Heritage & PWCC and the PSA 9 Mays

[AustinMike]

Originally Posted by SAllen2556

What bothers me is this guy going to the Texas attorney general.

Originally Posted by Sean

This guys buys a high grade card and ships it to a vault in another state to avoid taxes.

I'd be curious what the Texas AG thinks about the avoidance of paying Texas state sales taxes.

If I were the Texas AG, I'd tell him to contact the Oregon AG, that's where the card was sent and resides.

[Exhibitman]

Originally Posted by AustinMike

I'd be curious what the Texas AG thinks about the avoidance of paying Texas state sales taxes.

If I were the Texas AG, I'd tell him to contact the Oregon AG, that's where the card was sent and resides.

That's a very good point.

As for the buyer's complaint

[Rich Klein]

Just a note -- he may not even know this but one of the high ranking people in the Texas Attorney General's office is a big-time collector which much knowledge of what goes in this hobby/business.

If he knew that great, if not, there are actually people in the AG office who understand cards

Rich

[jchcollins]

Seems difficult to me to support the buyer's case on either fraudulently selling (Heritage) or fraudulently grading (PSA) when he has never even held the card in question. Overgrading / misgrading as we know with PSA is incredibly common, yes - even with super expensive cards.

I would stand by Heritage in saying that they sold a PSA 9. Whether or not it's a properly graded 9 is not their problem. That guy saw it, saw it high res, and bought it anyway.

[irv]

Why would PWCC do this? Is this normal behavior/protocol before a card is placed in their vault?
Is this a slam against Heritage or PSA or both?
"PWCC took closeup photos of the card and sent them to Flatto. When he saw them, he was furious"

[Leon]

Originally Posted by irv

Why would PWCC do this? Is this normal behavior/protocol before a card is placed in their vault?
Is this a slam against Heritage or PSA or both?
"PWCC took closeup photos of the card and sent them to Flatto. When he saw them, he was furious"

I don't think either company is at fault. The blame lies on the investor.. Maybe he should invest in something else?

A question- Why on earth would a true collector send a card to a vault? Every collector I know wants their cards in hand. I wouldn't feel I was a collector if I didn't have my cards but that's just me.
.

[bnorth]

Originally Posted by Leon

I don't think either company is at fault. The blame lies on the investor.. Maybe he should invest in something else?

A question- Why on earth would a true collector send a card to a vault? Every collector I know wants their cards in hand. I wouldn't feel I was a collector if I didn't have my cards but that's just me.
.

To avoid paying taxes. If you make several purchases a year around that amount the savings can add up.

[BobC]

Originally Posted by AustinMike

I'd be curious what the Texas AG thinks about the avoidance of paying Texas state sales taxes.

If I were the Texas AG, I'd tell him to contact the Oregon AG, that's where the card was sent and resides.

This isn't necessarily a correct statement that Texas sales tax was avoided. The one article I read, out of the different links posted, never indicated what state the buyer, Flatow, lived in. His residence state, if it did have a sales tax, would be the state losing out on the sales tax by having the card sent directly to the PWCC vault in Oregon. It isn't necessarily Texas that lost out on the sales tax on this Mays card then.

Heritage however is based in Texas. So, if there is a perceived violation in fair trade practices by them, you would probably be correct to initially contact some office or department in Texas about it. Just not certain the Texas AG's office is the proper place to start for such a complaint. But Oregon's AG clearly has nothing to do with this in regards to Heritage.