Yesterday, eBay launched a new policy in its Coins Category, which will ensure that
any coins listed as certified must be certified by one of four grading companies.
“The ANA supports this effort to improve consumer protection for people buying and
selling coins on eBay,” said ANA President Barry Stuppler. “Although the ANA is not
responsible for this policy, we support any effort to reduce the potential for fraud
and to help safeguard the coin-collecting hobby.”

The ANA has worked with eBay since September 2004, and through the Coins
Community Watch group has assisted eBay in identifying misrepresented or
fraudulent listings in the on-line auction company’s coins category. During this
period, the ANA emphasized to eBay the need to establish regulations designed to
minimize the opportunity for consumer fraud. (more…)