EBay Ends Replica Coin Sales.

I just got this Email:



The eBay marketplace for coin collecting is vibrant. Buyers and sellers alike enjoy access to both a great selection and a highly engaged community.
Customers within the Coins & Paper Money category have told us that the ability to shop and sell confidently on eBay is an important factor for them.

Based on this feedback, and after closely reviewing the coin experience on eBay, we have decided to update eBay's Stamps, currency, and coins policy
to disallow replica coin listings on eBay.com, effective February 20. Any replica coin listings on eBay on February 20 will be allowed to end normally.

This update reflects standards across the coin industry and helps ensure compliance with applicable laws that require replica coins to be permanently
marked with the word "copy." We also expect that this update will increase marketplace confidence by letting our community know that coin listings on
eBay are authentic, so they'll receive the most positive eBay experience possible. As always, thank you for selling on eBay.

Sincerely,
The eBay Seller Team

 

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...as millions of people in China scurry to find new ways to get their great counterfeits to the States. How else will they be able to "make your collection more perfect?"

 

Too bad Ebay couldn't just say, US coin sellers only on the US ebay site. At least North America sellers only that way eliminating China and their mission to destroy the USA.

 

It's sad, Fretboard. But they will find a way to get their garbage here, and they will find plenty of dishonest people here to sell them to unsuspecting collectors. Some will do anything to make a buck, and still sleep at night.

 

Wow. I did not see that coming at all.

 

LOL! Because Chinese counterfeiters certainly don't have their own websites to support direct sales. And Americans certainly don't buy coins directly from those websites, and then resell them on eBay.

 

I'm glad they are doing this. Fakes aside, I hated having to rummage over "copy" coins.

 

Yeah, well I hated having to engrave "replica" on those coins, because the Chinese forgot to.

 

That wouldn't be fair to the actual reputable dealers and or sellers outside of the U.S.. Our currency is collected worldwide, limiting the sales to just the U.S. only or North America would not be good.

 

I read it was because of action on the PNG's part.

 

I've gotten a few Chinese replicas of key cents I couldn't afford, and while they showed "Copy" stamped on them in the Ebay pictures, they arrived without it. On close examination they aren't the highest quality, but I suppose they might fool someone that doesn't know any better. US replicas I've gotten did have the "copy" stamped on them.

 

Bravo.

 

Great news. Here is a real 1892 Morgan and a fake unmarked 1879-S Morgan that I bought from a Chinese seller as a test. Aside from being a little underweight, these are really pests at pawn shops, flea markets, mom & pop coin shops, and to new collectors.

 

This will only prevent the sale of legal copies. Unmarked counterfeits are not usually sold as replicas to begin with, so this change is a moot point that only hurts people being honest about their replica coins. The Chinese and other counterfeit spewers will keep doing what they do, often from US based eBay accounts. I think this gives people false confidence and sets them up to buy convincing fakes under the guise that eBay no longer has replica coins.
Way to go PNG.

 

This is a good step IMO

 

I wonder what eBay will do about auctions that include statements like:

"I don't know whether these coins are genuine"

"I got these coins from my grandma, she said some of them are copies but still worth something"

"I am not a coin expert, what you see is what you get"

"This lot includes US coins and tokens" ("California Gold Tokens" are numerous enough to deserve their own eBay category)

I also wonder about all the stupid "miniature gold coins".

 

Yeaaaaaaaaaaaaaaaa!

 

Good to see ebay taking a step in the coin listings. Now if they only made it a bit more strict about counterfeit coins.

 

Only 20 more minutes to list them. After all of those that are now listed, are sold, we should see no more!:thumb:

 

I'm with JeffB about this.

The sellers will just either not say anything regarding the coin being fake or say they don't know what it is.

This policy only stops coins that are stamped replica/copy, which aren't really a problem imo. It's the coins that aren't stamped.