• Ebay effectively bans ANACS and ICG coins

    From wboswellc47@gmail.com@21:1/5 to Frank Provasek on Fri Jun 7 19:44:14 2019
    On Tuesday, April 17, 2012 at 11:01:33 PM UTC-4, Frank Provasek wrote:
    Newest edict from eBay:

    As coin collecting continues to grow and thrive on eBay, customers
    have told us time and again that knowing they can buy and sell with confidence is important. We'll be updating eBay's Stamps, currency,
    and coins policy to help foster that confidence—this update may impact
    your coin listings.

    Starting May 30, all new listings and relistings in coin categories
    will need to meet the following requirements:

    First, listings for coins will be allowed to include a numeric grade
    in their listing title or item description only if the coin grading
    company meets certain objective standards.* Coins that haven't been
    graded by these companies will be considered raw or ungraded.
    Currently, eBay has determined that only the Numismatic Guaranty
    Corporation (NGC) and the Professional Coin Grading Service (PCGS)
    meet these standards.
    Second, for US Coins only, grading by companies meeting these
    standards will now be required for all coins listed with a Buy It Now, reserve, or start price of $2,500 and above.

    Good 'Til Cancelled listings will have until June 30th to comply with
    the revised policy. Listings that don't comply by these dates will be ineligible for relist or renewal and will be removed.

    We've heard from both buyers and sellers that they'd like to see more
    coins on eBay graded by companies who meet high standards. These new requirements are an important step toward meeting these marketplace
    demands. Take action now to ensure your listings comply with these new changes.

    As always, thank you for selling on eBay,

    ---

    There are many good coins in ANACS and ICG slabs which will now be unmarketable and unsearchable on eBay with these new rules. I spent
    several thousand dollars with ANACS recently on varieties and ancients
    which are two categories that people will (righly so) never buy unless attributed and certified by a reputable grading service. Now eBay will consider these raw. Will be on the phone with my attorney in the
    morning.

    ----
    Frank Provasek Rare Coins www.frankcoins.com http://shop.ebay.com/merchant/frankcoins Texas Auction License
    11259, Board member of Texas Coin Dealers Association,
    Member TNA, ANA, PCGS, NGC - Full Time Since 1991
    ebay like Facebook, spontaneously changing the rules all the time, disregarding the impact on the users, either sellers or buyers. Obviously, the 800 pound gorillas PCGS & NGC are pulling the strings behind the ebay curtain.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ckmail1@gmail.com@21:1/5 to Frank Provasek on Sat Jun 8 13:44:22 2019
    On Tuesday, April 17, 2012 at 11:01:33 PM UTC-4, Frank Provasek wrote:
    Newest edict from eBay:

    As coin collecting continues to grow and thrive on eBay, customers
    have told us time and again that knowing they can buy and sell with confidence is important. We'll be updating eBay's Stamps, currency,
    and coins policy to help foster that confidence—this update may impact
    your coin listings.

    Starting May 30, all new listings and relistings in coin categories
    will need to meet the following requirements:

    First, listings for coins will be allowed to include a numeric grade
    in their listing title or item description only if the coin grading
    company meets certain objective standards.* Coins that haven't been
    graded by these companies will be considered raw or ungraded.
    Currently, eBay has determined that only the Numismatic Guaranty
    Corporation (NGC) and the Professional Coin Grading Service (PCGS)
    meet these standards.
    Second, for US Coins only, grading by companies meeting these
    standards will now be required for all coins listed with a Buy It Now, reserve, or start price of $2,500 and above.

    Good 'Til Cancelled listings will have until June 30th to comply with
    the revised policy. Listings that don't comply by these dates will be ineligible for relist or renewal and will be removed.

    We've heard from both buyers and sellers that they'd like to see more
    coins on eBay graded by companies who meet high standards. These new requirements are an important step toward meeting these marketplace
    demands. Take action now to ensure your listings comply with these new changes.

    As always, thank you for selling on eBay,

    ---

    There are many good coins in ANACS and ICG slabs which will now be unmarketable and unsearchable on eBay with these new rules. I spent
    several thousand dollars with ANACS recently on varieties and ancients
    which are two categories that people will (righly so) never buy unless attributed and certified by a reputable grading service. Now eBay will consider these raw. Will be on the phone with my attorney in the
    morning.

    ----
    Frank Provasek Rare Coins www.frankcoins.com http://shop.ebay.com/merchant/frankcoins Texas Auction License
    11259, Board member of Texas Coin Dealers Association,
    Member TNA, ANA, PCGS, NGC - Full Time Since 1991

    I hope this policy will change. I, too, have spent much money on other grading services than PCGS and NGC. What is the status of this now?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)