[Rhotchkiss]

Originally Posted by BobC

Leon,

If this buyer lived in a state with say a 7% sales tax rate, using PWCC's vault just saved him about $6,500 he'd otherwise have to pay as sales tax. That savings could allow someone to pick up a few really nice additional cards as well for one's collection. And it has been discussed before about how we don't know the specific policy of each of these "vaults" currently out there on how they'll treat sales tax on items removed from them after they've been left in one for an extended period of time. Chances are that after enough time has passed, you could remove items from the vault and not owe any sales tax.

So granted, a real collector would likely want such a great card in hand. But how many real collectors may be willing and happy to wait an extra six months, a year, or maybe even longer, and leave the card in the vault before asking it be sent to them, knowing that by doing do so they may have saved enough in sales tax to buy a decent T206 Cobb as well? And in this case the card is slabbed, so it's not like the owner would be able to truly hold, feel, or even smell the actual card anyway.

Now this may not be acceptable to you, but I wouldn't be shocked to find out that quite a few true collectors wouldn't hesitate to take advantage of something like this, if presented with the proper situation. Just saying.....

Well said Bob. +1

And I would add to that: While all of my cards reside near me, I rarely look at them person. I much more often look at pictures of them on my phone, which I could just as easily do if my cards were in a vault instead of in safe deposit box nearby.