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What's Wrong With This ASE?

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barryg's Avatar
United States
5855 Posts
 Posted 08/27/2011  08:14 am Show Profile   Bookmark this topic Add barryg to your friends list Get a Link to this Message Number of Subscribers
Just got back from NYC ahead of the hurricane. While there, I visited a bunch of shops in the Jewelery District and managed to pick up, among other things, a bunch of Silver Eagles for $42 each. Most were in capsules and seemed in really nice shape, but a few were loose. One of the loose ones is severely discolored on the obverse (the reverse is fine) and I've never seen anything like it before:

What's-Wrong-With-This-ASE?

And yes, that is purple.

There's no obvious sticky residue or anything on the coin, and it feels totally smooth. I was willing to buy the coin because I figured whatever the problem was it wouldn't affect the silver value.

Any ideas?
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 08/27/2011  08:26 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
looks like there may have been glue or something on those white spots for sometime. then with some acetone, got removed? giving you that toning affect outside the once glued area..
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barryg's Avatar
United States
5855 Posts
 Posted 08/27/2011  11:56 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Hmmmm... I dunno about that. The white spots are simply the normal silver showing, and as I mentioned before, the coin seems perfectly smooth with no indication of any residue of any sort.

Two other loose coins from the same batch (same year as well) have similar coloration, although not nearly as widespread:

What's-Wrong-With-This-ASE?

I think you were trying to explain the white blotches, but I really wanted to know what caused the purple coloration in the first place. Is this just toning? I've never seen toning this color before and have no idea what would have caused it, but if it's just toning I won't worry about it. I think the color makes the coins look very interesting, but I was just worried that this was the result of some sort of corrosion or other damage that would affect the value of the coins.
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biokemist6's Avatar
United States
12437 Posts
 Posted 08/27/2011  12:19 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The white areas on the first coin are predominantly from fingerprints, you can see the strongest print marks next to the L of LIBERTY. The violet coloration is toning, not an uncommon color on .999 silver but it would certainly be unusual for 90% silver as the two do not tone in the same manner. I own a couple ASEs with violet toning, they had spent extensive time in a dealer's felt-lined case and I suspect that was the cause of the toning.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 08/27/2011  12:23 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Portions of the coin did not tone due to some substance on the coin surface. From the fingerprint I would expect skin oils from handling.

The purple toning is not uncommon...
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GTALLEN's Avatar
United States
315 Posts
 Posted 08/27/2011  12:41 pm  Show Profile   Bookmark this reply Add GTALLEN to your friends list Get a Link to this Reply
Looks like some environmental type of toning that can be removed by various methods. Acetone works from what I understand, I have no personal experience with acetone and silver coins.

I have used e-Z-est (dip) cleaner on common discolored toning on bullion. Everyone is going to flame away and say how bad it is, acid damage, etc, etc....A quick dip (5 sec or less) and a very good fresh water rinse (I use RO water, the water in my area is not suitable). Then I use a micro fiber towel to pat dry. DO NOT RUB, no matter what method you use.

There are a lot of different "cleaning" methods on the forum. You will find one that will remove the discoloration, make it look very nice, and not damage the SAE.
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barryg's Avatar
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5855 Posts
 Posted 08/27/2011  12:45 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Ah, that makes sense, thank you. As I said, I've never seen this color toning on silver coins before, but I only have a few ASEs (all the rest are 90% silver).

The fingerprints obviously keep these from being in mint condition, but otherwise I think I did OK getting them for just over spot value. Assuming silver doesn't suddenly crash back down to $5/oz...

I picked up three other nice ASEs earlier in the week for $45 each, which I thought was a good deal at the time because all the other dealers I saw were asking $48-55 for them. On my last day in NYC I found the shop selling these for $42 and snapped them up. He actually had about 10 more, but I was already over budget as is.
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Foxwoods Man's Avatar
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4901 Posts
 Posted 08/27/2011  12:52 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Acetone will NOT remove any toning...it probably would have removed the fingerprint and oils before it toned though..

I do agree with the E-Z-est dip...since it was bought as bullion it might as well be shiny bullion (now THAT deserves a flame or two)
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Jaobler's Avatar
United States
6385 Posts
 Posted 08/27/2011  1:03 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply

Unless you like the appearance of the coin by all means try E-Z-Est or a similar cleaner to remove the color. That should give you a uniform white coin and it won't affect its worth as a silver round. It's not like you would be sending it in for grading, right? A grading service is likely to be the only entity that would object to a gentle dipping.
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barryg's Avatar
United States
5855 Posts
 Posted 08/27/2011  1:51 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I think I will try that E-Z-Est stuff as soon as I can get my hands on a bottle, thanks.
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GTALLEN's Avatar
United States
315 Posts
 Posted 08/27/2011  4:18 pm  Show Profile   Bookmark this reply Add GTALLEN to your friends list Get a Link to this Reply
The main problem with that ASE is you have it and I don't. Send all of the ones you have that are toned, dented, scratched, discolored, etc,etc..I pay spot.
Valued Member
United States
397 Posts
 Posted 08/27/2011  8:58 pm  Show Profile   Bookmark this reply Add schockergd to your friends list Get a Link to this Reply
It's just toning :D

Just kidding though, I think they've already mentioned the most probable causes.
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GTALLEN's Avatar
United States
315 Posts
 Posted 08/27/2011  10:55 pm  Show Profile   Bookmark this reply Add GTALLEN to your friends list Get a Link to this Reply
@ $42 you did great! You might have got him to give you an even bigger discount if you offered to buy all them. $44 is the going rate for ASE here and $35 for Peace and Morgan dollar.

You are going to feel even better when that Silver dollar is nice and shiny. Then you will feel even better when one day you sell it for $84..I think doubling your money is not going to be to far off.
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barryg's Avatar
United States
5855 Posts
 Posted 08/28/2011  06:56 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
@ $42 you did great! You might have got him to give you an even bigger discount if you offered to buy all them. $44 is the going rate for ASE here and $35 for Peace and Morgan dollar.


I was actually originally looking at some Peace dollars the guy had. He wanted $42 for them, which I thought was a bit steep. Then I noticed all the ASEs and I asked whether those were $42 each as well. He started to say "no, those are..." but then said, "yeah, OK." So I bought 2 Peace dollars and a bunch of ASEs.
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clairhardesty's Avatar
United States
1027 Posts
 Posted 08/28/2011  07:55 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
The toning may well be the result of outgasing from whatever wood the storage container was made of. Cedar will rapidly tome silver, in a matter of weeks. Different woods will cause different tones but the browns and purples seem to be fairly common colors. Bottom line, don't store coins in your cedar chest or felt lined wood jewelry box unless they are slabbed or you want them to tone. Most of these light, new tones can be removed by a one or two second dip in EZest followed by a complete rinse. I do a water rinse then a soapy water (dish detergent) rinse then another pure water rinse to make sure that all of the EZest is removed. This method can also remove that light fog that forms on some 50's & 60's silver or nickel proofs (never dip copper).
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barryg's Avatar
United States
5855 Posts
 Posted 08/28/2011  12:45 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
All right, thanks. I just ordered a bottle of dip and will see how it works when it comes in.
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