Dipping Silver...

Does it lower the value if you dip your silver bullion?


I wouldn't think so, but who knows right..

bnb

 

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*Update*

Just spoke to Apmex and they said dipped silver does not effect the buy back value.

I'm going to call a few more..

 

I don't think it affects value, but why bother to do it?

 

I had a few 1 oz bars with tarnish that I wanted to get off.

 

I'm not sure it will lower the value, but good luck finding a buyer for it.
I wouldn't.
And I think that because there would be less buyers for it, your bids won't get as high as if it was original.
Dipping IMO should only be done if you are conserving the coin. In situations where if you don't dip it, it will just wreck the coin. Why dip something if it doesn't need it. ESPECIALLY for something like bullion. It is something that is traded, in and out. That means that you aren't going to be holding onto it for a while so the next person is going to be unhappy. Keep in mind you are just a temporary holder for all these materials.

Do you really want all the next owners after you to be saying, "Man, this would be really nice, except the previous owner over dipped it".
Because we sure do hear that alot here.

 

If I was going to consider dipping a coin in my collection for conservation I sure wouldn't want it to be my first try at it..I think if dipping doesn't hurt bullion value he may as well practice on items he doesn't care about...AS LONG AS IT DOESN'T LOWER VALUE..

 

Over dip no, but some dip, why not.

 

Have you dipped enough coins to know that fine line?

 

All I'll say to this question is, highly doubtful. He used his 'nail' to get the 'gunk' off a '32-D Washie in another thread, has asked repeatedly (on more than one forum) how to clean 'junk silver' (which included the '32-D Washie).....regardless of how low grade it is, it IS a key date, and if not done peoperly (for ANY coin, common OR key-date), the attempted removal of 'gunk' or any other contaminants should only be attempted after experimenting with those kinds of coins that would NOT be sold as a collector coin, but those that are simply 'spot price junk'.

 

Does he run a company or sell them as a dealer?

 

Nobody seems to know the answer to that question. In order to keep from having this post nuked, all I'll say is his agenda remains a mystery, not only to myself, but to many, many others.

 

Huh well ive been in the coin collecting for 6 years now and from ym experiences, the only people who dip are eitheir novices and arent informed about eptina etc. or are a shady store owner or dealer , and my favorite the guy who buys junk silver dips them to make it look better and also crack cases.

i could be wrong but thats my experience with dippers. Plus dipping is obviously noticeable its not attractive whatsoever.

 

I think you are wrong. A properly dipped coin is not obvious at all except for the fact that it has no toning. The practice is in no way limited to novices and shady dealers. Almost every white morgan dollar slabbed by reputable companies has been dipped without impairing value.

 

If it doesn't affect the value why would you waste time? Making your silver bars shiny wouldn't make them anymore expensive or desirable by anyone. I can't imagine that a buyer has a sign that says, "please dip your bars before bringing them in for sale". good luck with that idea

 

I don't know why the OP even asks these questions, as he always seems to know the answers already, even if contradictory to members who obviously have more knowledge than the OP.

 

Whoa... this thread went off on a tangent about coins! LOL

The answer, in general, for "silver bullion" is... NO. It does not lower the silver bullion value. Also, neither does looking like crap, technically.

Exceptions:

If that silver bullion also happens to be a coin and also has some numismatic value... then they answer gets much more disputed... as seen above. (In general... don't dip... is the consensus.)

If the silver bullion is of a collectible nature such as older style bullion, gram bars from the price peak, or art bars... it may actually lower the collectible value which, in some cases, may outrank the bullion value.

Extreme over dipping or dipping in the wrong thing could theoretically cause a weight change. (Highly unlikely, probably minuscule at most and not noticeable even if it did happen, but still to be noted.)

Another exception is the "buyer factor"... the buyer may have a different perception than you based their experience, lack of experience, the trade medium, their purpose for buying, their angle (trying to get this price down), or expectations versus reality. (aka x factor... really, no way to predict)

Conclusion:

Again, short answer to your exact question... NO.

In most cases, for silver bullion, dipping won't hurt the value or ability to resell and, even though technically irrelevant to the value, looking shiny is better than not.

Thanks,
Michael

 

I consider toning very attractive. all white luster? not so much in my opinion. And I understand that many slabbed morgans have been dipped. I dont like them, I like toned morgans. and while that is the opposite of most people's opinions I stick to that with my collection.

 

The simple answer to your question is "no." However, if that silver bullion piece has any collector value (value other than bullion) dipping can damage it's collectible and thus lower it's value. It won't however affect the bullion value.

I completely agree. This would be a good way to practice IMHO assuming the bars only hold bullion value and are not collectible.

This is not correct. Properly done, dipping is considered an acceptable thing to do. Sometimes toning is unattractive and thus lowers the eye appeal and value of the coin...other times it has progressed to the point where the corrosion can damage the coin if not treated, in both cases dipping is considered acceptable for the coin.

I would think this would be a good way to learn how to dip. As we all know, dipping is one of those fine arts where too little doesn't do anything and too much damages the coin. It takes experience to know how to to it correctly. Why not practice and hone skills on something that the value won't be affected on.

Often times, the toning has progressed to a point where it is damaging to the coin and needs to be removed. You have to remember the toning is oxidation which is a forum of corrosion. In this case, dipping is considered a good thing to do.

I personally consider toning very attractive a lot of the time as well (but not always) but there is times when it needs to be removed.

 

While the silver pros are here I'd like an opinion if you would.
I have no desire to dip my silver for cleaning, but I do have a 1937D WLH that I picked up a few days ago that has a great strike, but I wish it had a little better finish. Will letting it sit in olive oil for a couple weeks or longer hurt? Then possibly spray it with some soapy water, rinse in distilled water, no rub and let it drip dry?

I never mess with doing anything like this, but there has been a lot of talk on here about dipping, and I was just wondering if olive oil might help the patina.

 

Olive oil is great on Pasta Charlie, especially if it's the "virgin" variety. On coins I can see it doing no harm but I seem to remember Doug (GD) posting about an acidic effect of olive oil. :smile