Nomads/One Way Street band/mystery acetate (BOSSHOSS)

Perkeo

Perkeo

Ikon Class
Joined
Apr 24, 2011
So Bosshoss recently acquired an acetate that has a different version of the tune "Point Five" by a Nomads from Pennsylvania taken from another acetate (hear it on Crude PA)...well I just remembered that the other side of the Nomads acetate "I need your energy" is also done with the same singer under the name of the One Way Street band, which shows up on an old Gyro66 comp...if anyone can connect these dots, please, it's sorta driving me buggy...
 
I just received it today, after it was impounded by customs and mauled over for about a week. Ended up costing a fortune, I may have to rent it out by the hour to recoup the losses.

I can't help with identification of the artists involved. It is my guess that the vocalist is the same as the one on the Crude PA version. It's not reasonable to make any further assumptions with no evidence.

I can report however, that the sound of the acetate is excellent, clear and punchy unlike the sound heard on the auction mp3, and it has a professional sounding mix. Also, the "Point Blank" side has an extra verse which was not heard on the auction mp3 (it stops and then starts again at the end for a final verse).
 
I'm very surprised that US customs hasn't started tapping into this "revenue stream"... I really hate hearing these stories because it does seem so unfair to tax used collectable items. Seems to be happening more and more as of recently.
 
In Australia, anything under declared value $1000 comes through without a hitch.

Over $1000 is an incredible hassle, with forms to fill in requiring an expert degree of knowledge about importation procedures. Then you have to wait, and pay 15 percent tax. Then you have to hope no thieves notice the high value of the package.

It's a nightmare!
 
If the seller is declaring the value at over $1k you could try to get them to send it by a courier service like FedEx or UPS, who will do the Australian Customs clearing as part of the service. You still have to pay GST and the clearing fee but it will save you the bother of doing it yourself.
 
If the item gets lost in transit, you will NEVER be able to recoup full value of the item anyway. So, it is best to send the record by express methods with a low declaration of, say $25.

As for taxes, hate to sound all republican, but anytime you sell anything for a profit, not a loss, it is fully taxable - collectibles included. I am half dumbfounded and half laughing at the folks out there who think selling old records is not taxable, or if they only made $1000 selling 45s on ebay that past year, that they don't have to report it or pay taxes on the amount :lol: Here is the USA, any income over $400 has to be reported (by law).
 
MopTopMike said:
If the item gets lost in transit, you will NEVER be able to recoup full value of the item anyway. So, it is best to send the record by express methods with a low declaration of, say $25.

As for taxes, hate to sound all republican, but anytime you sell anything for a profit, not a loss, it is fully taxable - collectibles included. I am half dumbfounded and half laughing at the folks out there who think selling old records is not taxable, or if they only made $1000 selling 45s on ebay that past year, that they don't have to report it or pay taxes on the amount :lol: Here is the USA, any income over $400 has to be reported (by law).
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I heard something on NPR recently about attempts being made to add a royalty percentage for the artist being added to auction sales of fine art items...perhaps something similar could be done to rare record auction sales. Wonder how the republican side of the record collecting world would feel about that!
 
I think the acetate bosshoss bought was originally found by Rick N. of Bonafide Records (who put out the Jersey Teens & Young Pennylvanians LPs) He sold it to another local dealer. He was telling me about it at a record show about 1 1/2 years but I can't remember all the details. I'm pretty sure he said he sourced it from the band so he probably has more information.
I found the Nomads acetate & One Way Street Band 45 at a local Salvation Army Thrift Store in my hometown (the only decent garage records I've ever found there in 25 years of looking.)
 
Perkeo said:
I heard something on NPR recently about attempts being made to add a royalty percentage for the artist being added to auction sales of fine art items...perhaps something similar could be done to rare record auction sales. Wonder how the republican side of the record collecting world would feel about that!
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WTF?! So if the same record sells 5 times in 5 years the artists gets paid royalties 5 times? Don't know how the Republican side would feel but this Libertarian would go back to flipping flapjacks at IHOP before I ever sold another record on Ebay. Just another reason to hate the evil NPR. :twistedevil:
 
MopTopMike said:
As for taxes, hate to sound all republican, but anytime you sell anything for a profit, not a loss, it is fully taxable - collectibles included. I am half dumbfounded and half laughing at the folks out there who think selling old records is not taxable, or if they only made $1000 selling 45s on ebay that past year, that they don't have to report it or pay taxes on the amount :lol: Here is the USA, any income over $400 has to be reported (by law).
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I don't know if anybody actually cares, but I feel the need to clarify. As Mike correctly states, ALL income is taxable (unless specifically exempted in the IRS regulations). This does include income from the sale of records. However, I'm confused by your final statement. Are you referring to the requirement to file Form 1099-MISC for sales in excess of $400? If so, that statement is incorrect. Payments for merchandise are exempted from reporting on Form 1099-MISC. Payments for services must be reported (although the threshold is actually $600).

Sorry if I misinterpreted your statement. I'm just trying to clarify for all our members who are currently working on preparing their tax returns. :)
 
Frantic said:
WTF?! So if the same record sells 5 times in 5 years the artists gets paid royalties 5 times? Don't know how the Republican side would feel but this Libertarian would go back to flipping flapjacks at IHOP before I ever sold another record on Ebay. Just another reason to hate the evil NPR. :twistedevil:
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The royalty fee would be a percentage added on to the auction price, paid by the buyer not the seller. WTF does it matter if NPR or the conservative gazzette reported it? Shoot the messenger much?
 
Perkeo said:
The royalty fee would be a percentage added on to the auction price, paid by the buyer not the seller. WTF does it matter if NPR or the conservative gazzette reported it? Shoot the messenger much?
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I don't care if it's paid to your mama, royalties should be paid once on each item sold when new!
 
tymespan said:
I think the acetate bosshoss bought was originally found by Rick N. of Bonafide Records (who put out the Jersey Teens & Young Pennylvanians LPs) He sold it to another local dealer. He was telling me about it at a record show about 1 1/2 years but I can't remember all the details. I'm pretty sure he said he sourced it from the band so he probably has more information.
I found the Nomads acetate & One Way Street Band 45 at a local Salvation Army Thrift Store in my hometown (the only decent garage records I've ever found there in 25 years of looking.)
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Thanks, that's at least something. Was it your copy that was used on Crude PA? Are there any other known copies of the Nomads acetate or the One Way Street band 45?
 
That's my copy on Crude PA.
I missed the Lancaster, PA record show this month, Rick usually sets up there & I was going to ask him about it. He has a blog for Bonafide Records but I don't see any contact info.
 
Just found out a little more about this acetate from Rick. The band's name is Adam & the Evils (great name!) which they later changed to The Group.
This is a cover of the Nomads song & is not the same band. He thinks they were from the Chester, PA area .
 
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