@jacrispies said:
First raw coin was authenticated and delivered, came in super fancy Ebay packaging. Purchase to delivery was 8 days.
Second raw coin was just delivered to PCGS today. 13 days since purchase and yet to be authenticated. I'm guessing it'll be nearly three weeks for this coin to show up.
Although I believe the intention was good on eBay’s part, I feel in the long run it will hurt them more than help. On the other side there might be fewer scams above the $500 mark but probably more under that number.
Hey there @jmlanzaf , see, I am not the only one who gets it. Good that ebay is finally doing something about all of the fraud, but now they will be also seeing buyers flee. What you can buy on ebay, can be found on other websites for quicker turn arounds for the most part. Even at my site, a week to mail a check, 3 days to send the coin Priority Mail. And me, with only 12 views a week as you noted.............. (Not). So this can only hurt ebay in the long run, and the sellers, and the buyers, but I get it, it has to be done. Catch 22 all around.
You can both be wrong.
So your position is that you would they deliver fake coins fast than authentic coins more slowly?
Brilliant!! Maybe you can turn that into a radio spot for ebay: "The coins may not be real, but you'll get them FAST!!"
Brilliant! Love it! Give me more!
As I clearly noted, Catch 22. Fraud on ebay, they finally do something about it, and the good people get screwed.......... I say, buy somewhere else, silly me.
People have been pointing out the minor imperfections for 20+ years and they are still The King.
@jacrispies said:
First raw coin was authenticated and delivered, came in super fancy Ebay packaging. Purchase to delivery was 8 days.
Second raw coin was just delivered to PCGS today. 13 days since purchase and yet to be authenticated. I'm guessing it'll be nearly three weeks for this coin to show up.
Although I believe the intention was good on eBay’s part, I feel in the long run it will hurt them more than help. On the other side there might be fewer scams above the $500 mark but probably more under that number.
Hey there @jmlanzaf , see, I am not the only one who gets it. Good that ebay is finally doing something about all of the fraud, but now they will be also seeing buyers flee. What you can buy on ebay, can be found on other websites for quicker turn arounds for the most part. Even at my site, a week to mail a check, 3 days to send the coin Priority Mail. And me, with only 12 views a week as you noted.............. (Not). So this can only hurt ebay in the long run, and the sellers, and the buyers, but I get it, it has to be done. Catch 22 all around.
You can both be wrong.
So your position is that you would they deliver fake coins fast than authentic coins more slowly?
Brilliant!! Maybe you can turn that into a radio spot for ebay: "The coins may not be real, but you'll get them FAST!!"
Brilliant! Love it! Give me more!
As I clearly noted, Catch 22. Fraud on ebay, they finally do something about it, and the good people get screwed.......... I say, buy somewhere else, silly me.
People have been pointing out the minor imperfections for 20+ years and they are still The King.
Green doesn't suit you.
Er, King of what, fees?
King of Coins. King of Retail.
They remain the best BARGAIN in retail.
❤️ Ebay.
You should see someone about your obsession with a platform that you don't even use. NO ONE is forced to use them. They are #1 based on the CHOICE of sellers and buyers alike. That is indisputable.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jacrispies said:
First raw coin was authenticated and delivered, came in super fancy Ebay packaging. Purchase to delivery was 8 days.
Second raw coin was just delivered to PCGS today. 13 days since purchase and yet to be authenticated. I'm guessing it'll be nearly three weeks for this coin to show up.
Although I believe the intention was good on eBay’s part, I feel in the long run it will hurt them more than help. On the other side there might be fewer scams above the $500 mark but probably more under that number.
Hey there @jmlanzaf , see, I am not the only one who gets it. Good that ebay is finally doing something about all of the fraud, but now they will be also seeing buyers flee. What you can buy on ebay, can be found on other websites for quicker turn arounds for the most part. Even at my site, a week to mail a check, 3 days to send the coin Priority Mail. And me, with only 12 views a week as you noted.............. (Not). So this can only hurt ebay in the long run, and the sellers, and the buyers, but I get it, it has to be done. Catch 22 all around.
You can both be wrong.
So your position is that you would they deliver fake coins fast than authentic coins more slowly?
Brilliant!! Maybe you can turn that into a radio spot for ebay: "The coins may not be real, but you'll get them FAST!!"
Brilliant! Love it! Give me more!
As I clearly noted, Catch 22. Fraud on ebay, they finally do something about it, and the good people get screwed.......... I say, buy somewhere else, silly me.
People have been pointing out the minor imperfections for 20+ years and they are still The King.
Green doesn't suit you.
Er, King of what, fees?
King of Coins. King of Retail.
They remain the best BARGAIN in retail.
❤️ Ebay.
You should see someone about your obsession with a platform that you don't even use. NO ONE is forced to use them. They are #1 based on the CHOICE of sellers and buyers alike. That is indisputable.
Really? As an example. I looked for choice CACed Bust Halves on ebay last week and found only 68 total. That is for all vendors on ebay. 68. Then I looked at my inventory of similar CACed Bust Halves. I had over 30, single vendor. And I could sell for less bc I don't have the 8% or higher FV fees. And so could those vendors who mostly have their own website and prospective buyers are likely to head to the off ebay sites to buy cheaper. So what does that mean. Sure, coins, one can get them on ebay, of certain types. Or one can go to, for example, Modern Coin Mart, or any other established website that sells type coins, and get the same thing for LESS. And probably QUICKER. Especially now that ebay has recognized fraud and is doing something about it. Yup ebay is the King. Yup.
@jacrispies said:
First raw coin was authenticated and delivered, came in super fancy Ebay packaging. Purchase to delivery was 8 days.
Second raw coin was just delivered to PCGS today. 13 days since purchase and yet to be authenticated. I'm guessing it'll be nearly three weeks for this coin to show up.
Although I believe the intention was good on eBay’s part, I feel in the long run it will hurt them more than help. On the other side there might be fewer scams above the $500 mark but probably more under that number.
Hey there @jmlanzaf , see, I am not the only one who gets it. Good that ebay is finally doing something about all of the fraud, but now they will be also seeing buyers flee. What you can buy on ebay, can be found on other websites for quicker turn arounds for the most part. Even at my site, a week to mail a check, 3 days to send the coin Priority Mail. And me, with only 12 views a week as you noted.............. (Not). So this can only hurt ebay in the long run, and the sellers, and the buyers, but I get it, it has to be done. Catch 22 all around.
You can both be wrong.
So your position is that you would they deliver fake coins fast than authentic coins more slowly?
Brilliant!! Maybe you can turn that into a radio spot for ebay: "The coins may not be real, but you'll get them FAST!!"
Brilliant! Love it! Give me more!
As I clearly noted, Catch 22. Fraud on ebay, they finally do something about it, and the good people get screwed.......... I say, buy somewhere else, silly me.
People have been pointing out the minor imperfections for 20+ years and they are still The King.
Green doesn't suit you.
Er, King of what, fees?
King of Coins. King of Retail.
They remain the best BARGAIN in retail.
❤️ Ebay.
You should see someone about your obsession with a platform that you don't even use. NO ONE is forced to use them. They are #1 based on the CHOICE of sellers and buyers alike. That is indisputable.
Really? As an example. I looked for choice CACed Bust Halves on ebay last week and found only 68 total. That is for all vendors on ebay. 68. Then I looked at my inventory of similar CACed Bust Halves. I had over 30, single vendor. And I could sell for less bc I don't have the 8% or higher FV fees. And so could those vendors who mostly have their own website and prospective buyers are likely to head to the off ebay sites to buy cheaper. So what does that mean. Sure, coins, one can get them on ebay, of certain types. Or one can go to, for example, Modern Coin Mart, or any other established website that sells type coins, and get the same thing for LESS. And probably QUICKER. Especially now that ebay has recognized fraud and is doing something about it. Yup ebay is the King. Yup.
So you're now saying that you are bigger than eBay. 🤣🤣🤣🤣🤣🤣
Stop it! My sides hurt. You're killing me!
🤣🤣🤣🤣🤣🤣
All comments reflect the opinion of the author, even when irrefutably accurate.
@jacrispies said:
First raw coin was authenticated and delivered, came in super fancy Ebay packaging. Purchase to delivery was 8 days.
Second raw coin was just delivered to PCGS today. 13 days since purchase and yet to be authenticated. I'm guessing it'll be nearly three weeks for this coin to show up.
Although I believe the intention was good on eBay’s part, I feel in the long run it will hurt them more than help. On the other side there might be fewer scams above the $500 mark but probably more under that number.
Hey there @jmlanzaf , see, I am not the only one who gets it. Good that ebay is finally doing something about all of the fraud, but now they will be also seeing buyers flee. What you can buy on ebay, can be found on other websites for quicker turn arounds for the most part. Even at my site, a week to mail a check, 3 days to send the coin Priority Mail. And me, with only 12 views a week as you noted.............. (Not). So this can only hurt ebay in the long run, and the sellers, and the buyers, but I get it, it has to be done. Catch 22 all around.
You can both be wrong.
So your position is that you would they deliver fake coins fast than authentic coins more slowly?
Brilliant!! Maybe you can turn that into a radio spot for ebay: "The coins may not be real, but you'll get them FAST!!"
Brilliant! Love it! Give me more!
As I clearly noted, Catch 22. Fraud on ebay, they finally do something about it, and the good people get screwed.......... I say, buy somewhere else, silly me.
People have been pointing out the minor imperfections for 20+ years and they are still The King.
Green doesn't suit you.
Er, King of what, fees?
King of Coins. King of Retail.
They remain the best BARGAIN in retail.
❤️ Ebay.
You should see someone about your obsession with a platform that you don't even use. NO ONE is forced to use them. They are #1 based on the CHOICE of sellers and buyers alike. That is indisputable.
Really? As an example. I looked for choice CACed Bust Halves on ebay last week and found only 68 total. That is for all vendors on ebay. 68. Then I looked at my inventory of similar CACed Bust Halves. I had over 30, single vendor. And I could sell for less bc I don't have the 8% or higher FV fees. And so could those vendors who mostly have their own website and prospective buyers are likely to head to the off ebay sites to buy cheaper. So what does that mean. Sure, coins, one can get them on ebay, of certain types. Or one can go to, for example, Modern Coin Mart, or any other established website that sells type coins, and get the same thing for LESS. And probably QUICKER. Especially now that ebay has recognized fraud and is doing something about it. Yup ebay is the King. Yup.
So you're now saying that you are bigger than eBay. 🤣🤣🤣🤣🤣🤣
Stop it! My sides hurt. You're killing me!
🤣🤣🤣🤣🤣🤣
Au contraire, I am only saying that quality examples of all types of coins can be found, easier, better price, and get to you faster when you buy on other established and reputable websites. ebay inventory for pq type coins is limited for the number of vendors on the site, and I am sure you can see why I used that example to show the limited inventory of some types of coins on ebay. So sure go ahead and use ebay, please do............ But many of us don't, when I want a slabbed, modern bullion coin, for which there are 100,000s on ebay, I go to Modern Coin Mart. Get it in 3 days, no problems, cheaper, quicker. When I want a quality type coin, I go to a number of reputable dealers and get it cheaper, quicker. Surely one can understand that is something good?
So I am not sure what ebay is the King of for coins. Give an example please. Seems like for the most part, ebay is a decade behind and trying to catch up....................
@Desert Moon said:
Au contraire, I am only saying that quality examples of all types of coins can be found, easier, better price, and get to you faster when you buy on other established and reputable websites.
So why are we unhappy with eBay's counterfeit policy, again?
@Desert Moon said:
Au contraire, I am only saying that quality examples of all types of coins can be found, easier, better price, and get to you faster when you buy on other established and reputable websites.
So why are we unhappy with eBay's counterfeit policy, again?
I did raise some concerns for active users for buying and selling on ebay for coins and countered the rhetoric of one poster (which was the primary goal). But unhappy. Uh, no.
A question though- Your opinion on the topic is "raising concerns" while another poster's opinion is "rhetoric"? Why the difference?
Ok- that's two questions.
Good questions, 2nd one, we don't want to go there so I won't say any more on that topic other than what I did to answer you the first time........ (Sorry).
So let's just say, if I were an ebay seller or buyer, I would be concerned with the concerns I raised about shipment time, extra shipments, fees that must go up to cover the new program etc. as I note in earlier posts and on other threads about this topic. Are my concerns accurate? Maybe ebay is altruistic and will eat the cost and not raise FV's? Or alternatively, not have an additional charge added on to sellers (or buyers) to cover the costs of the new program? Time will tell.
@Desert Moon said:
Au contraire, I am only saying that quality examples of all types of coins can be found, easier, better price, and get to you faster when you buy on other established and reputable websites.
So why are we unhappy with eBay's counterfeit policy, again?
I did raise some concerns for active users for buying and selling on ebay for coins and countered the rhetoric of one poster (which was the primary goal). But unhappy. Uh, no.
You actually tagged me into the conversation. You weren't countering anything i said. I don't think I've ever made an issue, pro or con, about the delay as it is simply inevitable.
All comments reflect the opinion of the author, even when irrefutably accurate.
I've been buying and selling cards with the Authenticity Guarantee for years. eBay has not charged a fee for the service.
My guess is that sometime down the road they will offer "Vault" services for slabbed coins similar to the PSA Vault for slabbed Cards. And perhaps they will offer grading services for raw coins similar to how they offer grading services for raw cards. In the short term, it helps to reduce counterfeits. It also helps minimize shenanigans between Buyer/Seller. As a buyer of cards I love the Authenticity Guarantee program. And now I'm looking forward to start selling coins again on eBay (I stopped selling coins on eBay years ago because of a few bad transactions).
@DotStore said:
I've been buying and selling cards with the Authenticity Guarantee for years. eBay has not charged a fee for the service.
My guess is that sometime down the road they will offer "Vault" services for slabbed coins similar to the PSA Vault for slabbed Cards. And perhaps they will offer grading services for raw coins similar to how they offer grading services for raw cards. In the short term, it helps to reduce counterfeits. It also helps minimize shenanigans between Buyer/Seller. As a buyer of cards I love the Authenticity Guarantee program. And now I'm looking forward to start selling coins again on eBay (I stopped selling coins on eBay years ago because of a few bad transactions).
The vault would be great for dealers, especially if coupled to a grading service. It would be similar to an auction house, where the coins are slabbed and shipped by a 3rd party.
[Of course, some people will hate that also. ]
All comments reflect the opinion of the author, even when irrefutably accurate.
Seems eBay has a limp, if they need a crutch. Just sayin’. No hate. I understand the crippling effect that cheaters, liars and thieves can have on the market and venues which make it up. . Whatever step leads to betterment is fine.
No comment on new program. Ok maybe a small one. Just cruising through Ebay and saw they authenticated a 500 plus 1992d close AM Lincoln, However the picture shows a 1998d. ??????
@blaircountycoin said:
No comment on new program. Ok maybe a small one. Just cruising through Ebay and saw they authenticated a 500 plus 1992d close AM Lincoln, However the picture shows a 1998d. ??????
How do you know they authenticated it? You wouldn't know until it had been shipped.
All comments reflect the opinion of the author, even when irrefutably accurate.
I'm not feeling so great about my first experience. I like the idea of the program, but this part kind of stinks. With it sitting for 2 full days not making it to the authenticator, I am not sure I'll even get the coin.
@CircOnly said:
I'm not feeling so great about my first experience. I like the idea of the program, but this part kind of stinks. With it sitting for 2 full days not making it to the authenticator, I am not sure I'll even get the coin.
>
That is typical USPS behavior coupled with typical PCGS behavior. None of it is really specific to the program.
I'm 99.5% sure you will get the coin
All comments reflect the opinion of the author, even when irrefutably accurate.
eBay has moved to authentication. Exacting more control over this particular part of their auctions. As already mentioned, future grading is a possibility.
Take a step further and actually become a full-service auction house for these types of sales in the mode of GC, Heritage, Stacks, etc. Send in all your coins/currency to eBay to list and sell. You set the starting price, reserve, etc. They take all the pictures and set-up the auctions. AI will take care of the actual auction listings. Uniform pictures and listings. They will ship out all the sales and assume the responsibility for lost and returned items. No different from how most of the auction houses operate today.
Hire some of the best management, inventory control and photographers in the business. Grading would be problematic (insider) under this model. They could still send out to PCGS, NGC, ANACS, etc. like GC does now per your request.
Massive undertaking, but eBay is a multi-billion-dollar company. If they want to do something like this or similar, it would probably be very successful.
@jakeblue said:
eBay has moved to authentication. Exacting more control over this particular part of their auctions. As already mentioned, future grading is a possibility.
Take a step further and actually become a full-service auction house for these types of sales in the mode of GC, Heritage, Stacks, etc. Send in all your coins/currency to eBay to list and sell. You set the starting price, reserve, etc. They take all the pictures and set-up the auctions. AI will take care of the actual auction listings. Uniform pictures and listings. They will ship out all the sales and assume the responsibility for lost and returned items. No different from how most of the auction houses operate today.
Hire some of the best management, inventory control and photographers in the business. Grading would be problematic (insider) under this model. They could still send out to PCGS, NGC, ANACS, etc. like GC does now per your request.
Massive undertaking, but eBay is a multi-billion-dollar company. If they want to do something like this or similar, it would probably be very successful.
This is pretty much what they have already done with cards.
It appears to be the same TPG doing both cards and coins for eBay (PSA for cards, PCGS for coins).
Interesting images from IG. Do you know if the sticker from ebay is placed onto the slab itself or onto the plastic baggie that apparently is around the slab? I suspect (and hope) it is the baggie.
@TomB said:
Interesting images from IG. Do you know if the sticker from ebay is placed onto the slab itself or onto the plastic baggie that apparently is around the slab? I suspect (and hope) it is the baggie.
Yes, outside of the bag (presumably over the seam).
@TomB said:
Interesting images from IG. Do you know if the sticker from ebay is placed onto the slab itself or onto the plastic baggie that apparently is around the slab? I suspect (and hope) it is the baggie.
Yes, outside of the bag (presumably over the seam).
I've received several cards that have gone through the process -- in all my cases the sticker was on the bag over the seam. You can also scan that QR code and it will take you to a picture of the item that was authenticated.
NOTE: if you are careful, you could probably open the bag without damaging the sticker. It's really only meant as Authenticity for that Item to the buyer. I have seen bad actors on eBay swap out the card and put in something different and then claim it was Authenticated by eBay.
How about people who haven’t learned enough about coins/holders/counterfeits/Chinese fakes, etc. yet just hold off on buying stuff over $500 until they know what they’re doing?
I can see initiating this program for raw coins or offering an optional certification program at the expense of the buyer…….but my PC/CAC semi key date still being on the other side of the country 9 days after I bought it isn’t helping anyone or improving anyone’s customer satisfaction levels.
From what I’m seeing so far, I think this program will be largely successful in effectively eliminating counterfeit numismatics above the $500 level on eBay. That’s a great thing for the hobby.
However, as others have noted, we may see a greater concentration in fraud below the mandatory authentication level. For ex., counterfeit raw July 4th privy quarters which seem to be proliferating on eBay right now.
The mandatory authentication level is set at $200 for cards. Will eBay lower the numismatic minimum in an effort to squeeze the counterfeiters further? I imagine there’s a lot of volume in $200-$500 coins.
@MEJ7070 said:
How about people who haven’t learned enough about coins/holders/counterfeits/Chinese fakes, etc. yet just hold off on buying stuff over $500 until they know what they’re doing?
I can see initiating this program for raw coins or offering an optional certification program at the expense of the buyer…….but my PC/CAC semi key date still being on the other side of the country 9 days after I bought it isn’t helping anyone or improving anyone’s customer satisfaction levels.
The program actually benefits someone who isn't well learned in coins and was afraid of buying anything over $500. Now they can make that purchase and be pretty well protected even if they know very little about coins.
Delayed delivery times are probably the biggest negative of the program. If someone wants the coin, they will have to factor that into the purchase and decide if it's worth it to wait the extra time.
@P0CKETCHANGE said:
From what I’m seeing so far, I think this program will be largely successful in effectively eliminating counterfeit numismatics above the $500 level on eBay. That’s a great thing for the hobby.
However, as others have noted, we may see a greater concentration in fraud below the mandatory authentication level. For ex., counterfeit raw July 4th privy quarters which seem to be proliferating on eBay right now.
The mandatory authentication level is set at $200 for cards. Will eBay lower the numismatic minimum in an effort to squeeze the counterfeiters further? I imagine there’s a lot of volume in $200-$500 coins.
I could see them adjusting the minimum threshold once the program matures (as long as they have bandwidth to handle increased volumes). They have adjusted the threshold for cards over the years, so it could happen with coins. Also, maybe if/when they introduce PCGS Grading for raw coins at time of checkout, they can decide what the min amount should be...
@MEJ7070 said:
How about people who haven’t learned enough about coins/holders/counterfeits/Chinese fakes, etc. yet just hold off on buying stuff over $500 until they know what they’re doing?
I can see initiating this program for raw coins or offering an optional certification program at the expense of the buyer…….but my PC/CAC semi key date still being on the other side of the country 9 days after I bought it isn’t helping anyone or improving anyone’s customer satisfaction levels.
The program actually benefits someone who isn't well learned in coins and was afraid of buying anything over $500. Now they can make that purchase and be pretty well protected even if they know very little about coins.
Delayed delivery times are probably the biggest negative of the program. If someone wants the coin, they will have to factor that into the purchase and decide if it's worth it to wait the extra time.
Agree 100% there is an added delay until the buyer receives their purchase.
But there are other benefits of this program:
It also benefits experienced buyers who can't tell for sure about a card based on the pictures provided (raw or slabbed). There's comfort in knowing that the coin/slab will be reviewed by one of the top TPG's.
It also benefits Sellers as they no longer need to worry about buyer shenanigans making SNAD claims, or package not delivered, or filing a return and sending back an empty box. As a Seller, you ship for Authenticity, it passes inspection and you get paid.
And if they follow the progression they did with Cards (Offering grading and/or Vault Services), the program gets even better in the long run for both Buyers and Sellers
@DotStore said:
It also benefits Sellers as they no longer need to worry about buyer shenanigans making SNAD claims, or package not delivered, or filing a return and sending back an empty box. As a Seller, you ship for Authenticity, it passes inspection and you get paid.
So eBay is taking the delivery and claim risk on everything past the authentication event? That was one thing I was wondering (apologies if already discussed earlier in thread).
@DotStore said:
It also benefits Sellers as they no longer need to worry about buyer shenanigans making SNAD claims, or package not delivered, or filing a return and sending back an empty box. As a Seller, you ship for Authenticity, it passes inspection and you get paid.
So eBay is taking the delivery and claim risk on everything past the authentication event? That was one thing I was wondering (apologies if already discussed earlier in thread).
That's how it's been from my experience with cards (I don't accept returns, so it's a Final Sale). PSA (the Authentication behind cards) Authenticated/agreed what I sold, so they handle getting it to the buyer from there. In the TOS, there's some FAQs about what if from the Authenticator to the Buyer there is damage or missing -- and it says eBay will refund the buyer, and any negative review on the seller will be removed.
@MEJ7070 said:
How about people who haven’t learned enough about coins/holders/counterfeits/Chinese fakes, etc. yet just hold off on buying stuff over $500 until they know what they’re doing?
I can see initiating this program for raw coins or offering an optional certification program at the expense of the buyer…….but my PC/CAC semi key date still being on the other side of the country 9 days after I bought it isn’t helping anyone or improving anyone’s customer satisfaction levels.
Very hard to "know what you're doing" on a coin that you can't see in hand before purchasing. You can't even guarantee the seller will send you the coin pictured, for the actual scammers who might be out there. And there are some good fakes out there as well as some bad pictures, including slabbed fakes. So, why not offer some increased security?
All comments reflect the opinion of the author, even when irrefutably accurate.
@P0CKETCHANGE said:
From what I’m seeing so far, I think this program will be largely successful in effectively eliminating counterfeit numismatics above the $500 level on eBay. That’s a great thing for the hobby.
However, as others have noted, we may see a greater concentration in fraud below the mandatory authentication level. For ex., counterfeit raw July 4th privy quarters which seem to be proliferating on eBay right now.
The mandatory authentication level is set at $200 for cards. Will eBay lower the numismatic minimum in an effort to squeeze the counterfeiters further? I imagine there’s a lot of volume in $200-$500 coins.
I think the issue is the fees. The card fees are higher than the coin fees. If I sell a $200 coin, eBay gets about $16.50 in fees. I doubt that's enough to cover the cost of authentication and shipping, not to mention insurance costs for anything eBay has to pay
All comments reflect the opinion of the author, even when irrefutably accurate.
@P0CKETCHANGE said:
From what I’m seeing so far, I think this program will be largely successful in effectively eliminating counterfeit numismatics above the $500 level on eBay. That’s a great thing for the hobby.
However, as others have noted, we may see a greater concentration in fraud below the mandatory authentication level.
@MEJ7070 said:
How about people who haven’t learned enough about coins/holders/counterfeits/Chinese fakes, etc. yet just hold off on buying stuff over $500 until they know what they’re doing?
I can see initiating this program for raw coins or offering an optional certification program at the expense of the buyer…….but my PC/CAC semi key date still being on the other side of the country 9 days after I bought it isn’t helping anyone or improving anyone’s customer satisfaction levels.
Very hard to "know what you're doing" on a coin that you can't see in hand before purchasing. You can't even guarantee the seller will send you the coin pictured, for the actual scammers who might be out there. And there are some good fakes out there as well as some bad pictures, including slabbed fakes. So, why not offer some increased security?
If a buyer is concerned or has trepidation, let him opt in to such a program as I’ve suggested.
Mandating a 2+ week delay for purchases doesn’t enhance my buying experience one bit.
the 2 1/2 indian (raw) was recieved this am, in about an hour 1/2 later, verified and shipped to buyer, also shipping fedex, so at this early stage , they appear to be on top of things. Thats good. Ill let you know when the 3 other coins that were shipped fedex arrive and process, they were already graded by pcgs.
As long as they pack the coin in the faux mahogany/ glass cases with my pen and candy ….. and don’t mess with that relationship (personal touch) I have with my buyers…. Because that wouldn’t be cool to steal freebies
@TwoSides2aCoin said:
As long as they pack the coin in the faux mahogany/ glass cases with my pen and candy ….. and don’t mess with that relationship (personal touch) I have with my buyers…. Because that wouldn’t be cool to steal freebies
"eBay may refuse to accept ineligible items (including, but not limited to, additional coins or items that are gifted to buyers as a bonus and free of charge) and is not responsible for storage, delivery, return, damage or loss of such items. eBay reserves the right to donate or otherwise dispose of such ineligible items in our sole and absolute discretion."
@TwoSides2aCoin said:
As long as they pack the coin in the faux mahogany/ glass cases with my pen and candy ….. and don’t mess with that relationship (personal touch) I have with my buyers…. Because that wouldn’t be cool to steal freebies
"eBay may refuse to accept ineligible items (including, but not limited to, additional coins or items that are gifted to buyers as a bonus and free of charge) and is not responsible for storage, delivery, return, damage or loss of such items. eBay reserves the right to donate or otherwise dispose of such ineligible items in our sole and absolute discretion."
So the presentation box may be tossed into a donation box at their discretion. I know when I tried to tell ebay I had a coin shop, they determined then, due to the terms of service , that they have A Coin Shop, and I work for them.
@TwoSides2aCoin said:
As long as they pack the coin in the faux mahogany/ glass cases with my pen and candy ….. and don’t mess with that relationship (personal touch) I have with my buyers…. Because that wouldn’t be cool to steal freebies
"eBay may refuse to accept ineligible items (including, but not limited to, additional coins or items that are gifted to buyers as a bonus and free of charge) and is not responsible for storage, delivery, return, damage or loss of such items. eBay reserves the right to donate or otherwise dispose of such ineligible items in our sole and absolute discretion."
Why would you send such items to eBay. Send them to the buyer once the item is authenticated.
@TwoSides2aCoin said:
As long as they pack the coin in the faux mahogany/ glass cases with my pen and candy ….. and don’t mess with that relationship (personal touch) I have with my buyers…. Because that wouldn’t be cool to steal freebies
"eBay may refuse to accept ineligible items (including, but not limited to, additional coins or items that are gifted to buyers as a bonus and free of charge) and is not responsible for storage, delivery, return, damage or loss of such items. eBay reserves the right to donate or otherwise dispose of such ineligible items in our sole and absolute discretion."
So the presentation box may be tossed into a donation box at their discretion. I know when I tried to tell ebay I had a coin shop, they determined then, due to the terms of service , that they have A Coin Shop, and I work for them.
Send me a PM so I can ask you a question if that's possible.
the 2 1/2 indian (raw) was recieved this am, in about an hour 1/2 later, verified and shipped to buyer, also shipping fedex, so at this early stage , they appear to be on top of things. Thats good. Ill let you know when the 3 other coins that were shipped fedex arrive and process, they were already graded by pcgs.
How much does that add to your shipping cost?
Nothing. You still only pay shipping once. The shipping to the customer is paid by eBay.
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Comments
Er, King of what, fees?
Forget it, Jake- it's eBay.
King of Coins. King of Retail.
They remain the best BARGAIN in retail.
❤️ Ebay.
You should see someone about your obsession with a platform that you don't even use. NO ONE is forced to use them. They are #1 based on the CHOICE of sellers and buyers alike. That is indisputable.
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True. For some people, there is no right ebay move. I guess they'll have to console themselves with continuing to be the Biggest Coin Show in Earth.
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Really? As an example. I looked for choice CACed Bust Halves on ebay last week and found only 68 total. That is for all vendors on ebay. 68. Then I looked at my inventory of similar CACed Bust Halves. I had over 30, single vendor. And I could sell for less bc I don't have the 8% or higher FV fees. And so could those vendors who mostly have their own website and prospective buyers are likely to head to the off ebay sites to buy cheaper. So what does that mean. Sure, coins, one can get them on ebay, of certain types. Or one can go to, for example, Modern Coin Mart, or any other established website that sells type coins, and get the same thing for LESS. And probably QUICKER. Especially now that ebay has recognized fraud and is doing something about it. Yup ebay is the King. Yup.
.> @Desert Moon said:
So you're now saying that you are bigger than eBay. 🤣🤣🤣🤣🤣🤣
Stop it! My sides hurt. You're killing me!
🤣🤣🤣🤣🤣🤣
All comments reflect the opinion of the author, even when irrefutably accurate.
Au contraire, I am only saying that quality examples of all types of coins can be found, easier, better price, and get to you faster when you buy on other established and reputable websites. ebay inventory for pq type coins is limited for the number of vendors on the site, and I am sure you can see why I used that example to show the limited inventory of some types of coins on ebay. So sure go ahead and use ebay, please do............ But many of us don't, when I want a slabbed, modern bullion coin, for which there are 100,000s on ebay, I go to Modern Coin Mart. Get it in 3 days, no problems, cheaper, quicker. When I want a quality type coin, I go to a number of reputable dealers and get it cheaper, quicker. Surely one can understand that is something good?
So I am not sure what ebay is the King of for coins. Give an example please. Seems like for the most part, ebay is a decade behind and trying to catch up....................
So why are we unhappy with eBay's counterfeit policy, again?
.> @MasonG said:
I did raise some concerns for active users for buying and selling on ebay for coins and countered the rhetoric of one poster (which was the primary goal). But unhappy. Uh, no.
Fair enough.
A question though- Your opinion on the topic is "raising concerns" while another poster's opinion is "rhetoric"? Why the difference?
Ok- that's two questions.
Good questions, 2nd one, we don't want to go there so I won't say any more on that topic other than what I did to answer you the first time........ (Sorry).
So let's just say, if I were an ebay seller or buyer, I would be concerned with the concerns I raised about shipment time, extra shipments, fees that must go up to cover the new program etc. as I note in earlier posts and on other threads about this topic. Are my concerns accurate? Maybe ebay is altruistic and will eat the cost and not raise FV's? Or alternatively, not have an additional charge added on to sellers (or buyers) to cover the costs of the new program? Time will tell.
You actually tagged me into the conversation. You weren't countering anything i said. I don't think I've ever made an issue, pro or con, about the delay as it is simply inevitable.
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I've been buying and selling cards with the Authenticity Guarantee for years. eBay has not charged a fee for the service.
My guess is that sometime down the road they will offer "Vault" services for slabbed coins similar to the PSA Vault for slabbed Cards. And perhaps they will offer grading services for raw coins similar to how they offer grading services for raw cards. In the short term, it helps to reduce counterfeits. It also helps minimize shenanigans between Buyer/Seller. As a buyer of cards I love the Authenticity Guarantee program. And now I'm looking forward to start selling coins again on eBay (I stopped selling coins on eBay years ago because of a few bad transactions).
The vault would be great for dealers, especially if coupled to a grading service. It would be similar to an auction house, where the coins are slabbed and shipped by a 3rd party.
[Of course, some people will hate that also. ]
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Seems eBay has a limp, if they need a crutch. Just sayin’. No hate. I understand the crippling effect that cheaters, liars and thieves can have on the market and venues which make it up. . Whatever step leads to betterment is fine.
No comment on new program. Ok maybe a small one. Just cruising through Ebay and saw they authenticated a 500 plus 1992d close AM Lincoln, However the picture shows a 1998d. ??????
How do you know they authenticated it? You wouldn't know until it had been shipped.
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Good point! For some stupid reason I thought they looked ahead of time. Makes sense. One ruler across the knuckles and a demerit for me!
I'm not feeling so great about my first experience. I like the idea of the program, but this part kind of stinks. With it sitting for 2 full days not making it to the authenticator, I am not sure I'll even get the coin.
>
That is typical USPS behavior coupled with typical PCGS behavior. None of it is really specific to the program.
I'm 99.5% sure you will get the coin
All comments reflect the opinion of the author, even when irrefutably accurate.
eBay has moved to authentication. Exacting more control over this particular part of their auctions. As already mentioned, future grading is a possibility.
Take a step further and actually become a full-service auction house for these types of sales in the mode of GC, Heritage, Stacks, etc. Send in all your coins/currency to eBay to list and sell. You set the starting price, reserve, etc. They take all the pictures and set-up the auctions. AI will take care of the actual auction listings. Uniform pictures and listings. They will ship out all the sales and assume the responsibility for lost and returned items. No different from how most of the auction houses operate today.
Hire some of the best management, inventory control and photographers in the business. Grading would be problematic (insider) under this model. They could still send out to PCGS, NGC, ANACS, etc. like GC does now per your request.
Massive undertaking, but eBay is a multi-billion-dollar company. If they want to do something like this or similar, it would probably be very successful.
Boom...we win.
This is pretty much what they have already done with cards.
It appears to be the same TPG doing both cards and coins for eBay (PSA for cards, PCGS for coins).
Saw this posted by someone on Instagram
Nothing is as expensive as free money.
Interesting images from IG. Do you know if the sticker from ebay is placed onto the slab itself or onto the plastic baggie that apparently is around the slab? I suspect (and hope) it is the baggie.
In honor of the memory of Cpl. Michael E. Thompson
Yes, outside of the bag (presumably over the seam).
Nothing is as expensive as free money.
I've received several cards that have gone through the process -- in all my cases the sticker was on the bag over the seam. You can also scan that QR code and it will take you to a picture of the item that was authenticated.
NOTE: if you are careful, you could probably open the bag without damaging the sticker. It's really only meant as Authenticity for that Item to the buyer. I have seen bad actors on eBay swap out the card and put in something different and then claim it was Authenticated by eBay.
My results:
Here's the real one...
.
Nice.
I like this program more and more.
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How about people who haven’t learned enough about coins/holders/counterfeits/Chinese fakes, etc. yet just hold off on buying stuff over $500 until they know what they’re doing?
I can see initiating this program for raw coins or offering an optional certification program at the expense of the buyer…….but my PC/CAC semi key date still being on the other side of the country 9 days after I bought it isn’t helping anyone or improving anyone’s customer satisfaction levels.
This is a great example of the Authenticity Guarantee protecting the buyer.
From what I’m seeing so far, I think this program will be largely successful in effectively eliminating counterfeit numismatics above the $500 level on eBay. That’s a great thing for the hobby.
However, as others have noted, we may see a greater concentration in fraud below the mandatory authentication level. For ex., counterfeit raw July 4th privy quarters which seem to be proliferating on eBay right now.
The mandatory authentication level is set at $200 for cards. Will eBay lower the numismatic minimum in an effort to squeeze the counterfeiters further? I imagine there’s a lot of volume in $200-$500 coins.
Nothing is as expensive as free money.
The program actually benefits someone who isn't well learned in coins and was afraid of buying anything over $500. Now they can make that purchase and be pretty well protected even if they know very little about coins.
Delayed delivery times are probably the biggest negative of the program. If someone wants the coin, they will have to factor that into the purchase and decide if it's worth it to wait the extra time.
I could see them adjusting the minimum threshold once the program matures (as long as they have bandwidth to handle increased volumes). They have adjusted the threshold for cards over the years, so it could happen with coins. Also, maybe if/when they introduce PCGS Grading for raw coins at time of checkout, they can decide what the min amount should be...
Agree 100% there is an added delay until the buyer receives their purchase.
But there are other benefits of this program:
It also benefits experienced buyers who can't tell for sure about a card based on the pictures provided (raw or slabbed). There's comfort in knowing that the coin/slab will be reviewed by one of the top TPG's.
It also benefits Sellers as they no longer need to worry about buyer shenanigans making SNAD claims, or package not delivered, or filing a return and sending back an empty box. As a Seller, you ship for Authenticity, it passes inspection and you get paid.
And if they follow the progression they did with Cards (Offering grading and/or Vault Services), the program gets even better in the long run for both Buyers and Sellers
So eBay is taking the delivery and claim risk on everything past the authentication event? That was one thing I was wondering (apologies if already discussed earlier in thread).
Nothing is as expensive as free money.
That's how it's been from my experience with cards (I don't accept returns, so it's a Final Sale). PSA (the Authentication behind cards) Authenticated/agreed what I sold, so they handle getting it to the buyer from there. In the TOS, there's some FAQs about what if from the Authenticator to the Buyer there is damage or missing -- and it says eBay will refund the buyer, and any negative review on the seller will be removed.
Very hard to "know what you're doing" on a coin that you can't see in hand before purchasing. You can't even guarantee the seller will send you the coin pictured, for the actual scammers who might be out there. And there are some good fakes out there as well as some bad pictures, including slabbed fakes. So, why not offer some increased security?
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I think the issue is the fees. The card fees are higher than the coin fees. If I sell a $200 coin, eBay gets about $16.50 in fees. I doubt that's enough to cover the cost of authentication and shipping, not to mention insurance costs for anything eBay has to pay
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, be cautious of coins priced at $499!
If a buyer is concerned or has trepidation, let him opt in to such a program as I’ve suggested.
Mandating a 2+ week delay for purchases doesn’t enhance my buying experience one bit.
How much does that add to your shipping cost?
As long as they pack the coin in the faux mahogany/ glass cases with my pen and candy ….. and don’t mess with that relationship (personal touch) I have with my buyers…. Because that wouldn’t be cool to steal freebies
"eBay may refuse to accept ineligible items (including, but not limited to, additional coins or items that are gifted to buyers as a bonus and free of charge) and is not responsible for storage, delivery, return, damage or loss of such items. eBay reserves the right to donate or otherwise dispose of such ineligible items in our sole and absolute discretion."
So the presentation box may be tossed into a donation box at their discretion. I know when I tried to tell ebay I had a coin shop, they determined then, due to the terms of service , that they have A Coin Shop, and I work for them.
Why would you send such items to eBay. Send them to the buyer once the item is authenticated.
Send me a PM so I can ask you a question if that's possible.
Thank you for posting your experience with the new eBay program. It's very helpful in confirming how the program works.
Nothing. You still only pay shipping once. The shipping to the customer is paid by eBay.
All comments reflect the opinion of the author, even when irrefutably accurate.
Thank you; I didn't consider it a risk as it is a double counterfeit! I was refunded everything including any shipping costs.
Jack