New Ebay Policy

[Brad]

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.

[Roller]

Well, that means that a lot of coins will carry a higher price if they have to be graded. Makes grading companies fatter at the expense of the collector.

[pman860507]

Well i think this is good news.

[seal006]

Well i think this is good news.

It is not good news for sellers like me that have been selling on eBay for over ten years without a single negative or neutral feedback. I sell raw coins. I have no desire to deal in slabbed coins. This will limit most sellers of coins. Most of which are honest. Now you as a buyer will have a harder time filling your sets. Gone are the days of a great deal. Quite possibly one of the worst things to happen to our hobby in a very long time. Also notice that ANACS is not a recognized grading company by eBay. This means all of those neat graded varieties will be treared as raw by eBay. I think guys like Chris wouldn't be willing to sell his slabbed coins for raw prices. I was a huge eBay fan. I may reconsider. This is what happened with the fall of the baseball card hobby. When Beckett magazine started going exclusively with graded cards and downgraded raw cards the foundation of the hobby crumbled.

[mustbebob]

I think you are misreading something. It states that only coins $2500 (buy it now, or reserve) and above will REQUIRE a slab. Others will not

[willbrooks]

Do you guys really list unslabbed coins for more than $2500 on ebay? That would seem unusual to me. I guess if you list anacs slabbed coins that are over $2500, then this effects you, but otherwise, this seems like a good protection device against fraudulent listings. Perhaps I am missing something.

[seal006]

It states that you cannot mention a grade UNLESS it has been graded by NGC or PCGS

[mustbebob]

That's not much different than the current policy. Not being able to list a grade shouldn't destroy your auctions. Post good pictures, and tell folks to use the 'Ask Seller A Question" link if they insist on a grade. As long as the numeric number is not in the title, or item description, there are other ways to find out that info. If you are only selling raw coins, the grades are going to be subjective any way.

[willbrooks]

It only says you cannot list a NUMERIC grade, unless slabbed. Quite frankly, I think this is an AWESOME idea. I am sure all of your self-assessed numeric grades are spot-on, but we all know many seller's grades are 10+ points higher when selling and 10 or more points lower when buying. This is a very good idea to protect the buyer, in my opinion. It is a shame that perhaps anacs wasn't included, but again, I don't see how this really effects the honest seller at all. There will still be tons of "BU" listings that are nasty, since there is not a numeric listing. Do you really list your coins with a grading number, without them being slabbed?

[RWBILLER]

I think it will stop the people saying 10,000 or best price for a die crack!

[jcuve]

I don't sell enough to know, but somehow I don't think this is going to help ANACS or ICG. The current policy (as has been the case for years) was raw coins or other TPGs could not have a numeric grade in the title. The change is that ANACS and ICG get relegated to the same corner as PCI and DGS (for better or worse).

No one pays the same price for a MS68 in a ANACS as in a PCGS, so it might not matter. Curious what Chris will think...there a lot of nice varieties in ICG and ANACS slabs...

The idea of having coins over $2.5K in a slab will curtail some of the high end fakes out there.

[hasfam]

Can't help but think this will hurt ANACS significantly. Of course they could attempt to meet those same standards as PCGS and NGC if they want to survive.
Isn't there something new regarding the return policy of coins too? I thought I heard something is coming up...or maybe not.

[Maineman750]

How about "1955 Doubled Die ANACS Slabbed"...then just a picture showing the grade...should get around the rules and still catch the attention of serious buyers.
I like the idea that eBay is trying...but like the government, they always ending up making a mess of things.I can see PCGS or NGC giving a kickback so that only coins in their slabs can be sold.

[Brad]

I do like the policy about the $2500 coins. Even though I have never bought or sold a $2500 off Ebay, I am tired of seeing ridiculous asking prices. Of course, someone could still ask $10,000 for a 1936 cent graded PCGS MS65RD.

I completely disagree with the ANACS decision. At an owner of a lot of ANACS coins, I have always felt that ANACS grades coins just as well as PCGS and NGC, not to mention the fact that ANACS certifies varieties that PCGS and NGC refuse to recognize.

If anyone knows the best way to communicate with Ebay that we disagree with ANACS not being included, let us know!

[Maineman750]

If anyone knows the best way to communicate with Ebay that we disagree with ANACS not being included, let us know

Good idea Brad....maybe we could all let them know how we feel...especially since it interferes with our niche of the hobby.