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 Replies: 9 / Views: 1,915 |
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Pillar of the Community
United States
2311 Posts |
I bought some ASE's on ebay and looked at them quickly thinking I got a great deal. Later I wanted to sell them on our coin site and found out seven of them are defective. They got what appears to be like milk spots but it won't come off. I heard the :Hall Of Frame" coins had tons of problems with milk spots. 1.Is this just normal because the Mint doesn't care nowadays? 2. Are they worth melt only now? 3. Should I just toss them into my scrap pile? |
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Pillar of the Community
United States
602 Posts |
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Pillar of the Community
United States
4901 Posts |
Milk spots are a common scourge on ASE's. All of the ones I have seen are on graded coins....I have never seen a raw ASE with milk spots but obviously they exist. I haven't heard of non-bullion quality silver coins getting milk spots. Edited by Foxwoods Man
08/29/2014 4:16 pm
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Pillar of the Community
United States
1903 Posts |
ASEs were and still are designed from the get go to only be worth melt. These are bullion, which means their value is pegged to the price of silver nothing more nothing less. Slabbed specimens bring more if they are MS70 or 1996 dated. The 1996 is the real exception due to mintage, but the MS70 ones bring a premium of roughly equal to melt plus the grading fee, which in my view means they are still intrinsically only worth melt. The premium is just the owner "passing along" the grading fee.
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Pillar of the Community
United States
1158 Posts |
regular ASEs are designed to be worth melt, but not proofs and reverse proofs.
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Pillar of the Community
United States
1903 Posts |
Thank you tkbslc for pointing out my ommision....as you are quite right. I just got the feel the way the OP worded his post that he was referring to bullion grade.
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Pillar of the Community
United States
1158 Posts |
I only pointed that out because I though this was CopperCastle's 2012 Reverse proof thread. I thought maybe you were telling him they were worth melt! Sorry for mixing up my ASE threads. |
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Pillar of the Community
United States
4901 Posts |
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Valued Member
United States
416 Posts |
I buy ASE's as bullion and will pick up proofs occasionally if they're a good deal, I had no idea that MS 70 Eagles sold for that kind of cash! |
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Bedrock of the Community
 United States
12813 Posts |
When I'm buying ASE's for bullion, it's a mixed bag. Some are worn, spotted and/or cloudy but some are very nice. I'd probably not risk grading fees on any of the ones I have but that's pretty interesting to know what the 70's can go for. Thanks for sharing. |
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Replies: 9 / Views: 1,915 |
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Posted 08/29/2014 3:31 pm
