Thursday, May 3, 2012
eBay's Coin Auction Policies Being Expanded by 'Partnering' with Coin Cabalists
Posted by Charleston Voice
Published by Charleston Voice, 5.3.12
Experienced coin buyers will recognize eBay is expanding its squeeze on the smaller coin dealers/individual sellers on its auction platter.Eliminating competition is the goal of these coin dealer insiders represented by something called the Numismatic Consumer Alliance.
As you'd expect the NCA is taxpayer-subsidized by cloaking its "consumer protection" deception as a "New Jersey Nonprofit Organization".
It's founder, John Albanese of Blanchard still has close ties to two of the three authorized eBay-approved "coin certifiers", PCGS and NGC. From our lifelong familiarity, Blanchard has always been a high premium dealer with their products usually plentifully available elsewhere at lower prices. Marketing is their strength, not quality with competitive pricing.
In effect this 'partnering' (conspiring?) of the larger dealers with eBay is just another step to dislodge consumer grading judgement by entrusting "experts". These corrupting coin cabalists will do much to discourage newbies from entering the coin collecting hobby.
We, and you too, should remove all the dealer contributing participants from your preferred list of trusted dealers.
ANACS, ICG implementing compliance plans; SEGS is undecided