Heritage & PWCC and the PSA 9 Mays

[BobC]

Originally Posted by Peter_Spaeth

Just a guess that people dropping 100K type world record money on a card aren't THAT concerned about sales tax. And storing cards close to home with a heavily regulated bank just isn't the same as storing them remotely with a private company with a world of legal problems. You couldn't pay me to put my cards in Brent's custody.

Don't disagree with anything you're saying Peter, but very often I would think that someone who has that kind of money to spend on a card was able to accumulate it from taking advantage of smart, frugal measures at some point in their life. Like using a vault to save on sales taxes. And once someone has developed such thinking and habits, especially in regards to money and finances, I would think they tend to stay with them.

Having said that, a vault is not my optimal idea of collecting either. And can definitely understand people's hesitancy to maybe use one vault provider option over another, for various reasons. LOL

[Peter_Spaeth]

Originally Posted by BobC

Don't disagree with anything you're saying Peter, but very often I would think that someone who has that kind of money to spend on a card was able to accumulate it from taking advantage of smart, frugal measures at some point in their life. Like using a vault to save on sales taxes. And once someone has developed such thinking and habits, especially in regards to money and finances, I would think they tend to stay with them.

Having said that, a vault is not my optimal idea of collecting either. And can definitely understand people's hesitancy to maybe use one vault provider option over another, for various reasons. LOL

People shattering world records for cards do not, in my judgment and experience, tend to be frugal types.

[BobC]

Originally Posted by Peter_Spaeth

People shattering world records for cards do not, in my judgment and experience, tend to be frugal types.

I'm just following the info in that article. The guy buying the card does not sound like a billionaire with money to burn.

So let me ask you. If you went to buy this card and found using a vault could potentially save you thousands of dollars in sales taxes, would you ever consider using a vault to do so, or not?

[Peter_Spaeth]

Originally Posted by BobC

I'm just following the info in that article. The guy buying the card does not sound like a billionaire with money to burn.

So let me ask you. If you went to buy this card and found using a vault could potentially save you thousands of dollars in sales taxes, would you ever consider using a vault to do so, or not?

No. I don't want someone else, other than a local bank, having possession of my card.