Listing of all BP rates for Auction Houses?

[Fred]

Originally Posted by Johnny630

We maybe the last group of guys who want to actually possess their cards !

I don't understand the vault concept. My thought is that if you are a "collector" or "hobbyist", then you're going to want to hold the card and possess it.

How many people on this board go with the vault collecting practice, and why?

[jayshum]

Originally Posted by Fred

I don't understand the vault concept. My thought is that if you are a "collector" or "hobbyist", then you're going to want to hold the card and possess it.

How many people on this board go with the vault collecting practice, and why?

I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.

[raulus]

Originally Posted by jayshum

I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.

I think there are some people who also use it to accelerate the selling process for something that they expect to want to sell in the near future. Send it to the vault, and then quickly flip it. I *think* that some vaults even give you a break on selling fees.

Some people also just keep some of their more valuable cards at a safety deposit box. I'm not convinced that a vault is really all that different.

I think if I were going to be away for a while, I might also consider a vault. Like if I was heading out on sabbatical or for a military or work assignment for a few years, or moving to a foreign country to try living there, then rather than stick my cards in storage or bring them with me, I might think about a vault.

[Peter_Spaeth]

Huh? With cards at a local bank, you can head right over and access them. How is that not different? The ten minute drive to my bank is just a bit more convenient than going to Delaware or California.

[raulus]

Originally Posted by Peter_Spaeth

Huh? With cards at a local bank, you can head right over and access them. How is that not different? The ten minute drive to my bank is just a bit more convenient than going to Delaware or California.

Yep, it’s close, and yet so far away. If I had to guess, people who have their cards in a bank safety deposit box probably don’t bother to look at them very often. But maybe you’re the exception!

[Apple_Robert]

Originally Posted by jayshum

I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.

I agree with your hypothesis. I wonder how many people actually read the ToS for the eBay vault service before sending the card off just to save some tax. I read it and quickly decided I will take personal charge of my cards.

[jayshum]

Originally Posted by Apple_Robert

I agree with your hypothesis. I wonder how many people actually read the ToS for the eBay vault service before sending the card off just to save some tax. I read it and quickly decided I will take personal charge of my cards.

What turned you off?

[Apple_Robert]

Originally Posted by jayshum

What turned you off?

For one thing, third parties are involved in the storage of cards.

"1. Items Accepted for Submission; Non-Conforming Orders; Restricted Users.

a. The PSA Vault Services include storage services at storage facilities operated by PSA or one or more third-party providers (each a “Facility”) for storage of permitted items only, as determined in PSA’s sole discretion. "

https://www.psacard.com/vaulttermsandconditions

Take a look at section 4b. That was another biggie for me.