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14,000 WW 1 Liberty Loan Patches


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It appears there are now two ebay sellers of the Liberty horde: cnauctionhouse and histroicalauctions both are located is Massachusetts oddly enough.

Maybe it's the same seller with two different accounts. It wouldn't be the first time.

LOOKING FOR ANY AND ALL ITEMS RELATED TO
THE 305TH BOMB GROUP FROM WWII.

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If a seller hits $20,000 in yearly sales, EBAY sends a 1099 tax form to the IRS. Now if you have two Ebay accounts, you could effectively be making that limit $40,000. That might be the plan for someone looking to sell 14,000 patches on EBAY.

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If a seller hits $20,000 in yearly sales, EBAY sends a 1099 tax form to the IRS. Now if you have two Ebay accounts, you could effectively be making that limit $40,000. That might be the plan for someone looking to sell 14,000 patches on EBAY.

Very clever! I never knew that.

LOOKING FOR ANY AND ALL ITEMS RELATED TO
THE 305TH BOMB GROUP FROM WWII.

donation2008.gifdonation2009.gifdonation2010.gifdonation2011.gifdonation2012.gif

donation2013.gifdonation2014.gifdonation2015.gifdonation2016.gif

donation2017.gifdonation2018.gifdonation2019.gifdonation2020.gif

 














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If a seller hits $20,000 in yearly sales, EBAY sends a 1099 tax form to the IRS. Now if you have two Ebay accounts, you could effectively be making that limit $40,000. That might be the plan for someone looking to sell 14,000 patches on EBAY.

Ebay does not report sale to the IRS, Paypal does. Ebay is only a paid service and does not actually touch your money, so there is nothing to report. It is 200 transactions AND over $20,000. You can make $100,000 in 199 transaction and they will not report it. But really, get a good accountant and pay the taxes because legally you have to claim the income whether it gets reported by them or not. I know a couple IRS special agents and they are one government agency I do not want to short change.

Looking for items from the 38th Infantry Regiment

Feel free to read/leave For Sale section feedback: CLICK HERE

ASMIC: 5218

"Live for something rather than die for nothing."

-General George S. Patton Jr.

 

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Ebay does not report sale to the IRS, Paypal does. Ebay is only a paid service and does not actually touch your money, so there is nothing to report. It is 200 transactions AND over $20,000. You can make $100,000 in 199 transaction and they will not report it. But really, get a good accountant and pay the taxes because legally you have to claim the income whether it gets reported by them or not. I know a couple IRS special agents and they are one government agency I do not want to short change.

 

For sure. Don't mess with the IRS.

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I'm generally a uniform collector and know very little about WW I patches. Can someone please explain what a "liberty Loan" style patch is? Were they post war? Were they worn on the uniform right after the war? Any info would be appreciated.

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I'm generally a uniform collector and know very little about WW I patches. Can someone please explain what a "liberty Loan" style patch is? Were they post war? Were they worn on the uniform right after the war? Any info would be appreciated.

 

 

This is a liberty loan patch. It was worn immediately after the war on the uniform by returning soldiers. Apparently a great number of them were made. They are made in a thin "bevo" style weave.

 

Garth

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The three best things in life are a good landing, a good orgasm, and a good bowel movement.

A night carrier landing is one of the few opportunities to experience all three at the same time.

 

You can not pronounce as knowledge anything you can not demonstrate.

 

 

 

 

ASMIC Secretary

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Hello to everyone , lets set this this record all straight. I am the person who has been listing and selling these liberty loan patches. I find Worldwarpatches dragging my name and patches through the mud here because he couldnt buy the collection for the cheap price he wanted to buy them for. This small time dealer calls me from Arizona and ask me about the patches and if they are for sale , which he offered 100k for the lot and he asked if I could wait a little while if I accepted because he had to get other dealers involved to come up with the funds. He was of course turned down because the patches at the current market value of what they have been selling for is over a million. Would anyone take 100k (if they didnt need the money) for over a million in product? I think not. Not only has he been running his mouth here on this forum but he has created fake ebay listings also trash talking my patches and myself. In all the dealers i have ever met or spoken to , I have never had one act so childish, be so jealous of someones items he has to defame my product and myself.

 

 

I have met many great collectors and dealers during the sale of this estate, some who have defended me on this forum (thanks Mort), and any people who I have spoken with knows I am not here to kill the market as I would never release large quantities to bring the price down heavily, however I cannot control those who want to jump on the band wagon and sell them at the same time as me

The patches for those of you who are history buffs came in their own little boxes packed to 100 a box from the company, so when we talk of 14000 patches we know its true and not true. From my research from speaking with dealers and collectors they agree to about 120 different patches some common, some rare. So I see it as having 100 or so of each , and the rare ones I had less.

As a antique collectibles dealer and auctioneer , my personal thought about the patches going down. Really hasnt happend to much . And unless someone releases huge quantites they are not going to go down alot, as I will not release large amounts and let this happen. I would never want to hurt another dealers sales. I have many dealers buying them for their shops and they return to buy more all the time. The first batch listed went for hundreds (which were not mine) and after this prices stablized. One person writes about Japanese helmets went down and prices took 10 years to climb, well these are not helmets and there is more collectors of patches than Japanese helmets Im sure. Its like comparing an American silver coin to a British one place both on the table of equal value the american coin will outsell the latter.

 

These patches for any of you collectors or dealers is a once in lifetime hoard, as they are in pristine condition. As I stated I have but 50-150 of each , and the rarer ones are just about gone unless we find a few more. So anyone thinking of buying a few I would urge you to do so, I havent had any complaints from dealers or collectors other than Worldwarpatches, and alot of the dealers keep coming back so I am sure they are selling them in their shops or shows for a profit. I was never into patches but after doing this estate I found myself making a set or two of these loans to frame for myself . I thought it would make a great gift to one of my military friends.

 

The bottom line I hope I have set the record straight , I hope those of you thinking of buying from me do so. The patches are very reasonable priced and as i said they will run out at some point. I could say alot worse about Worldwarpatches but have decided to take a higher road

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Thanks for the info.I think the idea of framed sets is great!

High Flight

Oh, I have slipped the surly bonds of earth

And danced the skies on laughter-silver wings;

Sunward I've climbed and joined the tumbling mirth

Of sun-split clouds - and done a hundred things

You have not dreamed of - wheeled and soared and swung

High in the sunlit silence. Hovering there

I've chased the shouting wind along and flung

My eager craft through footless halls of air.

Up, up the long delirious, burning blue

I've topped the wind-swept heights with easy grace,

where never lark, or even eagle flew;

and while, with silent, lifting mind I've trod

The high untrespassed sanctity of space,

Put out my hand, and touched the face of God.

 

John Gillespie Magee, Jr.

June 9, 1922 – December 11, 1941

 

 

 

" And each man stands with his face in the light of his own drawn sword. Ready to do what a hero can." - Elizabeth Barrett Browning

 

 

Don't let the B@stards wear you down -"Vinegar" Joe Stillwell

 

 

Reasonable people adapt themselves to the world.Unreasonable

people attempt to adapt the world to themselves.All progress,

therefore, depends on unreasonable people.

George Bernard Shaw

 

 

" Don't piss down my back and tell me it's raining" , Fletcher,from the movie "The outlaw Josey Wales"

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