Yikes! Watch for these marks on Silver Eagles.

Discussion in 'US Coins Forum' started by Insider, Feb 21, 2023.

  1. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC

    This is precisely why I do not touch graded modern coins. I don't think I've ever seen a truly deserving MS70.
     
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  3. Mr.Q

    Mr.Q Well-Known Member

    Nothing is considered full proof. Environment is at the top of my list. More precisely, moisture. Good luck.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    Here's the thing, when you dip a coin that has milk spots on it, the milk spots simply remain. In other words they are not affected at all and remain unchanged. There have even been tests/experiments conducted where the coin was dipped longer than it should be to the point that luster was stripped from the coin. And the milk spots still remained unchanged.

    On top of that the mint itself, well aware of the issue, tried for years to resolve the issue and solve the problem. They tried many different rinses, they tried water rinses after the planchet cleaning rinse - nothing changed. Short story, they tried everything they could think of and nothing worked. Still today they have not figured out a solution. Nor have any of the other mints in the world for they have all tried to find a solution.

    We also have to remember that whatever cleaning rinse is being used, all the planchets go through the same rinse, the same process. But the milk spots only appear on a limited number of coins. Given that, if it was the rinse causing the problem one would think that a great many more coins would be affected.

    Add to all of this that even those professionals with the most knowledge of how to properly clean/conserve coins have tried everything they know how to do, and nothing works - the milk spots remain unchanged.

    I've not seen any or heard of any. But I think it stands to reason that in all the years this issue has existed that somebody somewhere has tried it.
     
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  5. ldhair

    ldhair Clean Supporter

    The first I ever knew of these spots was when everyone was looking for the 1964 proof AH half dollars. Coins that looked fine were coming back from being graded with spots or they developed spots shortly after that.

    Many believed that shipping and just the change in holders made the spots start showing. I still believe that. My collection of silver eagles have never grown spots and all are still in the original mint packaging.

    Something in the silver itself is just waiting to start showing. I have a 95W that looks perfect but I will never remove it from the mint packaging for grading. It's hard not to send it in with the price of PR-70 today.
     
  6. green18

    green18 Unknown member Sweet on Commemorative Coins

  7. Marc Aldrich

    Marc Aldrich Member

    Hi there and thank you in advance for any insights on the eagle. This coin is stated to have a strike through and is graded ms69 in First Strike. It was also stated that this was overlooked by PCGS when graded. Is that even possible since the imperfection is clearly visible with the naked eye. Why would PCGS not designate this as an error coin ? Or maybe it is not a strike through? In your opinion, is this a desirable Eagle especially since it is a First Strike. Also, with the price guide very high for an 86 in First Strike, would $900 be a good deal on this? Or is that imperfection hurting it's value.

    Thank you!
     

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  8. igotchange

    igotchange Active Member

    its probably not the coins but either the holders or a combination of material the holders comprised of and whatever chemical that is applied to the coin prior to being placed in the holder creating a reaction.also maybe a reaction of holder coin material and a 3rd factor creating an acid reaction.just a thought.
     
    GoldFinger1969 likes this.
  9. GDJMSP

    GDJMSP Numismatist Moderator

    My suggestion, run, do not walk, away from that coin. Not only is - whatever that is that you pictured - problematic, there is more, what looks like damage to me, as can be seen here between the R and T. (Click on the pic to blow it up and see it better.)

    upload_2023-3-6_8-44-43.png


    In addition to that the First Strike designation on the slab is meaningless and adds no value whatsoever.
     
  10. Cheech9712

    Cheech9712 Every thing is a guess

    It’s a Boston coin
     
    igotchange likes this.
  11. Insider

    Insider Talent on loan from...

    ANA DEFINITION OF MS-70: "flawless exactly as it was minted, with no trace of wear or injury. Etc...."

    Now, in reality, all coins EXACTLY AS MINTED can come with Flaws ("errors" due to planchet or strike). The Major TPGS add under 5X magnification. MS-69 can have no more than two, small, non-detracting marks or flaws. One knocks it out for me. As far as Mint made imperfections, I will grade a coin MS-70 with a strike thru because I mention the imperfection: MS-70, struck thru. Grading is personal, if anyone wishes to buy a coin graded MS-70 with three marks, that's their business.

    I've seen thousands of 100% perfect coins using high magnification under a stereo Microscope and florescent light. Trust me they exist; and I personally do not know how both the Mints of the world and Daniel Carr can strike so many of these large, perfect coins!!!

    IMO, your coin should have been called a strike thru.
     
  12. Marc Aldrich

    Marc Aldrich Member

    Thank you all for your great responses! Very informative and helpful!!
     
  13. igotchange

    igotchange Active Member

    well i asked my mom and she told me to quit smoking with my coins when i have a cold or ill get spotty coinage.then again who listens to mom anyway.those spot dont appear to have dierection as if projected.they apppear to grow outward like a chemical reaction or fungus.
     
    GoldFinger1969 likes this.
  14. KeviniswhoIam

    KeviniswhoIam Well-Known Member

    as well as between the B and the E
     
  15. BobPlayer73

    BobPlayer73 New Member

    The rest
    The residue is on the metal before it is hit with the die. The residue is "stamped" into the metal deeper than just the surface. That is what the Milk spots are coming from. Trust it's no theory.
    There is ways to remove them, I have done it many times.
     
    GoldFinger1969 likes this.
  16. BobPlayer73

    BobPlayer73 New Member

    If PCGS is offering a reward still, which I don't know or I have never seen personally, they probably figured it out and stopped offering it.
     
    GoldFinger1969 likes this.
  17. BobPlayer73

    BobPlayer73 New Member

    It's borax left on the metal by the way.
     
    GoldFinger1969 likes this.
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Could it be gasses from the holder itself ?
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    If it's "stamped into the metal deeper than just the surface", how do you remove it without leaving a pit? Or is your "removal" process actually "resurfacing" (i.e. smoothing) the coin in that area?
     
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