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 Replies: 31 / Views: 7,219 |
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Valued Member
United States
467 Posts |
I would guess that most of the people who are so opposed to slabbed bullion tend to view all bullion as the same, regardless. If you are stacking the bullion inside your drywall for the day society collapses around you-- then you probably should not bother getting it slabbed. But if it is something you are collecting, and you love, and there is a premium...the that makes it semi-numismatic and not truly bullion anymore. So if you can buy the bulk submission rejects at the same price as raw, why wouldn't you? I see plenty of slabbed modern post 1964 US coinage that I would consider far less worthy of slabbing than most silver bullion. But people do it. |
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Pillar of the Community
Canada
1051 Posts |
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But when a mint also puts out .5, .75, 1.25, 1.5 sizes, all with different designs, many of which change yearly with different programs-- if you are telling me they are not trying to sell to a numismatic collecting base...I just won't believe it. They are trying to sell collector coins...even if they are not legal tender or proof. Otherwise they would just make more maple leafs to meet demand. They are likely going after the numismatic base sure, but what they are selling the people are still bullion coins in most cases. You can't discount the psychology of thinking you got something better based on the fact that you paid more for it. When the RCM makes it's true proof collector coins (on specially prepared planchets, double struck), the quality is on a different level. I've never personally seen a milk spot on anything sold as a boxed proof collector coin from the RCM. |
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CCF Advertiser
United States
1533 Posts |
MS-69s sell at a premium to unslabbed coins and that seems wrong to me. MS-69s are the bottom 30% of the bullion coins. 70% come back MS-70. You have a better chance buying a perfect coin raw. Why would you pay a premium for the rejects?
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Bedrock of the Community
13014 Posts |
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MS-69s sell at a premium to unslabbed coins and that seems wrong to me. MS-69s are the bottom 30% of the bullion coins. 70% come back MS-70. That's a big over estimation on your part. Anything that doesn't look perfect if it is checked doesn't get sent in. Anything below a 69 never gets put in a slab from bulk graders and many of the bulk graders now don't even have 69s holdered. A good percentage end up 70s, but it's rare for it to be 70 percent and there are always more coins worse than a 69 in a run than people realize. |
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Pillar of the Community
United States
2023 Posts |
Besides the grade, there is some value in the authenticity of a slabbed coin. With so many counterfeits out there (and admittedly, some counterfeit slabs), peace of mind is worth something to some people.
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Valued Member
United States
467 Posts |
Quote: When the RCM makes it's true proof collector coins (on specially prepared planchets, double struck), the quality is on a different level. I've never personally seen a milk spot on anything sold as a boxed proof collector coin from the RCM. 1cent- I don't have any RCM boxed proof collector coins, so I can't dispute that. Good point, I think we are talking different levels of collectible coins in our minds. |
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Pillar of the Community
United States
4211 Posts |
Yes it is refreshing to see a post on world bullion... thanks yup7676  Hey crazyglue!  As some of you already know I have my fair share of 1 oz. world bullion coins and yes, milk spots are certainly distracting. I am up to date on quite a few different country's but can't seem to even get a good start on my Maples. I think I only have about 8 of the different years available. The only series I have the proofs in is the ASE's and with exception of a just couple of those my collection is raw. Just a personal preference as most all of my bullion coins reside in safety deposit boxes so they take up much less room that way. I am 100% bullion collector and 0% silver stacker. I do not have too many gold coins either so I can't comment on that. Rim toning doesn't seem to bother me. Maybe because I have used albums before for regular US silver coins. But serious milk spots, yes. That does bother me. I have sold a few in the past to the stacker types at a discount and replaced them with better examples and yes, it can happen to any bullion coins regardless of the mint that produced it but Canada seems to be worst. A lot of my Philharmonic coins also spotted bad. But I have just kept those for the most part. There aren't really any key dates and the premium is pretty low to start with. But I had a couple of Britannia's and Birds of Prey that I sold at spot and bought new ones. So far I have kept my Rwanda Lion as that's an expensive one to replace. And yes yup7676....that Benin / Chad series is nice. I don't remember seeing a new issue this year tho. All my coins are in pretty good shape, so far. Fingers crossed. Been taking a little break for a while but I may get more active when the 2018 bullion coins start rolling in more. Happy Collecting to all of you!  |
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Pillar of the Community
 United States
5029 Posts |
Great thread.
Interesting points from several different perspectives. I do not have skin in this game, but the points and comments have gotten me curious enough to go look at some of the series and designs out there being offered. Thanks for a informative discussion.
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CCF Advertiser
United States
1533 Posts |
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Pillar of the Community
 United States
3789 Posts |
Hey Debra, long time no see! Glad to see everyone is enjoying this thread, I am too, these thoughts been weighing on me a long time as I been going through my collection from the past 20 years. I gotta say, my proof eagles, silver and gold, they are still holding up and look just like the day they were made, also my proof buffalos are spotless, no flaws. Some earlyyyyy China gold pandas, one got brown spot or two, really small... the silver ones in the packs are holding up well. ... and I have this RCM sheet and I dont see single spot LOL... and they are 10 years old. I started buying gold pandas back in the early 2000s and then got cold feet, I was like, am I the only one that likes these and the same with silver pandas, in fact, I worried I was buying too many since I was buying them in sheets LOL ahhhh the good ole days! I will tell you this, I have enough eagles in gold and silver to start my own eagle population lol |
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Pillar of the Community
Canada
1051 Posts |
I dug out a couple of my Peregrine Falcon coins from the "Birds of Prey" RCM series for show and tell. On the left is the standard bullion coin, handled with gloves when new and immediately placed into a Quadrum Intercept 2X2 capsule, milk spots observed and circled. On the right is the proof coin, removed from the RCM box and capsule with the same treatment. There are little bits of fuzz on the proof coin, but no milk spots. Also notice that the surface of the coins themselves are quite different. The other difference (of course) is that the proof coin costs about 3X what the bullion coin does, as it is the "collector coin".  |
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Pillar of the Community
United States
1280 Posts |
My reverse proof birds of prey are covered in milk spots. Of course, those have a more "bullion" price
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Pillar of the Community
United States
3789 Posts |
@1cent I love that proof Falcon coin... beautiful! Now, did they make that same coin in reverse proof, proof and bullion then? As was just mentioned, I have read a lot about reverse proofs getting milk spots in the past. I own one, slabbed pf69 reverse proof, and I only bought it slabbed because it came out cheaper than buying in the OGP at auction, go figure. it is from 2014 and has no milk spots.. yet lol that said, this was a reverse proof from the RCM maple leaf with the show privy, not from the reverse proofs with privy that are sold in sheets or rolls.... I wonder if the process in manufacturing is sloppier for those? |
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Pillar of the Community
Canada
1051 Posts |
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Now, did they make that same coin in reverse proof, proof and bullion then? Yes, both the Falcon and Eagle came in regular bullion, reverse proof, and proof finishes. The Hawk and the Owl came only in bullion finish. A bad cell phone picture, but you get the idea...  edit: PS, look at how murky the bullion-finish Eagle looks on the bottom half of the coin. This is the second or third one that I've had in that spot that has grown a milk "smear" as opposed to a milk spot. Edited by 1cent
10/29/2017 6:06 pm
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Pillar of the Community
United States
3789 Posts |
I was looking at my Rwanda BU, sealed African coins. I have an elephant with no milk spots but it does have a small brown ring on it... that was not when I bought it a few years ago
Rhino looks flawless, Impala also looks flawless. I did have a white zebra that did get milk spots...
I have one 2012 Libertad proof 1 oz that is flawless and another with slight toning, on the rim, looks like it developed later on...
Hard to keep up with all these coins in ones collection lol
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Replies: 31 / Views: 7,219 |
First Page
Posted 10/24/2017 10:49 am
