Effective Feb. 20, eBay will prohibit the sale of replicas of U.S., world and other historic coins into the U.S. market on eBay.com.
Officials of eBay formally announced Jan. 18 that the firm’s major policy change in the coins category represents the online auction company’s commitment to improve the buying, selling and collecting experience on eBay, including reviewing listings that may violate eBay policy prohibiting counterfeit coins.
As part of the policy update, new listings and relistings will be prohibited beginning Feb. 20; listings will be permitted through Feb. 19. Listings that are still open on Feb. 20 will be allowed to run out to their closing dates.
The policy change extends to replicas marked COPY as required under provisions of the Hobby Protection Act. The policy change also extends to contemporary counterfeits of U.S. coins produced to circulate alongside genuine issues. The policy does not exclude the sale of paper money replicas.
The policy change follows a number of meetings and discussions between officials of both eBay and the Professional Numismatists Guild.
As part of its collaboration with PNG, eBay officials anticipate establishing a program to better educate collectors about the PNG and its trusted member-dealers, and to ensure the coin experience on eBay meets industry standards.
Officials of eBay made a brief presentation about the proposed policy change Jan. 4 during a PNG members-only meeting held in conjunction with the Florida United Numismatists convention in Orlando.
Fuller coverage will appear in the print and digital editions of the Feb. 6 Coin World Special Edition. ■