There is a deal on a website for 2016 Silver Maples. $1.94 over spot. There is a disclaimer that some of the coins may have milk spots. Anyone heard of this?
Google is your friend.... https://www.google.com/search?q=mil...ved=0ahUKEwjo8cfN09PLAhUD2T4KHUk-C4YQ_AUIBigB
I love Maples and am thinking about getting a tube. I had an Idea to avoid possible milk spots. Buy them 10 at a time online. They will come in flips and most likely would be inspected before shipped. Anyone think this approach would work?
If the company says they may be spotted then they're not going to remove the spotted ones before they ship to you...unless I misunderstood. Personally I've never worried about them. They're bullion coins. A milk spot will never lower the melt value.
I'm not worried about the melt value, I am worried about the premium I pay for Maples versus Rounds. I would think that milk spots will downgrade the coin to melt value vs. a $2 premium I could get with an nice coin.
Here's the thing I've noticed when dealing with brick & mortar coin stores - that premium isn't returned when selling. Now selling to an individual you may get some of it back. I bought several ASEs from the pick silver melt bin at my former LCS. ASEs for a dollar over spot? Yes please! Spot free Maples, you may get that extra two dollars, but don't count on it unless you're selling to another individual. That's part of why a lot of silver bugs prefer rounds.
The shop I go to buys ASE's back at $1.50 over spot. I am assuming a Maple would be a little less but still over spot. I think you are right though, to play it safe just get rounds. I know a few shops that buy back at spot and sell the rounds at $1.25 over spot. Thanks for the advice!
Full disclosure - I buy ASEs and not rounds. I just don't really care for rounds and don't mind eating the premium for government issued bullion. Also, I don't care about milk spots. I only have 1 round and I bought it because it has the Air Force logo on it.
I'm more on the silver bug side, so I'd be on the other side of the fence. I do like the government issued coins but eating a lot of the premium at sell time sucks unless I can find a private party to sell to.
The only real defense against milk spots is to just buy coins that are old. Like early 1990s ect, no one has been able to come up with a method that says this will milk spot and this won't. It just takes time to see which ones actually do
Here is what I'm reading. You are buying silver items for an investment. Forget the premium as long as it is reasonable. Stop worrying yourself about spots, stains, scratches, etc. on the items. 99% of the time, you will be offered melt or BELOW when you try to sell them no matter how they look. The only thing you need to do is make sure they are kept in a safe place and watch the market for a time to sell. If you are fortunate, you will receive more than you paid for them and more than your money will have made somewhere else!
