Ebay Coin Policy violates anti-trust laws

Ebay is going down the wrong road with this new policy. Not only are
legitimate companies excluded from the group of APPROVED companies but look
at who advised them.

All of the companies who advised them are made up of Coin Dealers
themselves. What I mean is that the people who work for these APPROVED
companies are Coin and Currency dealers themselves. Can you find a better
way to eliminate your competition on the largest classifed ad site on the
internet. Yes, Ebay is a classified ad site with the procedures of an
auction house but none of the rules that govern an auction.

This action has all of the making of a monster class action lawsuit with
Anti-Trust being the center piece. I'm surprised this got approval of ebay's
legal department and I'm further surprised that of the entity that advised
them or recommend them to take this action. They have legal exposure too.

The definition of Anti-trust has the following three main elements or
components of action taken by a company.


1. It may prohibit agreements or practices that restrict free trading and
competition between business entities. This includes in particular the
repression of cartels.

2. It may ban abusive behavior by a firm dominating a market, or
anti-competitive practices that tend to lead to such a dominant position.
Practices controlled in this way may include predatory pricing, tying, price
gouging, refusal to deal and many others.

3.It may supervise the mergers and acquisitions of large corporations,
including some joint ventures. Transactions that are considered to threaten
the competitive process can be prohibited altogether, or approved subject to
remedies such as an obligation to divest part of the merged business or to
offer licences or access to facilities to enable other businesses to
continue competing.

The new policy by Ebay definitely violates number one and two above.

Coin collectors... we may be looking at the downfall of buying and selling
coins, etc. on eBay. I hate to see that as I am a loyal eBayer and feel
cheated that eBay didn't put this action out to the community before
implementing it.

The Failure to timely announce the new policy gave certain vendors time to
clear out their inventory without being hit by the downside of this brutal
action. Is there a conspiracy here?

http://myworld.ebay.com/ssgtnewton

On Nov 14, 12:02 pm, "Sergeant Newton" wrote:
Ebay is going down the wrong road with this new policy. Not only are
legitimate companies excluded from the group of APPROVED companies but look
at who advised them.

All of the companies who advised them are made up of Coin Dealers
themselves. What I mean is that the people who work for these APPROVED
companies are Coin and Currency dealers themselves. Can you find a better
way to eliminate your competition on the largest classifed ad site on the
internet. Yes, Ebay is a classified ad site with the procedures of an
auction house but none of the rules that govern an auction.

This action has all of the making of a monster class action lawsuit with
Anti-Trust being the center piece. I'm surprised this got approval of ebay's
legal department and I'm further surprised that of the entity that advised
them or recommend them to take this action. They have legal exposure too.

The definition of Anti-trust has the following three main elements or
components of action taken by a company.

1. It may prohibit agreements or practices that restrict free trading and
competition between business entities. This includes in particular the
repression of cartels.

2. It may ban abusive behavior by a firm dominating a market, or
anti-competitive practices that tend to lead to such a dominant position.
Practices controlled in this way may include predatory pricing, tying, price
gouging, refusal to deal and many others.

3.It may supervise the mergers and acquisitions of large corporations,
including some joint ventures. Transactions that are considered to threaten
the competitive process can be prohibited altogether, or approved subject to
remedies such as an obligation to divest part of the merged business or to
offer licences or access to facilities to enable other businesses to
continue competing.

The new policy by Ebay definitely violates number one and two above.

Coin collectors... we may be looking at the downfall of buying and selling
coins, etc. on eBay. I hate to see that as I am a loyal eBayer and feel
cheated that eBay didn't put this action out to the community before
implementing it.

The Failure to timely announce the new policy gave certain vendors time to
clear out their inventory without being hit by the downside of this brutal
action. Is there a conspiracy here?

http://myworld.ebay.com/ssgtnewton

eBay isn't stopping anyone from selling coins from non-approved TPGs,
it's just limiting wording in the auction.
Is ebay's policy ill-conceived and poorly implemented? Yes, without a
doubt.
Is it illegal? Nope.

On Nov 14, 6:02 pm, "Sergeant Newton" wrote:
Ebay is going down the wrong road with this new policy. Not only are
legitimate companies excluded from the group of APPROVED companies but look
at who advised them.

All of the companies who advised them are made up of Coin Dealers
themselves. What I mean is that the people who work for these APPROVED
companies are Coin and Currency dealers themselves. Can you find a better
way to eliminate your competition on the largest classifed ad site on the
internet. Yes, Ebay is a classified ad site with the procedures of an
auction house but none of the rules that govern an auction.

This action has all of the making of a monster class action lawsuit with
Anti-Trust being the center piece. I'm surprised this got approval of ebay's
legal department and I'm further surprised that of the entity that advised
them or recommend them to take this action. They have legal exposure too.

The definition of Anti-trust has the following three main elements or
components of action taken by a company.

1. It may prohibit agreements or practices that restrict free trading and
competition between business entities. This includes in particular the
repression of cartels.

2. It may ban abusive behavior by a firm dominating a market, or
anti-competitive practices that tend to lead to such a dominant position.
Practices controlled in this way may include predatory pricing, tying, price
gouging, refusal to deal and many others.

3.It may supervise the mergers and acquisitions of large corporations,
including some joint ventures. Transactions that are considered to threaten
the competitive process can be prohibited altogether, or approved subject to
remedies such as an obligation to divest part of the merged business or to
offer licences or access to facilities to enable other businesses to
continue competing.

The new policy by Ebay definitely violates number one and two above.

Coin collectors... we may be looking at the downfall of buying and selling
coins, etc. on eBay. I hate to see that as I am a loyal eBayer and feel
cheated that eBay didn't put this action out to the community before
implementing it.

The Failure to timely announce the new policy gave certain vendors time to
clear out their inventory without being hit by the downside of this brutal
action. Is there a conspiracy here?

http://myworld.ebay.com/ssgtnewton


The anti-trust laws, as you rightly point out, may do some of those
things. Before requiring Ebay to change its policies they would
normally have to determine that there is an actual reason to do so.

Doubtless we shall see how it turns out. You are of course have the
right to complain to the US government and see if the would like to
take a more active role.

On Nov 14, 11:32 am, RF wrote:
eBay isn't stopping anyone from selling coins from non-approved TPGs,
it's just limiting wording in the auction.

That is like saying a newspaper classified section isn't stopping car
dealers from selling Fords....
you just can't mention "Ford" or the model name or the price.

The motivation behind discriminating against PCI, SEGS and ICCS has to
be looked at
in light of paid-for endorsements of NGC by the PNG and the ANA.

Also after PCGS' parent company bought the FACTS/Certified Coin
Exchange, the
paper money trading section has banned all grading services except
PCGS and PMG (NGC)

Don't be surprised if they ban trading of ANACS, ICG and raw coins as
well.

If you can't put your competion out of business directly, just control
the distribution and
advertising of your competition, especially if you can get a non
profit organization such as
the ANA to be your "stooge" in a charade to "protect the collector."

That is like saying a newspaper classified section isn't stopping
car dealers from selling Fords....
you just can't mention "Ford" or the model name or
the price.
The motivation behind discriminating against PCI, SEGS and ICCS has
to be looked at
in light of paid-for endorsements of NGC by the PNG
and the ANA.
Also after PCGS' parent company bought the FACTS/Certified Coin
Exchange,
the
paper money trading section has banned all grading services except
PCGS and PMG (NGC)
Don't be surprised if they ban trading of ANACS, ICG
and raw coins as well.
If you can't put your competion out of business directly,
just control the distribution and
advertising of your competition, especially if you can get a
non profit organization such as
the ANA to be your "stooge" in a charade to
"protect the collector." Frank

Well said...

As a collector, I wouldn't want my options controlled by someone else.
If I collect graded coins by a less successful grader, that is my
choice...I would like to have the option for key word searches for those
graders...

On Nov 14, 2:33 pm, Frank Provasek wrote:
On Nov 14, 11:32 am, RF wrote:

eBay isn't stopping anyone from selling coins from non-approved TPGs,
it's just limiting wording in the auction.

That is like saying a newspaper classified section isn't stopping car
dealers from selling Fords....
you just can't mention "Ford" or the model name or the price.

That analogy is couldn't possibly be more erroneous. It doesn't even
pass the laugh test. Try again Frank.

"Sergeant Newton" wrote in message news:cTF_i.9794
This action has all of the making of a monster class action lawsuit with
Anti-Trust being the center piece. I'm surprised this got approval of
ebay's legal department and I'm further surprised that of the entity that
advised them or recommend them to take this action. They have legal
exposure too.

The definition of Anti-trust has the following three main elements or
components of action taken by a company.


1. It may prohibit agreements or practices that restrict free trading and
competition between business entities. This includes in particular the
repression of cartels.

2. It may ban abusive behavior by a firm dominating a market, or
anti-competitive practices that tend to lead to such a dominant position.
Practices controlled in this way may include predatory pricing, tying,
price gouging, refusal to deal and many others.

3.It may supervise the mergers and acquisitions of large corporations,
including some joint ventures. Transactions that are considered to
threaten the competitive process can be prohibited altogether, or approved
subject to remedies such as an obligation to divest part of the merged
business or to offer licences or access to facilities to enable other
businesses to continue competing.

The new policy by Ebay definitely violates number one and two above.

Coin collectors... we may be looking at the downfall of buying and selling
coins, etc. on eBay. I hate to see that as I am a loyal eBayer and feel
cheated that eBay didn't put this action out to the community before
implementing it.

The Failure to timely announce the new policy gave certain vendors time to
clear out their inventory without being hit by the downside of this brutal
action. Is there a conspiracy here?

http://myworld.ebay.com/ssgtnewton


Imbecilic lawsuit initiating fools make a mockery of American jurisprudence.
Nobody forces you to use eBay, or even like it. You signed up, made that
choice and a few other bad ones, according to your rather dismal feedback
tally. It is fools like you that make it so I pay way more than I should
for auto and health insurance, because you are busy clogging up the legal
system with your nonsensical lawsuits because you think you were wronged.

Ebay made a poor decision, the means to an aggrievance of your being wronged
is not a lawsuit, but a protest and by electing not to peddle your clutter
on eBay. Whilst their policy of late has arcane and ridiculous rules, they
were not made to hurt you as a seller, but rather to protect consumers.

On Nov 14, 5:18 pm, "Bruce H (BoxTurtle)"
wrote:
On Wed, 14 Nov 2007 11:33:44 -0800, Frank Provasek


Are you interested in buying any PCI, NTC, ACG or NNC coins at 25%
back of bid for the labeled grade, sight unseen?

Bruce (No, you're smarter than that. But some aren't)

I usually pay 100% of CCDN bid for PCI and SEGS coins.

On Nov 14, 7:38 pm, Frank Provasek wrote:
On Nov 14, 5:18 pm, "Bruce H (BoxTurtle)"
wrote:

On Wed, 14 Nov 2007 11:33:44 -0800, Frank Provasek

Are you interested in buying any PCI, NTC, ACG or NNC coins at 25%
back of bid for the labeled grade, sight unseen?

Bruce (No, you're smarter than that. But some aren't)

I usually pay 100% of CCDN bid for PCI and SEGS coins.

Well now we know how smart you are.

On Wed, 14 Nov 2007 18:18:50 -0500, "Bruce H (BoxTurtle)"
wrote:

On Wed, 14 Nov 2007 11:33:44 -0800, Frank Provasek
is alleged to have written:
On Nov 14, 11:32 am, RF wrote:

The motivation behind discriminating against PCI, SEGS and ICCS has to
be looked at
in light of paid-for endorsements of NGC by the PNG and the ANA.


ANA and PNG advised only. These are Ebays rules. ICCS does Canada, as
far as I know these rules only apply to American coins.

I have no idea, but I do think eBay should make an announcement
clearly stating that the rule applies just to US coins or that the
rule applies to all coins.

--


Tony Cooper
Orlando, FL