Earlier this morning, eBay sent the following message to its community of coin buyers and sellers. This is welcome news for those of us in the industry because many collectors have found the venue to be loaded with confusing offerings of real coins and replicas. I have been told personally by senior executives at eBay that this is the first step of many that the organization is taking to improve the rare coin and bullion categories. From my perspective, this is welcome news that has been long overdue. A better eBay is better for the coin business overall we’re looking forward to working with eBay in the future as they continue their improvements.
Dear xxxx,
The eBay marketplace for coin collecting is vibrant. Buyers and sellers alike enjoy access to both a great selection and a highly engaged community. Customers within the Coins & Paper Money category have told us that the ability to shop and sell confidently on eBay is an important factor for them.
Based on this feedback, and after closely reviewing the coin experience on eBay, we have decided to update eBay’s Stamps, currency, and coins policy to disallow replica coin listings on eBay.com, effective February 20. Any replica coin listings on eBay on February 20 will be allowed to end normally.
This update reflects standards across the coin industry and helps ensure compliance with applicable laws that require replica coins to be permanently marked with the word “copy.” We also expect that this update will increase marketplace confidence by letting our community know that coin listings on eBay are authentic, so they’ll receive the most positive eBay experience possible.
As always, thank you for selling on eBay.
Sincerely,
The eBay Seller Team
