Ebay Now Offers Authenticity With Guarantee, Good Or Bad?

Bad idea , They can't even monitor the junk and fakes that's on there now and you think they can authenticate with a guarantee that the coin listed is genuine .

By selling raw items that are even more likely to be crap?




Two out of three is not bad. Unless you meant to say uncertified then 3/3 it is.

Can't say I'm a fan. How " professional" are these authenticators and how many counterfeits, fakes, etc. will slip through the cracks. And when they do, who's side will ebay be taking in case of a return? More likely to side with the seller since it was " professionally authenticated" and now it's your word against the seller AND ebay.

I read with interest the announcement of the new ebay policy for authentication of certain items sold on ebay. I am unaware of whether or not it applies to coins, but I certainly hope not.

Like it or not there are LEGAL to own Counterfeit coins. That is a fact beyond dispute.

Many of these non-genuine coins are very valuable.

These contemporaneous issues are NOT a threat to Numismatics, they are part of history.




Notice the wording - if they suspect an item is counterfeit it will be confiscated. Imagine that. They could steal a legal to own collectible counterfeit worth hundreds or thousands. Where is the recourse?

Just today I saw on ebay a contemporary counterfeit coin posted by an unsuspecting dealer willing to "Guarantee Authenticity". That dealer might use the new Policy and that coin ends up where? Who keeps it?

We should all protest to ebay and ask that coins be EXEMPT.

While the proposed plan would likely work, I definitely am not a fan of points 1 and 2!

We have to remember that slabbed coins are only one way people like to collect cons. I have been collecting since 1968 and the very first slabbed coin I got was after I joined CCF in 2011. Until the companies emply a verifiable and consistent grading system/product, I do not care to patronize them. The one exception would be to play their game when selling an expensive coin so as to enlarge the potential market of collectors who would be otherwise uninterested b/c they don't collect raw coins.

Point 1 means legit sellers who do not care for slabs, but desire to sell on ebay, have to pay ANACs money b/c some irresponsible buyers are not concerned enough about their own money to educate themselves?!

Point 1 means buyer's taking responsibility for their own actions/money goes out the window at the expense of some legit sellers.

Non-slab-collecting sellers would pay ebay fees, Paypal fees, and now an ANACs membership fee as well?

Non-slab-collecting sellers also would be forced to deal with slabbed coins until a certain verification level was reached.

The slabbing companies would love this fix!

Do I have a better solution? Nope.

I HATE ebay fraud. I HATE people are taken advantage of. But I also HATE the idea of making some legit coin sellers have to pay more money to use the same service.

@swamperbob, they already contract out to thieves through their global shipping initiative, why not here as well!?!

To clarify the above, the company they use tends to make use of the very worst available courier, who then inevitably never is able to deliver the item (as they never really try, just leave calling cards), before moving the item to a distribution center wwwaaaayyyy out of the city. When people who work full time are then not able to go in a 'timely' 72 hour weekdays between 10-16 only manner, the company takes possession of the 'abandoned' goods and auctions them for their further profit.

Another way that they effectively thieve from buyers outside of the USA is by pre-preemptively collecting 'import duty' at some absurd rate (here in Poland, nearly 2x what I would gladly pay the government... when I was in the UK, I think it was around 1.5x), and then do not pay that on to the relevant authority, meaning that the buyer then has to pay the actual duty.

I have, across 3 countries, tried buying things through the global shipping program 3 or 4 times, and every time, it goes as above. I simply avoid sellers who use it now.

This is all to say, this 'authentication program' will only end up being another poorly executed, unscrupulous money grab, of this, I am certain. I mean, as per above, there is a precedent...

Yeah, I misread the statement and interpreted it as "are only allowed to sell certified coins [after or when] you reach a decent feed back rating."