Just did some research.
According to eBay's policy having multiple accounts is allowed. However, they expressly forbid having multiple accounts to bypass restrictions or limits.
If you have two accounts, you are supposed to keep them seperate. No cross-postings, different email addresses, etc. Apparently you can link multiple accounts to one paypal. eBay does warn that if you have multiple accounts and one account gets disciplined, the discipline will apply to all accounts. What I don't quite understand about that is how eBay knows you are operating multiple accounts.
They do not formally define what it means to use an account to bypass limits. But Chris did say that he is starting a new account to get new selling limits. So that makes it sound like he is breaking the rules.
On the other hand, I am not quite sure what he is supposed to do. His other account is currently being disciplined, but is still active (he is still selling those coins). Does that mean that the rule that he is not allowed to open multiple accounts doesn't apply to him anymore? Or that he is supposed to keep his combined sales below the limit from his other account? Is he in charge of applying that discipline. The rule seems confusing enough that I am not sure how he is supposed to follow the rules if he wanted to.
Source:
http://pages.ebay.com/help/policies/multiple-accounts.html
http://pages.ebay.ca/help/account/questions/second-account.html