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for those of us who generally dislike eBay... with them taking steps to ensure coin authenticity...
TallahasseeCoinClub
Posts: 499 ✭✭✭✭
... I might become more interested. Questions:
- what is this "Top Rated Seller" thing all about?
- why does "search" work so poorly? seems like string searches are limited or return wacky results
- do YOU actually have success as a buyer? I see mostly astronomical asking prices for coins
- does the site seem terribly slow to you?
Just wondering if it's worth my time to make eBay a destination again -- I have avoided the site for probably at least ten years now and get most of my news and understanding from reading threads on forums like this one.
Lots of questions - please feel free to chime in on any other insights you might have. I loved using eBay up until about the time implementing PayPal destroyed my experience with the site (yes, going back many years LOL).
Official PCGS account of:
www.TallahasseeCoinClub.com
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"what is this "Top Rated Seller" thing all about?"
https://www.ebay.com/sellercenter/protections/top-rated-program
"why does "search" work so poorly? seems like string searches are limited or return wacky results"
There was a thread on this about a week ago. Search works or not, depending on how you use it.
"do YOU actually have success as a buyer? I see mostly astronomical asking prices for coins"
I regularly buy stuff on eBay that I resell on eBay for a profit, so- yes, I do have success.
"does the site seem terribly slow to you?"
No.
I use Ebay for research mostly these days. I like to look at the sold prices (assuming they are real deals) to see where the "market" is on certain items or how many are selling and how many are listed. I think the new coin authenticity might be more difficult than they think depending on who they use. Will they use just pictures? An understanding of the minting process is vital to rooting out counterfeit coins... The site is not slow to me no.
The court jester does not play, but gently pulls the strings…
I'm looking forward to PCGS coinfacts updating their auction records with ebay, etc..
Ebay is the biggest vendor out there for used merchandise. I don't think the authenticity guarantee is all that great except for uneducated buyers. People have been able to send stuff back for a long time now. Most fakes are obvious.
Are you asking from a buying or selling standpoint? I think the Authenticity Guarantee offers new protections for the seller. You don't have to worry about someone buying an expensive coin and returning an empty envelope. Or someone messing with a return label where it shows returned, but actually wasn't.
It also protects eBay from frivolous claims under their guarantees. This program may actually pay for itself.
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
Does PCGS reholder the coin? I've always been under the impression that authentication happens with a TPG when COIN IS IN HAND not COIN IN HOLDER IS IN HAND.
I also use eBay for research, but for current counterfeits. Can't go a day without seeing counterfeits listed there currently.
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Student of numismatics and collector of Morgan dollars
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Patience is the key word....mailed a $550 coin to 3rd party last friday. from OH To CA..to be delivered today to the 3rd party grader..then on to the buyer...looks like a 2 week turnaround.....
Is my impression wrong?
I sold a decent one, here's the feedback:
How often in life — when you buy something in an “e-auction” — can you share feedback that says “exceeds expectations.” Or, even more rare, “MASSIVELY Exceeds Expectations.” I’m saying that here. This coin is “GORGEOUS” — even better than described. A TERRIFIC value. Fast shipping, Careful packaging. Gave me a good price. i’ll DEFINITELY be buying from ***** again. Thank you 🙏 To open that package, and be stunned by this coin. I feel joyful … ecstatic 🤩
But yeah, sure... there's plenty of crap too- like any reasonable person would expect to find any place that has millions of coins available for purchase.
Why would I go to ebay for an answer to my question? My impression is and has been for a long time that authentication happens with a TPG when COIN IS IN HAND not COIN IN HOLDER IS IN HAND.
Forget about ebay. Waste of time for me to go to ebay to "describe," as you say, what happens at any TPG, not just PCGS.
pretty slick the way you are avoiding answering my question. Is my impression correct or is it wrong? Shouldn't be that tough a question for you. FORGET ebay. The question is about what happens at the TPG.
Use it if it works for you and makes sense. Don’t use it if it doesn’t.
In honor of the memory of Cpl. Michael E. Thompson
So buyers can't return an item if it has been authenticated?
I have the same question.
What buyers need to know about returns
Some purchases inspected under Authenticity Guarantee are considered final sale. eBay Money Back Guarantee does not cover final sale purchases on the basis that the item doesn't match the listing.
Returns for final sale purchases are only eligible for coverage under eBay Money Back Guarantee when:
-The item was damaged during shipping, or
-The seller doesn't honor their stated returns policy.
Final sale definitions by product category:
Coins: The seller doesn't offer returns or the return window stated in the listing has passed.
https://www.ebay.com/help/buying/buying-authenticity-guarantee/buying-authenticity-guarantee?id=5470
Show me an undoctored picture of it just before you sold it and I'll give my opinion.
A quick internet search would find those answers.
Just sayin'.
Some purchases inspected under Authenticity Guarantee are considered final sale.
I'm was a seller and my returns policy became "No Returns" after a buyer tried to game me. That was long ago and I learned a hard lesson about customer returns from the seller standpoint. I buy the slabbed coin which I believe to be authentic. Why do I need another opinion about the piece's authenticity when comes time to sell?
I was going to say his opinion is worthless but you are more correct. His opinion is worth less than worthless; it has negative value.
chopmarkedtradedollars.com
Yeah but it's been tainted by being on eBay. Worse than bringing it into the bathroom. The mint probably won't even take it back.
Now, now. I identified that pathetic excuse for a 1909-S V.D.B. (the one with image showing the 'S' way, way too far left relative to the 1909 date) as a counterfeit instantly on seeing it. Under 5 seconds, record time for me. There was some head scratching going on with other members about the reverse. I stated that one doesn't even need to turn the coin over to look at the reverse. The obverse tells the story about the piece's authenticity instantly for those who know 'S' positions for genuine 1909-S LC both with and without V.D.B. And you say my opinion has negative value? Why not post image of your 1909-S V.D.B. that you have owned or currently own and get my "negative value" opinion? I double dog dare ya.
The new dynamic duo, lermish and jmlanzaf. This forum is so much fun.
This is my test case for the process:
You can include eBay sales on CoinFacts, just click the "show eBay" button.
Correct.
Think of the guarantee as a form of moderation.
Filtering of the unwanted, spurious and illegal merch.
Somewhat cumbersome and costly for ebay especially but it will enhance buyer satisfaction, and that should translate into positives for the hobby.
So will expensive coins from known dealers have to go through this process too? That’ll only jack up prices even more…..🤔
I don't buy or sell on eBay, so this thread is of no immediate consequence to me. Nonetheless, I find it interesting. And I hope the steps being taken by eBay improve the platform for both sellers and buyers.
Re your comment, it did not occur to me that TPG's would authenticate only the slab. I thought they at least might run a Sigma wand over the coin (if gold or silver), verify the combined weight of the coin and slab, or perform similarly simple tests without having to remove the coin from the slab. But maybe authenticating only the slab (dimensions, label, NFC chip, etc) is sufficient.
Where's your SVDB for me to give my opinion on? I've got as much right to post here with my opinions as anyone, including you.
So the service ebay is touting then is slab authentication. I see.
Today, I went through the raw CC Trade Dollars listed with the eBay Authenticity Guarantee and did not see a single obvious fake CC Trade Dollar with the Authenticity Guarantee. The eBay seller's are already policing themselves and not listing the counterfeits. In the long run the buyers are going to pay for the program, but it appears that eBay has found an effective and cost efficient way to get counterfeit coins over $500 off their website.