Goldin Vault vs. PWCC Vault

[blametony]

Originally Posted by Johnny630

My View is these as my cards I don’t want them in someone else’s hands, especially someone (PWCC, not talking GOLDIN)who got kicked off eBay, maybe under federal investigation for various reasoned mentioned at nauseam on this board and other platforms.

The Avoiding Sales Tax thing is not worth it to me because I rarely if ever buy online or from auction houses so it would be a nominal save for me.

Number 1 reason my cards I want access and security.

Gotcha. I do buy a good amount from eBay and other online auctions so the ability to avoid sales tax in a nice perk. Additionally the $500 per year savings off my insurance is a big factor.

Do you insure your collection?

[swarmee]

Originally Posted by blametony

Gotcha. I do buy a good amount from eBay and other online auctions so the ability to avoid sales tax in a nice perk.

Get a resale certificate then.

[Foo3112]

There is no way I am going to spend money on a high dollar card just to cheap out in the end and send to somewhere else to avoid the sales tax. If I purchase something, I want to at least hold it and have it in my possession for a certain amount of time. After that, it goes into my safe deposit box. I have two. I have had them for years and I have never had an issue. I do not insure them because it's pretty safe. It takes two different keys to open it. The bank has one and you have the other. It's pretty safe and I love that I have access to my cards whenever I want (within banking hours) and I have never had an issue accessing my boxes.

As far as PWCC, yes - they get a lot of hate and for the obvious reason (as they should) but those who do have cards with them in their vault have only good things to say about the process. Still, I wouldn't store with them, Goldin (who are also scum) and bid up prices or report fake sales *86 Jordans* in order to pump up the market. I want my cards close to me for the all the reasons above.

Some banks may not have safe deposit boxes available so you may have to call different branches or just call every day until they have one available but thats the route I took and I am very happy.

[swarmee]

Originally Posted by Foo3112

After that, it goes into my safe deposit box. I have two. I have had them for years and I have never had an issue. I do not insure them because it's pretty safe.

There are some real horror stories of people who had the same idea you did. Acts of God (tornados, floods, hurricanes, fire, etc) hit banks and safe deposit boxes. Collectibles insurance is still worthwhile even if you have them stored.

[isiahfan]

What about fireproof/waterproof safes as an option? Insurance for what I have is more than car and house insurance combined.....and it is a one-time cost.

[blametony]

Originally Posted by isiahfan

What about fireproof/waterproof safes as an option? Insurance for what I have is more than car and house insurance combined.....and it is a one-time cost.

I do have my cards in a fireproof safe. It helps with the insurance rates, but I would still keep insurance, even with a safe.

[MattyC]

I go safety deposit box and insured (Collect Insure). I sleep real well with both.

[rjackson44]

Horrible idea