I returned after many months, to find all my merchants on vacation again. So I checked my mail and found all my gear - well, most of it. I lost a number of whetstones and pelts, plus had several others with really high decay. Also a few other items had decay when I did not expect any. One med rug was at 70% and I am pretty sure I did not put it on the merchant at 70. Tons of high end moon metal lumps are near destroyed, or gone completely. Much of my high end armor is in various states of decay.
This is not how I left it on my merchants.
@Samool@Retrograde
Thought you guys should see this, per someone's suggestion that I tag you.