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Ebay Coin No More? Sales To Be Discontinued?

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 Posted 06/04/2020  10:14 pm  Show Profile   Check paralyse's eBay Listings Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
I've purchased a significant amount of coins from eBay over the past 15+ years, and I would be shocked if they ever quit allowing coin sales and alienated buyers like me. (I don't use eBay for anything but coins!) I'm relieved to see that they are likely going to work something out to allow coin sales to continue.

I am sure they will develop a solution to allow sellers and buyers to keep the coin marketplace intact because the cold hard facts are that there are no alternatives to eBay when it comes to buying coins online unless you want to pay the exorbitant and absurd 10-20% or more BP's at HA, GC, or the major auction houses. Worse, those "big" auction houses don't deal much in the sub-$100 market, an area of sales where eBay thrives. I belong to a couple of large private FB groups that specialize in dealer-to-dealer, wholesale and specialty markets, and given the heavy costs and restrictions they impose, as well as the steep costs of most items being sold there, I can't imagine they would present a viable alternative, either.

eBay's not perfect in many ways but it's still the best solution available at the moment in my opinion. No one is likely going to invest tens of millions of dollars to create an eBay replacement just for coin collectors.

(I do know of one major web-based project in development, backed by a consortium of certain large dealers and numismatists, but it is targeted at the elite collector/investor/dealer/high-end market demographics, not the low-end "bread and butter" stuff sold via eBay auctions.)

The day eBay exits the coin market is the day I quit buying coins, save one or two shows per year.
Member ANA - EAC - TNA - SSDC
Specializing in 1932-1964 Washington quarters

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Edited by paralyse
06/04/2020 10:36 pm
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 Posted 06/04/2020  10:46 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
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 Posted 06/05/2020  8:44 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Those will all be included, this will be 100% rolled out over time, so anything that's not included currently will be included.

So coins won't be included at first but we will include them later.
Gary Schmidt
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 Posted 06/06/2020  9:55 pm  Show Profile   Bookmark this reply Add Wideglide to your friends list Get a Link to this Reply
"Did you exchange a walk-on part in the war, for a lead role in a cage?" R.W. 1975

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 Posted 06/07/2020  3:50 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
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 Posted 06/08/2020  1:03 pm  Show Profile   Bookmark this reply Add MrCanada to your friends list Get a Link to this Reply
Thanks for clearing that up
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 Posted 06/09/2020  01:14 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Further, "eBay sellers that frequently list in coins, paper money and bullion will not be required to register for managed payments until these categories are compatible. Until then, there is no action required and sellers can continue to sell on eBay as they do today."

And what do they mean by "until these catagories are compatible"? And I assume that once they are "compatable" the sellers will have to register for managed payments.
Gary Schmidt
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 Posted 06/22/2020  09:14 am  Show Profile   Check John K's eBay Listings Bookmark this reply Add John K to your friends list Get a Link to this Reply
I called eBay Saturday. I was told they will NOT allow coins if you are using Managed Payments. And all USA sellers must convert to Managed Payments by the end of 2020.

If those news stories are correct, then eBay needs to update their web pages concerning the new payment method.

Here is the current website link:
https://www.ebay.com/help/policies/...licy?id=5009

and another one:
https://secureir.ebaystatic.com/cr/...tersize2.pdf

If you can figure out all these new rules, you are smarter than me. My prediction is major problems when the new system goes into effect - even if they allow coins.
Edited by John K
06/22/2020 09:15 am
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 Posted 06/22/2020  11:14 am  Show Profile   Bookmark this reply Add Coinsteel to your friends list Get a Link to this Reply
The restricted list for managed payments sellers is pretty long. It's gonna cost ebay a lot of fees if they follow thru with it.
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 Posted 06/22/2020  3:55 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
EBay is NOT STOPPING COIN SALES.
Read the Coin World article June 5 2020 easily found with a google search . The official statement said, "eBay will continue to allow sales of coins, paper money and bullion now and in The future"
Quote from the Coin World article concerning this subject .
EBay is not stopping coin sales . To state otherwise is just not correct.

There is the distinct possibility that Ebay coin and bullion sellers will never be in the Managed Payment system . Anyways for now until the end of 2021, I am sure not going to get my knickers in a knot over it !
Too busy selling !
Edited by Pacificoin
06/22/2020 4:01 pm
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 Posted 07/25/2020  4:25 pm  Show Profile   Bookmark this reply Add VGRX to your friends list Get a Link to this Reply
So in a nutshell....

Ebay will not end coin sales
HOWEVER
Sellers being forced into managed payments won't be able to sell them.
AND
All sellers will be forced into managed payments by year end.

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 Posted 07/25/2020  4:33 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply

Quote:
Sellers being forced into managed payments won't be able to sell them.
AND
All sellers will be forced into managed payments by year end.


Not true.., if you sell only coins or bullion, you won't be pulled into managed payments, until Managed Payments is ready for coins and bullion sales..
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 Posted 07/25/2020  4:33 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
"eBay will continue to allow sales of coins, paper money and bullion now and in the future. eBay sellers that frequently list in coins, paper money and bullion will not be required to register for managed payments until these categories are compatible. Until then, there is no action required and sellers can continue to sell on eBay as they do today." -- Steve Halupka, eBay Rare Coin, Paper Money & Bullion Category Manager.

Should sum it up nicely!
Edited by Pacificoin
07/25/2020 4:34 pm
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 Posted 08/02/2020  07:38 am  Show Profile   Check John K's eBay Listings Bookmark this reply Add John K to your friends list Get a Link to this Reply
Aug. 2 - Sold my first coin on eBay since they implemented Managed Payments. There was no difference from previous sales. Buyer ordered it and payed me through Pay Pal just like always.

I just bought some coins on eBay and again Nothing different from the buyer's end.
Edited by John K
08/02/2020 12:09 pm
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 Posted 08/02/2020  6:26 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
For those who haven't followed the saga...

eBay spun off PayPal a couple years ago (2015 - https://fortune.com/2015/06/26/ebay...-split-date/) it was the classic spin off of lower margin businesses to make the stock more attractive. The deal included some period of continuing to be eBay's prefered payment system.

But ever since the spin, eBay has wanted to reduced the amount of fees they pay (directly or indirectly) to PayPal.

eBay has some kind of deal with Adyen (big in Europe and looking to expand) https://www.cnbc.com/2018/02/01/why...petitor.html

If your payment is through Adyen, then the Adyen Terms and Conditions apply https://www.adyen.com/legal/list-re...d-prohibited

Adyen reportedly prohibits coin sales (although I'm no longer seeing them in the above T&C), so eBay sellers processing payments through Adyen supposedly can't sell coins.

-----Burton
46 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC
Owned by four cats and a wife of 35 years (joined 1983)
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