| Author |
 Replies: 7 / Views: 1,769 |
|
|
Pillar of the Community
United States
1188 Posts |
How do milk spots affect the grade of a coin? I searched previous topics and I think the consensus is that a modern coin (ex: ASE) is no longer a 70 when milk spots appear. But how far down do spots knock the grade of a coin? What about older coins pre 1964? I recently saw some very nice 1955 and 1955-s FT dimes with spots that graded MS65FB. Those that know dimes will recognize those are fairly uncommon when well struck so it was disappointing to see all the spots on them. How high can a coin grade if it has some milk spots? Do they just knock it down a grade or two from what it would have been? Will you buy coins with spots or is it a big turn off? |
|
|
|
Pillar of the Community
United States
7375 Posts |
Not exactly sure of an answer. Like you say, I've seen some really high graded coins with milk spots. I really dislike them, as well as any marks on proofs. Milk spots are a definite downer, and I try to examine closely any proof coin I'm buying.
|
|
Pillar of the Community
 United States
1188 Posts |
I think with the ASEs they don't have spots when they get a 70 grade.. the spots actually show up after they are in the slab! Talk about a disappointment!
|
|
Bedrock of the Community
United States
20753 Posts |
Interesting question. I know I wouldn't buy a coin with those but as to how they change or make a grade by a TPGS is a mystery to me.
|
|
Pillar of the Community
United States
1963 Posts |
I think I'll be picking up a MS 69 PL Brittania tomorrow with an extreme case of white spots so everyone can learn: buy the coin, not the holder.
|
|
Pillar of the Community
United States
1314 Posts |
There are two grading methods. Technical and market. In technical grading, the grade is based entirely on wear and damage caused after the minting process. In this case the minting process causes the milk spots so it it rational to expect it could be graded MS70. Market grading is different in that it takes into consideration the over all attractiveness of the coin. Thus milk spots or an unattractive patina will get it marked down a grade or two. The TPGs will use whatever method brings them the most money as their livelihood depends on pleasing the customers. Personally I prefer the technical grading system, but will pay more for an attractive coin within the same grade.
|
|
Bedrock of the Community
13014 Posts |
Quote:
I think with the ASEs they don't have spots when they get a 70 grade.. the spots actually show up after they are in the slab! This is true. They can and do develop after being graded, same with Maples. Once they're a couple years old you are likely safe, but the ones from the current year you are rolling the dice a bit |
|
Rest in Peace
United States
17900 Posts |
ASE's are one of your examples. For them, there are NONE (with the possible exception of the 95 W) that are difficult to find. If you want to put a MS/UC/Burnished/Rev. PF/Enhanced Finish set together this year, in the applicable 70 grade, it isn't much of a challenge if you have enough money. SO milk spots on them are a HUGE deal because there are plenty of every date and type available WITHOUT milk spots. For me, I don't buy an ASE with milk spots regardless of the price. If I see spots, I move on, and I never cry about it going cheap. There are a lot more folks that collect ASE's that have that same problem with spotty coins. SO you don't actually downgrade a number of steps, you just lose a lot of potential buyers when it comes time to sell them. |
| |
Replies: 7 / Views: 1,769 |
|
Posted 02/03/2017 09:32 am
