I just received 5 1oz rounds and noticed a spot on one of them. They were all sealed in plastic from the provider/mint. The weight is 31.42g. Using a loop it appears that the small area around the pinhole is lightly tarnished. Not sure if the hole is from a laser or a hot pin? I plan to call the provider tomorrow for and explanation. Anyone have any idea about this or seen it before?
Yes thus why I removed it from the plastic. Your missing my point. It is a sealed round direct from the mint. How did it get this way is all I am trying to determine. Under the loop I can see the surrounding area has some scratches and the rim of the coin is roughed up. As far as I can tell the hole does not reveal anything wrong.
Even the US Treasury mint tubes of bullion, the coins can tarnish. I doubt there is a date on the round, so it made have been produced years ago, and the plastic got damaged. Yes, some bullion is put into protection, but all plastic can fatigue and allow air in to react with the silver. If you see physical damage, it was probably handled badly. Dipping will take away the tarnish, but not any damage. As rick said it is still worth the same as bullion.
Bullion dealers don't handle the rounds or bars with kid gloves. I have numerous bullion pieces with spotting or minting problems. It doesn't even pay to try and figure it out. When the bullion dealers started selling the big five ounce coins, I received a set that had fingerprints all over the surfaces. They were as noticeable as the designs themselves. They don't treat their merchandise like a numismatic coin. Weight is the only consideration that's important.
After your post, I took a closer look at my five pack. One does have a dark pin hole like yours, but without the tarnish. I do not have a problem with it. Suninjune
Just out of curiosity, why did you buy these? Did you buy them because they were sealed in plastic or did you buy them for the silver content? Was it both, because if it was, you're wasting your time. I'll put it to you in the most direct and blunt way I can. Nobody that seriously buys bullion as bullion will pay you more because it's sealed in plastic other than a few eccentric buyers, and good luck finding one. If it happens to be sealed in plastic and it's the same price, they'll buy it over non-sealed, probably, but they won't be willing to pay you 1 cent more because of the plastic. Basically, it's generic silver that you should be buying for very small premium and should never expect some type of collectible return. Therefore, don't waste one more second of your time and move on to something that is actually productive.
Just like several other responders you totally overlooked or ignored the context of my post. To answer your question: I purchase for the bullion. SilverTowne appears to be a recognized and trustworthy mint. They advertised these rounds as new and sealed. I have purchased bullion from them before. My purpose for posting here was to guage expectations when receiving bullion. It appears that the observation I made is considered acceptable. So does your post indicate that you consider this round I described to have been delivered to me in an acceptable condition based on the sellers description?
I would echo Peace, (if you are a regular here you know this isn't the most common occurence). If you bought this round at a small premium, just let it go. Its bullion, in the end will most likely be melted anyway. If this happened to have been some kind of gift item, that you paid extra for, (IDK "Easter 2014") and you really didn't like giving a tarnished gift then maybe worry about it and ask them to exchange it for another one. Do I actively try to keep my silver from tarnishing? Yeah, because if tarnishes continues it will eventually lower your silver weight. Do I worry about it much? No. If you are that stressed by tarnish, buy gold instead.
>>>So does your post indicate that you consider this round I described to have been delivered to me in an acceptable condition based on the sellers description? No it not acceptable, but it's also one of those things you just move on and don't give them your business anymore.
For me personally, I would not be happy to see that pin hole in what is supposed to be a brand new silver bar. I would not incur the expense or time to return it though as it is still worth the same regardless...silver bullion value. However, I would send them an email or call explaining what happened. This will usually get you some sort of discount or free shipping in the future. Now, that is well worth it. TC
