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All Forums Category: eCommerce and Online Auction Forums Forum: eCommerce | eBay, eCrater, Heritage, Paypal, Auction Houses, etc.

New Ebay Program For Coins Over $500 Sends Them Through PCGS For Authentication?

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Author Replies: 5 / Views: 73Next Topic  
Brandmeister
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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.
Keith67
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Interesting.
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JimmyD
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Wonder how long it will take to have a coin authenticated?
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Keith67
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That's one thought that comes to mind..........
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ijn1944
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Yes, saw this a couple days ago in a communication from ebay. Will be fun to see where this goes.
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Zurie
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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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