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 Replies: 14 / Views: 1,667 |
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Pillar of the Community
United States
2023 Posts |
I almost titled this with "Should I return this...?" but since I'd expect the response "Are you happy with it?" I thought I'd open this up a bit more. The PCGS list price for this is $600, more commonly sells for $400 to $500. I snagged it last week for $240. The pictures in the listing were pretty clear, and I was reasonably certain the scuffs were on the slab. That is not the case. There's a light scuff (could be milk spots, but more smeary than spotty) on the obverse under "TRUST". This is barely noticeable, even under the loupe, mainly because of scratches on the slab. There's a more pronounced milk spot on the reverse, on the edge of the globe, below "KNOWLEDGE". This bothers me more, as it is visible to the naked eye. It's small, but it's there. Otherwise, it's a nice piece, and if it weren't for these imperfections, I'd say I got it for a very good price. Am I happy with it? I'm thrilled with the price, but not the spots. What do you think?     |
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Pillar of the Community
United States
887 Posts |
I think the first thing I would do is call PCGS. In this article: http://www.coinweek.com/education/c...lver-eagles/ it says: Quote:
Miguel Murillo, a customer service representative at PCGS, further outlines the company's policy today.
"We're doing what we call a modern spot review," he told me over the phone. "For a fee of $5, plus shipping and handling, we will evaluate your coin, remove the spots, and then return your piece."
He says the service is applicable to all American Silver Eagles dating back to 1986. The policy does not apply to older coins, which he said would be treated as restorations and are handled on a different fee structure. Now it may be only ASE's that they'll do it for, but for $5 it doesn't hurt to ask. |
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Pillar of the Community
 United States
2023 Posts |
Since this is a commemorative and not an ASE, it's 90% silver and not bullion. That may make a difference in the process. There are some qualifiers at https://www.PCGS.com/restoration including when they may and will not attempt restoration. This coin has a 14-day return window through ebay so I can't waste much time. I could take it to my local shop to get their opinion and take care of the submission if I went that route. |
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Pillar of the Community
United States
1278 Posts |
Heck yeah I would. I'm not a fan of collecting 70s, but by definition they should be perfect. A 69 is only worth $50 for this type.
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Bedrock of the Community
Australia
21788 Posts |
It is NOT PR70 anymore.
Best grade you can now hope for is PR70 'comments'.
Is the spot the result of
a) less than perfect manufacture by the Mint?,
b) less than ideal storage before it was graded?,
c) incapability of the slab to offer the best environment to store a PR70 coin indefinitely, over a period of decades, if need be?
What cleaning method should be used, before a coin is submitted for grading and shipping?
I suspect that MOST current PR70 coins will NOT be free from 'comments', decades into the future.
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Bedrock of the Community
 United States
12477 Posts |
I recently considered returning a 1993 Jefferson Commemorative dollar proof because of blatant imperfections but, decided against it. However, that cost me less than $10 over melt so, it's a whole new ball game. At $240, if you are not completely satisfied, definitely return it! You may regret it later if you don't.
If it were me, a modern proof commemorative should be 99.99% flawless at that price.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
08/31/2017 03:55 am
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Pillar of the Community
United States
4901 Posts |
I don't think those are milk spots but I agree that if you have issues with the coin just return it.
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Moderator
 United States
54282 Posts |
For $240 you "bought the coin, not the slab", but now you want it to be worth the "slab price". So, even if you have to spend more than $5 to get the spots removed and re-slabbed you would still be way ahead.
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Pillar of the Community
United States
4901 Posts |
He never said he "bought the coin and not the slab" He bought a coin that was graded 70 and now is questioning if that grade is appropriate
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Pillar of the Community
Norway
1358 Posts |
Seems to me that you bought a coin with a wrong grade. If you can return: do so. All under 70 is worth much less than the $240 you paid for it and this coin clearly isn't a 70 (anymore). I think you won't be able to sell it to anyone as a 70 either: you'd probably get it sent back immediately as 'this isn't a 70'. I would have done so...
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Rest in Peace
United States
17900 Posts |
This is very simple. Return it.
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Pillar of the Community
United States
2023 Posts |
I've put in the return request, will see what happens. I don't mind paying return shipping -- I took a chance and it just didn't work out.
It's not really a question of whether it's worth "true" PR70 price or even what I paid. It's just not in the condition I want and expected, regardless of the price, and it cost too much to keep as a learning lesson.
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Pillar of the Community
United States
1913 Posts |
You made the right decision to return it. It's not a PR70 (perfect). If you don't return it, your first thought whenever you look at it will be that you should have returned it.
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Pillar of the Community
Canada
5246 Posts |
Well, if you want and are prepared to pay for a 70 then that is what you should have.
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Bedrock of the Community
United States
94367 Posts |
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Replies: 14 / Views: 1,667 |
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Posted 08/30/2017 10:15 pm
