Pulled out the 2006 SAE Reverse Proof-Got sick

ONETHREE · May 22, 2007 12:15PM

I keep this in a very nice and cool closet. (PR68) The MS69 shows similar spotting. Are these milkspots?

GoldenEyeNumismatics · May 22, 2007 12:20PM

yes

ONETHREE · May 22, 2007 12:21PM

I did not expect this to happen on the reverse proof and so quickly! This coin had a minor spot in the field on the obverse which is why it rated a 68 at the time. But man this one went south quick. I looked at it a few months ago and it was fine.

persaus · May 22, 2007 12:24PM

I got rid of all my slabbed silver eagles..........because of the fear of just that. And plus the fact that I live in Okla and it is humid as hell here.

ONETHREE · May 22, 2007 12:25PM

Does the humidity lend itself to the problem?

Bochiman · May 22, 2007 12:26PM

Hold onto it...send it to PCGS for grade guarantee...even a PR68 shouldn't be that spotted.
They should pay market rate.
Buy replacement (raw or slabbed).

Goldbully · May 22, 2007 12:29PM

Are the PCGS slabs sealed from the elements???????

ONETHREE · May 22, 2007 12:31PM

All of the slabs that I keep at home are in blue PCGS boxes and kept indoors in an interior closet.

persaus · May 22, 2007 12:35PM

Its the rinse ( Others have more knowledge about this issue than I ) But the more I see the spots, the more I dont want them graded. Look at some of the Ebay auctions. If a seller has good pictures you can see the milk spots very easy. There are quite a few auctions for these that the spotting problem is very obvious.

persaus · May 22, 2007 12:39PM

<< All of the slabs that I keep at home are in blue PCGS boxes and kept indoors in an interior closet. >>

My First Strike PR70 Reverse started spotting within 3 months in a safe with dessicant canisters and stored in a intercept shield case.

I will not own another graded silver eagle until this issue is resolved !

Kareemofwheat · May 22, 2007 12:45PM

Sorry to see that. I think I will bail out with my 1 mint opened set. No sense taking a chance

Bochiman · May 22, 2007 12:49PM

<< 

<< All of the slabs that I keep at home are in blue PCGS boxes and kept indoors in an interior closet. >>

My First Strike PR70 Reverse started spotting within 3 months in a safe with dessicant canisters and stored in a intercept shield case.

I will not own another graded silver eagle until this issue is resolved ! >>

The PR70 RP? OUCH!!!

Sorry to hear that.

I dumped our slabbed set of SAEs (PCGS MS69 '86-present) a few months back due to potential spotting. They weren't spotting on me but I didn't want to take that chance...
I still have some slabbed 20th Annv coins but sold my PR70s for the car and kept the 69s.

TommyB · May 22, 2007 12:53PM

That is really too bad. Hate to see it happen.

If this problem is widespread, the price is going to go up even more for a spot free RP.

N8 · May 22, 2007 1:19PM

So do the slabbed ASE's spot more frequently than the raw ones?

JRocco · May 22, 2007 1:27PM

That is a shame. I would send it back for grade review.
I believe that the major TPG's have put most of their eggs in the Modern Grading Basket, so if a lot of these go south...????

Maybe they will start grading lettered edge classic coins with A's and B's also..........

Bochiman · May 22, 2007 1:29PM

<< So do the slabbed ASE's spot more frequently than the raw ones? >>

It seems that way but isn't restricted to slabbed coins.
The rinse seems to be the killer to these...and then the environment the coins are in seem to kick it up a notch.

I don't think anyone can definitively state what exactly is happening and/or how to prevent it.

HonoluluDude · May 22, 2007 1:47PM

Just checked mine too. The RP isn't spotting, but the other two in the set are.
Sick is about right.

Texast · May 22, 2007 2:31PM

Even more reason not to open an unopened set, I would hate to spend big money send it for grading and have it come back in a body bag for spots.... Just sell it on ebay, somone else can take that risk...

bluespaceant · May 22, 2007 2:40PM

MoneyLA · May 22, 2007 3:19PM

do milk spots affect the grades of proofs??

I recall a few years ago being told that milk spots do NOT affect PCGS grades. I recall that from my own Washington proof collecting days.

hmmm... am I wrong on this????????

however, I concede that the spots will affect market values if not the grade.

cheers. Alan Mendelson

BestDealsTVshow.com

GAB · May 22, 2007 3:23PM

Ya gotta luv the mint.
I'd take one of those SWEET unc 's off your hands for the right price.

PM me if you're selling any.

HonoluluDude · May 22, 2007 4:57PM

All of the milk-spotted Eagles I've encountered so far have all been those in slabs,
and have spotted post-slabbing.

I looked over some of my older untouched bullion rolls, and they look great, no spots.
Also, the Eagles in the original Mint capsules/packaging have not spotted.

Coincidence, or what?

What's the process to "make things right" as far as PCGS's guarantee?

Hugegut · May 22, 2007 5:57PM

ONETHREE · May 22, 2007 8:54PM

Just a note: None of the proofs from the same batch show any signs of spotting. What is the process for the grade guarantee? Does the spotting affect the grade? I wish it had done it earlier when the market for these was depressed. I could have fund a much cheaper replacement. I carry two siler proof eagles around in my pocket. One for the last three years and it shows no sign of spotting! Does any have any raw eagles that have done this?

BAJJERFAN · May 22, 2007 9:19PM

<< Even more reason not to open an unopened set, I would hate to spend big money send it for grading and have it come back in a body bag for spots.... Just sell it on ebay, somone else can take that risk... >>

Exactly!! Fear of spotting was the big reason I sold my best graded set as soon as I got them back from PCGS. PCGS should make it a standard practice to dip these coins before slabbing.

holeinone1972 · May 22, 2007 9:53PM

So would you crack all of your NGC PR69 and give them an acetone dip to maybe twhart the dreaded milkspots if they are currently not there?

Rob

boucharda · May 22, 2007 9:54PM

I just checked all my sets of NGC 20th ASE's (49 sets) and see no evidence of milkspots. ???only PCGS slabs with spots

Jcarney · May 22, 2007 10:05PM

<< Just checked mine too. The RP isn't spotting, but the other two in the set are.
Sick is about right. >>

Crap, I'm almost afraid to go look at my set of 69s.

jmski52 · May 22, 2007 10:58PM

I had 15 of each date from 1986 to 1994 in original Mint packaging, and not a single one ever developed milk spots. I only slabbed the remaining 6 coins last December, so I don't have much of a history on them yet. I had not heard much about milk spots being such a pervasive problem until this year.

I'm afraid to even look at the Anniversary Sets, so I just don't.

ChuckC · May 22, 2007 11:04PM

Note to self:

Slabbing + ASEs = Milkspots = Do not Slab and enjoy.

LouisCamp · May 22, 2007 11:13PM

Funny how they can't tone in a year, but they sure can spot up.

Lou

mamarubie · May 22, 2007 11:22PM

It's not the slabs. I had the same proplem with my raw 95W.

Jcarney · May 22, 2007 11:42PM

I just pulled my set out for a look. No spots. I wonder if I should put it on Ebay? It's a PCGS 69 set with the FS designation on the 2 proofs but not the MS. What can I expect to get for it? I haven't been following the graded set too closely since I never intended to sell mine.

ricko · May 22, 2007 11:52PM

This problem has been around for a long time. Someone with access to a SEM should do a scan and identify the elements involved and perform root cause analysis. It MUST be a preventable problem. I no longer have access to a laboratory with this equipment, or I would borrow a milk spotted coin and do it myself. I have not encountered milkspots myself - but the problem is so widespread it leads me to believe that all ASE's have the potential to manifest this phenomena if subjected to the right catalytic agent. Only that would explain why some do and some do not exhibit the problem. The Mint really has no compelling reason to do this... although the fundamental agent may be introduced during manufacturing - some other ingredient is necessary for the spots to appear. A good analytic chemist could solve this mystery. Somewhere in our vast membership there must be such a resource. Speak up!!! Cheers, RickO

John91C · May 23, 2007 12:01AM

I've not noticed any spotting on mine but now I'm worried about the future of these ASE milk spotting. If you had 2 sets 70/70/69 & 69/69/69 which would you sell (all have the 20th aniv. label, non-1st strike): would you keep the 70/70/69 set and chance spotting or sell both and take the profit? I love these coins...just pulled them out again from the safe and had a big smile because they are just pretty coins!

John

I forgot to add: I have 1 opened raw set and just sold one raw set for $495, also I' not seeing too many sets on the bay anymore

BAJJERFAN · May 23, 2007 12:56AM

The biggest difference between these two 70/70/69 & 69/69/69 is in what the label says. The average Joe can't tell the difference. Sell the one that will bring the most $$$ while its still problem-free. Or ask PCGS about a dip and reholder.

drjules · May 23, 2007 1:31AM

<< Hold onto it...send it to PCGS for grade guarantee...even a PR68 shouldn't be that spotted. >>

I agree, PCGS should pay out for their grade guarantee here - but has anyone tried?

Dr J

kwmorgan · May 23, 2007 1:32AM

So far, so good with my set. It's in the original mint package and I fully intend to leave it that way. Until about a year ago, I had proof eagles back to 2000 in original mint packaging. Never saw this problem with them. I do have the problem with some of my bullion eagles in the album. Go figure.

John91C · May 23, 2007 2:00AM

Anyone know if the unc. plats and gold bullion have these spoting issues? If so I need to sell my 2006-W plat set graded MS-69.

John

al410 · May 23, 2007 2:09AM

I had a complete set of Silver Eagles in a Dansco album that I purchased each year and I noticed a few of them were starting to spot, so it is not just the slabbed ones.

AL

HonoluluDude · May 23, 2007 2:12AM

<< Note to self:

Slabbing + ASEs = Milkspots = Do not Slab and enjoy. >>

I'm not gonna be slabbing any more Eagles from here on out. I'll stick to Morgans from now on.

ModernCrapNut · May 23, 2007 2:25AM

Has anyone tried any type of rinse before submitting for grading. If so, are there any problems with spotting?

Swampboy · May 23, 2007 2:36AM

<< Has anyone tried any type of rinse before submitting for grading. If so, are there any problems with spotting? >>

And another question; is that what foreign mints do to prevent the problem?

HonoluluDude · May 23, 2007 2:44AM

What I'd like to know is, has anybody encountered the Silver Eagle spots in NGC slabs?
I don't have NGC slabs, so maybe somebody else can chime in?

Konahead · May 23, 2007 2:46AM

<< All of the milk-spotted Eagles I've encountered so far have all been those in slabs,
and have spotted post-slabbing.

I looked over some of my older untouched bullion rolls, and they look great, no spots.
Also, the Eagles in the original Mint capsules/packaging have not spotted.

Coincidence, or what?

What's the process to "make things right" as far as PCGS's guarantee? >>

I have around 100 slabed ASE both Unc and Proofs. I check them a few times a year and knock on wood no spots. I live is Las Vegas with average humidity of 10%. Is it because it is dry that I don't get the spots?

Konahead · May 23, 2007 2:47AM

<< What I'd like to know is, has anybody encountered the Silver Eagle spots in NGC slabs?
I don't have NGC slabs, so maybe somebody else can chime in? >>

Most of my eagles are in NGC slabs, but I don't know if that is the answer or the dry enviornment I live in?

CoinHusker · May 23, 2007 2:51AM

<< And another question; is that what foreign mints do to prevent the problem? >>

'05 darkside thread on that topic

boucharda · May 23, 2007 2:53AM

<< What I'd like to know is, has anybody encountered the Silver Eagle spots in NGC slabs? >>

That's the question I posted on a similar subject. I have 49 NGC graded sets (20th ASE) and none have spots. I live in Massachusetts with pretty good humidity. ? related MOSTLY to the PCGS slabs or is it as common to NGC as well

Edited to add quote

HonoluluDude · May 23, 2007 2:53AM

<< 

<< What I'd like to know is, has anybody encountered the Silver Eagle spots in NGC slabs?
I don't have NGC slabs, so maybe somebody else can chime in? >>

Most of my eagles are in NGC slabs, but I don't know if that is the answer or the dry enviornment I live in? >>

I'd buy the humidity argument if my other non-slabbed Eagles were milk spotting, but they're not.
Maybe the slabbing accelerates the process somehow?

Bajajim · May 23, 2007 3:03AM

I haven't looked at mine for awhile but now I'm very scared. I will post my results once I check on them.

BAJJERFAN · May 23, 2007 3:31AM

I have lots of PCGS slabbed ASE's that aren't spotted. Frankly I don't see how PCGS has any liability for the problem unless they agree to dip them and the dipped coins still spot in the holders.

Pulled out the 2006 SAE Reverse Proof-Got sick

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