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American Silver Eagle Coin PCGS PR-70 DCAM

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denco7's Avatar
United States
2543 Posts
 Posted 12/31/2014  9:26 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
HSN is preselling them at 200.00 a pop... All I can say is wow... that is way over priced.


*SPOILERS* Now you spoiled it, I have their New Years extravaganza recording on the DVR while I watch Miss St and Ga. Tech in the Orange Bowl.
Edited by denco7
12/31/2014 9:27 pm
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 01/01/2015  08:13 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
A few comments:

This thread started with a question about proof 70 ASE's and went to MS70 bullion and back to proof so I have no clue which comments refer to what item. I will continue with this confusion

The stats on the MS70 bullion prove the fact of how common they are...one 2014 sold for $43 yesterday with free shipping.

Re: 2014 PF70's...NGC graded around 39k and 29k of those were 70's..not a rare grade and appropriate since it is a collector coin. 2014 NGC70 pf's sell for around $80-90 so HSN markup is a tad over the top but normal for them.

Milk spots most definitely affect grading and NO coin submitted with them will ever grade 70. PCGS and NGC had their grade guarantee I had many coins with spots get bought back or exchanged by NGC because they no longer were grade appropriate...

Milk spots do NOT need any kind of magnification unless you are getting to the molecular level and trying to see them before they become obvious.

The TPG's have no clue what is causing the spotting and at one time had offered $50k for ANYONE who could give them an answer...no one did..and they dropped their grade guarantee. All the reasons given are theories..

Here's my 2006 20th Anniversary reverse proof (not a cheap coin)...get out your magnifiers (coin angled to better image spots):

American-Silver-Eagle-Coin-PCGS-PR-70-DCAM

Edited by Foxwoods Man
01/01/2015 08:14 am
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/01/2015  1:37 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
No need for magnification. What kind of arrogance does it take to sell something as "collectible" when you know there's a chance your chosen procedure will make that coin non-colectible down the road? The Mint has known about this for years and I refuse to believe there's only *one* wash formulation that works.
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Buddy's Avatar
United States
7075 Posts
 Posted 01/01/2015  2:03 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
Gees, it's a shame about that coin.

What happens when the milk spots get really old...like 10 or 20 years old? Do they change at all or continue to 'grow'?

It kind of makes me want to crack mine out of their mint cases and rinse them off -- but I won't.
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SsuperDdave's Avatar
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23522 Posts
 Posted 01/01/2015  2:45 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Wouldn't matter - you'd have to "rinse" with acid. Once spotted, such a coin is done for good.
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The Silver Searcher's Avatar
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1390 Posts
 Posted 01/01/2015  2:46 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply
So acetone wouldn't do anything?
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Foxwoods Man's Avatar
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4901 Posts
 Posted 01/01/2015  3:02 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Acetone won't do anything after the fact but there are some who believe that it would help if used prior to grading.

No evidence to back it up but it wouldn't hurt....

I have never figured out why the huge 5 once silver bullion pucks do not have huge reports of milk spots...there must be something different done with the process of both and it should be an obvious fix
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stampvirgin's Avatar
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1247 Posts
 Posted 01/01/2015  7:22 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list Get a Link to this Reply
denco7.. well, no spoiler, because I got the price wrong... the true spoiler is they were selling them in PF70 ANACS for 94.99
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 Posted 01/02/2015  09:02 am  Show Profile   Bookmark this reply Add Podoprigora to your friends list Get a Link to this Reply

Quote:
Milk spots most definitely affect grading and NO coin submitted with them will ever grade 70. PCGS and NGC had their grade guarantee I had many coins with spots get bought back or exchanged by NGC because they no longer were grade appropriate...
Dont know too much about grading but this is what happens when a coin no longer matches the grade? They are bought back?
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Conder101's Avatar
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17884 Posts
 Posted 01/02/2015  10:09 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
What happens when the milk spots get really old...like 10 or 20 years old?

They become cheese spots.


Quote:
Dont know too much about grading but this is what happens when a coin no longer matches the grade? They are bought back?

Used to, but now coins that have gone bad in the holder after grading (developed spots, stains etc) are no longer covered by the grade guarantees. So you are stuck with them.


Quote:
I have never figured out why the huge 5 once silver bullion pucks do not have huge reports of milk spots...there must be something different done with the process of both and it should be an obvious fix

If the cause is actually improper rinsing of the wash solution then it might be as simple as the 5 oz pieces get a more through careful rinsing. They can do that because the number of 5 oz coins is much smaller than the number of ASE's. Might also be a difference in the care provided in the production of the planchets for the 1 oz and 5 oz pieces depending on whether or not both of them are produced by the same manufacturer. (I don't know if they are or not.)
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