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Post by stardiamond on Jan 25, 2024 1:17:38 GMT -5
I went to Paypal and checked for a 1099k. They didn't create one. I received around $2,000 in paypal payments for merchandise sold in 2023. As of now, Etsy hasn't created a 1099K for 2023. The documentation on both sites says $600 but that was suspended. $600 kicks in 2025 but it is anticipated that congress will fix the mess before then.
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Post by stardiamond on Jan 25, 2024 0:59:27 GMT -5
The thresh hold for generating 1099k for 2023 is $20,000. A company may send one for less. Getting a 1099k doesn't mean you had income that requires paying taxes just requires additional documentation when you file. If I loan you $25,000 through paypal and you repay the loan through paypal, we both get a 1099k for $25,000. Is it taxable income, no
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Post by stardiamond on Jan 21, 2024 18:40:42 GMT -5
I buy most of my material on FB. It's generally hobbyists selling to hobbyists. HP is in business to make money. There is an excess of hype regarding scarcity and value. Some of the pricing is capricious. There was a Guadalupe slab that I bid on that didn't make their minimum. It didn't sell. Next time it was offered, John was running the auction and he offered it for less than my previously rejected bid so I snagged it. Before bidding, know the material and what is a good price for it. I bought some pieces that were misidentified at a good price. My biggest mistake is misjudging the size of a small piece. If the auctions aren't blood in the water, ask for size before bidding. There is a lot of bidding before the item is shown. There was some Indonesian Blue plume that looked good. I had my finger on the trigger and was too late multiple times. It took me three days of auctions to have a winning bid. I didn't get a good look at it, but the size and seeing previous pieces made it worth a gamble. I know what I can sell a cab for and the cost of material is ideally 1/3. I don't buy collector slabs so when a large Blue Biggs slab is being offered at $1500, I don't see evenb getting my money back on cabs.
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Post by stardiamond on Jan 21, 2024 17:06:33 GMT -5
I am a repeat customer with Blairrock. I have been treated well and have a good relationship with them. They have sent me extra pieces and included cash refunds on shipping. I mentioned that I was disappointed with a piece and received a refund without asking. I haven't bought much lately. Not since July. I look regularly. What I liked was the ability to try new material at a low price. Some of the things I bought in the past are not available now or have become too expensive. Their identification can be off. I've ordered mainly small slabs.
I've had much worse experiences with other vendors. I guess things change.
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Post by stardiamond on Jan 21, 2024 12:19:49 GMT -5
Sometimes I consider the auctions infomercials. I was on for part of it last night. Saturday night is supposed to be slabs but a lot of the items were rough and the slab selection was uninspired. Some of the prices on what I was interested can be described as 'dream on'. They bought a lot of material from Indonesia so that is what they are pushing. They also buy collections and offer some tough to find material.
I usually play online poker when the auctions are on. One time, I didn't buy anything but won $100. I also question the buyers who bid on a lot of auctions including some very expensive ones. I have a buying formula based on what I know I can get for a cab. The math on the prices is way off.
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Post by stardiamond on Jan 15, 2024 15:21:41 GMT -5
High 50's and rain for the next week. Too cold to work outside. I've never ice fished but grinding is like ice fishing without gloves.
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Post by stardiamond on Jan 14, 2024 16:40:06 GMT -5
19oz Turkish stick agate.
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Post by stardiamond on Jan 11, 2024 22:58:09 GMT -5
ear wax is free.
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Post by stardiamond on Jan 11, 2024 16:49:07 GMT -5
I live in a relatively low humidity area. I keep my NM slabs inside. I had one small piece of rough that was outside and corroded. I've made dozens of cabs and they stay bright and shiny. The 100k paste leaves some coating even after being wiped off.
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Post by stardiamond on Jan 9, 2024 14:51:04 GMT -5
14 oz piece of Morrisonite rough. Something I chase but rarely catch. I can't sell cabs for enough to cover the cost of the material. No Matrix. I wish it would warm up enough to go outside and make some facing cuts.
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Post by stardiamond on Jan 7, 2024 17:50:13 GMT -5
The material is becoming more difficult to find and more expensive. I prefer it to the Indonesian. I look for distinct plumes in clear agate. You could sell that slab for more than $50 and some sellers would ask $100. I sold this cab for $65.
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Post by stardiamond on Jan 7, 2024 16:53:13 GMT -5
A favorite and messy to cab.
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Post by stardiamond on Jan 6, 2024 16:13:43 GMT -5
It's a hot cocoa, yodeling basalt.
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Post by stardiamond on Jan 6, 2024 15:45:01 GMT -5
Liquidation is something I need to discuss with my son. A collection can either be wholesaled or retailed. Wholesale requires a deep discount. The buyer is looking for the rare and expensive and the rest has little value to them. Retail requires work. He would need to decide if he wants to retail on the web.
If I listed all my saleable cabs it would be close to $50k and would take a decade for them to sell. I don't have an inventory for my lapidary and don't plan on creating one.
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Post by stardiamond on Jan 6, 2024 15:13:28 GMT -5
I'm about to turn 79 and have a significant amount of rough, slabs, cabs and equipment. I have a 40 year old son who lives with me that has physical issues that don't allow him to support himself. I am more concerned with his future financial stability than what happens to my lapidary collection.
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Post by stardiamond on Jan 5, 2024 15:23:55 GMT -5
Baltic Abrasives, HP Lapidary and Johnson Brothers are alternatives. I bought some recently from HP at their BF sale. I bought a 280 grit rez from BA and it has held up well. The last DP wheels I bought were odd ball stuff on ebay.
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Post by stardiamond on Jan 4, 2024 17:20:39 GMT -5
I take Etsy sale packages to USPS collection boxes. I ship in 9x7 padded envelopes with a padded 1.15 inch padded jewelry box inside. Unless the package gets stomped on, the contents are secure.
There were 25,000 thefts from the collection boxes in the first 6 months of the 2023 fiscal year. USPS has changed their collection boxes to be more secure. Electronic locks and a 1/2 inch opening. I found out about this yesterday when I tried to mail a package. A lot of people pay their bills by check and thieves bleach out the payee and cash the checks. I found out about this almost 15 years ago from a coworker who put outgoing mail in their mailbox with the flag up. The only thing I put in my mailbox to be picked up by the carrier is misdelivered mail. I have two alternatives now for mailing a package; going into the post office or scheduling a USPS pickup. The service is available at my address and is free when scheduled with mail delivery. My porch is very secure.
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Post by stardiamond on Jan 2, 2024 17:25:40 GMT -5
Guadalupe is 6x10cm and the Luna is 11x9cm at the widest.
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Post by stardiamond on Jan 2, 2024 15:53:27 GMT -5
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Post by stardiamond on Jan 1, 2024 15:20:02 GMT -5
I don't know the size of the piece, but it looks like the Cab king would handle it. Work the piece vertically instead of horizontally.
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