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 Replies: 13 / Views: 334 |
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Pillar of the Community
 United States
6831 Posts |
https://www.ebayinc.com/stories/new...tible-coins/I had not heard about this program until last night from a podcast. Mention was made of announcing it at the ANA World's Fair of Money. The gist is that slabbed or raw coins over $500 will be sent through PCGS for examination as part of the purchase process. It was not immediately clear to me if sellers are forced to offer a money back return policy as part of the program, or if ebay covers the cost of fakes. It seems like a step in the right direction.
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Pillar of the Community
 United States
6815 Posts |
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Bedrock of the Community
Canada
21826 Posts |
Wonder how long it will take to have a coin authenticated?
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Pillar of the Community
United States
6815 Posts |
That's one thought that comes to mind..........
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Bedrock of the Community
United States
19463 Posts |
Yes, saw this a couple days ago in a communication from ebay. Will be fun to see where this goes. |
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Pillar of the Community
United States
5710 Posts |
It does seem like a good move. I wonder what percent of their sales of $500+ coins will be canceled because they are determined to be fake? If they are also verifying the accuracy of the listing, it seems that may protect against INAD returns.
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Pillar of the Community
United States
2064 Posts |
Thank you for the article link, Brandmeister.
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Bedrock of the Community
United Kingdom
18403 Posts |
I imagine the idiots posting road-rashed Lincoln Memorial cents as 'unique errors' will have to reduce their prices to $499.99...
Edited by NumisRob
Yesterday 11:54 am
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Pillar of the Community
United States
5877 Posts |
Yep! Those $100,000 rare coin will now reduced with free shipping.
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Pillar of the Community
United States
5249 Posts |
ebay claims "no additional costs", but I bet it will be made up for by (slightly) increasing fees.
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Pillar of the Community
United States
3499 Posts |
Quote:
ebay claims "no additional costs" I wonder who will be paying for the shipping and insurance to PCGS, the PCGS authentication fees and the shipping and insurance back to the seller. |
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Pillar of the Community
United States
7250 Posts |
Can't say I've ever bought a raw coin over $500 off ebay. Edited by Greasy Fingers
Yesterday 11:03 pm
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Forum Dad
United States
24219 Posts |
Won't work unless they hold the seller's money until PCGS authenticates it. If not, you'll still have fakes galore on there. Of course, most ot the fakes aren't over $500 because they know they're fakes.
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Bedrock of the Community
United States
27045 Posts |
A better approach would be to authenticate / verify sellers. Funds from sales by non-authenticated / unverified sellers would be held in escrow until 1 week after delivery. Plus, all sales would be subject to returns for refund.
Inordinately fascinated by bits of metal with strange markings and figures
Edited by HondoB
Today 9M ago
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Replies: 13 / Views: 334 |
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Posted Yesterday 08:38 am
