Help Report This Item.

Their policy is quite clear and precise. Since grading is subjective ebay has taken the position that a person, collector or dealer, isn't qualified to make the distinction between a VF-25 and a VF-30 so they won't allow the numbers but will let you specify a grade which is perfectly reasonable.

So many people who haven't been collectors before the grading services got started just don't know how to grade coins themselves and have come to rely on others to grade coins for them. Every collector should have at least a copy of the ANA Grading Standards and Photograde in their numismatic library.




A grade reference absolutely is a direct estimation of value whether or not you add the Sheldon number or not.

If a person sees what they believe is an over graded or overpriced coin on ebay so what they don't have to bid on it. There are plenty of other places on the WWW where collectors can buy from honest and reputable dealers besides the monopolistic ebay and their anti buyer and seller policies.

Ed
ANA LM-3175

Complete hogwash, Check sold 1921 "MS" Morgans on eBay, at the time of this posting they went anywhere from $27 to $630.

Wow now we're talking about litigation and judges. I'm not sure how that applies to an ebay auction with a subjective grading issue.

When people here present a coin for grading, we usually get a good range of estimates. Grading is purely subjective and just because one calls a coin VF and another calls it F or VF-30, it doesn't mean that anyone is right or wrong. And certainly it doesn't warrant reporting an auction or bringing up legalities in my opinion.

What if I go to a garage sale or a thrift store and see an item that I feel like they are asking too much money for? Should I call the police? Should I report it to the local newspaper? Should I tell them that they are trying to commit fraud simply because I don't agree with their asking price?

If your goal is to protect the less than sophisticated consumer, that's your choice, but I think you will drive yourself crazy if you want to go about it this way (reporting auctions where you don't agree with the grade or price and then posting it to a forum asking others to do the same).

I believe in a free market where buyers and sellers are free to conduct business without others trying to interfere unless it's a blatant case of misrepresentation (trying to pass off a fake 1895 Morgan as real for example). In this case, I don't see it being even remotely close to a blatant case of the coin being misrepresented and therefore there is no reason whatsoever to report the listing.

This all comes back to personal responsibility. Why isn't it the buyer's responsibility to know what he is buying? ebay can not fix "stupid" with policies. You can go to ebay and pick any other category and find sellers all over the place on description and price for the same type item. Personally, I would not have the guts to sell that coin as a VF nor would I price it at $100. When looking at the listing the first thing I did was pull a Red Book out to see if it was a better date. With the internet, anyone has the ability to check out what they are buying before they place their bid.

A coin is worth what one is willing to pay for it. Yeah, there is a FMV but, how bad you want it?

Agree 100%. We don't know what the seller has into the coin, but also that's not our business. It's his coin, he is free to ask whatever selling price he wants to. With grading being so subjective, one could call the coin VF, another VF+ and then others may say F or even VG.




This is so true. One would literally have to report auction after auction and do it non stop for days, and still wouldn't even hit the tip of the iceberg. The bottom line is that reporting an item because you feel it's overpriced is equivalent to filing a frivilous lawsuit. It's a waste of time and accomplishes nothing. I won't say any more on this subject as I think I have made it pretty clear how I feel about this particular subject. :P

Why report this?

They can ask any price, and describe a coin any way they want other than using a numeric scale which is reserved for ebay approved TPG's. Sounds fair to me. I'm allowed to say my coin is beautiful if that's what I think. I can also say it is "very fine" when really its a mint state coin. If I showed my sister an MS65 coin, she might say its "perfect". It's all a matter of opinion and everyone has a right to their opinion.

As for the price, look at it the other way ... as a buyer, you are allowed to offer any amount you want. Do you not lowball sometimes when making offers to sellers? Of course, everyone does that... as a buyer, we all want the lowest price possible, and as a seller we want the highest we can get. That's completely fair.

If you look through the ebay history of completed listings you will see that basically none of these massively overpriced items sell... so don't worry about it.