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Be careful buying rare coins on ebay
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<p>[QUOTE="Paul M., post: 3659670, member: 73165"]Certified coins can only be listed as certified coins with numerical grades from ICG, ANACS, NGC, and PCGS. These companies all have online cert verification and have encapsulated a certain number of coins, so are therefore trusted by eBay. I think the number of coins certified is absurdly low, like 50k, maybe? </p><p><br /></p><p>Other certified coins can be listed as raw coins, with the certification company and numerical grade obscured from photos and not mentioned in the listing. Raw coins can only be listed with a descriptive grade, such as VF, Choice XF, Gem UNC, etc.</p><p><br /></p><p><i>However...</i> people frequently do list basement slabbed coins with numerical grades showing in photos. I haven't seen many instances of the grade itself being mentioned in the description, but I'm sure it happens.Blatant fakes and unmarked replicas abound as well.</p><p><br /></p><p>All in all, eBay is a minefield if you're looking to buy raw coins, but fairly good (in terms of getting what you paid for) on certified coins.</p><p><br /></p><p><br /></p><p><br /></p><p>Which version serves eBay's interests better: disappearing the listing entirely, or marking it as "removed"? I'm not sure I have the answer to that, but I think we can infer eBay's answer.[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 3659670, member: 73165"]Certified coins can only be listed as certified coins with numerical grades from ICG, ANACS, NGC, and PCGS. These companies all have online cert verification and have encapsulated a certain number of coins, so are therefore trusted by eBay. I think the number of coins certified is absurdly low, like 50k, maybe? Other certified coins can be listed as raw coins, with the certification company and numerical grade obscured from photos and not mentioned in the listing. Raw coins can only be listed with a descriptive grade, such as VF, Choice XF, Gem UNC, etc. [i]However...[/i] people frequently do list basement slabbed coins with numerical grades showing in photos. I haven't seen many instances of the grade itself being mentioned in the description, but I'm sure it happens.Blatant fakes and unmarked replicas abound as well. All in all, eBay is a minefield if you're looking to buy raw coins, but fairly good (in terms of getting what you paid for) on certified coins. Which version serves eBay's interests better: disappearing the listing entirely, or marking it as "removed"? I'm not sure I have the answer to that, but I think we can infer eBay's answer.[/QUOTE]
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Be careful buying rare coins on ebay
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