#5609398 - 04/18/1209:04 AMRe: Hot off the press! New Rules on E-bay
[Re: gherrmann44]
messydeskmessydesk
Up 20 words per minute since I signed up
Registered: 03/08/10
Posts: 1007
First of all, nothing stupid that eBay does to screw honest sellers surprises me or should surprise anyone. On a thread ATS, the criteria for being permitted to be listed in a favorable fashion are reported to include:
Been in business for a certain # of years Graded 50,000 + coins dated 1956 and earlier Have a search function on their website to verify a slabs cert # as to what the coin is Have an on line price guide for prices for graded coins.
While these criteria seem "fair enough" on the surface, they could have been chosen to exclude ANACS and ICG. If those are the complete criteria, they don't stand in the way of established disreputable services from meeting them, so as soon as an undesirable grading service meets the criteria, eBay will have to either accept them or change their rules in response to those criteria being met.
_________________________
John
President, Society of Silver Dollar Collectors Contact me for coin imaging Onsite imaging at CSNS 4/24-26, Table 805
Registered: 06/21/06
Posts: 240
Loc: Fort Worth, TX
Originally Posted By: messydesk
First of all, nothing stupid that eBay does to screw honest sellers surprises me or should surprise anyone. On a thread ATS, the criteria for being permitted to be listed in a favorable fashion are reported to include:
Been in business for a certain # of years Graded 50,000 + coins dated 1956 and earlier Have a search function on their website to verify a slabs cert # as to what the coin is Have an on line price guide for prices for graded coins.
While these criteria seem "fair enough" on the surface, they could have been chosen to exclude ANACS and ICG. If those are the complete criteria, they don't stand in the way of established disreputable services from meeting them, so as soon as an undesirable grading service meets the criteria, eBay will have to either accept them or change their rules in response to those criteria being met.
Almost all of the fake PCGS and NGC slabs check out as "good" on the online verification...because eBay's requirements to list the slab serial number made eBay itself a major source for counterfeiters to obtain valid serial numbers.
With eBay selling about $4 billion a year in the coins category, there must be at least several hundred million dollars of ANACS and ICG slabs sold through eBay, which are now unmarketable on that venue.
Even with PCI and SEGS, the company's coins were listed in the bluesheet and have a definite market value. As long as they are properly described for what they are, and no inappropriate valuation claims are made, a venue like eBay has no business telling sellers which particular brand names of a legal product may or may not be sold. They can ban ALL raw coins, or ALL items of a particular type, such as guns, but banning the products of certain companies is illegal restraint of trade,
#5609550 - 04/18/1210:31 AMRe: Hot off the press! New Rules on E-bay
[Re: Frank Provasek]
mailman1959mailman1959
Collector is an understatement.
Registered: 03/06/11
Posts: 146
Loc: Ohio USA
EBAY is a public service. You do not have the "right" to sell anything YOU want on THEIR site. They have a clause in their terms of use regarding "community trust", once THEY feel uncomfortable with an item because of user feedback, THEY have the right to refuse selling it
#5609747 - 04/18/1212:02 PMRe: Hot off the press! New Rules on E-bay
[Re: brg5658]
keigwinkeigwin
Bid more or post more... tough one...
Registered: 11/23/06
Posts: 963
Loc: Northern CA
Originally Posted By: brg5658
Originally Posted By: Frank Provasek
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.
If the coin is listed for less than $2500 BIN it can still be listed and can still be searched if ANACS or ICG is listed in the auction title. You just can't list the numeric grade directly in the title. Also, in the drop down for listed coins, only NGC and PCGS will be the options. To my understanding, if you have a coin in an ANACS or ICG holder that is auctioned for more than $2500 then that is still fine, the rule just limits BINs, reserves, and start prices. I'm not saying I agree with the new change completely, but I'm advising you to read the fine print before you get all bent out of shape.
If the coin is in a slab other than PCGS and NGC then it will be considered raw.
Currently, the rules for raw coins prohibit referencing any TPG in the title and auction listing. Unless the rules are changed, sellers of ANACS coins will not be allowed to mention ANACS or the numerical grade in the title or the listing. Of course pictures will tell the story. But searches will not be possible. Lance.
#5610441 - 04/18/1204:40 PMRe: Hot off the press! New Rules on E-bay
[Re: comicdonna]
messydeskmessydesk
Up 20 words per minute since I signed up
Registered: 03/08/10
Posts: 1007
ANACS has issued an official statement with respect to this and is confident they can comply with the slab number lookup by May 30. I will not lay odds on whether this will cause the nescient nincompoops of eBay to go looking for another reason to exclude them.
#5611004 - 04/18/1208:10 PMRe: Hot off the press! New Rules on E-bay
[Re: messydesk]
comicdonnacomicdonna This is what my dog thinks of your post.
TOTAL NEWBIE
Registered: 01/07/05
Posts: 23062
Loc: Near Albany NY
Originally Posted By: messydesk
ANACS has issued an official statement with respect to this and is confident they can comply with the slab number lookup by May 30. I will not lay odds on whether this will cause the nescient nincompoops of eBay to go looking for another reason to exclude them.
