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 Replies: 87 / Views: 19,704 |
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Pillar of the Community
United States
642 Posts |
I just got an email from ebay informing me that ebay will only be accepting coins marked a certain grade if by PCGS or NGC starting May 30. All others slabbed or not will be considered raw. Although this doesn't make a lot of difference for my own collection, I'm wondering what everyone's thoughts are? Has ICG gone down in quality of grading? Edited by rjkingston
04/17/2012 8:16 pm
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Pillar of the Community
United States
7822 Posts |
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Moderator
 United States
16653 Posts |
I just read it too. ANACS is considered raw too :o What happened to ebay? I suspect PCGS and NGC have much deeper pockets than all others and ebay is getting a nice cut from them...who knows. swcoin.ecrater.com
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Pillar of the Community
United States
2150 Posts |
I can't believe ANACS will be considered raw. That is crazy!
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Valued Member
United States
309 Posts |
What does this mean exactly? Does this mean if I do a search for graded coins, then those other than NGC or PCGS will not show up? Will salers who have a coin listed as "graded by ICG" have to take it down? Why should any of us care what ebay considers certain quality? |
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Moderator
United States
16653 Posts |
SEGS was extremely upset when ebay didn't pick them last time around. Wonder how ANACS will react? swcoin.ecrater.com
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Pillar of the Community
United States
2150 Posts |
I just read that also any coin listed in the U.S. Coin section with a starting price, buy it now or reserve price of $2500 or more can't be sold raw.
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Pillar of the Community
United States
3276 Posts |
I just got the email too. That's silly. You can't list a coin as "buy it now" unless it is slabbed by NGC or PCGS? Wow.
The $2,500 rule is not too bad, I understand why they do it. They probably get many many reports from people buying fake key date coins. To avoid this they want expensive coins to be guaranteed authentic. But still...
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Rest in Peace
United States
10625 Posts |
It sounds like PCGS and NGC are making a run at market domination. Think about it, there are only a set (dwindling) number of raw coins that are worthy of TPG grading with the exception of continuing modern issues including the bullion coin farce. They want to make sure there is enough to go around for both of them only. Oh, and people will look to cross over to a recognized TPG company. More business. The conspiracy theory side of my brain just kicked in again..  Edited by dave700x
04/17/2012 7:55 pm
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Valued Member
United States
265 Posts |
I noted several weeks ago that ICG was not listed when I was doing specific searches. ICG has always been one of my favorites. Since I collect Morgans and Peace dollars, I have always found them to be conservative and consistent.Ialso can't believe that ANACS was not included. I don't know what to make of this. |
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Pillar of the Community
United States
745 Posts |
So how will this work on May 30.... if I am selling a F12 ANACS graded 1932 coin, I just cannot say it is a F12 ?  I List as '1932 quarter in ANACS slab' but the photo will show F12 on ANACS slab label...  Kind of sounds like ebay is getting Kick-Backs  from PCGS or NGC  Edited by Penny4Me
04/17/2012 8:03 pm
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Pillar of the Community
United States
3276 Posts |
You can probably say "1932 ANACS Fine" or something like that. I tried selling a raw coin once and had it titled AU53, but my listing got canceled by ebay. I had to relist it and just say "AU". I think that is how IGC and ANACS will now be treated :/ But hey, maybe on the buying side, we may get better deals on some igc and anacs coins? |
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Pillar of the Community
United States
4132 Posts |
The only slabbed coin I've ever returned was an ANACS that I thought was grossly over-graded (said AU50 on the slab, the coin looked like a dipped VF.) And I've passed over a few that I thought were also over-graded. But I don't know if that really constitutes a trend. I've also seen more than a few over-graded NGC coins. I don't have any ICG slabs, but the only knock I've heard against them is that they're not NGC or PCGS. They're certainly don't deserve to be tossed in with the basement slabbers.
For the variety collector, there often isn't any choice other than ANACS. And I think they're the only one that will slab identifiable dateless coins (e.g. a dateless 1916 SLQ).
Edited by CaptainFwiffo
04/17/2012 8:16 pm
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Pillar of the Community
 United States
642 Posts |
Not sure how ANACS slipped my mind, but they are no longer allowed either. The way it has worked in the past for non-accepted TPGs is if you put the grade AU50 or ANACS, ICG in searchable part of the title, the auction will be removed.
Edited by rjkingston
04/17/2012 8:28 pm
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Pillar of the Community
United States
1388 Posts |
 ... ANACS got the marketing shaft on this one... 
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Moderator
United States
16653 Posts |
ebay is going to screw themselves on this. Very bad decision not to allow ANACS. Yep, I suspect everything has a price. I can see PCGS buying out ANACS, then NGC and PCGS working some deal out....WOW! Never thought it would come to this....if I'm right. I rarely sell any coin on ebay over $2500 raw or certified so, not too worried about that but what's next?
swcoin.ecrater.com
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Replies: 87 / Views: 19,704 |
Posted 04/17/2012 6:46 pm
