| Author |
 Replies: 24 / Views: 4,980 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
624 Posts |
I also found out that ASE's are not alone... Canadian Silver Maple Leafs have the same issue. |
|
Bedrock of the Community
13014 Posts |
Quote:
Does anyone know how long it takes for the spots to develop (1 week, 2 years, etc.)? Is there a period of time when it's safe to say that your coin will be spot free? If they havent happened after a few years I would say its safe to say theyre good if stored properly. Its definitely an issue from the mint, I personally think storage plays some role in how quickly it appears but I have nothing to back that up. Quote:
I understand if they had a change in policy put in effect from the date of the change forward but to change the rules after the fact is not morally correct. If we really want to examine it from a moral side theres a strong argument you can make that the mint should be the one backing them. Theyre the one selling the deceptive product that goes bad very early in its life. I have a hard time believing they have absolutely not clue which ones are likely to spot and which arent. Simply marking the monster boxes with a label saying "milk spots likely" could go a long way in keeping the bad ones from being graded. |
|
Pillar of the Community
United States
4901 Posts |
Quote:
If we really want to examine it from a moral side theres a strong argument you can make that the mint should be the one backing them. Theyre the one selling the deceptive product that goes bad very early in its life. Except that most of the spots occur in graded coins...I have never had a raw ASE get milk spots. |
|
Bedrock of the Community
13014 Posts |
Quote:Except that most of the spots occur in graded coins...I have never had a raw ASE get milk spots. Ive seen tons of raw ones with it, I've even had some raw ones that got it that I got rid of because of that. Graded ones just get all the attention for it since they cost more. Also people will dip raw ones to clean up the look again, thats obviously not an option with a slabbed coin. If youre only objective is shiny silver there are things you can do, its just that theres nothing you can do and keep it a legit gradable coin or when its in a slab. |
|
Pillar of the Community
United States
624 Posts |
It shouldn't be tough for the mint to figure-out what's going on and provide some education on it. There is certainly a chemical reaction occurring and it's been occurring since at least 2004 without a fix. Whether it's solely the chemical wash and rinse process at the mint, or an external factor is still undisclosed. At a minimum, I'd like to know what to do to minimize the chances of spotting. Next, I want to know if there's a safe period (e.g., after 14 months, if no spots have developed the coin will be guaranteed 'spot free').
|
|
Pillar of the Community
United States
3789 Posts |
bottomline- do not buy bullion coins that are slabbed. I bought 3 to see what the fuss is... I dont see nada jumping out.
YES, they do look sharp graded in their slabs, reminds me of my star wars vintage AFA graded toys.. BUT... a bullion coin is just that.... and they are not made to high standards, so therefore the mints position is that they are just that.
I will never buy a slabbed bullion coin again. All three slabs I own that are bullion have milk spots...
|
|
Bedrock of the Community
Australia
21788 Posts |
It seems to me that ASE's that are protected or highly graded are the only ones that have their value affected. Since they were originally meant to be bullion coins, perhaps that is the best mindset to have, in which to collect them. Therefore buy them raw, UN encapsulated or slabbed, and where MS60 will suffice. That way, minor marks will not detract significantly from their value. I do not think there is very much numismatic significance in owning a highly graded bullion coin. Be like Scrooge Mc Duck, and swim in them! I don't think HE bothered too much with slabbed or encapsulated coins!  Get up close and personal with them. Store MS60's in tubes or flips if you wish. Edited by sel_69l
02/15/2014 12:22 am
|
|
Pillar of the Community
United States
4901 Posts |
Quote:
I do not think there is very much numismatic significance in owning a highly graded bullion coin. Correct but maybe you missed my statement that ALL my ASE's that spotted were either Reverse Proof, Proof or burnished W's. All of these were, and still are, sold as numismatic collector coins with a different strike and finish from their bullion counterparts. I do NOT collect slabbed bullion ASE's. I do buy them in rolls as bullion. |
|
Bedrock of the Community
Australia
21788 Posts |
Proofs are meant to be a thing apart, and thus are marketed as collector coins. A problem exists if they have milky spots, especially if they were sold encapsulated. The problem becomes one that needs to be solved by the Mint, in terms of quality control, both of the coins and of their packaging. However, the 'horse' has already bolted when it comes to existing proof coins. That would leave un affected proof ASE's at a premium. |
|
Pillar of the Community
United States
4901 Posts |
Quote:
Proofs are meant to be a thing apart, and thus are marketed as collector coins. ...as are Reverse Proofs, Enhanced Uncirculated, and burnished W's |
|
Pillar of the Community
United States
3789 Posts |
I dont think I have a proof that has ever gotten these milk spots. I havent looked but no, I dont think so.... guess I have another reason to dig into the vault and look at each and every coin.... *prepares rations and drinks for an unspecified time period*  |
|
Pillar of the Community
United States
3789 Posts |
I dont think I have a proof that has ever gotten these milk spots. I havent looked but no, I dont think so.... guess I have another reason to dig into the vault and look at each and every coin.... *prepares rations and drinks for an unspecified time period* |
|
Pillar of the Community
United States
3486 Posts |
I have a 1964 dime in a proof set with a milk spot so this is not a new phenomena.
I looked in the glossary and found no entry for 'milk spot.'
A chemical wash sounds feasible.
|
|
Pillar of the Community
United States
624 Posts |
I took a look at my proofs and found a 2013W (PR70) that has one small milk spot. It's not big, but large enough to see without magnification; it's in the last ray of the sunburst.
|
|
New Member
 United States
11 Posts |
I think I'm no longer going to pay money for graded ASE. Ungraded for me from here on out, unless it's a deal I can't pass up on. Thanks guys forgot our info. Edited by Tonyparson
02/15/2014 9:14 pm
|
|
Page 2 of 2
|
Replies: 24 / Views: 4,980 |
Page 2 of 2
|
First Page
Posted 02/14/2014 4:16 pm
