Got Taken To School Over A 2012 Gilt Silver Dragon Yesterday

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Author	Replies: 5 / Views: 1,577
rgathright Valued Member United States 264 Posts	Posted 02/10/2012 10:14 am Seeking my first high quality Numismatic coin, I decided to bid on an auction for a "2012 P GILT SILVER DRAGON S$1 ONE OZ. NGC MS 70 COIN" yesterday. After reaching a bid level of $170, my hoarder mentality compelled me to let it go. The auction ended at $178.50 with shipping an extra charge! Most of these Gilt Proofs will likely fetch a MS70 rating from NGC because of the care taken to mint them. Right? I am seeking advice on this particular type of coin, do you think these 2012 1 ounce Dragon's at MS 70 are high now due to their new arrival on the market or is this really going to be a scarce item? Would you pay this much? Thanks, I bought an ATB instead. Report this Post to the Staff

Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 02/10/2012 10:30 am Four more oz. with the ATB coin well done an better move! My gut says stay away from those, even though there are many out there that will pay that an beyond for similar graded silver.... Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 02/10/2012 10:48 am Yeah I stay way from proof silver. Too easy for spots to show up later, even in slabs. Report this Post to the Staff
rgathright Valued Member United States 264 Posts	Posted 02/10/2012 11:10 am Milk spots right? I was reading another forum the other day and saw that the new Canadian Polar Bear $20 coins are developing milk spots too. What is causing this to happen? Report this Post to the Staff
poboxw Pillar of the Community Canada 1502 Posts	Posted 02/10/2012 12:24 pm What exactly causes the milky spots remain unknown at the moment. Speculation is that residue from chemicals used in the finishing process causes them, and anecdotal evidence suggests that oils (from hands) will do the same. It's not just the Canadian coins either. I've seen the white spots on philharmonikers, elephants, and other silver rounds alike. I'm still all for proofs as long as the price is not ridiculous. Slabbing proof and other bullion coins, on the other hand, makes absolutely no sense to me. Report this Post to the Staff
elkslayer132 Pillar of the Community Canada 981 Posts	Posted 02/10/2012 7:04 pm These are popular coins I have been selling regular ones on ebay for $150 each and only have 4 left they good sellers Report this Post to the Staff
	Replies: 5 / Views: 1,577

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