My coin was dipped.....What do I do now??

Schatzy · March 1, 2011 9:00AM

Well I bought this coin for my collection a year ago on Heritage.
When I went to the safe-deposit box Friday to get some coins
for reholder, I noticed that one of my coins now has white spots all
over the coin. I have not looked at the coin in some time but I know that
it didn't have the spots when I bought the coin!!

What do I do now??

Coin in question 1970 No-S PCGS PR68 Cameo

crypto79 · March 1, 2011 9:03AM

grade review and have PCGS dip it again

llafoe · March 1, 2011 9:06AM

PCGS will do a Spot Review. They will review the coin, "conserve" it, reslab the coin; if it grades PR67CAM or lower, they will offer compensation. The cost is shipping there and back; no other fees.

kurtdog · March 1, 2011 9:18AM

What's the dip of choice to address something like this on a clad dime? Do I have to be particular, or would any popular brand do?

19Lyds · March 1, 2011 9:23AM

By all means, submit it to PCGS for grade review.

Had it been a common dime no biggie but this No S isn't common by any means.

Schatzy · March 1, 2011 9:35AM

<< grade review and have PCGS dip it again >>

Why in the world would I want it dipped again!!
There is no reason this coin should have ever been dipped in the first place.

Schatzy · March 1, 2011 9:37AM

<< By all means, submit it to PCGS for grade review.

Had it been a common dime no biggie but this No S isn't common by any means. >>

That is the whole reason I am so upset!! This ain't no $50 coin!!

lkeigwin · March 1, 2011 9:38AM

<< 

<< grade review and have PCGS dip it again >>

Why in the world would I want it dipped again!!
There is no reason this coin should have ever been dipped in the first place. >>

You don't know why it might have been dipped or that it should never have been dipped.

Consider the work that PCGS does to save it "conservation". Then forget about it.
Lance.

Cameonut · March 1, 2011 9:41AM

Send it to PCGS for a spot review as others have noted above.

I have had the same issue in the past and PCGS is very fair to work with. In the end, they treated me so well I have over 95% of my coins in PCGS slabs. They stand behind their product.

cmerlo1 · March 1, 2011 9:42AM

<< 

<< grade review and have PCGS dip it again >>

Why in the world would I want it dipped again!!
There is no reason this coin should have ever been dipped in the first place. >>

I would prefer dipping this coin to leaving the potentially more damaging spots on it. PCGS has an excellent guarantee- let them solve the problem for you.

llafoe · March 1, 2011 9:49AM

In the case of many modern coins, they were "rinsed" at the Mint and not "dipped" by a collector/dealer. I'd rather have PCGS "conserve" my coins than have the spots grow on my coins.

mrcoin3 · March 1, 2011 10:15AM

Let pcgs fix it. As it stands now your coin has a cancer that ain't going to go away and will get worse.
Nothing to think about, just do it.

toyz4geo · March 1, 2011 10:15AM

Answer: All the above.

I have an 1938-D Buffalo MS67 (Obviously not in the same class as your no P dime) that had grown a real ugly white splotch on it and it was conserved by PCGS at no cost to me. They will stand behind it!

George

JupitarCoins · March 1, 2011 11:48AM

Just curious whats that coin worth nowadays?

Tdec1000 · March 1, 2011 12:07PM

There is not much else you can do besides that. It probably wasn't dipped but rinsed at the US mint prior to striking. If the coin was dipped by a dealer or seller it might have been because the coin had a stain or some other problem.

Just a tought....I would send it to PCGS under GRADE GUARANTEE or SPOT REVIEW.

TennesseeDave · March 1, 2011 12:12PM

Doesn't look like a cameo at all.Are you sure it was designated as a cameo?

GoldenEyeNumismatics · March 1, 2011 12:55PM

I doubt that coin was ever dipped. Looks like just natural spotting... similar to what is seen on PCGS silver eagles.

Rampage · March 1, 2011 12:58PM

Well, not to beat a dead horse, but as others have stated, send it to PCGS for spot review. They are top notch and will definitely take care of your problem.

Rampage · March 1, 2011 12:59PM

And, I agree, the coin does not look CAMEO at all. Maybe it is just your images. But, if it is designated as a CAMEO, I would send it in for both, spot review and designation review.

llafoe · March 1, 2011 1:02PM

<< And, I agree, the coin does not look CAMEO at all. Maybe it is just your images. But, if it is designated as a CAMEO, I would send it in for both, spot review and designation review. >>

Maybe the milk spots ARE the Cameo?

It may be the lighting... it looks like there's frosting in the hair above the ear, etc. The lighting may be bleaching the contrast between mirrors and frosting?

derryb · March 1, 2011 1:05PM

Chances are it was never dipped. Also, the newly formed spots cannot be "dipped" off. PCGS compensation is your only recourse.

Schatzy · March 1, 2011 1:08PM

<< Chances are it was never dipped. Also, the newly formed spots cannot be "dipped" off. PCGS compensation is your only recourse. >>

Okay so how do spot just form after the coin was minted 30 years ago.
Last year no spots and this year spots??? I am sorry but I still think it was dipped!!

crypto79 · March 1, 2011 1:11PM

<< 

<< Chances are it was never dipped. Also, the newly formed spots cannot be "dipped" off. PCGS compensation is your only recourse. >>

Okay so how do spot just form after the coin was minted 30 years ago.
Last year no spots and this year spots??? I am sorry but I still think it was dipped!! >>

I agree with you and a lot of valuable coins a freshened "Just cause" before being submitted with the hope of a higher grade.

Schatzy · March 1, 2011 1:12PM

<< Doesn't look like a cameo at all.Are you sure it was designated as a cameo? >>

Here is the pictures of the slab from Heritage? No the best cameo coin!!

MacCrimmon · March 1, 2011 1:14PM

1. Condensation!

2. Slabs are potential moisture traps.

3. SDBs are high humidity environments which are not designed for optimal metals storage.

4. Only the "sniffer" could tell the Source of the Spot.

Schatzy · March 1, 2011 1:14PM

<< Just curious whats that coin worth nowadays? >>

PCGS says $1200 but really they go between $900 and $1100 in auction.

derryb · March 1, 2011 1:16PM

The "milk spot" issue is a common problem with modern US Mint silver. It especially appears on silver eagles removed right from a fresh mint tube. If the spotting was due to dipping after coins left the mint it would not be so common on coins that are known not to have been post-mint dipped such as the silver eagles coming out of mint tubes for the first time. It is not just a US Mint problem; Canadian silver maples have even more spotting problems. For some unknown reason the spotting does not surface immediately. I'm very surprised that your coin took 30 years to develop spotting and the fact that it occurred on a proof is more surprising. Maybe the fact that it is a proof has something to do with long delay in surfacing.

Schatzy · March 1, 2011 1:18PM

<< 1. Condensation!

2. Slabs are potential moisture traps.

3. SDBs are high humidity environments which are not designed for optimal metals storage.

4. Only the "sniffer" could tell the Source of the Spot.

>>

I have had 4 safe deposit boxes for 3 years with over 150 slabbed Roosevelt in them and this is the only coin to develop spots!!

MacCrimmon · March 1, 2011 1:23PM

<< 

<< 1. Condensation!

2. Slabs are potential moisture traps.

3. SDBs are high humidity environments which are not designed for optimal metals storage.

4. Only the "sniffer" could tell the Source of the Spot.

>>

I have had 4 safe deposit boxes for 3 years with over 150 slabbed Roosevelt in them and this is the only coin to develop spots!! >>

Well, let PCGS investigate via Heritage, and take care of it. Maybe the consignor is one of the infamous 'coin doctors'.

Schatzy · March 1, 2011 1:26PM

<< The "milk spot" issue is a common problem with modern US Mint silver. It especially appears on silver eagles removed right from a fresh mint tube. If the spotting was due to dipping after coins left the mint it would not be so common on coins that are known not to have been post-mint dipped such as the silver eagles coming out of mint tubes for the first time. It is not just a US Mint problem; Canadian silver maples have even more spotting problems. For some unknown reason the spotting does not surface immediately. I'm very surprised that your coin took 30 years to develop spotting and the fact that it occurred on a proof is more surprising. Maybe the fact that it is a proof has something to do with long delay in surfacing. >>

In you thread you keep referring to silver. The 1970 Proof Roosevelt are .750 copper, .250 nickel.......no silver so does your statement still hold any weight to clad coins.

Schatzy · March 1, 2011 1:27PM

Okay one more question......Don't I have to be a member at PCGS to submit it for spot review?

llafoe · March 1, 2011 1:31PM

<< Okay one more question......Don't I have to be a member at PCGS to submit it for spot review? >>

If you're not a member, another member or an authorized dealer can submit the coin for you.

llafoe · March 1, 2011 1:40PM

Your coin sold on 2/3/10 for $805 at Heritage. The Heritage photos clearly show that it's not a cameo. If you send it in for grade review or spot review, it's certain PCGS will downgrade your coin to a minimum of PR68, if not lower. PCGS Value for a PR68 is $1150 and PR68CAM is $1200. Not much of a difference. If they remove the spots (if they're from a bad dip and aren't milk spots), and downgrade it to PR68, don't expect more than $35-40 compensation from PCGS. If they are milk spots, they may not be able to "conserve" this coin. If it drops to a PR67, you'd probably only see a check for $100-$120.

Edited to add: PCGS may see this as a mechanical error. It's obvious it's not a cameo.

ModCrewman · March 1, 2011 1:47PM

I don't think I'd go so far as to say that it's definately not a cameo. The cameo's of the 50-70 era have become a new pursuit of mine of late, and having looked at a lot of Heritage auctions, it's not hard to find DCAM coins where the cameo hardly shows up in their photos...they really seem to be hit and miss on capturing the cameo.

IMHO when you look at the close-ups you can see that the devices aren't smooth, and do indeed have the frost there. I'd guess it's got more cameo there than the pictures would lead us to believe.

vann · March 1, 2011 2:42PM

<< 

<< Okay one more question......Don't I have to be a member at PCGS to submit it for spot review? >>

If you're not a member, another member or an authorized dealer can submit the coin for you. >>

You can submit coins for spot review without being a member. If you don't have a submission form you can contact customer service and ask them to mail it to you. You have to pay the shipping both ways plus the $8 handling fee. If PCGS can't remove the spots and the coin downgrades, they will contact you in regards to their buyback offer.

llafoe · March 1, 2011 2:46PM

<< 

<< 

<< Okay one more question......Don't I have to be a member at PCGS to submit it for spot review? >>

If you're not a member, another member or an authorized dealer can submit the coin for you. >>

You can submit coins for spot review without being a member. If you don't have a submission form you can contact customer service and ask them to mail it to you. You have to pay the shipping both ways plus the $8 handling fee. If PCGS can't remove the spots and the coin downgrades, they will contact you in regards to their buyback offer. >>

When I spoke with them today, they said they waive the $8 handling fee.

vann · March 1, 2011 2:54PM

<< 

<< 

<< 

<< Okay one more question......Don't I have to be a member at PCGS to submit it for spot review? >>

If you're not a member, another member or an authorized dealer can submit the coin for you. >>

You can submit coins for spot review without being a member. If you don't have a submission form you can contact customer service and ask them to mail it to you. You have to pay the shipping both ways plus the $8 handling fee. If PCGS can't remove the spots and the coin downgrades, they will contact you in regards to their buyback offer. >>

When I spoke with them today, they said they waive the $8 handling fee. >>

That may be the case then. I know in the past, on any free service there was no handling fee. Recently they began charging the handling fee for collector club grading vouchers and quarterly specials.

sinin1 · March 1, 2011 2:56PM

what makes you think it was dipped?

to me it looks like it was artificially frosted and that has gone bad - rather than dip residue

GrumpyEd · March 1, 2011 3:01PM

Call them and get the ball rolling. 800-447-8848

When it's over be sure to update the thread.

Good luck with it.

BAJJERFAN · March 1, 2011 3:02PM

<< 

<< grade review and have PCGS dip it again >>

Why in the world would I want it dipped again!!
There is no reason this coin should have ever been dipped in the first place. >>

What causes you to believe that it has already been dipped at least once?

Frankcoins · March 1, 2011 3:40PM

Certain types of "haze" on proofs can evaporate and reform as spots inside a slab due to temperature changes. PCGS can dip it off and it
will be gone. Ironically, had the coin been dipped BEFORE encapsulation, there would likely never have been a problem

ricko · March 1, 2011 11:32PM

I agree with Frank. You assume it was dipped, but if so, the spots would likely have appeared long before now. Each coin is different though and only sending it to PCGS can come close to establishing the root issue. Good luck, Cheers, RickO

ajman · March 2, 2011 1:03AM

Hi Schatzy, if you look at this photo of your coin I believe you can see some evidence of spotting. It's small but you can see it in several places. So it appears to me that it was there when slabbed and has grown since then. I agree with the others to have it sent in for a review. Good luck in whatever you decide what to do.

My coin was dipped.....What do I do now??

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