<< <i>But still a problem that shouldn't be ignored...not something to be swept under the rug. It costs too much to grade these things to ignore this. I'd like to hear that PCGS is working on remedying the situation even if it is not an issue with the slab. >>
PCGS guarantees all of their grades, which includes coins that develop spots that weren't caused by our product. So we can take ignoring the problem out of the equation completely. Secondly, as I said before PCGS holders have been tested to be fine. If you're asking us to bust down the doors of the US Mint and demand a wide scale investigation based on a theory it's not as easy as it sounds. We can't go there and say "Hey! A very small portion of your coins are developing spots and we want answers!"
As a collector myself I understand your frustration and completely agree with most of you, but we have to think logically and on a much larger scale. I don't have all the answers for you, but I will push the issue as much as I can and when I get an answer you'll have an answer.
Ewww yuck. Well the ones that I was iffy about keeping and ended up keeping developed spots (rest are still pristine thankfully). What options do you usually use on those spots?
1) Sell them immediately 2) Put them in a zip lock bag and hope for the best 3) Keep them, graded 70 is a 70.
I'm probably going to go with #1 since they are just spare ones I decided to keep for future value but the spotting pretty much shot the chance of the value being high in the future, or does it?
<< <i>But still a problem that shouldn't be ignored...not something to be swept under the rug. It costs too much to grade these things to ignore this. I'd like to hear that PCGS is working on remedying the situation even if it is not an issue with the slab. >>
PCGS guarantees all of their grades, which includes coins that develop spots that weren't caused by our product. So we can take ignoring the problem out of the equation completely. Secondly, as I said before PCGS holders have been tested to be fine. If you're asking us to bust down the doors of the US Mint and demand a wide scale investigation based on a theory it's not as easy as it sounds. We can't go there and say "Hey! A very small portion of your coins are developing spots and we want answers!"
As a collector myself I understand your frustration and completely agree with most of you, but we have to think logically and on a much larger scale. I don't have all the answers for you, but I will push the issue as much as I can and when I get an answer you'll have an answer. >>
Keep us posted.
IN the meantime, I am so glad I am 'stuck' with the raw sets.
Not to beat a dead horse here...but here goes [up Trigger, up!]...but has anyone experienced spotting on 25th Anniversary raw coins that were properly encapsulated?
"...However, PCGS holders are not air tight making the encapsulated coin vulnerable to the elements if not stored properly. >>"
This can't just be simple condensate in tandem with anything blown in and perhaps some of a third contaminant that only align here and there under certain cicumstances to create these spots? Could it be that simple? Is anyone charting these spots and storage methings carefully?
<< <i>Not to beat a dead horse here...but here goes [up Trigger, up!]...but has anyone experienced spotting on 25th Anniversary raw coins that were properly encapsulated? >>
Or, in the original packaging?
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
The answer to both are yes. I've had customers call asking if we can remove spots that have developed in the mint capsules before we place them into ours. (we don't)
<< ...but has anyone experienced spotting on 25th Anniversary raw coins that were properly encapsulated? >>
Sorry...my bad...by "properly encapsulated" I actually meant "coins not flying around loose in a sealed Mint carton"...didn't intend to take a swipe at any TPG's quality control processes.
As I understand it "milking" is caused by rinse on the planchet that didn't completely come off. When the coin is struck the rinse spot is impressed into the coin, becoming one with the silver coin. Given the right conditions, the milk spot makes it's appearence later on down the road. Forgot who gave this explanation, was years ago.
@PCGSCustomerService: Do you remove spots if it's already in the holders? I'm willing to pay that fee if I can get rid of the possibility of more spots in the future before they develop larger (even on the ones that don't have spots)
The coins would have to be submitted through our Guarantee Resubmit service. If the spotting is effecting the grade it'll be looked at by David Hall and you will not be charged the $25.00
<< <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters
Also at $25 a coin I hope they clean it good >>
Did you ever post results of your 25th proof milk spotting issue after they were sent in for review? (This question is for anybody who has sent 25th anniversary ASE coins for guarantee resubmission due to milk spotting). Thanks.
<< <i>Seems like there may be less interest in owning a 70 if the grade guarantee is suspended.
Unless I misread this thread. >>
Is the service going to be suspended? This service is still available on the website:
In the event the purchaser of a PCGS graded coin believes that the coin has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS "Guarantee Resubmission" procedures and PCGS will re-examine coin to determine the coin's grade and authenticity.
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.
My questions does this apply to milk spots on 70's, visible with naked eye? And do they ever get cleaned and returned or is it always the offer of payment etc?
<< <i>Seems like there may be less interest in owning a 70 if the grade guarantee is suspended.
Unless I misread this thread. >>
Is the service going to be suspended? This service is still available on the website:
In the event the purchaser of a PCGS graded coin believes that the coin has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS "Guarantee Resubmission" procedures and PCGS will re-examine coin to determine the coin's grade and authenticity.
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.
My questions does this apply to milk spots on 70's, visible with naked eye? And do they ever get cleaned and returned or is it always the offer of payment etc? >>
They may try to clean/conserve them, but generally once they appear visible to the naked eye, they are difficult to remove without leaving evidence of their former presence. I have a couple other silver dollar coins that are showing tea colored spots. I think those can be cleaned with acetone.
<< <i>Seems like there may be less interest in owning a 70 if the grade guarantee is suspended.
Unless I misread this thread. >>
Is the service going to be suspended? This service is still available on the website:
In the event the purchaser of a PCGS graded coin believes that the coin has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS "Guarantee Resubmission" procedures and PCGS will re-examine coin to determine the coin's grade and authenticity.
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.
My questions does this apply to milk spots on 70's, visible with naked eye? And do they ever get cleaned and returned or is it always the offer of payment etc? >>
They may try to clean/conserve them, but generally once they appear visible to the naked eye, they are difficult to remove without leaving evidence of their former presence. I have a couple other silver dollar coins that are showing tea colored spots. I think those can be cleaned with acetone. >>
That makes sense and I would be ok with a refund. Just don't want to be told the milk spots are "acceptable" and have to eat fees/shipping.
So the gautentee is a euphanism for a "fee," if I understand this correctly. That's like giving a warranty for a product and when it comes times to use the warranty, they simply charge you for a new one but called it a warranty fee.
<< <i>So the gautentee is a euphanism for a "fee," if I understand this correctly. That's like giving a warranty for a product and when it comes times to use the warranty, they simply charge you for a new one but called it a warranty fee. >>
I thought there was talk of a processing fee of some sort. OTOH they are being very generous in picking up the tab for a problem that isn't of their doing.
I usually like to leave mods in original USM holders so if needed I can take them out and dip them. The risk with slabbed mods is if they develop spots or unattractive toning then bad news. I try to move my slabbed mods quickly and any USM products I slab are usually for Teletrade raw coin service blowout.
How it reads on the website - the guarantee resubmission fee is $25 and if the coin downgrades, the fee plus shipping and insurance paid by the coin owner are refunded. IF milk spots downgrade a coin and the fee is refunded plus the fair market value of the coin (considering milk spotting appears to be a Mint issue), that seems more than a fair deal, as it is not a PCGS grading fault. What I did not understand was if the coin with larger milk spots could be cleaned enough to remain a 70 and retain that value. Agree with others, it's a shame and will not make me a future collector of ASE's.
Comments
<< <i>many of the american gold eagles have toned BAD in pcgs holders, none in ngc
many of my gold pandas have toned BAD in pcgs holders none in ngc!!!!!!!!!!
nuff said >>
Got any pics?
<< <i>But still a problem that shouldn't be ignored...not something to be swept under the rug. It costs too much to grade these things to ignore this. I'd like to hear that PCGS is working on remedying the situation even if it is not an issue with the slab. >>
PCGS guarantees all of their grades, which includes coins that develop spots that weren't caused by our product. So we can take ignoring the problem out of the equation completely. Secondly, as I said before PCGS holders have been tested to be fine. If you're asking us to bust down the doors of the US Mint and demand a wide scale investigation based on a theory it's not as easy as it sounds. We can't go there and say "Hey! A very small portion of your coins are developing spots and we want answers!"
As a collector myself I understand your frustration and completely agree with most of you, but we have to think logically and on a much larger scale. I don't have all the answers for you, but I will push the issue as much as I can and when I get an answer you'll have an answer.
1) Sell them immediately
2) Put them in a zip lock bag and hope for the best
3) Keep them, graded 70 is a 70.
I'm probably going to go with #1 since they are just spare ones I decided to keep for future value but the spotting pretty much shot the chance of the value being high in the future, or does it?
<< <i>
<< <i>But still a problem that shouldn't be ignored...not something to be swept under the rug. It costs too much to grade these things to ignore this. I'd like to hear that PCGS is working on remedying the situation even if it is not an issue with the slab. >>
PCGS guarantees all of their grades, which includes coins that develop spots that weren't caused by our product. So we can take ignoring the problem out of the equation completely. Secondly, as I said before PCGS holders have been tested to be fine. If you're asking us to bust down the doors of the US Mint and demand a wide scale investigation based on a theory it's not as easy as it sounds. We can't go there and say "Hey! A very small portion of your coins are developing spots and we want answers!"
As a collector myself I understand your frustration and completely agree with most of you, but we have to think logically and on a much larger scale. I don't have all the answers for you, but I will push the issue as much as I can and when I get an answer you'll have an answer. >>
Keep us posted.
IN the meantime, I am so glad I am 'stuck' with the raw sets.
Miles
This can't just be simple condensate in tandem with anything blown in and perhaps some of a third contaminant that only align here and there under certain cicumstances to create these spots? Could it be that simple? Is anyone charting these spots and storage methings carefully?
Eric
<< <i>Not to beat a dead horse here...but here goes [up Trigger, up!]...but has anyone experienced spotting on 25th Anniversary raw coins that were properly encapsulated? >>
Or, in the original packaging?
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Sorry...my bad...by "properly encapsulated" I actually meant "coins not flying around loose in a sealed Mint carton"...didn't intend to take a swipe at any TPG's quality control processes.
When the coin is struck the rinse spot is impressed into the coin, becoming one with the silver coin.
Given the right conditions, the milk spot makes it's appearence later on down the road.
Forgot who gave this explanation, was years ago.
<< <i>Hi, I just got off phone and they said to send them in. I asked if they would replace them and she said no they would clean it if they can. I'm boxing them up tonight.I'll post my results when returned.Laters
Also at $25 a coin I hope they clean it good >>
Did you ever post results of your 25th proof milk spotting issue after they were sent in for review? (This question is for anybody who has sent 25th anniversary ASE coins for guarantee resubmission due to milk spotting). Thanks.
Unless I misread this thread.
<< <i>Seems like there may be less interest in owning a 70 if the grade guarantee is suspended.
Unless I misread this thread. >>
Is the service going to be suspended? This service is still available on the website:
In the event the purchaser of a PCGS graded coin believes that the coin has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS "Guarantee Resubmission" procedures and PCGS will re-examine coin to determine the coin's grade and authenticity.
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.
My questions does this apply to milk spots on 70's, visible with naked eye?
And do they ever get cleaned and returned or is it always the offer of payment etc?
<< <i>
<< <i>Seems like there may be less interest in owning a 70 if the grade guarantee is suspended.
Unless I misread this thread. >>
Is the service going to be suspended? This service is still available on the website:
In the event the purchaser of a PCGS graded coin believes that the coin has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS "Guarantee Resubmission" procedures and PCGS will re-examine coin to determine the coin's grade and authenticity.
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.
My questions does this apply to milk spots on 70's, visible with naked eye?
And do they ever get cleaned and returned or is it always the offer of payment etc? >>
They may try to clean/conserve them, but generally once they appear visible to the naked eye, they are difficult to remove without leaving evidence of their former presence. I have a couple other silver dollar coins that are showing tea colored spots. I think those can be cleaned with acetone.
<< <i>
<< <i>
<< <i>Seems like there may be less interest in owning a 70 if the grade guarantee is suspended.
Unless I misread this thread. >>
Is the service going to be suspended? This service is still available on the website:
In the event the purchaser of a PCGS graded coin believes that the coin has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS "Guarantee Resubmission" procedures and PCGS will re-examine coin to determine the coin's grade and authenticity.
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.
My questions does this apply to milk spots on 70's, visible with naked eye?
And do they ever get cleaned and returned or is it always the offer of payment etc? >>
They may try to clean/conserve them, but generally once they appear visible to the naked eye, they are difficult to remove without leaving evidence of their former presence. I have a couple other silver dollar coins that are showing tea colored spots. I think those can be cleaned with acetone. >>
That makes sense and I would be ok with a refund. Just don't want to be told the milk spots are "acceptable" and have to eat fees/shipping.
<< <i>So the gautentee is a euphanism for a "fee," if I understand this correctly. That's like giving a warranty for a product and when it comes times to use the warranty, they simply charge you for a new one but called it a warranty fee. >>
I thought there was talk of a processing fee of some sort. OTOH they are being very generous in picking up the tab for a problem that isn't of their doing.
I usually like to leave mods in original USM holders so if needed I can take them out and dip them. The risk with slabbed mods is if they develop spots or unattractive toning then bad news. I try to move my slabbed mods quickly and any USM products I slab are usually for Teletrade raw coin service blowout.