Should ebay ban grades?

So wait, you are getting on Mike for selling a coin he thought was a fair price.

You even admit his coin was nicer, and yet there is still a problem somewhere?

What if his coin was undergraded, or better yet, what if your coin was over graded? It's also not uncommon to see prices increase when grades go up.

I don't understand the issue here. From my dealings with Mike he has been very forthcoming and always willing to work things out as best he can.

I see no problem. He's happy and the buyer was happy. What else matters?

 

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Uncertified coins have been and continue to be a problem and there really isn't much price variation on many certified coins, just check out the Heritage Auctions archives on any given coin and grade.

Sure dealers will try to sell uncertified coins with hypothetical grades at coin shows and ebay; they can't do that in any numismatic auction which requires certification.

I spoke to a long term shop owner locally recently and described how common the method is to offer raw material with hypothetical grades, he made a motion as if he were fishing.

There are many seasoned experts that advise never buy uncertified coins over "$X" and that makes a ton of sense.

 

All the cc gold in $10 and $20 denoms. have gone up quite a bit in the last six months. But for certifieds as there are too many problems that can potentially cause grading services to no grade coins like rim filings, which many buyers do not check for. The $25 fee is well worth it for the benefit of all concerned.

 

CDN quarterly III is still $1300/$2000, the price has not gone up in years, maybe they need to get lots of dealers to send them copies of recent transactions so they will adjust the price. Sure CDN is often off on actual market trades. Just check out what Doug Winter sell his coins for: http://raregoldcoins.com/inventory/coin-category/available-coins

 

Oh come on...you can't have it both ways. You either trust certified coins or you don't. What about that Seated Liberty that you were discussing in that other thread. You know, the one that was in a details NGC holder (a very good TPG) that you managed to get put into a problem free ICG holder (a non-reputable TPG) and sold it as such. If you were such a big believer in certified coins...you would have left that coin in a certified holder of a very reputable TPG.

What I am reading here...is uncertified coins are a problem...but so are certified problem coins. But, if you can get a certified problem coin into a problem free holder (even if that means using a non-reputable service)...it's a good thing. Is that right?

 

You want a fight, I'm not going to give you one "Camaro". You're a dentist not a numismatist.

Ebay has spelled out the rules for grading and certification. THAT IS THEIR LAW AND IF YOU ARE SELLING THERE YOU ARE OBLIGATED TO FOLLOW THEIR RULES.

Why don't you actually try to serve human beings and their dental needs?

 

I spoke with ebay and they agreed you should not be having grade descriptions in your listings without independent companies standing behind your coins.

 

AWWW SNAP!

 

I dont know any.

 

To which rule are you referring? Is it to the rule that says grades aren't allowed in the title? If so, despite what eBay might tell you over the phone their rules state: "The numeric grade (such as MS-65, VF-25) isn't included in the title, description, or item specifics of the listing." Therefore, using generalized grades such as "XF" or "AU" is allowed per eBay's policy. I also know that if you want to list a graded coin and list a numeric grade...it must be graded by PCGS, NGC, ANACS, or ICG. But, as any numismatist today knows...ANACS and ICG are not top tier grading services. They are known for overgrading and slabbing problem coins.

You are correct...I am not someone who makes my living selling coins. However, I have been studying coins for over 20 years and I know my stuff. One doesn't have to be a coin dealer to be a numismatist (if you are the numismatist you imply you are...I would think you would know this).

I'm not entirely sure why you are once again trying to change the subject of a thread by bringing up my profession. It's the same thing that happened in the last thread...and after one comment you accused me of being off topic.

 

Here are the E-Bay rules regarding raw coins taken directly from the E-Bay website:

E-Bay Stamps Currency & Coins Policy

A raw coin is one that hasn't been graded by a coin grading company, or has been graded, but not by an approved grading company.
Listings for raw coins must follow these guidelines:

• The numeric grade (such as MS-65, VF-25) isn't included in the title, description, or item specifics of the listing.
• No estimate of value (even if personal opinion) or reference to a price guide is included in the title or description.
• The listing includes photos of the front and back of the coin being sold. Stock photos and images that are dark, out of focus, edited, or misleading aren't allowed.
• The starting, reserve, or Buy It Now price for the coin is less than $2,500.

Notice that it specifically states that a numeric grade can't be included but it does not say that you can't include a generic opinion of grade using letter grades.

 

They thought you were referring to numerical grades. Ebay phone support are not people who know coins or the grading system. They simply look at their own published policy. They see it says numeric grades are not allowed, but does not mention anything about letter only grades being allowed. In their minds there is only one type of grading, the one the policy mentions. So when you ask them about grades in titles/descriptions, they do not recognize there is any difference in the type of grades one can provide.

 

Not a Doctor, attorney, engineer, or dentist, just a school teacher, but how about Robert W Julian? John D Wright, Computer Engineer? Denis Loring, Actuary?

Bob has written many articles on 18th century US coinage, has done research at the Hermitage and wrote a standard reference on Russian silver coinage before the revolution. John it the top authority of middle date large cents and wrote the standard reference. Denis it probably the top authority in the country on proof large cents, and is an expert on early date cents. All three of them can be found on the contributors page of the Redbook. I'm sure there are plenty of others.