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The Chip Board Archive 17

eBay Introduces New Coin Grade Policies

On September 17, 2007 eBay officially introduced new policies restricting the listing of raw and certified coins. Under this new eBay policy, coins being listed by a seller that has not been certified and encapsulated by either Professional Coin Grading Service, ANACS, Independent Coin Grading, Numismatic Guaranty Corporation of America, or NGC affiliate Numismatic Conservation Services are considered “raw” coins and subject to a different set of listing criteria than may be used for coins graded and encapsulated by one of these sanctioned coin grading services.

Under these new eBay listing changes, certified coins authenticated, graded, and encapsulated by one of the approved grading services must be identified by the appropriate grading attributes for each listing within the Sell Your Item form, including the grading company, grade and unique serial number. The listing must be accompanied by images of the obverse and reverse of the coin in the holder with the full holder showing.

Also under the new eBay policies, if the coin listed is not certified by one of the authorized grading companies, the coin is considered raw or uncertified and is subject to additional requirements for their sale. The new eBay policy defines a raw or uncertified coin as any coin not graded by one of the authorized grading companies.

Full Article: http://www.bellaonline.com/articles/art53189.asp

Part of the above is because of the people who started their own grading services and then sold their overgraded, over priced coins (that they graded them self) on eBay. Because of unscrupulous encasing companies. Because, grading has been sold out.

Now eBay has responded with only approved grading services allowed.

Once again, grading and slabbing infests the coin hobby. Hopefully every time one more of these problems comes to a head, someone who wants grading and slabbed chips, will re-consider their opinion, in light of all the problems it causes.

Messages In This Thread

eBay Introduces New Coin Grade Policies
Re: eBay Introduces New Coin Grade Policies
Re: eBay Introduces New Coin Grade Policies
I think it's a good idea
Re: eBay Introduces New Coin Grade Policies
Re: eBay Introduces New Coin Grade Policies
Re: Pete, it' not just slabbing
Re: Pete, it' not just slabbing
Re: Glenn, it' not just slabbing

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