eBay haters: "eBay sucks! They don't do anything about counterfeits!"
eBay: Enacts a policy to help eliminate counterfeits.
eBay haters: "eBay sucks! They're doing something about counterfeits!"
@Desert Moon said:
Er, yes there is, on ebay one has to buy the item first from a seller who listed the item, then it is sent to an alleged authenticator (whomever that could be). So there is a big delay as it is shipped somewhere else and it WILL drive up fees for Sellers and slow down the times the buyer receives the item. And clearly there seems to be a need for this on ebay because there apparently is so much fraud to warrant the program. HA, SB, DLRC, GC, etc., they pre-screen the items and there is not multiple mailings to authenticate after the auction sale. And they have already baked in the cost of the pre-screen. So ebay will ultimately have to bring up prices for coin sales to sellers with this program.
And if I consign to FeeC, they will send it for slab and/or CAC which will create a delay and increase costs for the consignor and GC.
Apparently there is so much fraud in the coin market in general, that everyone feels the need to slab everything. And the slabs are so inconsistent that they need to also sticker everything.
I applaud ebay for trying to create a better buying environment. And I don't mind HA, SB, or FeeC curating their consignments either, which is why i buy/sell with them also.
You are free to continue your irrational hatred of all things ebay. Even when they are trying to help their buyers feel more secure and weed out fraud.
Carry on.
P.S. eBay could increase their fees and still be cheaper than FeeC, HA, etc
All comments reflect the opinion of the author, even when irrefutably accurate.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
All comments reflect the opinion of the author, even when irrefutably accurate.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
I would want to hear from some of the card people who also do coins. However, do cards have something like toning or prooflike surfaces that can be manipulated on a photo? Are we talking about someone exaggerating a hologram or adding color to a card? If so, I wonder how prevalent that is compared to juicing coin photos.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
I would want to hear from some of the card people who also do coins. However, do cards have something like toning or prooflike surfaces that can be manipulated on a photo? Are we talking about someone exaggerating a hologram or adding color to a card? If so, I wonder how prevalent that is compared to juicing coin photos.
Yes. Color of the paper, faded coloring of the image, and glossiness of the card.
All comments reflect the opinion of the author, even when irrefutably accurate.
@FredS said:
This is the the part I am not buying. That PCGS will turn the coins around in a day or two?
Current turnaround times: Walkthrough service is a week, ($150 per coin) and Express is a month, ($70 per coin) Even though they are not grading these eBay items, how in the world will they authenticate/get out the door in a day or two? One week to get there, who knows how long PCGS will keep them, and another week back to the buyer. (One month total time would not surprise me at all) I hope I am wrong, but this sure feels like it is going to be a mess.
From eBay:
**What is the estimated delivery time for Authenticity Guarantee items?
**
The authenticator will inspect the item within one to two business days after receiving it. Once authenticated, it will be shipped directly to the buyer with four-day or less tracked delivery.
So I replied to this earlier this afternoon, but somehow my post was flagged and it said it would be posted after it was reviewed. I'm not sure what caused it to be flagged for review -- I simply outlined the time it took for my most recent purchase to the time it was Authenticated, and also to when it hit my PSA Vault (I shipped it to the Vault instead of my home).
Basically, my experience as a Buyer and Seller -- once the item was delivered to the Authenticator, they were able to authenticate it within 2 business days -- and most of the time it was the next business day.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
I would want to hear from some of the card people who also do coins. However, do cards have something like toning or prooflike surfaces that can be manipulated on a photo? Are we talking about someone exaggerating a hologram or adding color to a card? If so, I wonder how prevalent that is compared to juicing coin photos.
I would say that coins overall are more nuanced in appearance than cards with greater breakdowns in grading scale (10 point scale vs 70-point scale) and toning being another factor not typically relevant or found with cards. That said, the authenticators are primarily checking to make sure the card is not altered or counterfeit but I have heard of buyers having the option to cancel the sale due to incorrect or inaccurate attributes in the listing with regard to classification of the card so as a seller I would try and ensure that the listing description and the photos reasonably match the item in hand.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
I would want to hear from some of the card people who also do coins. However, do cards have something like toning or prooflike surfaces that can be manipulated on a photo? Are we talking about someone exaggerating a hologram or adding color to a card? If so, I wonder how prevalent that is compared to juicing coin photos.
I would say that coins overall are more nuanced in appearance than cards with greater breakdowns in grading scale (10 point scale vs 70-point scale) and toning being another factor not typically relevant or found with cards. That said, the authenticators are primarily checking to make sure the card is not altered or counterfeit but I have heard of buyers having the option to cancel the sale due to incorrect or inaccurate attributes in the listing with regard to classification of the card so as a seller I would try and ensure that the listing description and the photos reasonably match the item in hand.
Which sounds like a good thing...
All comments reflect the opinion of the author, even when irrefutably accurate.
@FredS said:
This is the the part I am not buying. That PCGS will turn the coins around in a day or two?
Current turnaround times: Walkthrough service is a week, ($150 per coin) and Express is a month, ($70 per coin) Even though they are not grading these eBay items, how in the world will they authenticate/get out the door in a day or two? One week to get there, who knows how long PCGS will keep them, and another week back to the buyer. (One month total time would not surprise me at all) I hope I am wrong, but this sure feels like it is going to be a mess.
From eBay:
**What is the estimated delivery time for Authenticity Guarantee items?
**
The authenticator will inspect the item within one to two business days after receiving it. Once authenticated, it will be shipped directly to the buyer with four-day or less tracked delivery.
So I replied to this earlier this afternoon, but somehow my post was flagged and it said it would be posted after it was reviewed. I'm not sure what caused it to be flagged for review -- I simply outlined the time it took for my most recent purchase to the time it was Authenticated, and also to when it hit my PSA Vault (I shipped it to the Vault instead of my home).
Basically, my experience as a Buyer and Seller -- once the item was delivered to the Authenticator, they were able to authenticate it within 2 business days -- and most of the time it was the next business day.
What you described about your post being flagged is actually a forum glitch. And as far as I know, the post won’t be reviewed or posted.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Desert Moon said:
Er, yes there is, on ebay one has to buy the item first from a seller who listed the item, then it is sent to an alleged authenticator (whomever that could be). So there is a big delay as it is shipped somewhere else and it WILL drive up fees for Sellers and slow down the times the buyer receives the item. And clearly there seems to be a need for this on ebay because there apparently is so much fraud to warrant the program. HA, SB, DLRC, GC, etc., they pre-screen the items and there is not multiple mailings to authenticate after the auction sale. And they have already baked in the cost of the pre-screen. So ebay will ultimately have to bring up prices for coin sales to sellers with this program.
And if I consign to FeeC, they will send it for slab and/or CAC which will create a delay and increase costs for the consignor and GC.
Apparently there is so much fraud in the coin market in general, that everyone feels the need to slab everything. And the slabs are so inconsistent that they need to also sticker everything.
I applaud ebay for trying to create a better buying environment. And I don't mind HA, SB, or FeeC curating their consignments either, which is why i buy/sell with them also.
You are free to continue your irrational hatred of all things ebay. Even when they are trying to help their buyers feel more secure and weed out fraud.
Carry on.
P.S. eBay could increase their fees and still be cheaper than FeeC, HA, etc
Some will split hairs to support feepay against all reason. I just looked up feepay fees to refresh my memory. If one owns a feepay store, final value fees are 9% up to $4K. And, one pays for a store subscription monthly, and pays fees on shipping costs, so fees are in reality higher than 9%. And one has to deal with the rules the feepay overlords dole out, and the security issues and risk of selling on feepay. So in reality, there is not much difference for costs of selling on GC vs feepay for many coins, and one does not have the complications of the feepay overlord rules selling on just a about any other venue. And mostly poor quality images vs great photos so on feepay you might have a surprise when the coin arrives.
So which ever one wants to do, do it, but those who are devout feepay desciples, should realize there are other viable options for selling coins. And, they don't come with a 2nd review of what one sells. Like feepay, which will delay buyers getting their coins and ultimately will raise the costs of sellers, both, are unavoidable and just diminishes the appeal of buying and selling on feepay.
@PerryHall said:
They don't grade raw coins. What happens if a coin is determined to be authentic, but it has been cleaned, tooled, repaired, ATed, whizzed, etc and these defects were not included in the description of the coin in the eBay listing? Is the coin returnable even though it has been authenticated by eBay?
Not to mention, what if the authenticator thinks it does not match the photo? If the color is not quite as bright, because of the lighting? What if I still wanted that coin, in spite of that? Photos do not always tell the whole story, and I am OK with that. I don't want someone else deciding if I want the coin! The whole thing seems silly, and I don't care if it works on cards, I collect COINS, not cards.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
I would want to hear from some of the card people who also do coins. However, do cards have something like toning or prooflike surfaces that can be manipulated on a photo? Are we talking about someone exaggerating a hologram or adding color to a card? If so, I wonder how prevalent that is compared to juicing coin photos.
I would say that coins overall are more nuanced in appearance than cards with greater breakdowns in grading scale (10 point scale vs 70-point scale) and toning being another factor not typically relevant or found with cards. That said, the authenticators are primarily checking to make sure the card is not altered or counterfeit but I have heard of buyers having the option to cancel the sale due to incorrect or inaccurate attributes in the listing with regard to classification of the card so as a seller I would try and ensure that the listing description and the photos reasonably match the item in hand.
Which sounds like a good thing...
I agree that it sounds mostly positive. It might help if the authenticator report was sent to the buyer in the limited cases where it is a toss-up decision and the buyer could make the final call to keep or reject the coin instead of having the authenticator reject it.
@Desert Moon said:
Er, yes there is, on ebay one has to buy the item first from a seller who listed the item, then it is sent to an alleged authenticator (whomever that could be). So there is a big delay as it is shipped somewhere else and it WILL drive up fees for Sellers and slow down the times the buyer receives the item. And clearly there seems to be a need for this on ebay because there apparently is so much fraud to warrant the program. HA, SB, DLRC, GC, etc., they pre-screen the items and there is not multiple mailings to authenticate after the auction sale. And they have already baked in the cost of the pre-screen. So ebay will ultimately have to bring up prices for coin sales to sellers with this program.
And if I consign to FeeC, they will send it for slab and/or CAC which will create a delay and increase costs for the consignor and GC.
Apparently there is so much fraud in the coin market in general, that everyone feels the need to slab everything. And the slabs are so inconsistent that they need to also sticker everything.
I applaud ebay for trying to create a better buying environment. And I don't mind HA, SB, or FeeC curating their consignments either, which is why i buy/sell with them also.
You are free to continue your irrational hatred of all things ebay. Even when they are trying to help their buyers feel more secure and weed out fraud.
Carry on.
P.S. eBay could increase their fees and still be cheaper than FeeC, HA, etc
Some will split hairs to support feepay against all reason. I just looked up feepay fees to refresh my memory. If one owns a feepay store, final value fees are 9% up to $4K. And, one pays for a store subscription monthly, and pays fees on shipping costs, so fees are in reality higher than 9%. And one has to deal with the rules the feepay overlords dole out, and the security issues and risk of selling on feepay. So in reality, there is not much difference for costs of selling on GC vs feepay for many coins, and one does not have the complications of the feepay overlord rules selling on just a about any other venue. And mostly poor quality images vs great photos so on feepay you might have a surprise when the coin arrives.
So which ever one wants to do, do it, but those who are devout feepay desciples, should realize there are other viable options for selling coins. And, they don't come with a 2nd review of what one sells. Like feepay, which will delay buyers getting their coins and ultimately will raise the costs of sellers, both, are unavoidable and just diminishes the appeal of buying and selling on feepay.
TRS discount is 10%.
And coins under $1000 are 20+% in fees on FeeC (10 BP and 10 Seller's Premium+ setup fee)
Yes, there are other options. And for most of the options, the fees are secondary. For example, you want to sell tokens, pay the 30% at SB not the 20% at FeeC.
I have sold on a private website, on Amazon, on eBay, at Heritage and Stacks, at coin shows, on consignment to a dealer, and wholesale to a dealer network. I'm well aware there are multiple venues and I have not suggested that ANY of them don't work. All I've ever asked is that you be honest about the fees because this all started when you told me you couldn't make your margins on eBay BECAUSE OF THE FEES, but that you sold on FeeC that is never cheaper. But, of course, that was a different thread.
Thank you for finally be honest about the fees.
All comments reflect the opinion of the author, even when irrefutably accurate.
I stopped selling coins on eBay a few years ago due to a few buyer shenanigans. I'm excited to watch as this program matures for coins, and I'm looking forward to selling coins again on eBay.
I think they should do it for only coins under $100. That's where 95% of all the fakes are. Besides, many over that point are already certified. Why is this a thing for certified coins?
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This will hopefully put pressure on sellers to pay for certification on the more expensive coins where grading is critical. Companies such as "great southern" will have their customers wait longer, too bad, if the ebay authenticators are going to guarantee authenticity they won't also identify problem coins.
If you sell semi-numismatic gold coins in the bullion category I hope they won't send those to authentication.
@DesertCoin said:
I think they should do it for only coins under $100. That's where 95% of all the fakes are. Besides, many over that point are already certified. Why is this a thing for certified coins?
Interesting; this seller had an obvious counterfeit listed for $1000. I messaged him it is a counterfeit and it should be determined as such through the new guarantee process. He agreed and ended it. Maybe a self-policing effect...
@logger7 said:
No one of sound mind or any awareness is buying expensive fakes.
Unfortunately, there are many who do. This program is a step in the right direction to clean things up.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@DesertCoin said:
I think they should do it for only coins under $100. That's where 95% of all the fakes are. Besides, many over that point are already certified. Why is this a thing for certified coins?
eBay is paying for it. The eBay fees for $100 coin are under $10, it wouldn't pay them to do it. The eBay fees for $500 coins is more like $50 so eBay can pay for it.
And there are numerous fake slab coins.
All comments reflect the opinion of the author, even when irrefutably accurate.
@TomB said:
I suspect there will be lots of one ounce "gold" coins sold for $499 on ebay in the near future.
Even over $500 it's sill largely buyer beware for gold as the authenticity program doesn't apply to the bullion category.
Might I suggest that when buying bullion gold, that it be in the form of a coin. If it has a denomination, from what I read, it will be considered a coin and qualify for the authentication. Correct me if I'm wrong. I would like to see them cover bars of silver and gold, no matter the value. Easy scam item it seems.
bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
@TomB said:
I suspect there will be lots of one ounce "gold" coins sold for $499 on ebay in the near future.
Even over $500 it's sill largely buyer beware for gold as the authenticity program doesn't apply to the bullion category.
Might I suggest that when buying bullion gold, that it be in the form of a coin. If it has a denomination, from what I read, it will be considered a coin and qualify for the authentication. Correct me if I'm wrong. I would like to see them cover bars of silver and gold, no matter the value. Easy scam item it seems.
bob
EBay allows coins to be listed in the bullion category, so I'm not sure it's automatically one or the other.
Edited to add: I looked it up. Coins can be bullion.
@logger7 said:
This will hopefully put pressure on sellers to pay for certification on the more expensive coins where grading is critical.
If you think grading is critical, don't buy raw coins.
Problem solved.
Actually, I think it will discourage sellers from paying for certification. Why should I invest the money up front if eBay will basically guarantee the grade for me at THEIR expense. Why would I care if it takes a few days longer to reach the buyer? If I send it in for grading, it will take multiple weeks before I can even try to sell it.
All comments reflect the opinion of the author, even when irrefutably accurate.
I sell about 35 coins a month on ebay......when a coin has a pcgs holder and cac sticker whats the point? ebay is going to start charging sellers for this service after they get us trained......seems like overkill on certain coins...so every coin now over i list over $500 goes to this? i am not a fan.....
@oldslab said:
I sell about 35 coins a month on ebay......when a coin has a pcgs holder and cac sticker whats the point? ebay is going to start charging sellers for this service after they get us trained......seems like overkill on certain coins...so every coin now over i list over $500 goes to this? i am not a fan.....
The way I look at it -- you have to ship the coin no matter what. So as a SELLER, what is the difference between shipping to the buyer, or shipping to the Authenticity Program? Of course the Buyer might get the coin a few days later. But as the Seller, I personally don't care they get it a few days later, and the buyer can feel comfortable knowing what they ordered is the real deal. The bonus to me is I ship it to the Authenticity address, they confirm it's what I sold, and I am done with the transaction. I get paid, and do NOT have to worry about the buyer claiming any BS about what I shipped, or they never received the package because the Postman decided not to get the signature when you ship with Signature required.
@Dave99B said:
How long before eBay increases their fees as a result of this ‘free service’? 🤔
Dave
Hasn't happened with cards and that program has been around for several years now.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@oldslab said:
I sell about 35 coins a month on ebay......when a coin has a pcgs holder and cac sticker whats the point? ebay is going to start charging sellers for this service after they get us trained......seems like overkill on certain coins...so every coin now over i list over $500 goes to this? i am not a fan.....
There are counterfeit holders out there, too, unfortunately.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@Dave99B said:
How long before eBay increases their fees as a result of this ‘free service’? 🤔
Dave
Fair question and I have no idea on whether they will increase fees for the Coins Authenticity Program.
However, when they introduced the Authenticity Guarantee for trading cards a few years ago, this was one of the questions being asked (fees going up, or needing to pay extra for the Authenticity Guarantee program).
So far, I have not seen any fees for the service -- and the service actually improved when they added the option to "Vault" the eligible purchases, and also to grade raw cards through the service.
@oldslab said:
I sell about 35 coins a month on ebay......when a coin has a pcgs holder and cac sticker whats the point? ebay is going to start charging sellers for this service after they get us trained......seems like overkill on certain coins...so every coin now over i list over $500 goes to this? i am not a fan.....
And if the coin is a fake slab and fake sticker?
It's for buyer security.
All comments reflect the opinion of the author, even when irrefutably accurate.
@TomB said:
I suspect there will be lots of one ounce "gold" coins sold for $499 on ebay in the near future.
And anyone who buys one deserves what they get
I've been saying something similar to this for a long time. One who doesn't want to take the time and effort to educate oneself about counterfeits, alterations and, the fairly obvious-to-most-observers, scams then that's one who kind of deserves to be taken.
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
“Find out who you are and do it on purpose.”
“Don’t get so busy making a living that you forget to make a life.”
“We cannot direct the wind, but we can adjust the sails.”
“Dream more, learn more, care more, and be more.”
Parton’s quotes often blend humor, humility, and practical wisdom, reflecting her life journey from rural Tennessee to global stardom. They remind us to embrace challenges, nurture relationships, and live with purpose and joy.
They might save themselves some trouble and some money if they started listening to reports of fakes on ebay instead of just automatically dismissing the reports. I watch 1922 and 1922-D cents for anything that might be new to my book on 1922 cents, and just yesterday I saw two die-struck fakes and three removed mint mark coins.
TD
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
@Dave99B said:
How long before eBay increases their fees as a result of this ‘free service’? 🤔
Dave
This service may actually save eBay money by eliminating chargebacks by buyers who have been scammed by dishonest sellers.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Dave99B said:
How long before eBay increases their fees as a result of this ‘free service’? 🤔
Dave
This service may actually save eBay money by eliminating chargebacks by buyers who have been scammed by dishonest sellers.
Not only that, it may also save eBay money by eliminating chargebacks by dishonest buyers who are trying to scam sellers.
Totally agree. This program not only helps the sellers and buyer, but it also helps eBay's bottom line.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
ebay seller: "Can I choose which authenticator my coin goes to?"
ebay: "Not at this time."
me: "Sounds like a can of worms is in the making."
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
“Find out who you are and do it on purpose.”
“Don’t get so busy making a living that you forget to make a life.”
“We cannot direct the wind, but we can adjust the sails.”
“Dream more, learn more, care more, and be more.”
Parton’s quotes often blend humor, humility, and practical wisdom, reflecting her life journey from rural Tennessee to global stardom. They remind us to embrace challenges, nurture relationships, and live with purpose and joy.
@TomB said:
I suspect there will be lots of one ounce "gold" coins sold for $499 on ebay in the near future.
And anyone who buys one deserves what they get
I've been saying something similar to this for a long time. One who doesn't want to take the time and effort to educate oneself about counterfeits, alterations and, the fairly obvious-to-most-observers, scams then that's one who kind of deserves to be taken.
That's not what you said when I rescued you from the "whispering VDB"...
@TomB said:
I suspect there will be lots of one ounce "gold" coins sold for $499 on ebay in the near future.
And anyone who buys one deserves what they get
I've been saying something similar to this for a long time. One who doesn't want to take the time and effort to educate oneself about counterfeits, alterations and, the fairly obvious-to-most-observers, scams then that's one who kind of deserves to be taken.
That's not what you said when I rescued you from the "whispering VDB"...
"Whispering VDB" is a more poetic, more creative way of saying "faint VDB." "Faint" means "pass out" to me. There are 1909-S V.D.B. pennies with the whispering or, if you prefer, faint V.D.B. you know. Harsche discusses them in his landmark work, Detecting Altered Coins.
I was hoping you learned that when I was conducting my class here on 1909-S V.D.B. pennies.
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
“Find out who you are and do it on purpose.”
“Don’t get so busy making a living that you forget to make a life.”
“We cannot direct the wind, but we can adjust the sails.”
“Dream more, learn more, care more, and be more.”
Parton’s quotes often blend humor, humility, and practical wisdom, reflecting her life journey from rural Tennessee to global stardom. They remind us to embrace challenges, nurture relationships, and live with purpose and joy.
@TomB said:
I suspect there will be lots of one ounce "gold" coins sold for $499 on ebay in the near future.
And anyone who buys one deserves what they get
I've been saying something similar to this for a long time. One who doesn't want to take the time and effort to educate oneself about counterfeits, alterations and, the fairly obvious-to-most-observers, scams then that's one who kind of deserves to be taken.
That's not what you said when I rescued you from the "whispering VDB"...
The "whispering VDB" is a more poetic, more creative way of saying "faint VDB." "Faint" means "pass out" to me. There are 1909-S V.D.B. pennies with the whispering or, if you prefer, faint V.D.B. you know. Harsche discusses them in his landmark work, Detecting Altered Coins.
I was hoping you learned that when I was conducting my class here on 1909-S V.D.B. pennies.
Maybe one day, you'll learn a lesson from being rescued. If it weren't for me, you wouldn't have had the money to go to that concert.
Comments
eBay haters: "eBay sucks! They don't do anything about counterfeits!"
eBay: Enacts a policy to help eliminate counterfeits.
eBay haters: "eBay sucks! They're doing something about counterfeits!"
And if I consign to FeeC, they will send it for slab and/or CAC which will create a delay and increase costs for the consignor and GC.
Apparently there is so much fraud in the coin market in general, that everyone feels the need to slab everything. And the slabs are so inconsistent that they need to also sticker everything.
I applaud ebay for trying to create a better buying environment. And I don't mind HA, SB, or FeeC curating their consignments either, which is why i buy/sell with them also.
You are free to continue your irrational hatred of all things ebay. Even when they are trying to help their buyers feel more secure and weed out fraud.
Carry on.
P.S. eBay could increase their fees and still be cheaper than FeeC, HA, etc
All comments reflect the opinion of the author, even when irrefutably accurate.
The FAQs answer is copied below. I’m still not sure how they will interpret something like a toned Morgan where the photo is enhanced. Maybe it’s still a solid coin and the buyer wants it at the price but will the Authenticator reject it, thus canceling the sale?
What happens at the authenticator?
After the authentication facility receives the coin, the authenticator will first perform a multi-point inspection. For raw coins, this involves inspecting the coin and its overall condition to help verify that it is authentic and consistent with the listing description. For graded coins, this involves inspecting the certified holder for signs of tampering and verifying that the holder and label are authentic to the grader. Then they confirm the item is consistent with the listing title, photos, and listing description. Finally, the coin will be packaged with Authenticity Guarantee materials and sent to you.
I'm not sure. We should ask the card guys. They would have the same issue.
All comments reflect the opinion of the author, even when irrefutably accurate.
I would want to hear from some of the card people who also do coins. However, do cards have something like toning or prooflike surfaces that can be manipulated on a photo? Are we talking about someone exaggerating a hologram or adding color to a card? If so, I wonder how prevalent that is compared to juicing coin photos.
Yes. Color of the paper, faded coloring of the image, and glossiness of the card.
All comments reflect the opinion of the author, even when irrefutably accurate.
So I replied to this earlier this afternoon, but somehow my post was flagged and it said it would be posted after it was reviewed. I'm not sure what caused it to be flagged for review -- I simply outlined the time it took for my most recent purchase to the time it was Authenticated, and also to when it hit my PSA Vault (I shipped it to the Vault instead of my home).
Basically, my experience as a Buyer and Seller -- once the item was delivered to the Authenticator, they were able to authenticate it within 2 business days -- and most of the time it was the next business day.
I would say that coins overall are more nuanced in appearance than cards with greater breakdowns in grading scale (10 point scale vs 70-point scale) and toning being another factor not typically relevant or found with cards. That said, the authenticators are primarily checking to make sure the card is not altered or counterfeit but I have heard of buyers having the option to cancel the sale due to incorrect or inaccurate attributes in the listing with regard to classification of the card so as a seller I would try and ensure that the listing description and the photos reasonably match the item in hand.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Which sounds like a good thing...
All comments reflect the opinion of the author, even when irrefutably accurate.
I sure hope that it works.
What you described about your post being flagged is actually a forum glitch. And as far as I know, the post won’t be reviewed or posted.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Some will split hairs to support feepay against all reason. I just looked up feepay fees to refresh my memory. If one owns a feepay store, final value fees are 9% up to $4K. And, one pays for a store subscription monthly, and pays fees on shipping costs, so fees are in reality higher than 9%. And one has to deal with the rules the feepay overlords dole out, and the security issues and risk of selling on feepay. So in reality, there is not much difference for costs of selling on GC vs feepay for many coins, and one does not have the complications of the feepay overlord rules selling on just a about any other venue. And mostly poor quality images vs great photos so on feepay you might have a surprise when the coin arrives.
So which ever one wants to do, do it, but those who are devout feepay desciples, should realize there are other viable options for selling coins. And, they don't come with a 2nd review of what one sells. Like feepay, which will delay buyers getting their coins and ultimately will raise the costs of sellers, both, are unavoidable and just diminishes the appeal of buying and selling on feepay.
I agree that it sounds mostly positive. It might help if the authenticator report was sent to the buyer in the limited cases where it is a toss-up decision and the buyer could make the final call to keep or reject the coin instead of having the authenticator reject it.
TRS discount is 10%.
And coins under $1000 are 20+% in fees on FeeC (10 BP and 10 Seller's Premium+ setup fee)
Yes, there are other options. And for most of the options, the fees are secondary. For example, you want to sell tokens, pay the 30% at SB not the 20% at FeeC.
I have sold on a private website, on Amazon, on eBay, at Heritage and Stacks, at coin shows, on consignment to a dealer, and wholesale to a dealer network. I'm well aware there are multiple venues and I have not suggested that ANY of them don't work. All I've ever asked is that you be honest about the fees because this all started when you told me you couldn't make your margins on eBay BECAUSE OF THE FEES, but that you sold on FeeC that is never cheaper. But, of course, that was a different thread.
Thank you for finally be honest about the fees.
All comments reflect the opinion of the author, even when irrefutably accurate.
I stopped selling coins on eBay a few years ago due to a few buyer shenanigans. I'm excited to watch as this program matures for coins, and I'm looking forward to selling coins again on eBay.
I think they should do it for only coins under $100. That's where 95% of all the fakes are. Besides, many over that point are already certified. Why is this a thing for certified coins?
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This will hopefully put pressure on sellers to pay for certification on the more expensive coins where grading is critical. Companies such as "great southern" will have their customers wait longer, too bad, if the ebay authenticators are going to guarantee authenticity they won't also identify problem coins.
If you sell semi-numismatic gold coins in the bullion category I hope they won't send those to authentication.
Maybe because of things like these:
[https://ebay.com/itm/188718283213?
[https://ebay.com/itm/278303924330?
Interesting; this seller had an obvious counterfeit listed for $1000. I messaged him it is a counterfeit and it should be determined as such through the new guarantee process. He agreed and ended it. Maybe a self-policing effect...
Not many people doing significant business, knowing how to look up values or having real awareness is buying expensive fakes.
Unfortunately, there are many who do. This program is a step in the right direction to clean things up.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
eBay is paying for it. The eBay fees for $100 coin are under $10, it wouldn't pay them to do it. The eBay fees for $500 coins is more like $50 so eBay can pay for it.
And there are numerous fake slab coins.
All comments reflect the opinion of the author, even when irrefutably accurate.
Might I suggest that when buying bullion gold, that it be in the form of a coin. If it has a denomination, from what I read, it will be considered a coin and qualify for the authentication. Correct me if I'm wrong. I would like to see them cover bars of silver and gold, no matter the value. Easy scam item it seems.
bob
EBay allows coins to be listed in the bullion category, so I'm not sure it's automatically one or the other.
Edited to add: I looked it up. Coins can be bullion.
https://pages.ebay.com/rcp/bullion-education-center/faqs.html
All comments reflect the opinion of the author, even when irrefutably accurate.
If you think grading is critical, don't buy raw coins.
Problem solved.
Actually, I think it will discourage sellers from paying for certification. Why should I invest the money up front if eBay will basically guarantee the grade for me at THEIR expense. Why would I care if it takes a few days longer to reach the buyer? If I send it in for grading, it will take multiple weeks before I can even try to sell it.
All comments reflect the opinion of the author, even when irrefutably accurate.
It's only an authentication guarantee, not a grading guarantee.
Yes, but that's the biggest hurdle in most cases.
All comments reflect the opinion of the author, even when irrefutably accurate.
I sell about 35 coins a month on ebay......when a coin has a pcgs holder and cac sticker whats the point? ebay is going to start charging sellers for this service after they get us trained......seems like overkill on certain coins...so every coin now over i list over $500 goes to this? i am not a fan.....
The way I look at it -- you have to ship the coin no matter what. So as a SELLER, what is the difference between shipping to the buyer, or shipping to the Authenticity Program? Of course the Buyer might get the coin a few days later. But as the Seller, I personally don't care they get it a few days later, and the buyer can feel comfortable knowing what they ordered is the real deal. The bonus to me is I ship it to the Authenticity address, they confirm it's what I sold, and I am done with the transaction. I get paid, and do NOT have to worry about the buyer claiming any BS about what I shipped, or they never received the package because the Postman decided not to get the signature when you ship with Signature required.
How long before eBay increases their fees as a result of this ‘free service’? 🤔
Dave
Hasn't happened with cards and that program has been around for several years now.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
There are counterfeit holders out there, too, unfortunately.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Fair question and I have no idea on whether they will increase fees for the Coins Authenticity Program.
However, when they introduced the Authenticity Guarantee for trading cards a few years ago, this was one of the questions being asked (fees going up, or needing to pay extra for the Authenticity Guarantee program).
So far, I have not seen any fees for the service -- and the service actually improved when they added the option to "Vault" the eligible purchases, and also to grade raw cards through the service.
And if the coin is a fake slab and fake sticker?
It's for buyer security.
All comments reflect the opinion of the author, even when irrefutably accurate.
I've been saying something similar to this for a long time. One who doesn't want to take the time and effort to educate oneself about counterfeits, alterations and, the fairly obvious-to-most-observers, scams then that's one who kind of deserves to be taken.
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
“Find out who you are and do it on purpose.”
“Don’t get so busy making a living that you forget to make a life.”
“We cannot direct the wind, but we can adjust the sails.”
“Dream more, learn more, care more, and be more.”
Parton’s quotes often blend humor, humility, and practical wisdom, reflecting her life journey from rural Tennessee to global stardom. They remind us to embrace challenges, nurture relationships, and live with purpose and joy.
Dolly Parton (1946-2026)
They might save themselves some trouble and some money if they started listening to reports of fakes on ebay instead of just automatically dismissing the reports. I watch 1922 and 1922-D cents for anything that might be new to my book on 1922 cents, and just yesterday I saw two die-struck fakes and three removed mint mark coins.
TD
This service may actually save eBay money by eliminating chargebacks by buyers who have been scammed by dishonest sellers.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Not only that, it may also save eBay money by eliminating chargebacks by dishonest buyers who are trying to scam sellers.
Totally agree. This program not only helps the sellers and buyer, but it also helps eBay's bottom line.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
ebay seller: "Can I choose which authenticator my coin goes to?"
ebay: "Not at this time."
me: "Sounds like a can of worms is in the making."
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
“Find out who you are and do it on purpose.”
“Don’t get so busy making a living that you forget to make a life.”
“We cannot direct the wind, but we can adjust the sails.”
“Dream more, learn more, care more, and be more.”
Parton’s quotes often blend humor, humility, and practical wisdom, reflecting her life journey from rural Tennessee to global stardom. They remind us to embrace challenges, nurture relationships, and live with purpose and joy.
Dolly Parton (1946-2026)
That's not what you said when I rescued you from the "whispering VDB"...
"Whispering VDB" is a more poetic, more creative way of saying "faint VDB." "Faint" means "pass out" to me. There are 1909-S V.D.B. pennies with the whispering or, if you prefer, faint V.D.B. you know. Harsche discusses them in his landmark work, Detecting Altered Coins.
I was hoping you learned that when I was conducting my class here on 1909-S V.D.B. pennies.
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
“Find out who you are and do it on purpose.”
“Don’t get so busy making a living that you forget to make a life.”
“We cannot direct the wind, but we can adjust the sails.”
“Dream more, learn more, care more, and be more.”
Parton’s quotes often blend humor, humility, and practical wisdom, reflecting her life journey from rural Tennessee to global stardom. They remind us to embrace challenges, nurture relationships, and live with purpose and joy.
Dolly Parton (1946-2026)
Maybe one day, you'll learn a lesson from being rescued. If it weren't for me, you wouldn't have had the money to go to that concert.