Hey guys, so i recently bought a PCGS SP70 2017 burnished silver eagle, and i have noticed some imperfections on the coin. Anyway, i took two pictures with my phone camera, and i would appreciate it if you guys take a look. I apologize for the phone pictures, but that's all i've got. On the reverse, there are some tiny scratches to the left and to the top of the eagle. These scratches or marks are very obvious under the light, especially when i tilt them just right. At first i thought these were scratches on the slab, but after close examination, i am 99% sure they are on the actual coin. On the Obverse, there is some blemish or mark under the letter "Y" of "LIBERTY". I think this one is pretty obvious. I can see this one without the light. So what do you guys think? Am i being too OCD about this? I know SP70 doesn't mean it's absolutely perfect, but shouldn't the scratches disqualify this from a 70? Did i really get a bad coin, or is this normal for a collector quality burnished silver eagle. Do you guys have these imperfections on your "70" graded coins? I'm thinking of sending this one back to the seller for an exchange, but would like a second opinion from you guys. Thanks.
This is why i've stayed away from the 70 stuff. 69 is as high as i'd go but i'm content at 65. Return it.
Those scratches on the reverse look to me like die polishing lines, which would not be scratches. Id they are raised, they are die polishing, recessed are scratches - that's something you should be able to tell with the coin in hand. Even if they are die polishing lines, if you don't like them, then you should return it. Its your coin, and it should meet your expectations, not a TPG's expectations.
Looks like a 70 to me. The "scratches" on the reverse are not scratches, but die polishing lines. Everything else is a minor blemish, which doesn't detract from the grade.
So how common are die polishing lines? Are they generally undesirable? I'm just afraid when and if i sell this coin, these polishing lines and blemishes will detract the value of the coin.
Do collectors care about these mint imperfections? Do you try to avoid these polishing lines when choosing a coin?
If I paid more than $35, I would exchange it, although sometimes you get the same or worse and then what to do. Jim ps, as a disclaimer, I think slabbed ASE's of all kinds are grossly overpriced.
I think its all personal opinion. Personally, I don't mind die polishing lines, and purchase coins that have them. They don't detract from the quality of the strike. The lines that you have on your coin aren't terribly noticable, and I wouldn't think they would affect the resale of the coin very much. If you are planning to keep the coin, it's up to you.
So i paid $55 including shipping, which is actually quite a bit lower than the other SP70 burnished silver eagles he recently sold. The seller only accepted my best offer after i bought another more expensive coin and asked to just combined the shipping. So i have a feeling that the seller just took a returned coin and sent it to me, because i got it cheaper than he what would have liked. So i really don't know what to do, i'm afraid he would just send me a worse coin, and i really don't want to go through the hassle if it's not a big imperfection.
Die polishing likes can be considered to be common, but would probably vary from series to series, and from coin to coin. I don't do ASE's for anything other than bullion value, so I couldn't care less about condition. Based on your concerns, I will sat that you should return the ASE. Those lines bother you enough to question them, and they will probably bug you until the day you sell the bullion piece, so you really won't enjoy owning it. Return it, and buy one you like.
Thanks for the replies. The OCD side of me really wants to get an exchange, but also afraid of getting a worse coin.
Yea i think you are right, this will bother me until the day i die or until i sell it, even then i would blame myself for selling a flawed coin to someone... I think i'm going to ask for an exchange, and if the seller sends me another coin with these minor flaws, i'll just keep it. Thanks for the second opinion.
What would you say is a good price for this coin? The prices on this coin have increased all of a sudden this past week or so, and $55 is not too bad on this coin, but maybe you are right.
I don't know if it is worth it to ask for an exchange and risk it again. If you were dissatisfied this time, it is likely that another coin with imperfections would be sent to you. Seems like a lot of hassle for the seller, and a lot of money spent returning merchandise.
I haven't a clue on ASE values. I simply buy them as a pretty chunk of silver, and try to stay as close to $20 as I can.
Based on prices I just looked at, $55 seems like a decent price for a SP70. Most others sold in the mid 70s.
The coin isn't really flawed, so you wouldn't have to feel guilty if you were to sell it. This is a coin I bought a few days ago, and I still like it despite polishing lines:
Yea there seems to be a spike in the prices for burnished silver eagles this past week or so. Recent sold auctions are going around $60 - 80. This is probably the biggest reason i am a bit hesitant about sending this one back. I have bought quite a few things from this seller, and don't want to bother the seller if the polish marks are really not a big deal.
I normally don't buy ASEs because they are just so common, but i wanted a graded one, just so i have an ASE. This one is a "burnished" silver eagle, so it's supposed to be a collector quality ASE, and that is why i'm being so picky about these lines.