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 Replies: 13 / Views: 3,228 |
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Valued Member
United States
55 Posts |
In the past 3 weeks I've purchased 8 ASE's all graded by a trusted grading service MS70 or PF70 on ebay.I'm not sure if I should list the service, but I will if given the permission. Five of them have milky spots on them. 1 is dated 2008, 1 is dated 2009 and 3 dated 2010. I thought if a coin was graded 70 it should be perfect. It's aggravating because I feel I am paying for a perfect investment quality coin and I am getting a spotted coin. 3 years ago I bought ASE's dated 2007 and 2008 from another top grading service and never had this problem. Would you return the coins, or are spots on coins graded 70 considered ok, as two of the sellers have now told me ? Thanks for any advice. Edited by urbnlgnd
10/28/2010 12:10 am
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Valued Member
Canada
107 Posts |
I'm no expert, but seems logical a perfect coin should not have any blemishes, after all your paying for a perfect coin, would return for sure .. Even in proof coins no one wants any surface imperfections. Unless price is good is only reason would consider keeping.
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Bedrock of the Community
United States
10982 Posts |
Feel free to mention the grading services involved. 70s should have no spots and appear flawless even under a 5X glass.
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Valued Member
 United States
55 Posts |
All 5 coins were graded by PCGS. I quit collecting for awhile, but always purchased NGC coins up to about a year ago. It appeared to me that PCGS was considered another top grading service, so I started buying coins graded by them. Prior to these purchases I have purchased 14 ASE's graded by NGC without any of these milk spots. All the coins were 2008 or older. From what I have been reading it seems that the coins may be getting these spots after being graded. If that is the case, should I send them back to PCGS ? One of the sellers stated he doesn't accept returns on slabbed coins. It's just frustrating, having this many coins arrive with spots. I read that on the PCGS site if a coin get's spots after being graded 70, that PCGS would take it back. How do they replace the coins ? Thanks for any advise on this matter. |
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Valued Member
United States
55 Posts |
It's almost certain the spots would have developed after grading.
Not sure if they would replace them or if that falls under a similar non-guarantee as their RD/RB/BN copper penny designations.
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Pillar of the Community
United States
3234 Posts |
Send them back for review and you should get a refund of the difference of the current/real grade and the grade on the holder. It sounds like the coins have "turned" in the holder. A 70 grade basically means (at least in my book and to many other collectors) no visible flaws...period.
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Valued Member
United States
380 Posts |
If it affects the "grade" I believe they (PCGS) will take care of you. (I think)... give them a call and ask... they will want to know how much you paid for them and may reimburse you a portion or buy the coin from you... Or maybe neither and nothing... never know until you ask, however if the sellers have a return policy, then use it if you are unhappy... that simple for me.
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Bedrock of the Community
United States
20753 Posts |
Got to agree with everyone on this one. If any coin is graded by anyone as MS-70, it should be as perfect as the Mint could make one. No spots, dents, marks, etc. I'd return them.
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Valued Member
Greece
425 Posts |
I think you mean something like that.This spot is on a pcgs 2007 silver eagle  |
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Bedrock of the Community
United States
12437 Posts |
Chances are that you are describing milk spots caused by the planchet rinse process. Odds are the the coins turned after being slabbed. IMO, it is risky to buy any MS70 Eagle due to this problem and the fact that you pay so much more for a 70 than you do a 69. BTW, there is no way to remove the milk spots without damaging the coin. PCGS Guidance for MS-70 Silver American Eagles |
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Valued Member
United States
55 Posts |
epop, Those are exactly what I am talking about. biokemist6,that's some good information and I can understand PCGS being reluctant to grade the ASE's MS70. Thanks everyone for the knowledge. On a good note, I have gotten some good responses from the sellers I bought my coins from and they are going to refund my orders after I return the coins. The seller that at first was going to just do an exchange told me he couldn't find any of his 2010 PCGS MS70 coins he had in stock without those milk spots. It's a shame that the mint can't do something about the process they use to rinse the coins. Thanks again everyone and I just also need to say there's still some good sellers out on ebay that are honest. |
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New Member
United States
1 Posts |
"Send them back for review and you should get a refund of the difference of the current/real grade and the grade on the holder. It sounds like the coins have "turned" in the holder. A 70 grade basically means (at least in my book and to many other collectors) no visible flaws...period."
I agree 100% with Prethen. Incidently, the VAST majority of coins graded 70 are not 70s at all!
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Valued Member
United States
206 Posts |
I think we should all be aware and most know that not all coins are graded accurately by TPG. A ms70 or pr70 is the easiest to grade one strike or one spot and your out. I asked this question to a Head PCGS Grader at the Manchester Coin show in a public presentation a few weeks ago. "What makes a 70 grade" The answer was "a perfect coin absolutely no defects" Then a follow up question "What is allowed in to make a 69 grade" the head graders answered "More than two defects of 5 hundredths of an inch long" " "no spots". " both grades are extremely rare" I asked this question in public, the room had more than 10 collectors present. ..The grading guide on the PCGS is copied and pasted below.. MS/PR-68+ Virtually as struck with very slight imperfections, the strike must be virtually full. Eye appeal must be very good. MS/PR-69 Virtually as struck with minuscule imperfections, near full strike necessary MS/PR-70 As struck, with full strike |
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Valued Member
United States
273 Posts |
No matter what milk spots will reclude an ASE from a 70 grade. I'd send them to PCGS. |
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Replies: 13 / Views: 3,228 |
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Posted 10/28/2010 01:55 am
