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US Supreme Court Decision
PostPosted: Thu Jun 21, 2018 11:56 am Reply with quote
Neilywatch
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Joined: 16 Oct 2010
Posts: 5145




Now that that the US Supreme Court has decided that states can require internet entities to collect sales tax for all states that they sell to, what is the future of internet sales, and how will it affect our hobby?

Is this the beginning of the return to NAWCC??

Its 10% to ebay, 3% to Paypal, and 6.625% to New Jersey, plus $7.90 for priority mailing so my pkgs dont get stolen, There's no way to make money on watches anymore~

Jonesy will charge me either 15% or 17% depending on what it is. I think it may be cheaper to just send them a box of whatever I have left that I planned to sell on eBay, and them deal with it. And I'll probably make more money that way!

What do you guys think???

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Neil - Crazy for Walthams!
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PostPosted: Thu Jun 21, 2018 12:01 pm Reply with quote
Jon
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the SIMPLE answer is: GET A RESALE NUMBER

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Jon "the truth" Hanson
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American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Thu Jun 21, 2018 12:10 pm Reply with quote
Neilywatch
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Joined: 16 Oct 2010
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I have one, Jon.

I would have to give it every single person I buy from??? Most of these sellers are not businesses.

In addition, as a seller, I have to collect sales tax from everyone I sell to, also.

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PostPosted: Thu Jun 21, 2018 2:06 pm Reply with quote
Jon
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Location: Boston, Ma




TRANSACTIONS ON YOU END BUYING--all you have to do is give your tax is number,'

Selling--you have to get either a resale number from buyer or collect NJ sales tax.

Period.

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Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Thu Jun 21, 2018 6:20 pm Reply with quote
Jon
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Location: Boston, Ma




Well, one solution would be to move to New Hampshire, joining JH auction and FF, Dave Bush, Labinsky, etc.

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Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Thu Jun 21, 2018 8:36 pm Reply with quote
Neilywatch
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Joined: 16 Oct 2010
Posts: 5145




LOL -

That's my pipe dream - to work for a horological auction house!!

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Neil - Crazy for Walthams!
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PostPosted: Thu Jun 21, 2018 8:40 pm Reply with quote
Jon
Chapter President
Joined: 02 Dec 2002
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Location: Boston, Ma




Neilywatch wrote:
LOL -

That's my pipe dream - to work for a horological auction house!!



NO, Nelly, just to be within the tax free state--maybe you could use their sales site to dump unwanteds just like FFred?

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Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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Re: US Supreme Court Decision
PostPosted: Fri Sep 28, 2018 11:28 am Reply with quote
Jon
Chapter President
Joined: 02 Dec 2002
Posts: 25529
Location: Boston, Ma




Neilywatch wrote:
Now that that the US Supreme Court has decided that states can require internet entities to collect sales tax for all states that they sell to, what is the future of internet sales, and how will it affect our hobby?

Is this the beginning of the return to NAWCC??

Its 10% to ebay, 3% to Paypal, and 6.625% to New Jersey, plus $7.90 for priority mailing so my pkgs dont get stolen, There's no way to make money on watches anymore~

Jonesy will charge me either 15% or 17% depending on what it is. I think it may be cheaper to just send them a box of whatever I have left that I planned to sell on eBay, and them deal with it. And I'll probably make more money that way!



What do you guys think???


Apparently goods at the auctions are drying up as well as prices weakening as a result of collection dumping. Some AH are not doing catalogues are going the online route due to high costs--just like the PG which will be no more because of slumping sales and high printing and postage costs.

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Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Fri Sep 28, 2018 1:08 pm Reply with quote
Neilywatch
Chapter Member
Joined: 16 Oct 2010
Posts: 5145




Something like the PG is better off on-line since price changes fluctuate faster than the book can be printed.

Also easier to edit.

As we all know, the PG is grossly outdated.

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Neil - Crazy for Walthams!
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PostPosted: Fri Sep 28, 2018 3:34 pm Reply with quote
Jon
Chapter President
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Posts: 25529
Location: Boston, Ma




No More Pocket watch PG--they are killing it!

_________________
Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Fri Sep 28, 2018 3:40 pm Reply with quote
Neilywatch
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Joined: 16 Oct 2010
Posts: 5145




Wow -

That's going to kill what's left of the hobby!

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Neil - Crazy for Walthams!
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PostPosted: Fri Sep 28, 2018 4:36 pm Reply with quote
danwatch
Chapter Member
Joined: 24 Mar 2004
Posts: 381




It was inevitable. No one reads books of any kind anymore, it seems. I always thought I would leave my valuable engineering library of 40+ years to my university when I finally retire, but I now doubt they would want it. The university library underwent a refitting where they removed the books so that the space could be used for electronic browsing instead.
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PostPosted: Fri Sep 28, 2018 6:54 pm Reply with quote
Jon
Chapter President
Joined: 02 Dec 2002
Posts: 25529
Location: Boston, Ma




So, hang on to those old PGs which will soon to become collectors' items!

_________________
Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Fri Sep 28, 2018 7:01 pm Reply with quote
geno
Chapter Member
Joined: 28 Oct 2005
Posts: 1601




Many of you don't know what it was like before any price guides and before the first early 70's Ehrhardt price guide. I, along with others could literally walk into any pawn shop and buy most of all the pockets they had, below value and below scrap. Knowledge was only had at the shows and your own personal experience with other collector dealers. Too many people buy based on what the book says or by what other people say. The downside as I see it will be on the sell side, no longer can you say 1 or more stars and fake values. I thing Neil is right in that it has propped up the market and there will be definite fallout over time. Once again Knowledge is King, and for those that already have it will have little or no effect. Most of my use as a seller on Ebay is sometimes referencing it, but for the most part don't need it. Geno
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BRING IT ON
PostPosted: Fri Sep 28, 2018 11:07 pm Reply with quote
Jon
Chapter President
Joined: 02 Dec 2002
Posts: 25529
Location: Boston, Ma




There still remain a fair number of old timers that never used the PG. When I started in horology over 66 yrs ago I had a B. Palmer and a few other books that were not price guides. I learned watches and other collectibles in the raw and remembered what I had observed. The first true American was book was Col Townsend's "Almost everything................" it had no prices and I knew virtually everything in that book already. In fact some us (Art, Wilbur and Russ and myself who met weekly at Dexters) liked to giggle, laugh and snicker about the errors and omissions contained therein Townsend.

It was a different world without PGs -- bring back on those days of personal knowledge and wisdom! The few of us now left got along just fine! Exclamation

_________________
Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
View user's profile Send private message Visit poster's website
US Supreme Court Decision
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