2021 T-1 ASE NGC MS70... ARRRRGGGGHHH
SamFlanigan
Posts: 2 ✭
Got this a few months back, but its turned milky... CMON.. Its a 2021!!! 
1
SamFlanigan
Posts: 2 ✭
Comments
OUCH. Yes it goes to show me. I do not mess around with silver coins from the mints in 70 grades unless I’m paying the same as a lower grade, near spot. And sadly in the end, with that coin you are feeling a fall near the value of bullion.
That's the risk with modern bullion. MS70 grade in a new issue does not protect a SE from developing milk spots.
I am sure you are not alone.
What a bummer, I'd be aggravated too. Like Miles I stopped collecting modern silver coins for this reason, especially ASE's. Being a perfectionist, milk spots drive me nuts!
I purchase uncirculated ASEs but only for bullion. I have yet to see milk spots on any of the roughly a dozen ASE's I've purchased over the past decade. I feel for you for having this happen to a premium ASE.
To me, it seems a smart thing to do would be to wait a few years after their release before buying high-grade ASEs and modern commemoratives. However, I'm not familiar with the market for MS69 and MS70 ASEs and how it fluctuates after a release.
Same as the others above, I stopped collecting MS/PF70 ASE's in 2014 for the same reason. Milk spots drove me crazy.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I stopped chasing 70 .999 silver long ago, very susceptible to environmental variables. If you make a 70 unload it asap, jmo.
Milk spot and a fingerprint. Rough.
He who knows he has enough is rich.
@SamFlanigan .... Welcome aboard..... Such a shame.... Not much can be done now.... Cheers, RickO
Oh man, that’s a shame.
I used to be all-in on ASEs. I got out of the game when they started with reverse proofs and all those expensive issues. Didn’t matter if they were in tubes or slabs, they were plagued with milk spots.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Apparently the US Mint has some serious quality control issues. I wonder if they are aware of this situation and are working on a solution or if they even care.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I am so sorry sir! Not exactly how I like to welcome someone to the forum. That’s terrible. Thanks for posting as most of us have a nightmare story to tell and I appreciate your sharing. Lot of smart folks here hope you stick around 🐈🤠
🎶 shout shout, let it all out 🎶
They should have taken care of the milk spots years ago, just saying
I have a PCGS MS70 2021 T1 that is skimming over also. It is a shame to watch the progression.
The best advice is to stop chasing bullion coins in grades that only exist in plastic, MS70 being one of them. Treat bullion coins as bullion, nothing more. If you want to collect bullion coins by date just buy an album, look for a nice raw example, stick it in the holder and don't worry about what "plastic" grade it may achieve. This will save you a lot of money.
That is the biggest milk spot that I've ever seen on any coin.
yes maybe 69+ money on the bay
Keep in mind that this is a bulk bullion coin that does not receive the extra fabrication steps that the unc. and proof versions undergo during the minting process. However, it looks like it might be a condensation buildup problem inside the slab. Paper (labels) do contain a certain amount of moisture that just might be transferring to the coin.
If I were a TPG I would be focusing on how to completely seal the coin from the label. I've long suspected that the ink in paper labels is a major cause of "in slab" toning. Thin, plastic labels might just solve any label issues.
Repetition of ignorance is ignorance raised to the power two.
To add insult to injury the coin isn't even centered properly in the slab.
peacockcoins
Ouch! Sorry to see that. Is there even a grade guarantee at a TPG for these situations now since it wouldn’t grade the same?
That’s so sad. I wish there was a slab insert that somehow protected the coin, like if it was impregnated with intercept shield technology. Only I don’t know if intercept would prevent milkspots or not.
Mr_Spud
PCGS Policy for Spotting of Modern Silver Coins
It also shows up in the PCGS Guarantee of Grade and Authenticity.
"Coins exhibiting environmental deterioration. The PCGS Guarantee does not apply to coins exhibiting environmental deterioration subsequent to PCGS grading and encapsulation. This deterioration may include, but is not limited to, spotting, hazing, PVC contamination, changes in color, and corrosion."
I do not buy MS70 certified SAEs. I will buy MS69 certified SAEs if I can get them pretty close to the price of the raw ones. This way, not much downside. Some have developed milk spots, most haven't. I consider them bullion.
Another nail in the Mint's coffin.
Add to this the 2021 Morgan and Peace dollar issues....
The Mint needs to dive into producing quality coins especially with the prices they are now charging.
Wayne
Kennedys are my quest...
That sucks.
I can't believe that no one has figured out how to stop the issue of milk spotting by now. There was a large reward, too.
Such a shame, but I agree with the others about chasing 70 grades for modern silver.
It is a losing proposition.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Happens all the time. It sucks but is part of the modern 70 game.
I personally think that the storage environment has more than anything to do with any moisture issues. I live in a dry climate and not one of my ASE's (be they bullion, OGP, or slabbed) has ever produced a milk spot or haze like the op coin has. Granted I do not own thousands of ASE's so the sample size is small, but...
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The mint blames the supplier and the supplier blames the mint. Apparently there is residue left after cleaning and instead of taking care of it they prefer to blame each other.
It seems to really be down to washing the dang blanks better. Really lame 😬
🎶 shout shout, let it all out 🎶
From my experience, milk spotting doesn’t seem to be an issue at all with raw SAEs. Just seems to develop in certified coins.
raw silver maples are notorious for spotting in the tubes.
Repetition of ignorance is ignorance raised to the power two.
In my opinion PCGS and NCG should not even grade bullion coins - they are for investors and not collectors. They have zero numismatic value!!
there are a lot of bullion coin collectors.
so do the comic books and baseball cards that they grade.
Repetition of ignorance is ignorance raised to the power two.
Some Simpson's logic:
Bart: "this is the worst day of my life."
Homer: "the worst day of your life so far."
peacockcoins
Its all good.. I just wanted to vent.. Was gonna try and do some trades for the New Morgan Bullion... LMBO
I'll give you $22 bucks if you want to get rid of. I know we are not supposed solicit offers on the main board, Post it in the BST PM thread. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Blitzdude, enters to add insult to spotty injury.