1986 Silver Dollar

I am new to your group, but I have been collecting for many years. Unfortunately, I buy what catches my eye , then put it away for the next two generations.
My concern today is this 1986 Silver Dollar. I could use your expertise. As you can see there are several indentations on the left leg. I woukd like to know if I should keep it or return the Silver Dollar.
A little more information:
The coin is from a roll of uncirculated Silver Dollars & placed in a hard plastic.
Thanks for your help
Jack

 

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Pictures?

 

Sorry, I thought they were attached.....

 

Finally

 

I hope that this picture will give you a better idea

 

Looks like nicks from being hit by another reeded edge coin

 

@SNEU48

First, welcome to the neighborhood, Jack!

FYI, your coin is not really a silver dollar. It is a Silver American Eagle (SAE) 1oz. bullion coin struck by the US Mint. Until 2006, the uncirculated version of this coin (like yours) was only available through bullion dealers approved by the US Mint. They had to buy them in "Green Monster" boxes of $500.

As a rule, they would submit these boxes for bulk grading, and any that did not meet their minimum grade (usually MS69) would be returned, uncertified. Your coin is probably one that did not make the grade, and that is why you see the flaws on it. Personally, I wouldn't worry about returning it unless you paid a premium for it.

Chris

 

and I would disagree with Chris, with all due respect.

I would return this coin and ask for one that is on better condition, as these coins are typically found in high-end pristine condition. If you have an option, there is no reason to accept a sub-standard coin.

 

I thank you for your response gentlemen. You were very helpfull in the decision I've made. I was hoping that the damage was a dye issue rather than a man made mistake.
I am returning the Silver Eagle for a full refund. Thank you.......

 

I understand your point. I'm figuring that since the OP's coin is from the first year of issue there won't be too many uncertified coins in pristine condition.

Chris

 

Be sure to let us know how things work out and what the replacement coin looks like.

Chris

 

I'm waiting for their response. I don't think I should hold my breath....

 

This all, I think, would be dependent upon the sales venue and description when it was offered. A single reeding hit on an ASE from a bulk bullion seller, for instance, is not really justifiable cause for a return - don't forget, we call them what we will but to the Mint they're bullion and not subject to extraordinary handling. For the record, I have that first-hand from Jon Cameron, the Mint's director of Numismatic and Bullion programs. Bulk ASE's receive a little care but nothing special.

As an individual sale from someone who specifically described it as in high grade, this might be arguable. But either way it's a single hit on a bullion coin.

 

I agree w/SuperDave

I don't know how many thousands of SE @mikenoodle has looked at; but IMO your coin is NOT sub-standard. Most would grade that side of your coin MS-68 at a minimum.
Unless this coin was sold at a specific grade of MS-70, you have no basis to return it. Most of these coins have marks, spots, hairlines of one kind or another. That's why fewer than 15% ever get graded as "perfect." People buy them to "invest" in silver or to collect them in the best condition.

Two things are going to happen. Either the dealer gives you a nicer coin with tiny defects you won't see and sells this piece to someone who does not care about the mark; or he may tell you to keep the coin and don't come back.

 

Yes and no. If a generic offering (as he seems to imply) one cannot rightly complain or expect to play coin tennis through the mail until he gets one that suits him. If a "pristine" example was what he wanted, that is what he needs to chase after.

 

I didn't expect this to turn into a lengthy discussion over a mark on my Silver Eagle. My decision to buy the Eagle in the first place was the dealers description of the coin & that it was a 1986. There was no mention of a coin having any defect, mark, spot or hairline.
They stated that the picture of the 1986 Eagle was a stock picture. They also claimed that the I would receive a Eagle from a U. S. Mint roll in great condition.

I came to this thread for the expert's opinion because I didn't know what kind of mark was on the coin, if it happened at the mint or afterwards. If the mark was from the mint, I would probably keep it. Now, it appears that there are two theories . A) Another coin struck the Eagle causing the damage.
B)It did happen at the mint, but since it was a uncirculated coin, there wasn't much care taken.
I have a lot more than a few Eagles & none have a noticeable mark like this one because I try to buy the best coin I can find, whether in person or through the mail.
I expect a coin from a mint roll to be in much better shape, especially coming from a dealer.
I, and most likley many of the people on this thread have coins much older that don't have the noticeable mark that this Eagle has.
All I needed was a simple explination & a little advice........
Not the Great Debate.
I thank everyone for their contribution....
So, who would like a 1986 Silver Eagle !!!!

 

All of us were just trying to help.

Another piece of advice: You are not allowed to solicit buy, sell or trade offers on the regular forums. We have special B/S/T forums for this.

Chris

 

I understand, & I thanked everyone for their contribution.
The offer was a Joke......

 

Whelp, you came to a discussion forum and that's what we do; discuss. Right or wrong, good or bad, everyone is simply trying to help you as best they can.

As for the rest, with all due respect, you're setting your standards a tad too high. Again, you bought a generic offering and got exactly what was advertised. If you wanted perfection, there are many options you could have taken but chose not to. If you're not happy, that's fine and I understand, but you're acting as if you were sent trashed junk as opposed to bullion with a small mark. If, in the future, you do not want such imperfections, you really need to buy individually offered examples, preferably slabbed and in a grade where such issues shouldn't be present.