@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
No doubt, but hardly PCGS' fault! I have had the same issue/s in the past.
First hand testimony is very important. I've suspected this happens based on what I read. I've never kept one long enough to see if it "turns" in the holder.
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
No doubt, but hardly PCGS' fault! I have had the same issue/s in the past.
I don't blame PCGS at all. I was just mentioning it happened within a year's time. After a year I feel more comfortable they will be ok. (That's raw or slabbed)
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
Just curious was there any, even small sign, they might develop spots? I'm just curious on if any "tell tale" indications when looking at ASE's that may indicate it will happen
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
No doubt, but hardly PCGS' fault! I have had the same issue/s in the past.
I don't blame PCGS at all. I was just mentioning it happened within a year's time. After a year I feel more comfortable they will be ok. (That's raw or slabbed)
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
Just curious was there any, even small sign, they might develop spots? I'm just curious on if any "tell tale" indications when looking at ASE's that may indicate it will happen
Actually no. Nothing that I saw. They looked fine, then around 9 months later I was in the PCGS box and looked at them to find the spots.
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
Just curious was there any, even small sign, they might develop spots? I'm just curious on if any "tell tale" indications when looking at ASE's that may indicate it will happen
Actually no. Nothing that I saw. They looked fine, then around 9 months later I was in the PCGS box and looked at them to find the spots.
Thanks!.. just started collecting ASE's.. going to have to give this some real thought.. info much appreciated
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
Just curious was there any, even small sign, they might develop spots? I'm just curious on if any "tell tale" indications when looking at ASE's that may indicate it will happen
Actually no. Nothing that I saw. They looked fine, then around 9 months later I was in the PCGS box and looked at them to find the spots.
Thanks!.. just started collecting ASE's.. going to have to give this some real thought.. info much appreciated
Perhaps buy ones that are at very least a year or two old that are already slabbed. If they are without spots, you are probably fine at that point.
@asheland said:
Back in early 2016 I bought a Panda and an Eagle, both in PCGS holders. About nine months later both developed milk spots. It sucks for sure.
Just curious was there any, even small sign, they might develop spots? I'm just curious on if any "tell tale" indications when looking at ASE's that may indicate it will happen
Actually no. Nothing that I saw. They looked fine, then around 9 months later I was in the PCGS box and looked at them to find the spots.
Thanks!.. just started collecting ASE's.. going to have to give this some real thought.. info much appreciated
Perhaps buy ones that are at very least a year or two old that are already slabbed. If they are without spots, you are probably fine at that point.
@DancingFire said:
IMO, it is a waste of $$$ buying MS/PR70 coins.
why? Please explain.. thanks
If/When you decide to sell just don't be shock if you can't find a buyer willing to pay a premium for your MS/PR70 coins. Plus, a 70 coin may not be a 70 coin after a few years in the slab..i.e..this thread.
@DancingFire said:
IMO, it is a waste of $$$ buying MS/PR70 coins.
why? Please explain.. thanks
If/When you decide to sell just don't be shock if you can't find a buyer willing to pay a premium for your MS/PR70 coins. Plus, a 70 coin may not be a 70 coin after a few years in the slab..i.e..this thread.
If you check on ebay/ current market demand, most ms/pr 69 regardless of year are sold as bullion and close to issued price while ms/pr 70 are being sold as collectible and cost twice as much if not more.
To avoid milk spots, it's best to purchase from secondary market after a couple years of releasing. I haven't seem any report that a sudden milk spot appear after two years. In other words, stay off the ms70 2016 and 2017 for now.
If you check on ebay/ current market demand, most ms/pr 69 regardless of year are sold as bullion and close to issued price** while ms/pr 70 are being sold as collectible** and cost twice as much if not more.
Take these so call MS/PR70 coin to a major show and see how many dealers are willing to pay a big premium. It is ok to pay a little premium but 100%?...Nahhh not me!...They can go find another sucker.
@DancingFire said:
IMO, it is a waste of $$$ buying MS/PR70 coins.
why? Please explain.. thanks
If/When you decide to sell just don't be shock if you can't find a buyer willing to pay a premium for your MS/PR70 coins. Plus, a 70 coin may not be a 70 coin after a few years in the slab..i.e..this thread.
true,, but the rise in value of the 70's over 69's is astronomic...
@denali12 said: "...but the rise in value of the 70's over 69's is astronomic..."
This is true. While the interest in SE continues, it is always better to purchase items in the best condition you can afford. Hopefully, there will be collectors in the future who'll want your coin when it's time to sell. With strong customer support, the price of 70's will continue to rise. Nevertheless, there is a difference between a retail price, a wholesale price, what you will actually get, and stealing.
@ricko said: @denali12 ...While most coins do not come from the mint with milk spots, it is believed that the root cause of milk spots is present at the mint, and time allows them to develop into a visible phenomena. Many collectors have revisited their ASE's after being stored for a period of time, only to find them with the dreaded milk spots.
Although there have been rewards offered for a cure, as far as I know, none have been collected. Many years ago, it was proposed (by Russ) that a dip in acetone, upon receipt, would prevent milk spots from developing. While I have never done a controlled experiment (two reasons, one cannot predict if an ASE WILL develop mint spots, and two, one would need a separate, untreated group as a control - since it is unpredictable, this would not be possible), none of my ASE's have developed milk spots. So, in reference to the OP, the milk spots likely appeared post grading. Cheers, RickO
And therefore the Mint should refund you the orignial cost of the coin. And buy it back from you for the original price or melt value whichever is higher?
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
PCGS should offer some sort of FREE conservation service for coins that spottend while they were in a PCGS coin capsule. And in the future they should do the encapsulation in a chemically neutral atmosphere (ie pure nitrogen), instead of letting in that moist ocean breeze off the Pacific.
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
@rooksmith said:
PCGS should offer some sort of FREE conservation service for coins that spottend while they were in a PCGS coin capsule. And in the future they should do the encapsulation in a chemically neutral atmosphere (ie pure nitrogen), instead of letting in that moist ocean breeze off the Pacific.
You can't remove milk spots.
Easier for PCGS to simply remove the guarantee on 70s, which they've done.
How do you know that there's anything in the air that is responsible?
I have an 86 ASE that I bought in 86. It is raw and in a plastic flip. It has no milk spots, no toning and simply looks amazing. I live near the ocean and that hasn't affected it. I think milk spots may have something to do with the minting process. Maybe some of the things used to wash the blank planchet left some unseen residue on some blanks.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
70 is just a number. Coin with milk spots is not a 70 which is supposed to be a "perfect" coin. Holder could say MS75 and milk spots will still be there. I gave up the quest for the "perfect" coin decades ago. Collector coins are to be enjoyed for what they are, not stressing about owning "perfect" ones. Opinion.
Albert Einstein himself stated "I'm not an atheist, and I don't think I can call myself a pantheist ... I believe in Spinoza's God who reveals himself in the orderly harmony of what exists, not in a God who concerns himself with fates and actions of human beings".
My explanation... modern crap turns. Don't blame the mint, don't blame PCGS, blame yourself.
The "buy it two years after issue date" sounds like the best strategy.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Comments
No doubt, but hardly PCGS' fault! I have had the same issue/s in the past.
First hand testimony is very important. I've suspected this happens based on what I read. I've never kept one long enough to see if it "turns" in the holder.
I don't blame PCGS at all. I was just mentioning it happened within a year's time. After a year I feel more comfortable they will be ok. (That's raw or slabbed)
My YouTube Channel
Just curious was there any, even small sign, they might develop spots? I'm just curious on if any "tell tale" indications when looking at ASE's that may indicate it will happen
Was more of a rhetorical response.
Actually no. Nothing that I saw. They looked fine, then around 9 months later I was in the PCGS box and looked at them to find the spots.
My YouTube Channel
Thanks!.. just started collecting ASE's.. going to have to give this some real thought.. info much appreciated
Perhaps buy ones that are at very least a year or two old that are already slabbed. If they are without spots, you are probably fine at that point.
My YouTube Channel
good call.. that is along the lines thinking..
IMO, it is a waste of $$$ buying MS/PR70 coins.
why? Please explain.. thanks
If/When you decide to sell just don't be shock if you can't find a buyer willing to pay a premium for your MS/PR70 coins. Plus, a 70 coin may not be a 70 coin after a few years in the slab..i.e..this thread.
Look at the brighter side, milk spot > @DancingFire said:
If you check on ebay/ current market demand, most ms/pr 69 regardless of year are sold as bullion and close to issued price while ms/pr 70 are being sold as collectible and cost twice as much if not more.
To avoid milk spots, it's best to purchase from secondary market after a couple years of releasing. I haven't seem any report that a sudden milk spot appear after two years. In other words, stay off the ms70 2016 and 2017 for now.
Take these so call MS/PR70 coin to a major show and see how many dealers are willing to pay a big premium. It is ok to pay a little premium but 100%?...Nahhh not me!...They can go find another sucker.
true,, but the rise in value of the 70's over 69's is astronomic...
@denali12 said: "...but the rise in value of the 70's over 69's is astronomic..."
This is true. While the interest in SE continues, it is always better to purchase items in the best condition you can afford. Hopefully, there will be collectors in the future who'll want your coin when it's time to sell. With strong customer support, the price of 70's will continue to rise. Nevertheless, there is a difference between a retail price, a wholesale price, what you will actually get, and stealing.
And therefore the Mint should refund you the orignial cost of the coin. And buy it back from you for the original price or melt value whichever is higher?
PCGS should offer some sort of FREE conservation service for coins that spottend while they were in a PCGS coin capsule. And in the future they should do the encapsulation in a chemically neutral atmosphere (ie pure nitrogen), instead of letting in that moist ocean breeze off the Pacific.
You can't remove milk spots.
Easier for PCGS to simply remove the guarantee on 70s, which they've done.
How do you know that there's anything in the air that is responsible?
I have an 86 ASE that I bought in 86. It is raw and in a plastic flip. It has no milk spots, no toning and simply looks amazing. I live near the ocean and that hasn't affected it. I think milk spots may have something to do with the minting process. Maybe some of the things used to wash the blank planchet left some unseen residue on some blanks.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Gumby I have heard the same. Blanks provided to mint. Mint sez it’s a washing problem at source. Residue waiting to say hi
🎶 shout shout, let it all out 🎶
70 is just a number. Coin with milk spots is not a 70 which is supposed to be a "perfect" coin. Holder could say MS75 and milk spots will still be there. I gave up the quest for the "perfect" coin decades ago. Collector coins are to be enjoyed for what they are, not stressing about owning "perfect" ones. Opinion.
Albert Einstein himself stated "I'm not an atheist, and I don't think I can call myself a pantheist ... I believe in Spinoza's God who reveals himself in the orderly harmony of what exists, not in a God who concerns himself with fates and actions of human beings".
Well that is true for all coins! Duh!
I have only seen milk spots on the ASEs of old and some silver coins.
Has this happened to gold coins?
Wayne
Kennedys are my quest...
@WAYNEAS
I have noticed a certain look on us gold commems In pcgs plastic. They tone some. I don’t see that toning on coins in OGP
Martin
My explanation... modern crap turns. Don't blame the mint, don't blame PCGS, blame yourself.
The "buy it two years after issue date" sounds like the best strategy.
Just so there is no confusion. I’m not blaming any one for the gold toning in or out of holders. It’s just been an observation of mine
Martin