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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.
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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.

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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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