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February 17, 2010
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I have been approached to sell my block of UPC numbers. Has anyone here had any similar experiences?
Thanks
August 9, 2011
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Hey Terry,
Do you mean Universal Product Codes?
February 17, 2010
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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
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Interesting! So what does a block of 100,000 UPC number bring in the open market (out of curiosity)?
February 17, 2010
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apprx $1500....cost me abt $650 and I get to keep a small block of numbers for myself.
August 7, 2011
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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
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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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