Just a thought about the "Spotted" ASE Anniversary Sets...
richardshipp
Posts: 5,647 ✭✭✭
I heard back from PCGS about my submission of 3 spotted sets of ASE Anniversary Sets. I opted for the "take the money / they keep my coins" option. Thanks PCGS.
At any rate, it occured to me that unscrupulous people in the same situation could take the money option where they get their coins back in the downgraded slabs...
Those like me likely still have their original mint packaging. Nothing could stop them from breaking out the spotted coins out of the now downgraded slabs and putting them back into their original mint packaging and selling them as such.
People do the damnest things for "money" and I would expect this could happen.
Probably a good time to be extra cautious buying these in "Original Mint Packaging".
BTW... I'm officially out of collecting the ASE's as anything other than bullion.
Just thought I'd mention it.
At any rate, it occured to me that unscrupulous people in the same situation could take the money option where they get their coins back in the downgraded slabs...
Those like me likely still have their original mint packaging. Nothing could stop them from breaking out the spotted coins out of the now downgraded slabs and putting them back into their original mint packaging and selling them as such.
People do the damnest things for "money" and I would expect this could happen.
Probably a good time to be extra cautious buying these in "Original Mint Packaging".
BTW... I'm officially out of collecting the ASE's as anything other than bullion.
Just thought I'd mention it.
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"Inspiration exists, but it has to find you working" Pablo Picasso
i received PR67 (big milk spot in Miss Liberty's dress near her "sweet spot") from an original mint sealed box, so the milk is not all from slabbed coins. i was able to get the spot off myself and have a nice raw "keeper" as the rest of the coin is awesome.
their guarantee has kept me in the game....but only for 70's.
their price was more than fair albeit, it takes some time.
Did I say dinged? I meant, I took a beating!
I still can't get that bloody taste out of my mouth but then, there are always those that haven't spotted.
Too bad you can't get a grading date from the certification number. I figure if its been in the holder for more than a couple years and hasn't spotted, it probably never will!
Oh well.
The name is LEE!
<< <i>Yeah, I got dinged on a spotted silver eagle recently.
Did I say dinged? I meant, I took a beating!
I still can't get that bloody taste out of my mouth but then, there are always those that haven't spotted.
Too bad you can't get a grading date from the certification number. I figure if its been in the holder for more than a couple years and hasn't spotted, it probably never will!
Oh well. >>
i had a nice 2000 MS68 Millenium turn south on me recently that was a really nice coin before she broke out in spots. but you are right no idea as to when it was slabbed........
Box of 20
I too am only looking at these as bullion, especially since I had a bunch of slabbed 1996 ASE's and now they are milked. They are in NGC slabs and I don't have membership there to send them back.
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As mentioned before on previous threads, can someone that has gone thru this process such as yourself EXPAND on the options such as a REAL LIFE example with numbers $$$$$$
How did it work out? $30 per coin and keep them? $100 per coin and they keep them? Let's have some hard numbers.....
Was it worth the trouble?
What eventually happens to spotted SAEs? Are they melted, sold as bullion, or something else? I don't see them on the secondary market.
My Adolph A. Weinman signature
If so, then the coin could be dipped and restored to nearly the same quality it was when it first came from the mint.
<< <i>Do milk spots come off when the coin is dipped?
If so, then the coin could be dipped and restored to nearly the same quality it was when it first came from the mint. >>
As mentioned many times, no. The milkspots, once they occur, are part of the coin itself, not just a toning or irritant that can be dipped off...regrettably
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
EBAY Items
http://search.ebay.com/_W0QQsassZrlamir
<< <i>I heard back from PCGS about my submission of 3 spotted sets of ASE Anniversary Sets. I opted for the "take the money / they keep my coins" option. Thanks PCGS.
At any rate, it occured to me that unscrupulous people in the same situation could take the money option where they get their coins back in the downgraded slabs...
Those like me likely still have their original mint packaging. Nothing could stop them from breaking out the spotted coins out of the now downgraded slabs and putting them back into their original mint packaging and selling them as such.
People do the damnest things for "money" and I would expect this could happen.
Probably a good time to be extra cautious buying these in "Original Mint Packaging".
BTW... I'm officially out of collecting the ASE's as anything other than bullion.
Just thought I'd mention it. >>
It would behoove the buyer to ask the seller if the coins were spotted and bid accordingly. Also pay with a payment method for which you might have recourse if the buyer is less than honest with his description. Remember too that the coins mite be spot-free but also some cracked out low grade 67s or 68s.
<< <i>Looking at my set, only the proof has been effected. The UNC and the RP seem OK.
I too am only looking at these as bullion, especially since I had a bunch of slabbed 1996 ASE's and now they are milked. They are in NGC slabs and I don't have membership there to send them back. >>
I wouldn't think that you would have to be a member at NGC to return a coin under their guarantee.
Box of 20