Ethics question (re: acetone dipping)…
FloridaBill
Posts: 896 ✭
Not all flippers are bad. I need guidance as to if a contemplated action is both ethical and acceptable.
A while ago, I bought 100 2006-W ASE PCGS MS69 from a board member here. At the time, I thought that since PCGS didn’t 70, and it was early in the process, I had a better than average chance of having several cross to NGC as 70s.
Fast forward to today, and 75% of these have milk spots visible at 5x. So, should I crack and “do the acetone dip” and then resubmit for grading? If not for the milk spots, several look flawless to these old eyes.
FloridaBill
A while ago, I bought 100 2006-W ASE PCGS MS69 from a board member here. At the time, I thought that since PCGS didn’t 70, and it was early in the process, I had a better than average chance of having several cross to NGC as 70s.
Fast forward to today, and 75% of these have milk spots visible at 5x. So, should I crack and “do the acetone dip” and then resubmit for grading? If not for the milk spots, several look flawless to these old eyes.
FloridaBill
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Send them in for the spot review and get them downgraded or bought out from under you.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Once the milkspots have established themselves, acetone (nothing actually) will remove them.
Send them in for the spot review and get them downgraded or bought out from under you. >>
<< <i>Once the milkspots have established themselves, acetone (nothing actually) will remove them.
Send them in for the spot review and get them downgraded or bought out from under you. >>
Doesn't NCS have a process for removing milkspots?
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<< <i>Doesn't NCS have a process for removing milkspots? >>
Nope. Sometimes they can reduce minor ones a little, but even they cannot completely remove them.
Russ, NCNE
>>>> The ethics show up when you tell people what you have and they purchase them with full disclosure.
*chuckle* That's why I have become such a believer in PCGS plastic. At first, it was frustrating to hear that PCGS wasn't going to '70' any W-ASE coins. Now, it just makes their grading and guaratee seem all the better.
--- and if you do end up with milky PCGS-slabbed ASEs (that someone has doctored or NOT) you have that guarantee.
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<< <i>Doesn't NCS have a process for removing milkspots? >>
Nope. Sometimes they can reduce minor ones a little, but even they cannot completely remove them.
Russ, NCNE >>
this is true.
where the spot occurs the surface of the metal has been "etched" by the impurities in the rinsing and drying process. there is no reversing the damage.
<< <i>No wonder PCGS is offering $50,000 for a solution to the spotting problem. Personally I'd sell them all and be happy if I recovered my costs. >>
has thi problem been resolved by pcgs? I could use 50 grand.
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
K S
If you sent them for review, is it worth it if they decide its a 68 or 67?- is there a price difference vs a 69?
if not it would not justify any more investment in this bullion.
<< <i>
<< <i>No wonder PCGS is offering $50,000 for a solution to the spotting problem. Personally I'd sell them all and be happy if I recovered my costs. >>
has thi problem been resolved by pcgs? I could use 50 grand. >>
No it has not.
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<< <i>
<< <i>Doesn't NCS have a process for removing milkspots? >>
Nope. Sometimes they can reduce minor ones a little, but even they cannot completely remove them.
Russ, NCNE >>
this is true.
where the spot occurs the surface of the metal has been "etched" by the impurities in the rinsing and drying process. there is no reversing the damage. >>
SEM shows that contaminants that cause the spotting probably accumulate in areas of the coin that are already rough.
<< <i>Not all flippers are bad. I had a better than average chance of having several cross to NGC as 70s.
Trust me My friend Bill, Ngc is tuff on ASE's also and you will be wasting your funds if you try.
Ngc isn't as bad as people say. Every Top grading company has their way of bumping up certain types of coins compared to other. NGC is a member of the ANA and this shouldn't be taken lightly. Good Luck, PM me and maybe I will buy a few if the price is right.
<< <i>Milk spots aside, was the original plan to put MS69 coins in MS70 holders and sell them as such ethical? >>
this is not a question of ethics.
K S
<< <i>Milk spots aside, was the original plan to put MS69 coins in MS70 holders and sell them as such ethical? >>
By "put" I assume you mean "resubmit for upgrade." If so then yes. PCGS didn't have the 70 grade available at the time these 100 were graded. I see no ethical concern with letting a third party determine a grade and guaranteeing it.