Newest edict from eBay: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.
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
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
On Tuesday, April 17, 2012 at 11:01:33 PM UTC-4, Frank Provasek wrote:How can they consider the raw they are graded by legal companies ebay has no place in that decision tey are not numismatics they are marketplace they cannot do that is like giving legal advice and not being a layer, so has to be illegal
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.
----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?
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
How can they consider the raw they are graded by legal companies ebay
has no place in that decision tey are not numismatics they are
marketplace they cannot do that is like giving legal advice and not
being a layer, so has to be illegal
is like giving legal advice and not being a layer
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