PWCC vault...explain

[Peter_Spaeth]

Originally Posted by G1911

STILL has

It was much worse years ago. All the grief I took lol.

[Carter08]

In my less than year here I can’t recall anyone saying they think it’s done acceptable things, much less great things. I’m sure I’ve missed one or two comments but it’s seems to be like Voldemort - just don’t mention it.

[chjh]

This industry will benefit from anyone providing innovation, price transparency, trust, and liquidity. The added market participants have squeezed AH commissions and increased the value of scarce, desirable cards.

Both of those are good for the collectors here that have been purchasing and collecting scarce, desirable cards for decades and are sitting on large gains.

Most scarce, desirable assets have been going up a lot in the last 10 years. It makes sense to me that cards would increase as well.

Some people move to Texas or Florida because there is no state income tax. Oregon doesn't collect sales tax on cards. It's rational for Oregon to do that and it's rational for a Vault company to locate there and create jobs.

I think the Vault service is a nice addition.

[Republicaninmass]

Originally Posted by chjh

This industry will benefit from anyone providing innovation, price transparency, trust, and liquidity.

The (current modern) Industry is propped up on false hope, ilegimate past sales, and people using money they dont have to buy cards the dont want, to sell before aninterest payment is due, to a greater fool.

We are in the mid to late innings of an " ARKK' disruption " boom. Where past valuation doesnt matter. Prices keep going up and the exuberance becomes more and more irrational each day. New investors to the game see their neighbor making a fortune and the shoe shine boy is recommending sportscards.

I wont be wrong, but I might be early calling the top here

[chriskim]

Originally Posted by Republicaninmass

The (current modern) Industry is propped up on false hope, ilegimate past sales, and people using money they dont have to buy cards the dont want, to sell before aninterest payment is due, to a greater fool.

"people using money they dont have to buy cards??"

I am unaware of any loans or margin you can use on buying cards unlike stock market. Am I missing something? I don't want to miss the boat.

[Republicaninmass]

Originally Posted by chriskim

"people using money they dont have to buy cards??"



I am unaware of any loans or margin you can use on buying cards unlike stock market. Am I missing something? I don't want to miss the boat.

You mentioned in your post. Aside from credit cards to buy "panini boxes at dutch auctions" or bidding up the latest prospect on ebay with hope it can be refunded if prices fall, pwcc and auction houses are offering cash advances based on past sales. As well as credit from consignments to buy in the future auctions.

We will skip using PPP loans and stimulus to buy cards instead of stocking up on needs or adding to savings

Sent from my SM-N950U using Tapatalk

[chriskim]

Originally Posted by Republicaninmass

You mentioned in your post. Aside from credit cards to buy "panini boxes at dutch auctions" or bidding up the latest prospect on ebay with hope it can be refunded if prices fall, pwcc and auction houses are offering cash advances based on past sales. As well as credit from consignments to buy in the future auctions.

We will skip using PPP loans and stimulus to buy cards instead of stocking up on needs or adding to savings

Sent from my SM-N950U using Tapatalk

I completely missed this conversation. Now it "makes sense". This world is nut!

[chjh]

"In my less than year here I can’t recall anyone saying they think it’s done acceptable things, much less great things. I’m sure I’ve missed one or two comments but it’s seems to be like Voldemort - just don’t mention it."

I agree with this sentiment.

I believe modern investors are finding their way to vintage and T206. Some of that is through PWCC. I think that's great. Their auctions have been showing more T206 cards with strong pricing lately. I'm happy to see any efforts to increase awareness of vintage. Their vault service appeals to many and their website is very user friendly.

The PWCC weekly auction has about 8,000 to 10,000 items a week and their monthly premier auction has over 400 items a month. They are turning out to be the clear winner over eBay after their feud.

Love 'em or hate 'em, whatever you wish, they are innovating and performing a good service. eBay and others have underestimated them.

[swarmee]

Originally Posted by chjh

Love 'em or hate 'em, whatever you wish, they are innovating and performing a good service.

98% of the card at 400% the price. I'll continue to hate them. They should be in jail.

[G1911]

It’s never long before a PWCC shill shows up to postulate that the only thing that
matters is that PWCC can be useful in escalating price run ups.

[Republicaninmass]

Originally Posted by G1911

It’s never long before a PWCC shill shows up to postulate that the only thing that
matters is that PWCC can be useful in escalating price run ups.

15 posts, and what do you get?


Another shill poster and deeper in debt.

St peter dont you call me cause I cant go, I owe my soul to the pwcc store

[Peter_Spaeth]

Originally Posted by Republicaninmass

15 posts, and what do you get?


Another shill poster and deeper in debt.

St peter dont you call me cause I cant go, I owe my soul to the pwcc store

16 not 15 come on man.

[chjh]

"15 posts, and what do you get?


Another shill poster and deeper in debt.

St peter dont you call me cause I cant go, I owe my soul to the pwcc store"

I am pretty sure this post doesn't reflect the common decency of most here.

[chjh]

"It’s never long before a PWCC shill shows up to postulate that the only thing that
matters is that PWCC can be useful in escalating price run ups."

This reminds me of all the threads here where some members say the new breed of collectors are rude and lack civility. Oh, wait...

[G1911]

Originally Posted by Peter_Spaeth

It was much worse years ago. All the grief I took lol.

I stayed out of those threads but I recall the refusals to accept the evidence. Facts are often unpopular