Keep or get rid of ms/pf 70s Silver eagles for fear of milk spot formation
Ppp
Posts: 468 ✭✭✭✭
I am torn and can use some objective opinions on a few questions.
I own a bunch of ms70 and pf70 American silver eagles including the 2019s enhanced reverse proof signed by moy and the 2020 v75 including the v75 medal.
I am strongly considering getting rid of my 2019s and others because of the potential for milk spot formation. I tried doing some research and I didn’t find anything worthwhile regarding the risk of milk spot formation except it can happen and if it does it was probably due to poor washing of the planchets/coins.
-is my worry unfounded?
-how much of a risk am I taking if I keep them?
Also, what change in value do you think the 2019s enh reverse will experience in time? I don’t expect the value to get anywhere close to the 1995 because so many more grade 70s were given out.
Ngc values (are you sitting down) the 2019s enh rev proof signed by moy at $4,500- and I believe the greysheet (no signature) is $2,500-. I personally don’t care about signatures on coins however, if someone would pay more then I am all for it, it just won’t be me. Nowhere do I find this price being accurate. I don’t do eBay, but I did look and the prices were nowhere near $4,500-, therefore what makes sense?
Thank you in advance
Comments
I’m not sure about the objective part but I don’t hold high-grade silver eagles for the reason that you are concerned for about your high-grade silver eagles. Once they spot, they are close to spot.
The risk versus reward is not worth it for me.
Make sure you are not confusing the signature on the slab label with a signature on the COA. Completely different.
I have wondered the same thing. I understand the milk spot issue transcends national mints, decades, and TPG slabs as well as US Mint original capsules. My question is, Is there a period of time after which a coin/medal can reasonably be considered safe from milk spits?
(l8-)>>
I would sell them quickly and replace them with 69’s. Except the 2019 ase. It’s too expensive. But if necessary a 69 will be far less than a 70. If your worried change them.
It’s a hobby to enjoy not develope an ulcer 😉
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I would personally sell the 70s in favor of coins from your favorite series (if you have one). My personal favorite is Morgan dollars and also mint errors. If you truly want the silver eagles and you have to have them slabbed, I would trade down to 69s.
Unfortunately no. 😉
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If you try you can find an ungraded 2019 S rev Pr in OGP for about 950....
that’s what I would own because I prefer not to slab or grade modern coins, esp when they came straight from the mint - which most of my ASEs do. I missed the 19 RP but I did manage to get the V75 ASE.
In fact I have all 2020 and 2021 ASEs, none are slabbed but it doesn’t matter they are essentially perfect!
But that is why I would sell or trade them out if I had them - not because of milk spots! Milk spots aren’t that common on the newer dates imo...
nice coins tho! Good luck
I wish😢. In my world milk spots direct from the mint,including my WW2 privyase , are an occurrence as well as them forming on OGP earlier ase’s and slabs. The only slabbed 70’s I have are reverse proof. ( get a funky orange/tan spot )😉
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Is it the planchet rinse that is causing this? Would a soak in acetone prior to submission mitigate milk spots at all? Granted I know a lot of these are submitted in the original shipping box for first strike designations, but I would think losing the first strike for assurance of no milk spots would be a good trade off.
No they are producing them on dirty plancets so they mint the coin and don’t clean them first. Some dip every silver coin they get from the mint,new , in pure acetone 😉
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No they are struck into the coin - literally part of the coin. I’ve never seen one appear out of nowhere but may get brighter with time.
Many years ago, forum member Russ told me to dip the new ASE's in acetone as soon as received. I have always done this since then, and no milk spots. I could just be lucky, but not likely. Cheers, RickO
I have dipped every ASE and AGE that I have bought before storing them also.
I think I learned that from ricko
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As a collector, I would keep them and hope for the best...
Mine are all in slabs so there is nothing that I can do to prevent the spots.
Wayne
Kennedys are my quest...
Sell the 70s… they are just bullion!
If your concern is significant enough to diminish your enjoyment of the coins, get rid of them. What’s the point in owning something you’re going to worry about? Use the proceeds as savings or for the purchase of something else - coins or otherwise - that you can enjoy.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Well said Mfeld!
sell them to me...
When they develop e white spots they are no longer ms70 they are now unc details environmental damage. Just sell them
I would put them up in my eBay store cost plus or MV / Bin-mo.
This is an extreme case of buying the holder, not the coin. It makes no sense to me. Is it a function of Specialized Registry Sets?
Thank you for your comments, they were helpful
To add some color to my dilemma below is a partial list (I will be adding more) of the the coins I will be getting rid of. I probably will also add my 2029s enh reverse proof, once I figure out a price, and use the money to upgrade some of my Morgan’s and peace dollars. 🙂
Proofs:
2020W Pcgs PR69dcam first strike v75 Privy (I will keep my pr70dcam)
2020W Pcgs PR70dcam first strike
2019S Pcgs PR70 dcam first strike
2019W pcgs PR70 Dcam first strike
2018S pcgs PR70 Dcam first strike
2018W pcgs PR70 Dcam first strike
2017W ngc PF70 Ultra Cameo first day of issue
2017S pcgs PR70 Dcam first day of issue
2016W pcgs PR70 Dcam-lettered edge, 30th anniversary
2016W aNacs SP70 Satin Finish
2015W ngc PF70 Ultra Cameo
2014W ngc PF70 Ultra Cameo early release
2013W ngc PF70 Ultra Cameo early release
2012W ngc PF70 Ultra Cameo
2011W ngc 25th anniversary set PF70 Ultra Cameo early release
2010W anacs PR70 Dcam first day of issue
2008W ngc PF70 Ultra Cameo early release
2007W ngc PF70 Ultra Cameo early release
Burnished
2021W pcgs SP70 first strike type2, burnished
2019W pcgs SP70 Burnished
2017W pcgs SP70 Burnished first strike
Mint strike:
2021 (w) pcgs MS70 first strike type2, struck at West Point
2021 pcgs MS70 first strike type2
2021 (s) pcgs MS70 first strike type2, struck at San Francisco emergency issue
2021 (w) pcgs MS70 first strike type1, struck at West Point
2021 (s) pcgs MS70 first strike type1, struck at San Francisco emergency issue
2-2021 pcgs MS70 first strike type1
2020 pcgs MS70 first strike type
2020 (w) pcgs MS70 first strike type, struck at West Point
2020 (s) pcgs MS70 first strike type, struck at San Francisco emergency issue
2020 (p) pcgs MS70 first strike type, struck at Philadelphia
2019 pcgs MS70 first strike type
2019 (w) pcgs MS70 first strike type, struck at West Point
2018 pcgs MS70 first strike type
2018 (w) pcgs MS70 first strike type, struck at West Point
2017 pcgs MS70 first strike type
2016 pcgs MS70 first strike type, 30th anniversary
2014 pcgs MS70 first strike type
2014 (s) pcgs MS70 first strike type, struck at San Francisco
2014 (w) pcgs MS70 first strike type, struck at West Point
2014 (w) ngc MS70 early release, struck at West Point
2014 ngc MS69 early release
2013 pcgs MS70 first strike type
2013 (w) pcgs MS70 first strike type, struck at West Point
2013(s) pcgs MS70 first strike type, struck at San Francisco
2012 (s) pcgs MS70 first strike type, struck at San Francisco
2012 (w) pcgs MS70 first strike type, struck at West Point
2012 pcgs MS70 first strike type
2011 pcgs MS70 first strike type, 25th anniversary
2011 (s) pcgs MS70 first strike type, struck at San Francisco
2007 W pcgs MS70 first strike type
2004 ngc MS69
Sets:
2021W pcgs PR70 reverse proof, first strike type1, designer edition
2021S pcgs PR70 reverse proof, first strike type2, designer edition
Damn, that is an exhaustive list and only valuable at the stated grade WITHOUT spotting, so good call!
Besides what you just made it very easy now just copy and paste to the BST.
I suspect the premium over spot will go down on 90% of those whether they spot or not.
Having said that, you had a reason for acquiring them in the first place, has that changed?
FYI
the majority of these coins were part of a couple of collections I acquired. When I obtain a collection I usually get the good, the I really don’t want (ie: 40% Ag Kennedy’s), and the hmmmmmm (these eagles fall into this category).
in that case, with purchasing an entire collection you still need to decide if you want to keep everything or sell some / most.
I finally decided to sell about 50 of my graded ms70 and proof 70 Ase through great collections.
Wish me luck.
Exactly. I had a bunch of old silver dollars that my grandfather kept in some old album. They had started to turn crazy colors so I just put them in the Coinstar machine at Kroger. Solved!
Oh my 🙀
I would have given you double face at least. 😉🦫🙀
Why wasn’t I in line at this point in time and stopped you. I’ve tried to cut my nose off to spite my face but never ever would even consider dumping coins like that. I would have sinned and dipped them but never CoinStar em. Guess you didn’t care much for your Grandpa.
I’m sorry, I had a wonderful relationship with my grandpa and am enjoying my grandson. ( maybe I better be extra nice to him😉🦫🙀)
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Get rid of them. Get nice Slabbed MS69 ASE they not that far above melt. Got a really nice one off the bay BIN for like $39.50 free ship, a real beauty. That’s hardly $20 above melt, less than slab cost.
One heck of deal vs slabbed generic Classic dollars which have less silver plus their tens of thousands of high pops. Why haven’t they crashed yet?
Cougar1978: interesting a friend of mine just offered me a set (35) of ngc ms69 eagles 1986 to 2021type1 for $1,600- ($45.71 ea) and I know he will lower his price if I want them.
I have a quick sidebar question related to this topic: will the 2021 Morgan & Peace dollars spot like ASE or were they washed prior to striking?
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
My 2022 Congratulations set ASE graded PCGS PR70DCAM has milk spots already. 🤯
My understanding is that milk spots are from soap residue that wasn’t properly rinsed from the planchette. So when minted becomes part of the coin. Not sure how acetone would solve this, nor that they “spontaneously” occur at some point years later.
They are most common on 1950s mint and proof sets. I have had one on an ASE but not modern ones... seems a bit wrong to me to assume they are coming no matter what so sell them now so someone else has to deal with them... sounds like someone id rather not buy from
So sad, GB!
This is a reminder of why I steer clear of Mint issued silver for the purpose of grading above 69 (69 closer to spot and assumed pre-spotted).
I’m a fan of the 69 grade. Milk spots are only one possibility. I don’t worry about the milk spots on 69’s, for me it’s poor quality such as dings and funky dark spots, weakly struck or struck through something 😉🙀🦫
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