Anyone else find ebay's....
derryb
Posts: 36,792 ✭✭✭✭✭
email on upcoming policy changes to be easily understood, or is it just me?
Starting May 30, all new listings and relistings in coin categories will need to meet the following requirements:
• First, listings for coins will be allowed to include a numeric grade in their listing title or item description only if the coin grading company meets certain objective standards.* Coins that haven't been graded by these companies will be considered raw or ungraded. Currently, eBay has determined that only the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) meet these standards.
• Second, for US Coins only, grading by companies meeting these standards will now be required for all coins listed with a Buy It Now, reserve, or start price of $2,500 and above.
Starting May 30, all new listings and relistings in coin categories will need to meet the following requirements:
• First, listings for coins will be allowed to include a numeric grade in their listing title or item description only if the coin grading company meets certain objective standards.* Coins that haven't been graded by these companies will be considered raw or ungraded. Currently, eBay has determined that only the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) meet these standards.
• Second, for US Coins only, grading by companies meeting these standards will now be required for all coins listed with a Buy It Now, reserve, or start price of $2,500 and above.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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Comments
So:
1st. No grading in the listing unless the coin is in NGC or PCGS slab
2nd. No raw (or slabbed by other grading companies) US Coins with BIN, Reserve or Start price over $2500 (included).
How did I do?!
From what I understand, this rule does not apply to bullion coins ... Now all we need is for gold to hit $2500.
<< <i>The start price can't be BELOW $2500 if it's a PCGS or NGC U.S. coin? Am I reading that correctly? I can't sell a PCGS/NGC coin for less than $2500?
You can't sell non-PCGS/NGC coins for more than $2500 unless the auction start below that.
<< <i>I am English impaired, so it took me a while (and not sure I got it completely).
So:
1st. No grading in the listing unless the coin is in NGC or PCGS slab
2nd. No raw (or slabbed by other grading companies) US Coins with BIN, Reserve or Start price over $2500 (included).
How did I do?! >>
Citizenship!
Wow-we! So this coin is worth only up to $2500 in eBays eyes just because it's in an ANACS holder?
That's about as manipulated as the silver market.
This will only make China ramp up production on the fraudulent PCGS & NGC holders. I don't like it at all.
<< <i>You can't sell non-PCGS/NGC coins for more than $2500 unless the auction start below that.
Wow-we! So this coin is worth only up to $2500 in eBays eyes just because it's in an ANACS holder?
That's about as manipulated as the silver market.
This will only make China ramp up production on the fraudulent PCGS & NGC holders. I don't like it at all. >>
Ebay is not saying what any coin is worth. They are establishing stricter listing rules for coins that get listed in BINs for $2500 or more.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Or this Coin looks like it may grade in the ms63/64 range or any such refrences?