Goldin Vault vs. PWCC Vault

[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

[Rhotchkiss]

I have never used a vault service. But that’s just bc I want my cards with me. If you don’t mind not physically possessing your cards, I see no problem with using a vault, either PWCC, Goldin or anyone else (I think REA may have one too). Especially for the reasons you state- no sales tax (assuming it’s in a no tax state), no need to insure, ease of resale (if you like the AH/Vault) and you probably get a break on fees. I think the vault is a great idea for investors or collectors who don’t need the physical card - I bet in the old days people would have loved to pay some secure 3rd party to hold their paper stock certificates.