I've done this about 200 times and have never lost any items. Just drop the bags about 5-10 seconds before logging out, and they'll be there.
Just don't do it in a zone without other players...Old Wives Tales tell about how items don't stick around on the ground when no players are in the zone!
[Starts watching his back as all the players follow him around town...]
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Muteki - 57 Bard
Alva - 53 Monk
Kallon - 58 Shaman
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