Is E-Bay limiting the # of grading Services it will accept?

[J.Cordeiro]

Here is a rumor, (repeat-RUMOR) that is hot off the rumor mill and getting a certain type of e-bay seller ? what?s the word for it?concerned.
It says:

?TO ALL EBAY SELLERS:
THE GENUISES AT EBAY HAVE DECIDED THAT ONLY PCGS, NGC, NCS, ANACS,
AND
ICG CAN BE LISTED AS 'CERTIFIED'. ALL OTHER SERVICES OR RAW COINS
CANNOT BE LISTED AS CERTIFIED OR WITH A NUMERICAL GRADE IN THE
TITLE OF THE AUCTION....
ALSO THE WHOLE SLABBED COIN MUST BE PICTURED. THEY WILL PERMANENTLY
REMOVE ALL OFFENDING AUCTIONS THAT DO NOT COMPLY...

This was sent to me by my ebay rep:
I did just receive some information on what we will be
changing.
The coins will need to be graded by one of these companies if they are
going to be listed as graded or certified coins:

? Numismatic Guaranty Corporation (NGC)
? Numismatic Conservation Services (NCS)
? Professional Coin Grading Service (PCGS)
? Independent Coin Grading (ICG)
? ANACS

If the coin is not graded by one of these companies, the coin would
need to be listed as uncertified. This means you would not be able to list
it as a certified coin. You can therefore not include a grading in the
title. You could reference the grading in the description.?

What would be the problem to the honest e-bay seller? Now you have to use a genuine certification company instead of ?Fly By Night Grading Service ? Here today, Gone Tomorrow.?
I have not been personally able to confirm this rumor but I for one would like it to be true, hopefully it will cut down on the obscene amount of overgraded coins that have popped up in the market lately.
Lets Keep our ears open.

[danglen]

WOW, that would really be cool if it were to become reality. Too many folks get burned by buying way overgraded pieces on the Bay of E, then I have to give them the bad news when they bring the coins into my shop. I wind up looking like the bad guy because I'm the messenger that has to tell them that their MS-66 coin is really an AU-50

[J.Cordeiro]

Several people have come forward and claimed to have received conformation from e-bay regarding the new policy change, which is supposed to take effect Sept 17. Here is the email, exactly as it was sent to me minus the edited out name.

NOW CONFIRMED SEE EMAIL BELOW

Dear ---,

Thank you for writing eBay in regard to our policies concerning the sale
of coins.

You are indeed correct that our policies will be changing shortly. On
September 17th our policy page regarding the sale of coins and currency
will be updated to include the following information.

When listing a certified coin, the coin must be certified by one of the
following authorized grading companies:

* Numismatic Guaranty Corporation (NGC)
* Numismatic Conservation Services (NCS)
* Professional Coin Grading Service (PCGS)
* Independent Coin Grading (ICG)
* ANACS

In addition, listings for certified coins:

* Must be assigned the appropriate grading attributes in each listing.
Sellers must select the appropriate grading attributes within the Sell
Your Item form, including "Grading Company," "Grade" and "Serial Number"
provided with that grading.

* The listing must include an image of the item, showing the coin in its
graded holder, front and back.

If the coin listed is not certified by one of the above authorized
grading companies, the coin is considered raw/uncertified and is subject
to additional requirements for their sale.

A raw or uncertified coin is defined as any coin not graded by one of
the authorized grading companies. Sellers are permitted to list these
items on eBay under the following conditions:
* A numeric grade is not included in the title of the listing, such as
MS-65, VF-25, etc. A numeric grade may only be included in the
description of the listing.
* The grading company or price guide is not referenced in the title or
description.
* A dollar value (even if personal opinion) is not included in the title
or description.

As of this time the policy is not being enforced and enforcement may not
be immediate as we work to make sure everything is working correctly.

We thank you in advance for your cooperation, and wish you luck with
your future eBay transactions.

Sincerely,
Akira

eBay Customer Support


I myself have not been able to verify this with ebay,
While it sounds like a great idea right now and if you listen really closely to the computer, you can hear the far off screams of some coin dealers? right through the screen, It might still be best to wait for definite conformation.

[J.Cordeiro]

In case you do not have these links, these are the 5 grading companies supposedly going to be allowed under the new E-Bay policy change.
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