- Interviewer: David Lisot
ANACS announces its compliance with the new rules for listing coins on eBay.
The internet auction giant set new standards recently to help protect consumers and improve customer-dealer relations.
ANACS VP Paul DeFelice tells what it took to have their coins listed on eBay.
Background on the eBay Listings Rules
CoinWeek covered the original announcement by eBay on April 18. This announcement was made at a board meeting of the Professional Numismatists Guild (PNG) held at the Central States Numismatic Society (CSNS).
eBay Announcement to Member Dealers on May 21
Starting on May 31, only listings for coins that have been graded by one of the following companies may include a numeric grade in their listing title or item description:
· Numismatic Guaranty Corporation (NGC)
· Professional Coin Grading Service (PCGS)
· American Numismatic Association Certification Services (ANACS)
· Independent Coin Graders (ICG)
Coins that haven’t been graded by one of these companies will be considered raw.
Also, whenever you list or relist a single coin within the Coins:US category with a Buy It Now, reserve or start price of $2,500 or more, you are required to have your item graded by one of these companies. Good ‘Til Canceled listings will have to comply with the new policy starting on June 30. Bullion, collections, mixed lots, and sets of coins are excluded from this requirement.
Listings that don’t comply by these dates will be ineligible for relist or renewal and will be removed.
Copyright © CoinWeek – June 2012
The Long Beach Coin Expo is the largest coin show on the West Coast and sets the market mood for the country. Hear from some of the dealers who come from across America to trade coins in California as they share how business is going at the Expo.
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