Discussion in 'Modern Chinese Coins & Medallions' started by PeacePeople, Apr 17, 2012.
Fishball ... you are a data machine !
Fishball is awful!
Fixed that for you.
New Ebay policies ...
Starting May 30, all new listings and relistings in coin categories will need to meet the following requirements:
First, listings for coins will be allowed to include a numeric grade in their listing title or item description only if the coin grading company meets certain objective standards.* Coins that haven't been graded by these companies will be considered raw or ungraded. Currently, eBay has determined that only the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) meet these standards.
Second, for US Coins only, grading by companies meeting these standards will now be required for all coins listed with a Buy It Now, reserve, or start price of $2,500 and above.
And the most important thing. If you have a coin with toning or will you save it for a lot of years is better ncs first it and later ngc. Pcgs for now dont have the conservation service. I only have a pcgs coin in ms68 unicorn 1/20 gold because i buy it for less than bullion value.
What are the objective standards?
Coins that haven't been graded by these companies will be considered raw or ungraded. Currently, eBay has determined that only the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) meet these standards.
Basically if a coin is not graded by NGC or PCGS it is a raw coin and must be listed as so ...
Hmm.. what will happen to graded ASEs then? Or graded Platinum US coins?
They're not worth $2500+.
Doesn't mean you can't list them - just that if you are going to list them for $2500+ then they must be graded.
Bigger problem is if you have a coin that is worth $2500+ that is not graded. You would have to start the bidding at below $2500.
Thanks I misread that lol.
Hmm. This is unfair to ANACS.
Indeed. I was given the impression that ANACS is still very good at US coin grading despite being bad at everything non-US.
However this move will be good in removing those "Precious Coin Grading System" and other false 'grading companies' out there trying to make a quick buck through deceit.
Isn't ANACS the one that graded all the 2010 ATB bullion coins MS70 for one of the TV shopping networks? Not much credibility after doing something like that.
Ahh yeah you're right. They pretty much only sell on the Home Shopping Network to people who don't know any better.
I mixed them up with one of the other grading companies (PCG? PCI? or something else? I forget).
ANACS was a decent grading company, until NGC and PCGS buried them with capital improvements and market share. Now they do carnival stuff like HSN ATB's and other non-sense.
There are gem in old ANACS holder non bullion coins.
I hate to see ebay stopping people from selling this type of gem coins.
Yea I was pleased with the few ANACS 70's that I bought really cheap, busted them out & submiited them ... got nice looking 69's
I agree ... I don't like the new policy. Let the people vote with their own money.
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