eBay Hit with Lawsuit Over Coin Listing Policy
Posted by Posted by Jewelry News at Saturday, March 15, 2008 12:59 PM and is filed under American Numismatic Association,Ebay,Professional Numismatists Guild,Coin Auctions 
Seems like they're lawsuits popping up like daisies for eBay. Unfortunately, many of the actions filed against eBay are tucked away deep on the net. Unless you have all access to public records and/or you're very specific in your Google search, it's unlikely you'll come across eBay lawsuits unless you stumble upon them. While the following lawsuit is not brand new, it's one which needs the attention of those selling and buying coins on eBay.
A lawsuit was filed Jan. 10, 2008 against eBay, the American Numismatic Association (ANA) and the Professional Numismatists Guild (PNG) for defamation and unfair and deceptive trade practices.
The suit was filed in United States District Court for the Middle District of Florida by National Numismatic Certification, LLC (NNC), ASA Accugrade, Inc (ACG), PCI Coin Grading, Inc (PCI), Treasure Gallery, Inc., Sovereign Entities Grading Service, Inc.(SEGS) and Centsles, Inc.
Click Here to read the FULL story and the complaint.
A lawsuit was filed Jan. 10, 2008 against eBay, the American Numismatic Association (ANA) and the Professional Numismatists Guild (PNG) for defamation and unfair and deceptive trade practices.
The suit was filed in United States District Court for the Middle District of Florida by National Numismatic Certification, LLC (NNC), ASA Accugrade, Inc (ACG), PCI Coin Grading, Inc (PCI), Treasure Gallery, Inc., Sovereign Entities Grading Service, Inc.(SEGS) and Centsles, Inc.
Click Here to read the FULL story and the complaint.
The various grading companies are "brand names" for services which there is no fixed, enforcable standard. Indeed, seldom will two experts agree on the grade of a coin. The question becomes whether eBay has the right to ban certain BRANDS of the same product, especially since some of the APPROVED brands are ebay partners. Since ebay is "just a venue," market demand should determine the acceptability of certain brands of products.
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