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New Ebay Coin Rules Effective 09/17/2007

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Forum Dad
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bobby131313's Avatar
United States
24170 Posts
 Posted 09/18/2007  11:46 am Show Profile   Bookmark this topic Add bobby131313 to your friends list Get a Link to this Message Number of Subscribers
Certified Coins

When listing a certified coin, the coin must be certified by one of the following authorized grading companies:

  • Numismatic Guaranty Corporation (NGC)

  • Numismatic Conservation Services (NCS)

  • Professional Coin Grading Service (PCGS)

  • Independent Coin Grading (ICG)

  • ANACS


In addition, listings for certified coins:

  • Must be assigned the appropriate grading attributes in each listing. Sellers must select the appropriate grading attributes within the Sell Your Item form, including "Grading Company," "Grade" and "Serial Number" provided with that grading.

  • The listing must include an image of the item, showing the coin in its graded holder, front and back.


If the coin listed is not certified by one of the above authorized grading companies, the coin is considered raw/uncertified and is subject to additional requirements for their sale.

Raw and Uncertified Coins

A raw or uncertified coin is defined as any coin not graded by one of the authorized grading companies. Sellers are permitted to list these items on ebay under the following conditions:

  • A numeric grade is not included in the title of the listing, such as MS-65, VF-25, etc. A numeric grade may only be included in the description of the listing.

  • The grading company or price guide is not referenced in the title or description.

  • A dollar value (even if personal opinion) is not included in the title or description.


New Rules
Forum Dad
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bobby131313's Avatar
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 Posted 09/18/2007  11:51 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
These new rules are awesome.

Here's the report link.
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ChristinaM's Avatar
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547 Posts
 Posted 09/18/2007  11:53 am  Show Profile   Bookmark this reply Add ChristinaM to your friends list Get a Link to this Reply
There is a god!
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jcook54's Avatar
United States
533 Posts
 Posted 09/18/2007  12:05 pm  Show Profile   Bookmark this reply Add jcook54 to your friends list Get a Link to this Reply
This seems like a great move. I'm just surprised it took so long. I am not usually in support of more regulations but with ebay it got kind of ridiculous when it came to coins. Good job!
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SeatedNut's Avatar
United States
2797 Posts
 Posted 09/18/2007  12:09 pm  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
First let me say ... and conclude with ...
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/18/2007  12:49 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Holy cow. That is a HUGE step in the right direction.
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bobby131313's Avatar
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 Posted 09/18/2007  1:09 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
quote:
That is a HUGE step in the right direction.


For sure, but there's one more huge step that hasn't been made yet. Enforcement.

Aboncom listed a whole bunch today and blatantly ignored the new rules.
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Susanlynn9's Avatar
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5877 Posts
 Posted 09/18/2007  1:15 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply


I am so happy that they are finally doing something!! The idea that SGS grades could still be listed numerically in the titles because they were "certified" coins really had me angry.
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Metalman's Avatar
United States
7123 Posts
 Posted 09/18/2007  1:26 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
So all of the basement slabs end up in the Raw /uncertified listings ,, they will still be there and available !

It will be interesting to see what if any diffence the rules make ,, other than taking a few key search words away from them in the titles.

Time will tell !

Metalman
New Member
United States
49 Posts
 Posted 09/18/2007  1:47 pm  Show Profile   Bookmark this reply Add MorePower to your friends list Get a Link to this Reply
so is anyone besides me going to be reporting the aboncom listings?
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Metalman's Avatar
United States
7123 Posts
 Posted 09/18/2007  1:56 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Only if He does not change to be in compliance with the new rules .

He can still sell the basement slabs , He can still show the coins in the slabs ,, and He can still put a grade on them in the description .

They will just be in the uncertified listings .

Metalman
Locked
822 Posts
 Posted 09/18/2007  2:26 pm  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply
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All reported already.

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SsuperDdave's Avatar
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 Posted 09/18/2007  2:30 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
The idea that SGS grades could still be listed numerically in the titles because they were "certified" coins really had me angry.


For the moment, that hasn't changed. I've reported them; we'll see what happens.
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Mike's Avatar
United States
2884 Posts
 Posted 09/18/2007  2:43 pm  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
It sounds like a step in the right direction. It does not directly address the out and out "fraudsters" who sell coins on ebay. What about currency grading companies? I say PCI, SEGS and NTC will be filing lawsuits claiming they are legitimate companies, not self slabbers who sell through one or two sellers. We shall see....Mike
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Rigoletto's Avatar
United States
287 Posts
 Posted 09/18/2007  10:00 pm  Show Profile   Bookmark this reply Add Rigoletto to your friends list Get a Link to this Reply
I think PCI and SEGS should file lawsuits. I like their coins most of the time. I don't care for NTC though. I am glad the rest will get the boot though. If I ever sell my PCI or SEGS stuff I will break the rules. If they remove my listing ebay just won't get paid. They don't have my credit card number. LOL
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Jamez's Avatar
United States
750 Posts
 Posted 09/18/2007  10:08 pm  Show Profile   Bookmark this reply Add Jamez to your friends list Get a Link to this Reply
I to am surprised that PCI was not included.
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