The sad truth is that if you accumulated your collection in the 60's and 70's, as many did, its worth about 3 times less than you paid for it, if you adjust for inflation. When I sell my machines, am I supposed to tell Uncle Sam? Because if I paid 300 for a machine in 1980 and am lucky enough to sell it for 350 today, I lost money. But the govt doesn't look at inflation. Am I supposed to declare that as profit? I am never clear on where collections enter into paying taxes.
--- "Loran T. Hughes" <lo...@oldcrank.com> wrote: > Ha! You've fallen into my trap, grasshoppers. Once > you equalize the > dollar values, you have to factor in the > collectability of the machine. > We all know that collectability is the inverse > factor of your ability to > reach for your wallet and your credit rating among > other collectors :) > > Loran > > Phillip Sands wrote: > > >I paid far more in the 70's for this stuff. In 1975 > >you couldn't touch a Standard for under $600.. You > can > >find them on Ebay now for 300. Do the inflation > math. > > > > > >--- Daniel Melvin <d...@old-phonographs.com> wrote: > > > > > >>So if this was true in 1975... > >> > >>Victor Model VI, original mahogany horn, gold > >>pillars, WITH original > >>rare matching cabinet shaped liek the machine, but > >>on a larger scale. > >>$950. > >> > >>It would be $3268 today. I'm ready to buy one on > the > >>spot for $3268!!! > >> > >>Good point about prices though. With inflation and > >>such the deals aren't > >>really as astounding as them seem. But what a way > to > >>dream about old prices > >>available today. > >> > >>Dan > >> > >>----- Original Message ----- > >>From: "Loran T. Hughes" <lo...@oldcrank.com> > >>To: "Eric Stott" <est...@localnet.com>; "Antique > >>Phonograph List" > >><phon...@oldcrank.com> > >>Sent: Wednesday, March 10, 2004 3:55 PM > >>Subject: Re: [Phono-L] Phono buying in 1975... > >> > >> > >> > >> > >>>Here's another fun way to look at it. $100 in > 1975 > >>> > >>> > >>equates to $344 in > >> > >> > >>>2004. > >>> > >>>Loran > >>> > >>> > > > _______________________________________________ > Phono-l mailing list > phon...@oldcrank.com > http://t2.cwihosting.com/mailman/listinfo/phono-l_oldcrank.com __________________________________ Do you Yahoo!? Yahoo! Search - Find what youre looking for faster http://search.yahoo.com
