My exceptional PWCC pickup.

[Goudey77]

Originally Posted by bobbyw8469

I'd bet dollar to donuts that "fellow Net54 members" will consign some of those cards. So your idea that we can't offer any "superior examples" seems quite ludicrous.

From my understanding the vault marketplace will be for cards that are stored in the PWCC vault. It is also my understanding that Net54 members don't use use their services
If i'm wrong i'd welcome those who do use PWCC services reach out so we can privately discuss our experiences, ideas and strategies moving forward. It really is an exciting time to be back in the hobby.

[Republicaninmass]

Hi Martin, I remember you posting about the cracket Jack price increases a month ago.


"I am shocked at the vcp data for how much prices have jumped in 2017, 2018. I cannot make sense of the erratic price on a card that has been around for over a hundred years. Price trends for 100 years do not support the new going rate."


I guess the answer is eye appeal. Also, I happened to notice you are in the Pacific NW, curious how far are you from Oswego Lake? A lot of strategies being discussed up there.

[Goudey77]

Originally Posted by Republicaninmass

Hi Martin, I remember you posting about the cracket Jack price increases a month ago.


"I am shocked at the vcp data for how much prices have jumped in 2017, 2018. I cannot make sense of the erratic price on a card that has been around for over a hundred years. Price trends for 100 years do not support the new going rate."


I guess the answer is eye appeal. Also, I happened to notice you are in the Pacific NW, curious how far are you from Oswego Lake? A lot of strategies being discussed up there.

I’m an Oregon resident. Nothing but a coincidence. It’s a hot market for the west coast.

[Peter_Spaeth]

And it gets even better, PWCC promised today to stop dealing with card doctors!! Of course, I guess that's sort of an admission that they have been, but whatever. The glass is half full, or at least a quarter.

[calvindog]

Originally Posted by Goudey77

From my understanding the vault marketplace will be for cards that are stored in the PWCC vault. It is also my understanding that Net54 members don't use use their services
If i'm wrong i'd welcome those who do use PWCC services reach out so we can privately discuss our experiences, ideas and strategies moving forward. It really is an exciting time to be back in the hobby.

I spoke to a former IRS agent from the Criminal Investigation Unit today and I explained to him what Brent is doing with his vault. He told me I must have rocks in my head to think that is legal. Notice I am not inserting a winkie emoji, Martin.

[Peter_Spaeth]

Originally Posted by calvindog

I spoke to a former IRS agent from the Criminal Investigation Unit today and I explained to him what Brent is doing with his vault. He told me I must have rocks in my head to think that is legal. Notice I am not inserting a winkie emoji, Martin.

To paraphrase Mark Antony.

But Brady says it's not about sales tax, and Brady is an honorable man.

[calvindog]

Originally Posted by Peter_Spaeth

To paraphrase Mark Antony.

But Brady says it's not about sales tax, and Brady is an honorable man.

Sales tax? What sales tax? You mean the vault allows people to evade tax? Oh my god what an awesome unintended benefit!

[Republicaninmass]

If you keep profits in your all new PWCC money market account, you dont have to pay tax on those either. He's moving to the Caymans

[Peter_Spaeth]

Originally Posted by Republicaninmass

If you keep profits in your all new PWCC money market account, you dont have to pay tax on those either. He's moving to the Caymans

And next will be the PWCC IRA, you can hold baseball cards -- I mean assets --- just like a gold IRA.

[Goudey77]

Originally Posted by calvindog

I spoke to a former IRS agent from the Criminal Investigation Unit today and I explained to him what Brent is doing with his vault. He told me I must have rocks in my head to think that is legal. Notice I am not inserting a winkie emoji, Martin.

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

[Peter_Spaeth]

Originally Posted by Goudey77

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

It's unfortunate a similar level of due diligence was not done with all the consignors PWCC now has to sever ties with (or claim to) to try to save its battered reputation.

[calvindog]

Originally Posted by Goudey77

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

Would it be better if I spoke to a top NY criminal defense attorney?

[Peter_Spaeth]

Here is the basic contour of the issue from an online source.

Just remember, avoiding the tax at checkout doesn’t mean you’ve avoided it forever. You are liable for use tax if you bring the goods into your state or have them shipped to you. States historically didn’t enforce use tax except against businesses, but that’s changing. Many state income tax forms now collect use tax, and remember, you sign tax returns under penalty of perjury.

I would be surprised if all the cards being shipped to the vault are going to be resold through the marketplace particularly those purchased at record prices. I suspect a high percentage will be shipped from PWCC to their owners.

[Peter_Spaeth]

Originally Posted by calvindog

Would it be better if I spoke to a top NY criminal defense attorney?

Meh, random professional.

[Aquarian Sports Cards]

Originally Posted by Goudey77

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

You now have crossed the line, for me, to sounding like a company shill. I had given you the benefit of the doubt.

[pokerplyr80]

Originally Posted by Aquarian Sports Cards

You now have crossed the line, for me, to sounding like a company shill. I had given you the benefit of the doubt.

The posts from the guy criticizing the OP for how much he spent on a card crossed the line of what should be acceptable on this forum, in my opinion. The comment you quoted actually sounds accurate. I don't believe they would build the vault without looking into the legality and tax implications.

[Aquarian Sports Cards]

There's a difference between "I don't believe" and "Because the due diligence has absolutely been done"

[calvindog]

Originally Posted by pokerplyr80

The posts from the guy criticizing the OP for how much he spent on a card crossed the line of what should be acceptable on this forum, in my opinion. The comment you quoted actually sounds accurate. I don't believe they would build the vault without looking into the legality and tax implications.

What about building a business without looking into the legality of conspiring to defraud people by knowingly selling altered cards?

[pokerplyr80]

Originally Posted by calvindog

What about building a business without looking into the legality of conspiring to defraud people by knowingly selling altered cards?

Those are strong allegations that I haven't seen proof of. If you know something I'm unaware of I'd be interested to hear or see what it is.

And to Scott I don't think it's a stretch to assume due diligence was done.

[Goudey77]

Originally Posted by calvindog

He told me I must have rocks in my head. Notice I am not inserting a winkie emoji, Martin.

Fixed it for you.
Having a little fun. Let’s loosen up this joint.

[Goudey77]

Originally Posted by calvindog

I spoke to a former IRS agent from the Criminal Investigation Unit today and I explained to him what Brent is doing with his vault. He told me I must have rocks in my head to think that is legal. Notice I am not inserting a winkie emoji, Martin.

Oh the irony. What do you think of the vault now Mr. Lichtman?
Why don't snakes bite attorneys? Professional courtesy.

[calvindog]

Originally Posted by Goudey77

Oh the irony. What do you think of the vault now Mr. Lichtman?
Why don't snakes bite attorneys? Professional courtesy.

I think the vault is a joke. Just like you.

[CobbSpikedMe]

What of anything that Jeff has posted makes you think his opinion of the Vault has changed (of all things)?

[RedsFan1941]

rearranging deck chairs on the titanic.

[Goudey77]

Originally Posted by CobbSpikedMe

What of anything that Jeff has posted makes you think his opinion of the Vault has changed (of all things)?

Oh nothing at all...why would I?

[Goudey77]

Originally Posted by calvindog

I think the vault is a joke. Just like you.

Sorry if I hurt your feelings

Good on you for fighting the fight.