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These Are Supposed To Be PR-70 Silver Dollars

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MikeF's Avatar
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3479 Posts
 Posted 02/15/2017  03:10 am Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message Number of Subscribers
Then why do I see distractions on the third coin?

https://coins.ha.com/itm/modern-bul...tion-071515#

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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 02/15/2017  06:45 am  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
Those distractions might be imperfections in the slab; why don't you ask the auction co ?
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Foxwoods Man's Avatar
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4901 Posts
 Posted 02/15/2017  07:07 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I agree. I don't see any obvious coin issues but the slab have some marks
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commems's Avatar
United States
12266 Posts
 Posted 02/15/2017  08:22 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
While the slab might be to blame for some of what you see, the issue around the "R" in "AMERICA" on the reverse of the third coin is clearly an issue with/on the coin.

This surface issue would keep me from purchasing the set as a "70" set.


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Andrew99's Avatar
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1533 Posts
 Posted 02/15/2017  08:30 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Unbelievable. A modern proof with a milk spot comes back a 70. Once a modern proof has milk spots, its worth melt.
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Foxwoods Man's Avatar
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 Posted 02/15/2017  09:33 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I stand corrected. That goober on the "R" is not good and on magnification there is a small buddy spot in the "E" next to it.

Re: selling for spot (interesting choice of words). On the proof I would agree it would sell at a major discount but I have sold quite a few coins from this set and spotted RP 70's still go for a decent price. Spots were noted in title and description and visible on pic .

I can remember getting around $170 for one with spots (plural) and around $100 for the 69's (RP's). This was a few years ago
Edited by Foxwoods Man
02/15/2017 09:34 am
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Alpha2814's Avatar
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2023 Posts
 Posted 02/15/2017  11:07 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply

Quote:
Unbelievable. A modern proof with a milk spot comes back a 70.


Sometimes spots develop after they've been slabbed.
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coin197's Avatar
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1963 Posts
 Posted 02/15/2017  11:10 am  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
Milk spots will appear on the coin after it has been graded sometimes. I've seen some really extreme examples before.
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moxking's Avatar
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17900 Posts
 Posted 02/15/2017  11:13 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
At present spotted, clouded, or milk blurs on the ASE, especially the Proofs, are avoided by the vast majority of set builders.

Anyone who has gotten excited about getting an ASE, especially a proof, at a GREAT price, probably didn't look long enough to see a cloud or spotting.

This has nothing to do with the grade of the coin when it was graded. That spotting, clouding, and toning occurred almost exclusively after encapsulation.

Everyone, myself included, who has built or worked on an ASE set of one type or another has received a "bad" coin they didn't expect.

Trying to sell "bad" coins by honestly noting the problem, rather than surprising a bidder who did not look close enough, will result in significantly lower bids.

Being cheesy and just putting a bad coins photos up with no mention of the problem (or "accidentally putting up blurry photos) will result in a lot of returns and bad feedback.
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Alpha2814's Avatar
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2023 Posts
 Posted 02/15/2017  12:36 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Semi-related, this article was posted yesterday: "Milk Spots on Modern Silver Coins: How Big of an Issue?"
http://news.coinupdate.com/milk-spo...of-an-issue/
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United States
1913 Posts
 Posted 02/17/2017  1:48 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Forget the spots on the coin. It has a "First Strike" label! That's got to make it worth more. :)
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