Have You Seen This New Ebay Vault? How Would You Feel If They Apply It To Coins?

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Author	Replies: 5 / Views: 1,818
AlexDC New Member United States 45 Posts	Posted 11/17/2022 4:04 pm I just logged onto ebay and saw their new " ebay Vault" announcement (maybe it's not new, but first time I'm seeing it). https://www.ebay.com/vault Basically, they'll store your trading cards in a secure vault, so when you buy and sell them the ownership instantly transfers. You never even have to see the card! Hmm... I feel like they might try to expand this to coins if it goes well. How would you feel about this? I personally feel like this defeats the entire purpose of collecting something, but am curious to hear what others have to say. Alex Report this Post to the Staff

jbuck Moderator United States 187446 Posts	Posted 11/17/2022 4:09 pm Zero interest. I absolutely hate this idea. However... since you never touch the item, I wonder if it would be IRA eligible. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
captainmandrake1 Pillar of the Community United States 878 Posts	Posted 11/17/2022 4:37 pm They stole over 400 dollars of my money. I would not trust them. Here's my tale of woe for this for those interested: http://goccf.com/t/423811#3649735 Edited by captainmandrake1 11/17/2022 4:39 pm Report this Post to the Staff
Notatzaddik Valued Member United States 81 Posts	Posted 11/17/2022 6:49 pm I would never use it. What if ebay folds, where is your stuff? Are you a last in line creditor? Get your stuff in your hands and put in a bank vault. Possession is nine-tenths of the law ---a famous quote:-) Report this Post to the Staff
Spence Moderator United States 34393 Posts	Posted 11/17/2022 7:18 pm Quote: Possession is nine-tenths of the law This exactly. Not a fan of this concept. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
NumismaticsFTW Pillar of the Community United States 2280 Posts	Posted 11/17/2022 8:50 pm I feel the exact same way towards people that leave their coin collection at a bank. You realize when you know how to think, it empowers you far beyond those who know only what to think. -Neil deGrasse Tyson Report this Post to the Staff
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