I WILL NOT Be Buying Any More Silver Eagles

GoldDigger66 · July 25, 2007 8:40AM

I have five proof 20th anniversary silver Eagles I just took out to look at and wouldn't you know it, milk spots appearing around the outside rim on all of them. Pathetic. Now these are pretty much worthless. I have a PR70 silver reverse proof and I will be keeping a sharp eye on that one. Once the milk spotting begins I will be unloading it faster than a machine gun. The Mint needs to get this under control. Totally ridiculous.

StampAlarm · July 25, 2007 8:41AM

Unloading it on who? And how?

GoldDigger66 · July 25, 2007 8:44AM

<< Unloading it on who? And how? >>

Whomever wants it.

Scioto · July 25, 2007 8:46AM

<< 

<< Unloading it on who? And how? >>

Whomever wants it. >>

Please enter my name in your most generous giveaway and Thank You for the chance!

Swampboy · July 25, 2007 8:49AM

<< 

<< 

<< Unloading it on who? And how? >>

Whomever wants it. >>

Please enter my name in your most generous giveaway and Thank You for the chance! >>

21Walker · July 25, 2007 8:58AM

Just checked my sets and all's well........Rick

Bochiman · July 25, 2007 9:00AM

<< 

<< 

<< Unloading it on who? And how? >>

Whomever wants it. >>

Please enter my name in your most generous giveaway and Thank You for the chance! >>

Golddigger....ignore this troublemaker above....I will pay you face value for the coin when you unload it

Bajajim · July 25, 2007 9:01AM

When was the last time you had seen these silver eagles without the milk spots?

Bochiman · July 25, 2007 9:02AM

<< When was the last time you had seen these silver eagles without the milk spots? >>

The night of the 12th. I know because it was a full moon and I saw Colonel Mustard under the maple tree talking to Miss Scarlet, who happened to have a candlestick in her hand

Scioto · July 25, 2007 9:02AM

<< Golddigger....ignore this troublemaker above....I will pay you face value for the coin when you unload it

>>

BM, you make "troublemaker" sound so negative.

Doogy · July 25, 2007 9:05AM

MMMMMmmmmmm............milk

HonoluluDude · July 25, 2007 9:19AM

Funny thing, up til this day only my slabbed (both proof and MS) silver eagles have spotted.
Maybe it's a chemical reaction with the PCGS plastic?

I unloaded all my spotted eagles a few months ago, including the 20th anniv. set.

GoldDigger66 · July 25, 2007 9:19AM

"When was the last time you had seen these silver eagles without the milk spots?"

I'd say 3-4 weeks ago. Once they start its all over.

57loaded · July 25, 2007 9:50AM

sorry 'bout that. it seems some do and some don't.

i've seen some with brown spotting (maybe from brown cows) some that were "flawless" a few months ago, it's sad as it is a very purdy coin.

and a fair number of carbon specks.

TwoSides2aCoin · July 25, 2007 9:52AM

I'll give ya a hundy for the reverse proof

Got Milk ?

GoldDigger66 · July 25, 2007 10:28AM

<< I'll give ya a hundy for the reverse proof

Got Milk ? >>

It does a body good.

pf70collector · July 25, 2007 10:51AM

Golddigger. Just curious. Do you live in humid environment? I do and constantly have the AC on for fear of what humidity might do to some of the few ASE I have at home.

shmort6552 · July 25, 2007 11:08AM

I just checked all of mine and they are fine.

My dumb question: Do they spot because of the method of manufacture/storage or what causes the spots???

Bruce

bwjets · July 25, 2007 11:10AM

<< I just checked all of mine and they are fine.

My dumb question: Do they spot because of the method of manufacture/storage or what causes the spots???

Bruce >>

I was wondering the same thing

pf70collector · July 25, 2007 11:14AM

Its the rinse that the mint uses on them. But environment could be a cause to further bring out the spotting. However, I have had a 2004 NGC MS 70 turn up one small spot so they don't all occur in the raw state.

al410 · July 25, 2007 11:14AM

Funny thing, up til this day only my slabbed (both proof and MS) silver eagles have spotted.
Maybe it's a chemical reaction with the PCGS plastic?

I unloaded all my spotted eagles a few months ago, including the 20th anniv. set.

I had a complete set in an album and several of them started to spot so I sold my set. Has nothing to do with them being slabbed

AL

GoldDigger66 · July 25, 2007 11:47AM

Here is an example of one:

fc · July 25, 2007 12:31PM

not really much to say except the irony is delicious.
take a bullion round and put plastic around it to make it seem
more desirable, only to see them go bad!

delicious ending to a barnum and bailey plan.

Bochiman · July 25, 2007 3:10PM

<< 

<< Golddigger....ignore this troublemaker above....I will pay you face value for the coin when you unload it

>>

BM, you make "troublemaker" sound so negative. >>

Hey...if I could get the coin for face value, then it was worth it

(you're a good guy, Scioto, but all's fair in going after a SAE in PR70

)

FullStrike · July 25, 2007 5:21PM

Interesting. A coin turns red green and blue and it's worth the big bucks. It turns white and it's worthless.

Is there anyway to remove these " milkspots" ? Anyway at all ? How about NCS?

Texast · July 25, 2007 5:35PM

Have you ever wondered what happens to a proof coin if a grader happens to sneeze??

BAJJERFAN · July 25, 2007 9:49PM

<< I unloaded all my spotted eagles a few months ago, including the 20th anniv. set. >>

Put em up on eBay; maybe you could convince some rookie that its the RARE "spotted owl" variety.

Unless someone can prove that the holder caused the spotting can someone please explain why PCGS should have any liability in this if the coin was spot-free when graded and holdered?

BAJJERFAN · July 25, 2007 9:51PM

<< I had a complete set in an album and several of them started to spot so I sold my set. >>

Did you sell them for $3 over "spot"?

hubird · July 25, 2007 11:32PM

If everybody is so concerned about this spotting situation, why hasn't someone enlisted the aid of a qualified microbiologist? It wouldn't take much work to discover what milk spots actually are. It's just some typical "bug" that cultures up well in the micro-climate of the coin's surface/container. Personally, I think it's a government-sponsored biological warfare experiment. Identify the bug and a "treatment" for the coin could begin.

Bajajim · July 26, 2007 12:59AM

I guess I need to check mine again. I really wanted to hold on to these sets, especially the first strike sets, but I am getting really nervous.

Bajajim · July 26, 2007 1:00AM

<< 

<< When was the last time you had seen these silver eagles without the milk spots? >>

The night of the 12th. I know because it was a full moon and I saw Colonel Mustard under the maple tree talking to Miss Scarlet, who happened to have a candlestick in her hand

>>

It was in the library

EricSan · July 26, 2007 1:16AM

So why does this problem not happen with any of the silver commems that are issued? It seems that the spotting problem is exclusively reserved for eagles, so what's the difference?

Eric

BAJJERFAN · July 26, 2007 1:26AM

<< So why does this problem not happen with any of the silver commems that are issued? It seems that the spotting problem is exclusively reserved for eagles, so what's the difference? >>

I have wondered that as well, but I'd guess with the sheer volume of ASE's over commems that the planchets are treated differently or more likely with a little less care.

pf70collector · July 26, 2007 1:30AM

Grade guarantee. Have you asked PCGS if they will buy back the coin?

BobaFett72 · July 26, 2007 1:32AM

I will pay TWICE face value lol.

Jcarney · July 26, 2007 1:37AM

I just checked my 20th Anniversary PCGS MS69/PR69 set of SAEs and no spots. I still have an unopened box of 10 sets...hope they're OK.

GoldDigger66 · July 26, 2007 1:49AM

<< Grade guarantee. Have you asked PCGS if they will buy back the coin? >>

No I did not, but I'll have to look into it.

swest · July 26, 2007 1:55AM

I collect Proof Silver Eagles and have had a spot or two show up on coins I bought.

I am careful not too invest too much money in the coins and have usually made money on more modern releases and kept a couple for my collection. Then I use the money I made to purchase the years I don't have. So overall, my ASE Proof collection is small (but growing) and mostly free. I really worry about spots since I am collecting all 70s and some are worth quite a bit of money. They are all in my bank deposit box and I used a foodsaver sealer to suck out all the air. My hope is that will protect them of external temp and all that.

I love these coins and the design but really do hate the concern of milk spots. I figure if I keep my set in good shape it will be worth even more since Milk spotting is taking out some of the population. However, I could be hosed just as easily lol. Now I have to go check out my coins for my own peace of mind lol.

Sorry to hear about the spotting on yours. Have you tried to vacuum sealing them to see if that helps?

Swest

ldhair · July 26, 2007 2:00AM

<< So why does this problem not happen with any of the silver commems that are issued? It seems that the spotting problem is exclusively reserved for eagles, so what's the difference?

Eric >>

Silver Eagles are 99% silver and Comm's are 90%.

GoldDigger66 · July 26, 2007 2:01AM

No vacuum sealing here, but it's too late for these anyways. I'am not a silver Eagle collector, luckily. These we're out of the 20th anniversary sets and thats the only reason I have them. I will not be buying any more in the future until they get this under control.

ldhair · July 26, 2007 2:26AM

What's crazy to me is that the 64 Kennedy half in proof can have the same problem and it's 90%.

If I understand this. The rinse that is said to be the cause, was before the strike and is part of the coin not just on the surface. It's my opinion that a change in holder will sometimes activate the problem.

Once the mint capsule is opened the coin gets hit full force with the temp. and humidity of the air at the time. I feel this can start the process.

Jcarney · July 26, 2007 3:32AM

<< What's crazy to me is that the 64 Kennedy half in proof can have the same problem and it's 90%.

>>

Many Franklins, both proof and MS, have spotting problems. Not sure if these problems are related to the SAE spotting issue.

EricSan · July 26, 2007 4:22AM

<< 

<< So why does this problem not happen with any of the silver commems that are issued? It seems that the spotting problem is exclusively reserved for eagles, so what's the difference?

Eric >>

Silver Eagles are 99% silver and Comm's are 90%.

>>

Thanks for the info, Larry. I never noticed the difference before...

Eric

kiyote · July 26, 2007 4:30AM

<< Unloading it on who? And how? >>

I specialize in buying problem coins at premium, non-problem coin prices!

57loaded · July 26, 2007 4:44AM

<< 

<< Unloading it on who? And how? >>

I specialize in buying problem coins at premium, non-problem coin prices! >>

how is that a specialty? seriously.

puritan9 · July 26, 2007 7:38AM

I'm glad I sold all of my graded sets. I'm not waiting for the shoe to fall.

I WILL NOT Be Buying Any More Silver Eagles

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