Ebay Throws ANACS Under the Bus

There are many good coins in ANACS and ICG slabs which will now be
unmarketable and unsearchable on eBay with these new rules. I spent
several thousand dollars with ANACS recently on varieties and ancients
which are two categories that people will (righly so) never buy unless
attributed and certified by a reputable grading service. Now eBay will
consider these raw, and neither the name of the service nor the grade
can be listed in the title or description. And you can't search from a photo.

 

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fight this stupid new policy!

I just called 2 departments and wrote ebay a letter to their comments and questions department.

If anyone wants the email for that department in ebay PM and i can give you ebays direct corp headquarters number too.

 

If I read this correctly (big if) and if they don't revise it later. you can still say the coins are certified by ANACS or IGC. I see no mention that the use of their names is prohibited either in the title or description. However, why they would now threat these 2 as in-betweens escapes me.

 

Frankly I hate ebay's litany of stupid rules. I wouldn't sell there.

I personally prefer ANACS over NGC or PCGS. I think ANACS grades most coins more accurately than the other two.

 

This won't stop that. I hear dealers say that all day long about ALL grading services.

 

No - the fact that they excluded ANACs is bad, very bad. But the restriction of slabbers was extremely important because of the VAST amount of fraud that was happening. They need to get a small grouop of experts to accredit graders.

Ruben

 

In all of the years I have never searched for varieties or errors using any TPG name in the search. If I want a "1888/7 Indian Cent" that is how I will search, or with the Snow #. So I don't think much will change that. Also attribution accuracy was not in the Ebay change, only numeric grades, so ANACS ability as people perceive it should not be threatened. They do have some top attribution people, but that doesn't always translate to top grading.

Jim

 

Could PCGS & NGC be in cahoots with ebay and trying to find a way to shut down or steal more from their competitors?

 

Ebay as a public company has a market cap of 46 billion, PCGS ( under Collectors universe) as a public company has a market cap of 125 Million, so no I do not think Ebay would be in "cahoots", as they could just buy them. NGC I think is a privately held concern ( Collectors society), but I believe it is smaller than PCGS

 

I doubt it. The top two dominate the TPG market enough so that it wouldn't be a big deal, although there could be a temporary increase in submissions due to cracking out ANACS holders which shouldn't really have any effect.

 

Webstore

 

that is what Microsoft told the Record and Movie Industry in the DRM Copyright hearings. It was kind of funny and made the Record Industry reps faces turn ashen white.

Ruben

 

I suppose that NGC, as a company, should publicly pronounce itself in direct relation to this peculiar inconsistency by eBay. (In the meantime, NGC won't be receiving more money from my part.)

 

Uh, no. You cannot list a numerical grade anywhere in your listing or description unless it was bestowed by NGC or PCGS.

 

You beat me to it ! LOL

 

This rule takes effect on May 1, 2012.

 

I prefer this site for selling and buying coins. The price is right and you're left alone to do as you see fit: www.wensy.com

 

Not only smell, but drink that wonderful delicious coffee goodness! Mmmmm.. C o f f e e e e e !

I don't even seek out slabs, I buy raw coins and I still think this benefits me as well. No more of those ridiculous sellers throwing 10 million dollar buy it now or make me offer coins.

 

Well, I just sent a Morgan Dollar into ANACS that had been in an OGH and graded MS-64. It came back from ANACS a 63. I have other examples I could cite. I send lots of coins into all 3 TPGs and the notion that ANACS gives out cookie grades is laughable. What this really seems about is that PCGS and NGC are tired of ANACS undercutting them on price. ANACS is the only major TPG that offers discounts. This must drive the other two up the wall. If I use an ANACS coupon I can get 10 goins graded for around 100 bucks plus shipping. I have to spend that much to get 4 coins graded by PCGS.