ASE RP with milk spots.
Zrider
Posts: 365
I have a Reverse Proof ASE that has grown a nice milk spot right on the shield. Its graded Pr 69 . I was wondering if it would be worth it to resubmit it or not.. I heard someone say spots were acceptable on a 69. Is it a waste of 25.00 plus shipping and handling. I have 5 other W proofs with the same,,but they are 70s, they are going back.
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My 10 set 2006-W ASE 3 coin sets were a disaster.....11 of 30 coins developed milk spots....some were really bad!
edited to add: Sold on eBay 6/6/10
"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, and corrosion."
Are these milk spots not covered?
Lance.
<< <i>I bought seven 12w First Strike ms70 ASEs and 3 already have toning spots. Over 40% of my sixty 25th anniversary set ASEs have developed spots- primarily the ms and nm coins along with a few proofs and S mint mark coins. Only one reverse proof developed a beige colored spot of toning (so far) These coins are kept in Intercept Shield boxes. So far I have had only one of fortyfive 25th ASEs and none of twenty assorted date ASEs from NGC develop any type of spot. It wasn't too discouraging when PCGS had free spot review and they usually were able to conserve the ASE. Now at $25 per coin plus shipping two ways , I have been selling the common date ASEs as they develop spots. Taking a big loss (dozens of coins adds up) and having a bunch of incomplete sets is pretty discouraging. >>
A question. Are others finding that their NGC slabbed ASE coins don't develop spots as much as PCGS ASE's??
<< <i>I currently have over 40 coins from the ASE 2011 set with spots--I cant sell them at all. I have had many NGC coins pass through my hands and have not seen one spot. I simply do not understand what is going on. I do not understand the $25 fee service, I dont understand why NGC coins are not exhibiting the same issues, and I see spots from all 3 mints W, P and S. >>
Thank you. That helps me for the future, greatly.
<< <i>Interesting. So does this possibly suggest they need to go through secure plus and the sniffer? Photos would show spots developing...would PCGS then cover them? >>
I don't understand.
The Sniffer detects applied substances. The digital fingerprint records the coin as submitted.
PCGS says it doesn't cover spots that occur after encapsulation. What's the question again?
Lance.
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My current understanding is that if the coin is conserved and retains it's grade you pay $25 . If the coin downgrades there is no charge and the grade guarantee kicks in. So if I had a reverse proof or S mint state ASE with a spot, it's a no brainier I'd send the coin in for spot review.
To the board member that posted about having numerous ASEs with spots that were unsellable- that isn't the case on eBay. It is very puzzling that some 25th anniv ASEs with spots - where the seller has disclosed the problem in the auction title or description - sell at prices comparable to other coins with no apparent issues. My experience is that I lost about $25 per coin on non 25th burnished First Strike ASEs and on average around $15 on non key 25th anniv ASEs . Rather than pay to ship the coins to/from PCGS along with a $25 fee ,its cheaper to sell the nonkeys on eBay with disclosure of the spots. All of the ASEs I sold with spots were light beige pinpoint to pencil point sized, 2-6 spots per coin. Obvious but not real distracting.
Addressing the question of removing white spots versus tan spots . Two proofs had white spots - one was conserved ,one downgraded. The other 3 ASEs that downgraded had tan spots. I currently have 4 ASEs in for spot review under the new policy , one S ms70 and three W ms70 with big ugly spots. Since I was shipping the S , I decided to send the ugly toned coins as I think they are likely to downgrade and the grade guarantee will kick in. To be honest those 3 coins were so unattractive I would have been embarrassed to sell them as is.
As to the environmental damage so " tough luck "concern , so far with two gold buffalos, two gold eagles and fifteen ASEs PCGS has shown excellent customer service and conserved all the gold coins and conserved or been very fair with the ASEs. Because of the new spot review charge I definitely will not buy anymore ASEs in PCGS holders unless they are key dates.
Regarding grade guarantee....ATS considers 69 with milk spots to be grade appropriate but they will replace or purchase any 70 graded coin with spots...no fees for review
For ASE's I have now decided it is ONLY safe to purchase 70 grade coins from both TPG's ....69 grade ASE's are not worth the worry
Here's an NGC 20th RP with a bit of Ebola...(color balance off to better show the spots)
<< <i>
<< <i>Interesting. So does this possibly suggest they need to go through secure plus and the sniffer? Photos would show spots developing...would PCGS then cover them? >>
I don't understand.
The Sniffer detects applied substances. The digital fingerprint records the coin as submitted.
PCGS says it doesn't cover spots that occur after encapsulation. What's the question again?
Lance. >>
I would think the sniffer would detect any contamination on the coin. Obviously from the consensus here there must be a contaminant on the surface of the coin when slabbed. Maybe a mint worker had a cold and sneezed on a few coins here and there. Didn't know that about spots and no gaurantee. That's bad because if they slab a coin with PVC on it(yes it happens) the coin will turn over time.
This also begs the question....Should they be given a quick dunk in accetone to remove any possible contaminants? As a general rule I accetone almost everything I submit.
Box of 20