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PCGS Grading Coin MS70 With Spotting

 
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United States
227 Posts
 Posted 02/04/2021  2:23 pm Show Profile   Bookmark this topic Add Imag8r to your friends list Get a Link to this Message
This is the second Krugerrand I have received with ms70 grade and large what looks like milk spots. Is this problems with PCGS or something after slab issue?

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United States
3904 Posts
 Posted 02/04/2021  2:39 pm  Show Profile   Bookmark this reply Add keith12 to your friends list Get a Link to this Reply

Quote:
Spots
Spots on gold coins, spots on copper coins, and "milk spots" on silver coins are not really part of eye appeal, but they are part of the grade and grade deductions are made similar to those made for marks or hairlines. In all three instances above we have minimum/maximum grade guidelines for spots. Note that in some instances, spots can appear subsequent to grading. In the case of copper coins, the spots would result in a grading deduction, and, since there are often environmental factors beyond our control, PCGS does not guarantee against downgrades for spotting on copper coins. For modern silver issues, spotting is a Mint acknowledged problem that is also beyond the control of PCGS. For modern silver coins, it is possible for two coins to have the same technical grade and one be spotted and one be spot-free. In these instances, the spotted coins will command a lesser price in the marketplace.



My guess is they came after the coin was slabbed. Or it was a Bulk Submission. And no grader looked at the coin
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United States
1161 Posts
 Posted 02/04/2021  3:12 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
Interesting. Its a 2021 and we are only 4days into Feb. So this literally just came off the press and quickly into a slab. If the spots appeared AFTER slabbing, those spots are only days old and kinda just magically appeared. Or PCGS wasn't paying much attention this time.
My hoard of '82s is up to 241! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 6, 1582 x 13, 1682 x 17, 1782 x 60, 1882 x 68, 1982 x 45
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United States
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 Posted 02/04/2021  3:43 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Does not look like typical milk spots to me.
John1
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
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United States
227 Posts
 Posted 02/04/2021  4:02 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
I have purchased 3 of these from large bullion company past 3 wks. First was perfect and gave it to a friend collector(sold actually). So sent off for another one and had spotting on obverse. Returned it and this was the exchanged coin. Still large spotting on obverse but different shape and area as second one.
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United States
1667 Posts
 Posted 02/15/2021  3:36 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
it could be an after slabbing issue. depends on locations of "large bullion company" and your location and weather/temperatures with the mail, but very possible it wasn't evident when it was graded but became apparent at some point after leaving PCGS and getting to you. it could be condensation from temperature and chill that made it appear in my opinion.

But it would have been there to begin with, just not really visible until conditions of toning manifest were right.

It's clearly not a MS70 you may want to return it also. I wouldnt be paying MS-70 price for a lesser coin. either way it's about $30 more for the MS70 over the MS69... not insignificant.

I've heard rumors over the years that bulk bullion submission for dealers don't even really get looked at, they just slab 20% as MS70 and the other 80% at MS69 and kick it back out the door.
I don't know how true it is, but I've seen some MS70 silver eagles that should not have been graded that high and that makes me wonder if it's true or not.


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Canada
621 Posts
 Posted 11/11/2021  12:47 pm  Show Profile   Bookmark this reply Add t_y to your friends list Get a Link to this Reply
mmmmm . interesting.

I have a complete set of Silver Maple Leafs, some of course spotted. I never sent them in because I thought they would be body bagged or "genuine" defeating my purpose (registry set).

So, to be clear: milk spots DO NOT affect the grade?

(edited for clarity)
Edited by t_y
11/11/2021 12:48 pm
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