forum sections, Folders, Fixed, Customs each have their own sections for individual people.

see rules of the sales forum here; https://www.bladeforums.com/threads/updated-exchange-rules.1646280/

Keep your list matched to the order of the knives in the photos.

I've seen some that will show a photo of the group and then subsequent posts in the same thread, one for each knife

As some may not recognize the various knives, numbering them would be a good way to show them, magic marker number next to each knife.

Clearly state the price for each knife and as the new rules of the forum, you need to state the complete price if you are going to use PayPal or something that has percentages, in other words you need to do the math as to how much you need.

Photos are key, show a few views of each knife, if someone needs more photos, add them to the particular post in the thread, don't scatter them throughout the thread.

A spreadsheet for yourself to keep track would be good, if you don't have microsoft suite of software, you can get the free OpenOffice and use that to keep track of the knife, cost, buyer's email/address

Good luck, it's been a long time Hugh Bartrug's name was mentioned in Bladeforums, I met him and Rick Hinderer many years ago at an Ashokan Seminar, it was nice to meet them both and to get to know Rick over the years.

G2

 

[braillediver]

Be prepared to work out your Tax Obligations before you start selling. Have a clear system to identify your purchase price \ sale price and profit per knife in advance of starting.

PayPal will be sending out 1099's this year so you need to be prepared: https://www.bladeforums.com/threads/paypal-1099.1772672/

 

[Hvactech]

Be prepared to work out your Tax Obligations before you start selling. Have a clear system to identify your purchase price \ sale price and profit per knife in advance of starting.

PayPal will be sending out 1099's this year so you need to be prepared: https://www.bladeforums.com/threads/paypal-1099.1772672/

I've also read that if you sell a personal item, like a knife, and if it's sold at a "loss" (wink wink) compared to what you paid for it, there will be no taxes on it ? Something to look into.

 

[jlauffer]

I've also read that if you sell a personal item, like a knife, and if it's sold at a "loss" (wink wink) compared to what you paid for it, there will be no taxes on it ? Something to look into.

The issue is that if you get a 1099, it's on you to prove that you didn't make a profit, otherwise you will get taxed on the entire 1099 amount. Some states started this before the Fed, so there's been a lot of debate over the best way to handle the 1099 on your taxes. Maybe now that it is a federal thing starting in 2022, there will be more guidance forthcoming

 

[Crag the Brewer]

I've also read that if you sell a personal item, like a knife, and if it's sold at a "loss" (wink wink) compared to what you paid for it, there will be no taxes on it ? Something to look into.

If it's sold via a third party money transaction, there is no Wink Wink.......

 

[sodak]

Money orders still work fine.

 

[batonbuck]

What I read is that you can claim a loss on sales of stocks but not on sales of things like coin collections or knives. I guess the folks who write laws don't bother with trivial items that aren't in the thousands of dollars to buy.

The 1099 on PayPal or Venmo transactions over $600 a year seems incredibly stupid. Sodak's post re: MO and even checks makes sense if you don't want to get strangled in paperwork over falling in and out of love with expensive knives.

The total loss that can be claimed a year is $3000 for now.

 

[NDGuy]

I am getting older and need to sell off my knife collection so my wife doesn't have to deal with it. I am not planning on leaving any time soon, but you never know. My question is: Would there be any interest in the Forum members purchasing the custom knives I have? My collec tion consists of approcimately 200 custom knives. I have 15 Rick Hinderer early custom knives, 12 DDR custom knives, 50 Hugh Bartrug custom knives, a few Loeless customs, and many other custom makers. How many should I list at a time and how often to post. I don.t want to overwhelm the board. Thanks in advance for any suggestions to help me on my quest.

PM'd you sir