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Blemish on ATB 5 oz silver bullion
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<p>[QUOTE="krispy, post: 1082840, member: 19065"]Overtime most anything may work to alter the appearance of silver coins, such as eventual toning. So-called milk spots can become more pronounced which is likely because the surrounding surface area has toned. Even subtle toning that's nearly impercetible to the naked eye, overall, can make the spots more pronounced in time. The comment coming from NGC, who have seen more of these coins than any of us and are themselves scrutinizing these coins for grading and who are aware of such spotting-issues, so far are reporting this is <i>not</i> presenting a significant problem on the coins they had reviewed. </p><p><br /></p><p>Spotting and haze are evident to careful review, especially under magnification, because the spots are present on the surface of the coins from the outset. If they are going to be a problem, then the problem is already there from day one. Years down the road when you can see the spot with the naked eye the problem was still there all along. They don't just materialize over time after leaving the Mint. The spots are acquired at the Mint at the time of production. </p><p><br /></p><p>NGC are capable of seeing these problems when they review coins for grading. In that general statement, NGC are <i>not</i> claiming all of these coins are spot/haze free, because they obviously have not seen nor will they ever see all examples of these coins to make such a claim. For now they have simply downplayed this problem for us. For me, it was a relief to hear that this may not be an issue with these coins the way it isn't much of an issue with other silver products from the Mint-- outside the milk spots on bullion ASEs and haze on Proof ASE coins, for instance.</p><p><br /></p><p><br /></p><p><br /></p><p>Because as I quoted above, these are the major condition issues, meaning many, most or even all (as no MS70 sets have <i>yet</i> been graded) have similar issues. APMEX could only send the next best example they have in inventory to the OP based on the problem of the returned coin. This is done at APMEX's own discretion and comparison of the problem the OP gave for the return. APMEX clearly had at least one example from their inventory that they felt they could issue in exchange and that one was one they deemed not to have the same problem (to the same extent) as the returned coin had, but that doesn't mean they are going to send a problem free coin either. We cannot compare the two coins as the OP supplied us with only one of the coins he received from APMEX, but the chance of him getting back another with a similar problem to some degree appears to be high. He's lucky they had any whatsoever. Many of the other APs accept no returns had have built in disclaimers about condition of these bullion coins. </p><p><br /></p><p>Remember, APMEX are not a numismatic coin retailer, they are a bullion dealer and these are bullion coins. Yes, APMEX continue to sell some numismatical-graded inventory and are on the fence with numismatic issues, but it something that they seem to mainly exploit through marketing, disclaiming their operation as bullion dealers not numismatists. </p><p><br /></p><p>If anyone seeks problem free coins they'd be better served acquiring graded examples of the bullion coins, preferably reviewed in hand and prior to purchase to ensure the quality they deem suitable, or wait for the non-bullion, numismatic coins to be released from the Mint.</p><p><br /></p><p>Just as bullion dealers web sites use photographs that are representative of the products they sell, what you see is only an approximation of what you will get. If an APMEX customer is disatisfied with their order they should by all means call them and exercise their three day return right from the day you receive the item.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1082840, member: 19065"]Overtime most anything may work to alter the appearance of silver coins, such as eventual toning. So-called milk spots can become more pronounced which is likely because the surrounding surface area has toned. Even subtle toning that's nearly impercetible to the naked eye, overall, can make the spots more pronounced in time. The comment coming from NGC, who have seen more of these coins than any of us and are themselves scrutinizing these coins for grading and who are aware of such spotting-issues, so far are reporting this is [I]not[/I] presenting a significant problem on the coins they had reviewed. Spotting and haze are evident to careful review, especially under magnification, because the spots are present on the surface of the coins from the outset. If they are going to be a problem, then the problem is already there from day one. Years down the road when you can see the spot with the naked eye the problem was still there all along. They don't just materialize over time after leaving the Mint. The spots are acquired at the Mint at the time of production. NGC are capable of seeing these problems when they review coins for grading. In that general statement, NGC are [I]not[/I] claiming all of these coins are spot/haze free, because they obviously have not seen nor will they ever see all examples of these coins to make such a claim. For now they have simply downplayed this problem for us. For me, it was a relief to hear that this may not be an issue with these coins the way it isn't much of an issue with other silver products from the Mint-- outside the milk spots on bullion ASEs and haze on Proof ASE coins, for instance. Because as I quoted above, these are the major condition issues, meaning many, most or even all (as no MS70 sets have [I]yet[/I] been graded) have similar issues. APMEX could only send the next best example they have in inventory to the OP based on the problem of the returned coin. This is done at APMEX's own discretion and comparison of the problem the OP gave for the return. APMEX clearly had at least one example from their inventory that they felt they could issue in exchange and that one was one they deemed not to have the same problem (to the same extent) as the returned coin had, but that doesn't mean they are going to send a problem free coin either. We cannot compare the two coins as the OP supplied us with only one of the coins he received from APMEX, but the chance of him getting back another with a similar problem to some degree appears to be high. He's lucky they had any whatsoever. Many of the other APs accept no returns had have built in disclaimers about condition of these bullion coins. Remember, APMEX are not a numismatic coin retailer, they are a bullion dealer and these are bullion coins. Yes, APMEX continue to sell some numismatical-graded inventory and are on the fence with numismatic issues, but it something that they seem to mainly exploit through marketing, disclaiming their operation as bullion dealers not numismatists. If anyone seeks problem free coins they'd be better served acquiring graded examples of the bullion coins, preferably reviewed in hand and prior to purchase to ensure the quality they deem suitable, or wait for the non-bullion, numismatic coins to be released from the Mint. Just as bullion dealers web sites use photographs that are representative of the products they sell, what you see is only an approximation of what you will get. If an APMEX customer is disatisfied with their order they should by all means call them and exercise their three day return right from the day you receive the item.[/QUOTE]
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Blemish on ATB 5 oz silver bullion
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