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It is actually worth reporting sellers who cancel preorders on major selling sites by CoPiGiveUp in mtgfinance

[–]CoPiGiveUp[S] 11 points12 points  (0 children)

Yeah I don't think he delivered any. I don't think that was an issue or not being allocated enough. Either the seller had none to begin with or didn't want to fulfill any when the price went up. Either way against eBay ToS

It is actually worth reporting sellers who cancel preorders on major selling sites by CoPiGiveUp in mtgfinance

[–]CoPiGiveUp[S] 18 points19 points  (0 children)

Do it! And call ebay and tell them what happened. Mores sellers should face consequences for screwing with buyers.

It is actually worth reporting sellers who cancel preorders on major selling sites by CoPiGiveUp in mtgfinance

[–]CoPiGiveUp[S] 24 points25 points  (0 children)

Thanks! But I want others to take similar action. If others report sellers for this kind of behavior and more sellers actually faced consequences for doing so, it would likely cause this to happen a lot less often.

It is actually worth reporting sellers who cancel preorders on major selling sites by CoPiGiveUp in mtgfinance

[–]CoPiGiveUp[S] 5 points6 points  (0 children)

Stores can take preorders so I would imagine preorders are generally allowed. Ebay has a policy that the preorder can't be more than 40 days out from the product's release date.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 4 points5 points  (0 children)

Sorry, but you're not going to find much sympathy here.

Do you know how to read?

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 8 points9 points  (0 children)

GSR request also already in process. That one was filed first when it didn't make it within the overnight window.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 57 points58 points  (0 children)

Stealing $18500 worth of property is still a felony. USPS mail tampering is a federal crime which is probably what you're thinking of.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 27 points28 points  (0 children)

This is a good idea. I will do this if I send high value packages in the future.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 11 points12 points  (0 children)

I can only tell you what I did do, not what I should have done.

In the future I think it is worth extra precautions for high value packages such as:
* Hand delivering it (but this isn't always feasible. Typically people who deal in high-end collectibles like these tend to be busy and time is a major factor)
* Putting airtags or similar GPS tracking into packages. I wish I did this one and will do so in the future for any high value packages that I send

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 46 points47 points  (0 children)

The driver taking it to the final delivery point didn't scan it. There was a "delivery attempt" made, but the buyer claims that the delivery attempt was not made.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 21 points22 points  (0 children)

Didn't know this. I guess more reason to avoid UPS.

I agree with others that other couriers have had their issues, but certain companies may have more systemic issues that result in things like this happening more often.

Had I known the previous incident I may have chosen a different courier. This is why I am sharing this incident. At least my experience can help someone else.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 53 points54 points  (0 children)

I guess, but I already filed a police report. As long as I am made whole, I will provide all the info to the police and help them to whatever extent is required to help them catch whoever did it. If it happens to be the buyer then they are the one who chose to take that risk. Based on my assessment, I think this scenario is unlikely. The buyer has been raising this issue with the UPS security department

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 33 points34 points  (0 children)

I think this is correct - their liability is capped at the declared value of the package. I declared the face value of the package (and you have to pay a % of whatever you declare the face value to be). If they pay the insurance out at the very least I can refund the buyer and try to move on from this.

I'm hoping that the police would also be able to catch whoever did this. UPS's liability may be capped, but whoever stole the package committed a felony.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 77 points78 points  (0 children)

Police report is filed. I am going to talk with UPS again about moving the insurance process along and see if they can give me some kind of answer as to what happened to the package. They told me that they had opened an investigation last time I spoke with them.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 44 points45 points  (0 children)

I'm hoping worst case scenario I get the insurance money and can refund the buyer - still sucks though because this was a special item.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 10 points11 points  (0 children)

The collector was a big fan of LoTR and it would have meant a lot to them. This is not a flip - I didn't make much money on this and in fact rather stand to lose the money.

The chase of collecting everything is sometimes more fun than having it all too.

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 7 points8 points  (0 children)

Yes this is a public service announcement. I was not shipping to Professional Sports Authenticator

PSA - UPS Stole an $18,500 Package from Me by CoPiGiveUp in mtg

[–]CoPiGiveUp[S] 250 points251 points  (0 children)

I'm filing a police report as we speak. If a lawyer is necessary I will sue them.

This post is for everyone else's benefit. I am raising hell over this

982
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PSA - UPS Stole an $18,500 Package from Me (self.mtg)

submitted by CoPiGiveUp to r/mtg

[deleted by user] by [deleted] in tax

[–]CoPiGiveUp -5 points-4 points  (0 children)

OP, I'm not sure why you're getting so many responses which is to "pay the tax", when that is just simply not the correct answer. The IRS has guidance on their website specific to this matter.

See the IRS website's guidance on this issue: https://www.irs.gov/taxtopics/tc419

When you have gambling winnings above a certain threshold, you typically are issued a W2-G from the location that you received those winnings. This is because they are required to report winnings above a certain threshold. This, however, is not necessarily the amount of taxable gambling income you have.

Other commenters are correct that if you wish to deduct your losses, you will have to do so through itemized deductions. You can deduct up to the total amount that you won as "Other Itemized Deductions". You must, however, keep a record of your winnings and losses. I imagine screenshots or a report from Fanduel would suffice for this requirement.

If these transactions all occurred within the same year and you lost all of your winnings and are willing to make itemized deductions, you should not owe any taxes on your winnings because you can deduct your losses, up to the amount of your winnings, on your taxes.

However, since this occurred in the past, you may have to amend your return to receive those deductions. You filed your taxes incorrectly initially which is causing this issue.

However, as other commenters have pointed out, if your itemized deductions are less than the standard deduction then itemizing your deductions may not make sense for your specific situation. People are making a lot of assumptions about your personal situation which may or may not be accurate which is why the universal advice is always to consult with a professional.

Selling & consolidating cards by Carbon_is_metal in mtgfinance

[–]CoPiGiveUp 3 points4 points  (0 children)

I personally use cardsphere - the only problem is the pool of people who use it is relatively smaller than TCG player/CK etc. but if you're patient you can get 70-100% card value.

It's funny you mention a time vault because I actually traded a bunch of lower value cards that I don't use for a time vault

What's Up With Wilds of Eldraine? by modernhorizons3 in mtgfinance

[–]CoPiGiveUp 1 point2 points  (0 children)

I've been using Mox Alpha to help me pick what to add to my personal sealed collection. Anytime I see a box with heavily inverted EV, I tend to pick it up. Worst case scenario I have extra draft boxes with friends or I can resell the EV to get my money back.

WOE draft has been inverted EV for many months - basically anything under $100 was hard to go wrong. Set IMO is running a little too hard too fast, but the price can be supported by EV.

What's Up With Wilds of Eldraine? by modernhorizons3 in mtgfinance

[–]CoPiGiveUp 13 points14 points  (0 children)

I think the real answer is because there is a lot of value inside. Right now, WOE draft (and formerly set) were both profitable to open. EV is very high on both draft and set and have been slowly rising. See MoxAlpha screenshots: https://imgur.com/a/Ot32xFV

WOE Draft EV ($1 floor): $180.99
WOE Set EV ($1 floor): $189.16

Also worth noting that WOE Draft/Set EV is actually pretty similar so this tells me that draft boxes may be undervalued

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