Since the milk spot problem began

Onedollarnohollar · July 11, 2012 3:14AM

Has the collecting of silver eagle diminished? How many have bailed out and sold what they had because of the milk spotting potential?

Buzzybest · July 11, 2012 3:57AM

I recently sold 30 1996 ASEs to a very professional and patient buyer (Jay Rudo) for that reason. I used the proceeds in that case to buy 2 Morgans:
1880-S PCGS MS66+PL
1881-S PCGS MS67
Next month,I will be submitting these to CAC with some others.

joeykoins · July 11, 2012 3:58AM

It's not the milk spotting that stopped me in the SAE series, it's the " no funds " department that put a halt on these. I'm sure when I get back on my feet I'll continue the stretch. I love the Silver American Eagle program.

BryceM · July 11, 2012 4:06AM

I still buy them, but only as bullion and for graduation presents. I have a single 1987 proof ASE that got me started into coin collecting after I bought it in high school. I can't see myself buying any proofs, but primarily because I have far more interest in historically interesting business-strike coins.

BAJJERFAN · July 11, 2012 4:16AM

<< <i>Has the collecting of silver eagle diminished? How many have bailed out and sold what they had because of the milk spotting potential? >>

This

KAJ1 · July 11, 2012 8:22AM

Yup, sold them all!
I won't hold any in my collection, but will buy for da FLIP !!

NewParadigm · July 11, 2012 8:38AM

Especially since the "guarantee" is BS.

Bubblehead · July 11, 2012 8:46AM

<< <i>Yup, sold them all! >>

As I did.

I did keep a single UNC for the boy's type set.

At one time I had (4) complete sets of the proof issues. A set for each
grandson. The spotting was horrible. Over time, not more than
a dozen of them did not develop spotting. I would seperate out the
spotted ones, sell 'em..pretty soon I was down to less than
a single set..and after a few months, they too spotted!

PinkFloyd · July 11, 2012 8:52AM

To me, its the gaudy new finishes on the proofs. I can't stand it next to the older style finish.

I like the burnished unc. finishes, so I've moved over to those.

19Lyds · July 11, 2012 9:25AM

I sold my slabbed Siver Eagles simply because I needed the money. Milk Spotting had nothing to do with it. Chasing MS/PR70 seemed exasperating and wasteful as I've allowed myself to get spread way too thin in the collecting arena.

Lots of pot's, lot's of fires, but little money.

Cameonut · July 11, 2012 9:32AM

I kept exactly one proof for type. The rest got sold after the last mint debacle.

Milk spots had nothing to do with the decision - but it is nice to know I don't have that risk anymore.

joeykoins · July 12, 2012 12:18AM

You know what guy's, I was just thinking, what If these milk spots turn into a goldmine? Remember,not too long ago we felt the same about " that darn Tarnishing,this is destroying the value of my coin!!!" Well,Toning now is big money! Who knows?

Onedollarnohollar · July 12, 2012 1:19AM

Joey...I'm nominating you for "optimist" of the year!

joeykoins · July 12, 2012 1:22AM

Thank You,buddy!

nibanny · July 12, 2012 1:23AM

<< <i>Has the collecting of silver eagle diminished? How many have bailed out and sold what they had because of the milk spotting potential? >>

I gave up because of milk spots (and toning as well).

Bankerbob56 · July 12, 2012 5:02AM

I have zero TPG silver eagles and I have zero milk spotted coins. Makes you wonder?

I have a few proof issues still in OGP and an ms example for every year since '86 none of which have any spotting whatsoever.

Since the milk spot problem began

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