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Two More Grading Firms Make eBay Requirements

 

Two more third-party grading services have now met the new listing requirements imposed by eBay for coins offered on the Internet auction and sales site.

The Independent Coin Grading Service and ANACS join the Professional Coin Grading Service and Numismatic Guaranty Corporation as qualified to have their coins listed on the eBay website with numerical grades in their titles and descriptions.

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Deadline for these and other firms to comply with eBay’s new requirements was May 30.

Coins graded by third-party grading services that do not meet these requirements will be listed online as if they are not slabbed.

The six eBay requirements met by the four grading firms are:

• Graded 50,000 or more pre-1956 coins
• Have an online population report
• Employ at least three numismatic expert graders, one of whom is a member of the Professional Numismatists Guild, and all are members of the American Numismatic Association
• Buyback guarantee for coins that turn out to be counterfeit, damaged, misgraded or misattributed
• Coins must be slabbed in “unique, state-of-the-art, tamper-resistant holders with anti-counterfeiting measures”
• The grading service must have online verification of unique serial numbers on its holders.

Any U.S. coins with a “Buy It Now” reserve on the eBay site, or a start price of $2,500 and above, will be required to be graded by third-party grading services that meet these new standards.

Also coins for eBay’s “Good ‘Til Cancelled” listings will have until June 30 to comply with the revised policy.

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2 Responses to Two More Grading Firms Make eBay Requirements

  1. hrlaser says:

    “Any U.S. coins with a “Buy It Now” reserve on the eBay site, or a start price of $2,500 and above, will be required to be graded by third-party grading services that meet these new standards.”.. this is nuts.. try to find a 2009 UHR for under $2500.00 anywhere.. it can’t be done, which means no more UHRs in OGP on eBay.. not even in a Mint-sealed box!?.. now anyone who wants to sell one on eBay will HAVE to have it slabbed, or start it at a price lower than $2500.00, and roll the dice, hoping it gets bid up over three grand, which is the typical, going price for a raw UHR.. whoever at eBay came up with this ridiculous new rule should be taken out behind the proverbial woodshed and spanked..

  2. randyv says:

    Another eBay great idea…Requiring Good Till Cancelled listings essentially removes lower cost items from this mix as the grading fees will mandate a $20 – $25 minimum. I understand having the higher cost items slabbed as a guarantee of authenticity, buy OGP items should be allowed. As an eBay seller that normally has lower cost items available, this will open other opportunities for me away from eBay. If they’re afraid of unethical sellers, why not require verified ANA membership?

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