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 Replies: 20 / Views: 3,997 |
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Pillar of the Community
United States
2759 Posts |
Heritage accepts ANACS. Not sure why ebay would exclude them ... |
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Valued Member
United States
155 Posts |
According to auctionbytes.com: The alert [sent out to the media] said ebay had worked with numismatic authority John Albanese to develop standards that must be met for grading coins on ebay. Albanese is founder of CAC and NumismaticConsumer Alliance, and ebay said he was considered one of America's leading professional numismatists and noted as one of the world's authorities on coin grading and the rare coin market. So ebay admits this policy came from John Albanese. That's like going to Bill Gates to set up computer standards and Gates say "No, MACs aren't good enough. They don't meet the standards. Only Microsoft does" and then ebay bans all MAC sales. It IS collusion, plain and simple. |
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Pillar of the Community
 United States
3755 Posts |
OK, so I just went off on a poor operator at ebay. While stating Ebays p poor excuse for their actions he said (this is as close to an exact quote as I can do without having recorded the conversation) ebay wants to make sure that their customers are protected when buying coins. To this end we consulted with leading authorities in the coin collecting world to set the standards. We consulted John Albanese... STOP RIGHT THERE!!!!!!!!!! This is where I really got loud and probably a bit abusive. This is the point VACooke was doing the face in the palm thing. LOLy Let me say now, I had it backwards in my original post. I could not remember Albaneses name when I wrote it. The backwards part is that Albanese founded NGC, and was a co founder of PCGS, not the other way around as I said before. My bad. Now that I straightened that out... JOHN ALBANESE IS THE LEADING AUTHORITY FOR THIS? Are you kidding me? Do I really need to explain how slimey this is? Or how blatantly obvious the collusion is? I KNEW this had to be the reason for this. No way something like this happens without a lot of back room dealings. I dont know the legality of this, but the morality is skanky at best. This guy is now in the scumbag class IMO. The owner of CAC and former owner of PCGS and NGC is the person who dictated this. Un real. If you sell on ebay CALL THEM AND BLAST THEIR FACES OFF. And did anyone at all get contacted by ebay and asked their opinion on this? They state they heard from buyers and sellers alike... I called and spoke to ANACS and they are working to resolve this. She was so diplomatic. LOL |
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Pillar of the Community
United States
2295 Posts |
Asking John Albanese, is really giving ebay a biased opinion. You can't blame ebay, since they have no clue about numismatics. The best defense against this, is to educate them. Is there a way to send suggestions to where someone high up there, who will actually read them? Sending to CSRs won't work, since they don't care. I think at the very least, ANACS should be included, since they are quite popular with the average collector for getting coins graded and sold with details in the title. |
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Pillar of the Community
United States
1348 Posts |
so a coin worth over $2500 must be graded by PCGS or NGC to even be listed on ebay. Am I reading that correctly? |
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Pillar of the Community
United States
4113 Posts |
Smoke: Just got off the phone with a ebay rep and complained about ANACS bring left out etc. He will pass it on to the higher-up's, if that's going to do any good or not? Maybe if enough of us E-Bay members complain, ebay will look into this further! Chuck. |
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Pillar of the Community
United States
3755 Posts |
Yes, yes you CAN blame ebay. They are coming up with this set of requirements to govern a portion of their business. Going to one single individual who happens to have a vested interest in the companies involved is NOT a proper way to run their business. Its not an issue of knowing coin collecting. This is a matter of poor business. |
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Valued Member
United States
155 Posts |
They're complaining about it on the ebay message boards too. I don't think ebay cares. Found this: The standards companies must meet under this revised coins policy are as follows: At least 50,000 coins graded (pre-1956) Live, online population report At least 3 graders on staff who are considered numismatic experts (an individual who has been a full-time numismatist for at least five years). At least one of the graders should be a member of PNG, and all three should be members of the American Numismatic Association ( ANA) Stated buyback guaranty in writing for coins later determined to be counterfeit, damaged, over- or mis-graded, or mis-attributed Coins being slabbed must be kept in a unique, state-of-the-art, tamper-resistant holder with anti-counterfeiting measures (e.g.; holograms). Archival materials should be used wherever possible Enable online verification of unique serial numbers |
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Bedrock of the Community
United States
17884 Posts |
Quote:so a coin worth over $2500 must be graded by PCGS or NGC to even be listed on ebay. Am I reading that correctly? Not quite. First it doesn't apply to non-US coins. Two you can list them but they can't have a BIN, reserve, or STARTING price over $2500. If you have a $5000 coin non-approved TPG coin you can list it in an auction but you can't put the numerical grade in the title or description and you can't start it for more than $2,499.99. If it is a non-US coin you can start it where ever you want. (I suspect that the non-US coin exclusion was an oversight and that will be changed eventually.) |
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Pillar of the Community
United States
1796 Posts |
Quote:
Stated buyback guaranty in writing for coins later determined to be counterfeit, damaged, over- or mis-graded, or mis-attributed Haw! NGC and PCGS disclaim any responsibility for misattributed coins. :-) Remember that recent case of an NGC "Small Date 1970-S" LMC that was a large date? :-) Edited by SteveCaruso
04/18/2012 1:15 pm
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Valued Member
United States
208 Posts |
That doesn't even make sense from ebay's point of view. By limited the TPG to only those 2 companies, they are reducing the number of listings, meaning less money for them. I'm all for limiting the companies, but come on, just those 2? Give me a break. Why don't they ask Bill Ford what brand car they should limit vehicle sales to on ebay? |
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Pillar of the Community
United States
1348 Posts |
ebay has probably had so many ebay and paypal claims for coins that the profit wasn't even worth all the work they had to put in.
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Bedrock of the Community
13014 Posts |
I think a lot of us are looking at this from the wrong angel. 1wa is right, this has a lot less to do with some big conspiracy and a lot more to do with the amount of claims ebay gets for fraudulent coins. ebay has no vested interest in trying to say 1 company is better than another. Its in their interest to get as many as possible on there as they make their money through volume and bulk sales. With that said ANACS is not on there for a 1 simple reason, unlike PCGS/NGC you cannot go to the ANACS and verify that the code on the holder is indeed a legitimate coin from their pop report. As soon as ANACS allows verification on their website you will see them added to the list. If some reputable dealer came to ebay with an impressive set like the penny actions they just had I'm sure they would promote that and sell them. This has nothing to do with ebay trying to "squeeze" anyone out of the market and everything to do with them trying to reduce fraud and only have legitimate coins sold on the site. Frankly I like the effort on there part, a quick search of the coin listings on ebay and it becomes quite obvious they need to crack down on what can and cannot be said/listed ect. For those that really cannot wait and just want to buy ANACS coins, you can still buy or sell them on ebay. You just cannot advertise them by their grade and the coins are basically considered raw, which as a buyer will probably get you a better price overall. Thats just my Two Cents on the issue. I think if theres anything we should be upset about its the fees they charge to sell something on ebay and how they also charge a percentage of the shipping fee as well |
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Valued Member
United States
404 Posts |
How can you blame John Albanese? ebay went to him for advice. If they take his word as gold, that's on ebay, not him. For all you know, he may have told ebay that ANACS and ICG are reputable companies, but until you can verify certs online, they should be excluded. If you only talk to 1 professional and base your decisions from what they say, that's your own fault, not the "professionals". I'm in agreement with ebay on this one, AS OF NOW. If ANACS and ICG make moves to be able to verify certs online and still ebay will not take them a reputable dealer, then I call shenanigans. |
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Moderator
 United States
189969 Posts |
We have two of these threads going on at once. In an effort to keep the relevant conversation together, I would like everyone to continue discussion in the slightly older topic here... https://goccf.com/t/116778 |
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Replies: 20 / Views: 3,997 |
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First Page
Posted 04/18/2012 11:42 am
