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Donate Baseball Cards Goodwill

July 20th, 2008

If I donate baseball cards to Goodwill, how will the value be calculated?

I have about 1,500 baseball cards from the 80s and 90s. They’re not very valuable, but there’s still a lot of them. :) I want to donate them to Goodwill for a tax deduction. How will Goodwill value them? Is there a specific price, for example 25 cents per card? Or would it be entirely up to them? Thanks!

Goodwill does not set the value; you do. On the other hand, Goodwill decides what they will accept and what they will not accept, and they usually base that decision on whether or not they can resell what you want to donate. You might try the Salvation Army Thrift Shop or another thrift store if they turn you down.

If you are doing this for tax purposes in the U.S., you will need to make a list of the cards in some logical way (by teams or by years or whatever), together with a statement of their condition and your evaluation of them, and you will need to keep the list with your copy of your tax forms. If you are not audited, after 3 years (or 7 years if you want to be conservative), you no longer have to keep documentation. If you are audited, you will need to explain how you evaluated the cards, and the method that is approved by the IRS is “fair market value.” “Fair market value” is the value in a sale between a willing seller and a willing buyer. You’d need to determine what the same cards sell for in a store or on eBay or in some other sales/trade/auction venue.

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