The Lord of the Rings character illustration, Frodo Baggins The Lord of the Rings: The Fellowship of the Ring Gandalf, Frodo s, image File Formats, top, film png 645x879px 747.47KB.The Lord of the Rings Bilbo Baggins Frodo Baggins One Ring, ring, love, ring, gold png 804圆85px 417.43KB.Gandalf Thorin Oakenshield Bilbo Baggins The Hobbit Frodo Baggins, the hobbit, chibi, fictional Character, art png 730x1095px 196.59KB.Coat, Frodo Baggins, Lord Of The Rings, Fellowship Of The Ring, Annotated Hobbit, Meriadoc Brandybuck, Bilbo Baggins, Samwise Gamgee, Frodo Baggins, Lord Of The Rings, Fellowship Of The Ring png 1091x1920px 1.55MB.LEGO construction worker mini figure, Emmet Wyldstyle The Lego Movie Lego minifigure, the lego movie, toy Block, film, lego Minifigures png 1639x1333px 732.66KB.Gimli The Lord of the Rings Gandalf Legolas The Hobbit, the hobbit, rings, dwarf, legolas png 794x1005px 575.73KB.Samwise Gamgee, Samwise Gamgee Frodo Baggins Peregrin Took Galadriel Meriadoc Brandybuck, lord of the rings, bilbo Baggins, movies, lord Of The Rings The Fellowship Of The Ring png 540x730px 229.28KB.Lego The Lord of the Rings Gandalf Lego The Hobbit Lego Dimensions Frodo Baggins, others, ring, bilbo Baggins, lord Of The Rings The Fellowship Of The Ring png 898x1198px 687.6KB.Samwise Gamgee Lego The Lord of the Rings Frodo Baggins Gollum Lego The Hobbit, toy, attack, shelob, samwise Gamgee png 1065x1198px 1.32MB.Samwise Gamgee Lego The Lord of the Rings Frodo Baggins Gollum Lego The Hobbit, the lego movie, lego Minifigures, figurine, lord Of The Rings The Fellowship Of The Ring png 1327x1451px 1.96MB.Lord of Rings Gollum, The Lord of the Rings: The Fellowship of the Ring Gollum Frodo Baggins The Hobbit, lord of the rings, human, fictional Character, snout png 524x718px 460.32KB. And keep it around for a few generations if you want to avoid paying taxes on it in Canada. So, I guess the old adage really does prove out: Keep it secret. A sale at $2 million, in this scenario, would net the Canadian government $980,000.īut what if the bearer was given The Ring by a family member - say, a distant uncle on the eve of his one-hundred-eleventh birthday celebration? In that case, one tax professional said, the sale could be transacted entirely tax free. So what if the bearer of The One Ring simply found the card - say, at the bottom of a stream, or on a shallow lake bed while fishing with a family member? Well, then the full amount of the transaction would be taxable. If our lucky ring bearer cashes out for $2 million - currently the highest bid, coming from Spain - they will owe roughly $490,000, according to the tax professionals we spoke with. Once sold, Canada’s progressive rate then goes into effect, making 50% of the sale taxable at 49%. The same Canadian tax laws apply regardless of whether or not the card came from the purchase of a single pack (roughly $12.99) or a box of packs (which crested $518 at launch on June 23). If the card was purchased at a store as part of a blind pack of cards, which in all likelihood it was, then the sale of that card will likely be considered a capital gain. And that’s a great first step, representatives from Ontario Tax Services and Argyle Tax Service told Polygon by telephone, because they now need to establish the provenance of the card. And that, my friends, can mean only one thing: The tax man cometh.Įarly reporting seems to show that the owner of The One Ring card, who wishes to remain anonymous, is currently in Ontario Canada and has secured the services of an attorney. The only thing that is certain about the card is that someone, somewhere wants to buy it. The One Ring, a singular, serialized card for Magic: The Gathering’s The Lord of the Rings-themed set has been found, but little is known about the circumstances of its discovery.
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