1986 Proof 70 ASE to TPG or not to TPG?

ipmman · November 27, 2007 5:25PM

If you had an absolutely pristine 1986 Proof ASE, would you send it in? It is still in the US Mint capsule.

I did contact PCGS about 2 months ago, and they did say they accept them.

I asked about milk spotting, and the customer service rep said she believed the1986 was not as likely to milk spot, but was not 100% certain of this. I have an 8 piece submission certificate about to expire, and was thinking of sending this in.

MoneyLA · November 27, 2007 6:46PM

you won't have a 70 until some TPG grades it.

ipmman · November 27, 2007 7:00PM

<< you won't have a 70 until some TPG grades it. >>

Is it not a coin until a TPG grades it? I have the coin, it is what it is. A TPG doesn't make a coin into something it's not. Heck, the TPG's should start just throwing away the coins, since they are meaningless, and just sell the plastic, the higher the number printed on it the greater the value.

Btw Titles are attention getters. Got yours.

Now read the question again, and see if you can actually answer it.

Bruceswar · November 27, 2007 7:17PM

If you ask me I say pass. Do not submit. That is just me though

morgansforever · November 27, 2007 8:11PM

If you think you have a 70, most likely it will come back a 69.

The casual submitter like myself, always gets the 69.

ipmman · November 27, 2007 8:14PM

My main concern is the likelihood of milk-spots. I hate to have something I've kept in good shape for over 10 years get messed up.

I am fully aware of the unlikelihood of an MS 70.

ABSilvercoins · November 27, 2007 9:48PM

Get it graded. Why are you asking this question? You have already paid the grading fee and you get a guarantee covering the possibility of milk spotting.

dorkkarl · November 27, 2007 10:48PM

ok, so, you like the coin, right? you think it's beautiful, pristine, whatever, right?

then why in the he11 do you need a pla$tic co. to confirm the opinion that you already have?

here's an idea: ENJOY THE COIN FOR WHAT IT IS.

you don't need a $lab for that.

K S

segoja · November 27, 2007 11:01PM

Milk Spotting is an issue on MS coins more so than proof coins.

Sending one coin in will most likely garner a 69

ipmman · November 27, 2007 11:11PM

<< ok, so, you like the coin, right? you think it's beautiful, pristine, whatever, right?

then why in the he11 do you need a pla$tic co. to confirm the opinion that you already have?

here's an idea: ENJOY THE COIN FOR WHAT IT IS.

you don't need a $lab for that.

K S >>

Well said.

It challenges the notion about whether I am a collector or investor at heart.

Is it worth the $ to let them possibly destroy a pristine example of something?

I already know the answer to that.

Thanks!

OPA · November 27, 2007 11:13PM

<< My main concern is the likelihood of milk-spots. I hate to have something I've kept in good shape for over 10 years get messed up.

I am fully aware of the unlikelihood of an MS 70. >>

Rinse it in acetone before submitting ...

ricko · November 27, 2007 11:15PM

If you are seeking a status symbol, have it graded. If you love the coin, believe it is a 70, have confidence in yourself, and do not need validation by others, then keep it the way it is. Cheers, RickO

57loaded · November 28, 2007 12:33AM

<< 

<< you won't have a 70 until some TPG grades it. >>

Is it not a coin until a TPG grades it? I have the coin, it is what it is. A TPG doesn't make a coin into something it's not. Heck, the TPG's should start just throwing away the coins, since they are meaningless, and just sell the plastic, the higher the number printed on it the greater the value.

Btw Titles are attention getters. Got yours.

Now read the question again, and see if you can actually answer it. >>

if i read your thread topic......

i'm sure the poster who got under your thin skin did the same

ipmman · November 28, 2007 5:24AM

<< 
if i read your thread topic......

i'm sure the poster who got under your thin skin did the same >>

I know!

Almost as lame as using ridiculous little cutesy smileys to get your point across.

fc · November 28, 2007 5:39AM

ipmman,

i see no one mentioned this but in my opinion nothing is cooler
then original untouched with mint packaging.

for example a 195X mint proof set in that small little brown box
with each coin stapled together in plastic wrapping.. and even
better then that unopened original mint tape ;-)

sooo to summarize, if the packaging has to be messed with
to get the coin out i would probably not submit.

but if you can get the coin out and keep the packaging intact
and mint, go for it! one could always crack the coin out and sell
it with the original packaging in mint shape.

which i feel may hold more of a premium down the line.

antiques without the original box, a la toys, always sell for huge
premiums with a nice box.

mach19 · November 28, 2007 6:03AM

<< My main concern is the likelihood of milk-spots. I hate to have something I've kept in good shape for over 10 years get messed up.

I am fully aware of the unlikelihood of an MS 70. >>

MS-70 Or PF-70?

Longacre · November 28, 2007 6:17AM

I would just leave it as is. Of course, you will never be able to get a sticker on it, but I suppose there are worse things in the world.

Bochiman · November 28, 2007 6:20AM

<< If you are seeking a status symbol, have it graded. If you love the coin, believe it is a 70, have confidence in yourself, and do not need validation by others, then keep it the way it is. Cheers, RickO >>

Now, see that? Rick says the same thing as what dorkkarl says yet Rick is, by far, more polite in saying it and not just trying to shove his opinion down anyone's throat.
Rick, can you please teach dorkkarl once his lobotamy is finished?
His "people" skills need serious work

Bochiman · November 28, 2007 6:22AM

<< 

<< 
if i read your thread topic......

i'm sure the poster who got under your thin skin did the same >>

I know!

Almost as lame as using ridiculous little cutesy smileys to get your point across. >>

I thought you had a hissy fit and promised to leave? Well, I KNOW you had a few hissy fits but I thought you were so disgusted with some people here and this place that you threatened to leave, and had?
I've noticed that you couldn't stay away

<----see the smiley? Got my point across, right?

ipmman · November 28, 2007 7:04AM

Bochi, Just admit you have the hots for me and leave it at that.

Bochiman · November 28, 2007 7:21AM

Nah...I find you negative, a know-it-all, and rude.
I also notice that you don't keep your word...when you say you are leaving and not coming back, you really should follow-through

BECOKA · November 28, 2007 7:30AM

To go against what some other posters say I have done many submissions of one coin that has come back a 70. If it is truly a 70 there is a good chance that is what it will come back as.

For milk spotting I don't think it has much to do with the slab. Most likely being exposed to the air between your house and PCGS will get the chain reaction started if it starts at all. Since you have not had any issues chances are as long as you store the slabbed coin in the same conditions as it currently is stored you will not have any problems.

I like all my stuff in the same holders and would lean toward getting it graded. If you have many other coins stacked in boxes then you might as well leave it. You can have it graded any time in the future if your desires change.

ipmman · November 28, 2007 9:42AM

It is Proof. So I understand, the proofs are not likely to milk-spot? Is it at all possible?

BECOKA · November 28, 2007 9:46AM

<< It is Proof. So I understand, the proofs are not likely to milk-spot? Is it at all possible? >>

The proofs do spot often. Because their surface is polished PCGS can actually remove spots if detected early. They cannot do this on MS coins.

I agree with a former post that the 1986 is less likely to spot than ones in the last few years.

jmski52 · November 28, 2007 10:04PM

If you plan on selling it and believe that it's a 70, then have it graded. Otherwise, it's really not necessary. If it's a 70 now, it will be a 70 later, unless you forget how to keep it stored in a cool, dry environment.

I had 15 each of the Proof Silver Eagles from 1986 to 1994 and never had one spot, all the way through to 2006. IMO, storage conditions and new (and sloppier) rinsing procedures at the Mint are probably equally responsible for the milkspots.

Bochiman · November 29, 2007 3:29AM

You have to look at it like this:

Can you afford to lose ~$30?

The reason is that, even if it looks PF70 to you, all it takes is for a PCGS grader to disagree with that and it becomes PF69. Now, it is a form of gambling. The win/loss ration is huge here. Without the PF70 plastic, the coin is $40 or so. (give or take a little). With the PCGS plastic, I would have to hazard a guess (without looking at the pops and ebay/heritage/etc) and say it is worth $600+.

So, that $30 either gets wasted (coin stays around $40 with or without the plastic) or gives a HUGE ROI.

Obviously, if you can find ANYTHING wrong with it, it isn't worth the gamble (strike/luster/dings/nicks/lack of frost/etc)....obviously strike/luster shouldn't be a problem on a SAE proof....

1986 Proof 70 ASE to TPG or not to TPG?

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