February 17, 2010
I have been approached to sell my block of UPC numbers. Has anyone here had any similar experiences?
Thanks
August 9, 2011
Hey Terry,
Do you mean Universal Product Codes?
February 17, 2010
yup....I purchased mine 20-25 years ago and received 100,000 numbers with no further fees. That's not the way it is now...essentially you rent the numbers with annual fees with nowhere near 100,000.
I will sell my rights and keep a small block of numbers for my use.
August 7, 2011
Interesting! So what does a block of 100,000 UPC number bring in the open market (out of curiosity)?
February 17, 2010
apprx $1500....cost me abt $650 and I get to keep a small block of numbers for myself.
August 7, 2011
Wow, nice little investment! 🙂
So, I was under the impression a UPC code was just a digital representation of a text value (i.e., store/price/etc). Is that not the case? Is the UPC code tied to a specific entity? Interesting stuff.
February 17, 2010
UPC is tied to a specific entity. Nowadays the first 6 digits. Mine is 690164. The next 5 digits are for the entity's part number or code. The last number is a "check code" which too complicated to explain here.
You can buy small groups of UPC through brokers. I dont know how they work out everything with that arrangement.
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