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Milk Spots

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Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/14/2014  11:46 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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
Foxwoods Man's Avatar
United States
4901 Posts
 Posted 02/15/2014  07:11 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

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
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/15/2014  07:30 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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
Foxwoods Man's Avatar
United States
4901 Posts
 Posted 02/15/2014  07:49 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

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
 Posted 02/15/2014  5:27 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
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
 Posted 02/15/2014  5:27 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
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
matthewvincent's Avatar
United States
3486 Posts
 Posted 02/15/2014  6:06 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
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
BamaBlue's Avatar
United States
624 Posts
 Posted 02/15/2014  6:44 pm  Show Profile   Bookmark this reply Add BamaBlue to your friends list Get a Link to this Reply
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
 Posted 02/15/2014  9:13 pm  Show Profile   Bookmark this reply Add Tonyparson to your friends list Get a Link to this Reply
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
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