New From Ebay!

[usernamealreadytaken]

I recently sold some coins on Ebay so hence the reason I just received the email below. I wonder if/when they roll this out for cards...


"As coin collecting continues to grow and thrive on eBay, customers have told us time and again that knowing they can buy and sell with confidence is important. We'll be updating eBay's Stamps, currency, and coins policy to help foster that confidence—this update may impact your coin listings.

Starting May 30, all new listings and relistings in coin categories will need to meet the following requirements:
•First, listings for coins will be allowed to include a numeric grade in their listing title or item description only if the coin grading company meets certain objective standards.* Coins that haven't been graded by these companies will be considered raw or ungraded. Currently, eBay has determined that only the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) meet these standards.
•Second, for US Coins only, grading by companies meeting these standards will now be required for all coins listed with a Buy It Now, reserve, or start price of $2,500 and above.


Good 'Til Cancelled listings will have until June 30th to comply with the revised policy. Listings that don't comply by these dates will be ineligible for relist or renewal and will be removed.

We've heard from both buyers and sellers that they'd like to see more coins on eBay graded by companies who meet high standards. These new requirements are an important step toward meeting these marketplace demands. Take action now to ensure your listings comply with these new changes.

As always, thank you for selling on eBay,

eBay Selling Team"

[phikappapsi]

Can't imagine it'll take long for this to move into the realm of cards.

PSA and SGC only? Be interesting to see what that does to the market, probably means more forgeries will be sold as "raw" instead of in of branded authenticators, which will just clobber the authentic raw market.