Your title isn't quite correct. Milk spots are a well known problem that occurs after grading, and none of the grading services is immune from it. There are plenty of spotted coins in PCGS and NGC holders, too. The coins are graded as they appear during grading. The spotting comes later.
The advice shouldn't be to avoid ANACS MS70s, but to check any Silver Eagles in any holder, 70 or otherwise. All are prone to spotting. I can show you countless PCGS and NGC 70s I've handled that are far worse than your coin.
I might also suggest that given the propensity for these coins to turn after grading, don't pay a significant (if any) grade premium for silver bullion. Right now, a coin's quality over time is simply too unstable.
@airplanenut said:
Your title isn't quite correct. Milk spots are a well known problem that occurs after grading, and none of the grading services is immune from it. There are plenty of spotted coins in PCGS and NGC holders, too. The coins are graded as they appear during grading. The spotting comes later.
The advice shouldn't be to avoid ANACS MS70s, but to check any Silver Eagles in any holder, 70 or otherwise. All are prone to spotting. I can show you countless PCGS and NGC 70s I've handled that are far worse than your coin.
I might also suggest that given the propensity for these coins to turn after grading, don't pay a significant (if any) grade premium for silver bullion. Right now, a coin's quality over time is simply too unstable.
I agree.
I also suggest that anyone with a Silver Eagle that they are intending to submit for permanent encapsulation, that they "dip" it first. I believe doing so will diminish the chances of any future "milk spots" forming.
@airplanenut said:
Your title isn't quite correct. Milk spots are a well known problem that occurs after grading, and none of the grading services is immune from it. There are plenty of spotted coins in PCGS and NGC holders, too. The coins are graded as they appear during grading. The spotting comes later.
The advice shouldn't be to avoid ANACS MS70s, but to check any Silver Eagles in any holder, 70 or otherwise. All are prone to spotting. I can show you countless PCGS and NGC 70s I've handled that are far worse than your coin.
I might also suggest that given the propensity for these coins to turn after grading, don't pay a significant (if any) grade premium for silver bullion. Right now, a coin's quality over time is simply too unstable.
This.
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
@Smudge said:
Just cannot understand having bullion certified.
I like the idea of certified bullion for the protection and warranty a slab offers. If nothing else, slabs are a big help when and if a person decides to sell. Just don't over pay just for the plastic.
The white spots mentioned are a problem regardless of the holder, as most form after being slabbed. Just one thing to be aware of. I buy them well after the issue date on the secondary market, and look hard for them.
Comments
Your title isn't quite correct. Milk spots are a well known problem that occurs after grading, and none of the grading services is immune from it. There are plenty of spotted coins in PCGS and NGC holders, too. The coins are graded as they appear during grading. The spotting comes later.
The advice shouldn't be to avoid ANACS MS70s, but to check any Silver Eagles in any holder, 70 or otherwise. All are prone to spotting. I can show you countless PCGS and NGC 70s I've handled that are far worse than your coin.
I might also suggest that given the propensity for these coins to turn after grading, don't pay a significant (if any) grade premium for silver bullion. Right now, a coin's quality over time is simply too unstable.
I agree.
I also suggest that anyone with a Silver Eagle that they are intending to submit for permanent encapsulation, that they "dip" it first. I believe doing so will diminish the chances of any future "milk spots" forming.
This.
I like the idea of certified bullion for the protection and warranty a slab offers. If nothing else, slabs are a big help when and if a person decides to sell. Just don't over pay just for the plastic.
The white spots mentioned are a problem regardless of the holder, as most form after being slabbed. Just one thing to be aware of. I buy them well after the issue date on the secondary market, and look hard for them.