Silver Libertad Proof MS-70, With Milk Spots

:You know, MCM coins about a year ago, sold me a PF70 Somalia High Relief silver coin, with spots. They did not mention the milk spots on the listing, nor did the photo show any.

To top things off, I could not return the coin because at the time, they considered it "bullion". Which I was like really?

I can see tho, they finally relented and have changed their policy on these coins, now they give you 14 days on proof coins as an example on the Panda 150 gram silver coins.

I try and buy proof silver coins but only in OMP if possible, sometimes tho, a graded 69 proof is cheaper than doing the OMP lol and thankfully, I have avoided getting them with milk spots.

I wonder if our poster was able to resolve his issues with Don Bailey and sons?

Ya thats quite telling, and is the reason I don't buy proofs anymore, I would rather buy an "enhanced coin" then a proof, don't have to worry about milk spots.

I will say this though, I have bought many proof silver coins from the RCM and have never seen a milk spot, but have seen many RCM bullion coins with milk spotting, so they must use a different method / process for their numismatic plancets then their bullion plancets and there for they know how to mostly avoid milk spotting but keep right on producing bullion with milk spotting issues, I assume its because they need to keep cost down on bullion production but with the high mark up on their numismatic coins they can spend the extra on processing the plancets properly.

I am no expert though lol but it seems most mints dont care about milk spotting issues or don't want to spend the extra money on the better plancets.

It seems "every" mint has a similar issues.

@TMDC

I think you did the right thing and took your money. Its clear, it has milk spots. They are NOT 70s and I can guarantee you on ebay, if you put that same coin on, it wont go for a 70 price.

I can only suggest to try and stick to slabbed 69s OR just shoot for a set thats not slabbed, that way if do get the spots, it wont be really that bad of a deal.

Its amazing how dealers just seem to, I dunno, try and down play the significance of these spots. Again, MCM about 2 years ago, sold me a PF70 somalia high relief elephant and refused to let me send it back, even tho it had milk spots, the listing did NOT mention it at all and they considered bullion on top of that.

After that experience and having read countless horror stories, I made my mind up I either buy in OGP or a PF69.

Don Bailiey I have done business with them. I bought some Silver Libertad proofs a couple years back, just in the mints capsule and had no problem, coins still look good. I think they are reputable dealers but like everything else, dealers are interested in just a sale. I remember the hard sell Don Bailey gave me a few years ago about proof gold Libertads and how they were great investments low mintage and right away he could sell me a PF70 on a gold proof.

That was a turn off. I think tho its good they let you return the coins, they should because those coins are NOT perfect as we can all see with the milk spots. Do they have any silver proof Libertads NOT slabbed?

so did you continue collecting Libertads? any updates?

hey TMCD75, that reverse proof is really nice, I would be interested in buying just the 2015 reverse proof, nice coin!

Glad you stuck with 69s, at LEAST, if something goes wrong in terms of white spots, IF you plan on selling, you wont get hosed as if you bought a 70 and spots showed up.

If I buy a proof silver coin, I compare prices on 69 versus raw and often find that prices run neck and neck and sometimes if you can find an auction for graded 69s from say MCM, even better, they often come BELOW the raw price.

Case in point, I did that with a 2016 PF69 panda 150gram.

I am/been collecting 2016 silver and gold Libertads, tho in gold I want sizes half ounce and higher which I am finding.

anyways, I am glad to hear you are still collecting Libertads proof coins, I really like proof silver despite the flaws and risks.

Keep an eye out on MCM and others on ebay for those gold sets, MCM already has them out and I have seen that they also run auctions and thats were you can score a nice deal for say a PF69 Libertad gold set. Hope it works out my friend!

Hey guys,
I joined a couple years ago but was turned off by the 50 minimum post to be able to purchase from the BST threads. Anyway, I'm back and going through some old threads (maybe I'll hit my 50) but I also collect libertads. Just curious how far you've come with your sets, gold and silver. Thanks!

I started this thread two years ago, time flies! Anyway, I've continued collecting on a small scale, nothing major.

I've acquired the 2015-2017 Reverse Proof Libertad sets. I've also picked up the 2013 and 2017 1/20oz gold bu raw libertad pieces. The 2013 piece is the lowest mintage piece in that size at just 650 pieces. I also picked up a 2001 and 2002 raw silver proof one ounce coin.

So I've certainly added to my collection but these things are pricey. It takes money to build any coin set, particularly a Libertad set.

They certainly can be pricey. There are a few I'm looking for and crazyglue has helped me out on another forum, but I dare not share my list here until I hit 50 posts!