TPG'S No longer guarantee S.E. Grades.

Read an interesting article about how TPG's no longer guarantee the grades they are giving Silver Eagles. Seems the mint has been blowing off dust before packaging these with water in the air hose's. So what would be the purpose of grading any of these anymore if they are later to show spots from moisture? Has the mint removed the inline filters on air hoses that catch the moisture. Maybe it's time to sell y S.E.'s before these spots start to become visible. What are your thoughts? By the way, the article came from F. Michael Fazzari of ANAC's. or maybe I.C.G.? in a N.N. piece.

 

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Sure that isn't the Skip Fazzari of ICG?

 

I might have him mixed up, my apologies if so.

 

Probably the same guy, unless he has a brother.

 

I believe it is called a "nickname".

 

Wait is this the TPG's not guaranteeing the grades or just ICG not guaranteeing the grades? Or is Fazzari now speaking for all the TPG's? Or is there some other article from PCGS, NGC, and ANACS saying they will not guarantee them?

 

This does nothing to modify my opinion that slabbing modern bullion is very, very silly.

 

Please post link

 

I agree.

Completely unrelated - Skip Fazzari is a pretty cool dude. I've been to a couple of his lectures at the FUN show, and they are always interesting, informative, and a very good use of an hour.

 

He did say TPG's (plural) so I'm assuming he was referring to all of them. And another thing just popped into my head. Will this also later apply to Lincoln Cents with wash spots somewhere down the road?

 

I don't have a link but it was in my hard copy of Numismatic News 12/2/14. He shows an example in figure 4 and I quote " Milky white spots on coins have a number of causes, but they occur often enough that grading "service's" have ceased guaranteeing the grade of BU copper coins and silver American Eagles". (Page 93) So I answered my own last question also.

 

I feint away from graded silver eagles so in this 'sods' mind, who cares?

 

Until of course when the design is changed or the Mint stops making them all together (which WILL certainly happen one day) and all those bullion coins become collectibles with a numismatic consideration and perhaps a premium, sometime way off in a future collecting scenario most of us will likely not be around for.

 

My thoughts are............

Please provide a link to the article as, from what I recollect, spotting on Silver Eagles has never been due to moisture on the coins from an air hose but residual from one of the planchet rinses.

This stands the test of the differences between special handling collector coins such as the Burnished W SAE's and the Proof SAE's (both of which spot) and the standard bullion coins which receive no such special handling as I seriously doubt that they are "dusted" before being put in 20 coin rolls.

 

And PCGS and NGC disclaimed their guarantee on milkspotting on the eagles long ago but that doesn't negate the grade guarantee on the ASE for reasons other than milkspotting. (The TPG now no longer extend their guarantee to coins that turn n the holder after slabbing, no matter what the coin is.)

 

I would love to provide a link but I have none to post other than anyone reading the article in Numismatic news 12/2 issue. I can't copy the article to here w/o violating copyright laws. The quote I posted above was exactly as written and attached to a photo in the article. If you are a subscriber to NN you can access this in electronic form from their site. Apologies extended for not being able to help more on this.

 

I've never understood grading anything modern much less bullion coins, but to each there own. If there is no guarantee beyond authentication, what's the point?

 

What's the Point?

What's the point in getting anything "professionally" graded?

The "point" is so that more than just the "owner" of the piece can agree upon the condition of the coin. That's the point.

The other point, which coincides with the 1st point, is for marketability reasons.

As for Silver Eagles, I still think that the author of the original piece is off base since "spotting" on US Silver coins has been occurring way before the Silver Eagles were even a twinkle in Ronald Reagans eye and his scenario does not address the fact that this anomaly also occurs with SAE's which are sold in 500 coin boxes.

But, whatever, everybody has an opinion. (Which is the last reason for getting something graded.)

 

I'm just curious - do the TPGs downgrade for milk spots if they're present on the coin when submitted or do they ignore them? Anyone know?