2021 T-1 ASE NGC MS70... ARRRRGGGGHHH
Got this a few months back, but its turned milky... CMON.. Its a 2021!!! 
Comments
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OUCH. Yes it goes to show me. I do not mess around with silver coins from the mints in 70 grades unless I’m paying the same as a lower grade, near spot. And sadly in the end, with that coin you are feeling a fall near the value of bullion.
Now riding the swell in PM's and surf.4 -
That's the risk with modern bullion. MS70 grade in a new issue does not protect a SE from developing milk spots.
I am sure you are not alone.
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What a bummer, I'd be aggravated too. Like Miles I stopped collecting modern silver coins for this reason, especially ASE's. Being a perfectionist, milk spots drive me nuts!
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I purchase uncirculated ASEs but only for bullion. I have yet to see milk spots on any of the roughly a dozen ASE's I've purchased over the past decade. I feel for you for having this happen to a premium ASE.
To me, it seems a smart thing to do would be to wait a few years after their release before buying high-grade ASEs and modern commemoratives. However, I'm not familiar with the market for MS69 and MS70 ASEs and how it fluctuates after a release.
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Same as the others above, I stopped collecting MS/PF70 ASE's in 2014 for the same reason. Milk spots drove me crazy.
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/3455720 -
I stopped chasing 70 .999 silver long ago, very susceptible to environmental variables. If you make a 70 unload it asap, jmo.
World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO0 -
Milk spot and a fingerprint. Rough.
He who knows he has enough is rich.
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@SamFlanigan .... Welcome aboard..... Such a shame.... Not much can be done now.... Cheers, RickO
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Oh man, that’s a shame.
I used to be all-in on ASEs. I got out of the game when they started with reverse proofs and all those expensive issues. Didn’t matter if they were in tubes or slabs, they were plagued with milk spots.0 -
Apparently the US Mint has some serious quality control issues. I wonder if they are aware of this situation and are working on a solution or if they even care.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire2 -
I am so sorry sir! Not exactly how I like to welcome someone to the forum. That’s terrible. Thanks for posting as most of us have a nightmare story to tell and I appreciate your sharing. Lot of smart folks here hope you stick around 🐈🤠
🎶 shout shout, let it all out 🎶
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@PerryHall said:
Apparently the US Mint has some serious quality control issues. I wonder if they are aware of this situation and are working on a solution or if they even care.They should have taken care of the milk spots years ago, just saying
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I have a PCGS MS70 2021 T1 that is skimming over also. It is a shame to watch the progression.
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The best advice is to stop chasing bullion coins in grades that only exist in plastic, MS70 being one of them. Treat bullion coins as bullion, nothing more. If you want to collect bullion coins by date just buy an album, look for a nice raw example, stick it in the holder and don't worry about what "plastic" grade it may achieve. This will save you a lot of money.
All glory is fleeting.2 -
That is the biggest milk spot that I've ever seen on any coin.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."0 -
@MilesWaits said:
OUCH. Yes it goes to show me. I do not mess around with silver coins from the mints in 70 grades unless I’m paying the same as a lower grade, near spot. And sadly in the end, with that coin you are feeling a fall near the value of bullion.yes maybe 69+ money on the bay
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@OPA said:
That is the biggest milk spot that I've ever seen on any coin.Keep in mind that this is a bulk bullion coin that does not receive the extra fabrication steps that the unc. and proof versions undergo during the minting process. However, it looks like it might be a condensation buildup problem inside the slab. Paper (labels) do contain a certain amount of moisture that just might be transferring to the coin.
If I were a TPG I would be focusing on how to completely seal the coin from the label. I've long suspected that the ink in paper labels is a major cause of "in slab" toning. Thin, plastic labels might just solve any label issues.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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To add insult to injury the coin isn't even centered properly in the slab.
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Ouch! Sorry to see that. Is there even a grade guarantee at a TPG for these situations now since it wouldn’t grade the same?
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That’s so sad. I wish there was a slab insert that somehow protected the coin, like if it was impregnated with intercept shield technology. Only I don’t know if intercept would prevent milkspots or not.
Mr_Spud
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@TurtleCat said:
Ouch! Sorry to see that. Is there even a grade guarantee at a TPG for these situations now since it wouldn’t grade the same?PCGS Policy for Spotting of Modern Silver Coins
It also shows up in the PCGS Guarantee of Grade and Authenticity.
"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, changes in color, and corrosion."0 -
I do not buy MS70 certified SAEs. I will buy MS69 certified SAEs if I can get them pretty close to the price of the raw ones. This way, not much downside. Some have developed milk spots, most haven't. I consider them bullion.
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Another nail in the Mint's coffin.
Add to this the 2021 Morgan and Peace dollar issues....
The Mint needs to dive into producing quality coins especially with the prices they are now charging.
WayneKennedys are my quest...
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That sucks.
I can't believe that no one has figured out how to stop the issue of milk spotting by now. There was a large reward, too.
Such a shame, but I agree with the others about chasing 70 grades for modern silver.
It is a losing proposition.Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."1 -
Happens all the time. It sucks but is part of the modern 70 game.
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@derryb said:
@OPA said:
That is the biggest milk spot that I've ever seen on any coin.Keep in mind that this is a bulk bullion coin that does not receive the extra fabrication steps that the unc. and proof versions undergo during the minting process. However, it looks like it might be a condensation buildup problem inside the slab. Paper (labels) do contain a certain amount of moisture that just might be transferring to the coin.
If I were a TPG I would be focusing on how to completely seal the coin from the label. I've long suspected that the ink in paper labels is a major cause of "in slab" toning. Thin, plastic labels might just solve any label issues.
I personally think that the storage environment has more than anything to do with any moisture issues. I live in a dry climate and not one of my ASE's (be they bullion, OGP, or slabbed) has ever produced a milk spot or haze like the op coin has. Granted I do not own thousands of ASE's so the sample size is small, but...
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@Mr_Spud said:
That’s so sad. I wish there was a slab insert that somehow protected the coin, like if it was impregnated with intercept shield technology. Only I don’t know if intercept would prevent milkspots or not.The mint blames the supplier and the supplier blames the mint. Apparently there is residue left after cleaning and instead of taking care of it they prefer to blame each other.
It seems to really be down to washing the dang blanks better. Really lame 😬🎶 shout shout, let it all out 🎶
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From my experience, milk spotting doesn’t seem to be an issue at all with raw SAEs. Just seems to develop in certified coins.
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@CoinHoarder said:
From my experience, milk spotting doesn’t seem to be an issue at all with raw SAEs. Just seems to develop in certified coins.raw silver maples are notorious for spotting in the tubes.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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In my opinion PCGS and NCG should not even grade bullion coins - they are for investors and not collectors. They have zero numismatic value!!
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@Che_Grapes said:
In my opinion PCGS and NCG should not even grade bullion coins - they are for investors and not collectors.there are a lot of bullion coin collectors.
They have zero numismatic value!!
so do the comic books and baseball cards that they grade.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Some Simpson's logic:
Bart: "this is the worst day of my life."
Homer: "the worst day of your life so far."1 -
Its all good.. I just wanted to vent.. Was gonna try and do some trades for the New Morgan Bullion... LMBO
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I'll give you $22 bucks if you want to get rid of. I know we are not supposed solicit offers on the main board, Post it in the BST PM thread. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
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Blitzdude, enters to add insult to spotty injury.
Now riding the swell in PM's and surf.1
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