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Grading Question: Peace Dollar MS65 with Milk Spots
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<p>[QUOTE="jolumoga, post: 26816281, member: 41780"]The problem that I see as I review higher-grade lustrous Peace dollars on eBay is that milk spots are pervasive - a high percentage of them appear to have them, or at least higher than is admitted. Over time these spots can turn into a yellowish-brownish color that looks a bit unnatural - similar to a coffee spill on the coin. It's obvious to me that TPGs must downplay the problem, because by acknowledging it they must admit their slabs are not the guarantee of a grade that people believe them to be. Also, because such a large percentage of silver dollars have been dipped, I think if this issue is openly addressed it may end up very stressful to people who've spent enormous sums of money investing in silver dollars. To me, this topic is similar to the steroids issue in baseball in the 1990s - downplay, avoid, and keep hush hush. I guess a takeaway from this is to be on the lookout for coins that look particularly lustrous and to avoid any evidence of spotting as much as possible, and to perhaps be willing to buy slightly toned coins or coins in older holders that do not show such problems.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 26816281, member: 41780"]The problem that I see as I review higher-grade lustrous Peace dollars on eBay is that milk spots are pervasive - a high percentage of them appear to have them, or at least higher than is admitted. Over time these spots can turn into a yellowish-brownish color that looks a bit unnatural - similar to a coffee spill on the coin. It's obvious to me that TPGs must downplay the problem, because by acknowledging it they must admit their slabs are not the guarantee of a grade that people believe them to be. Also, because such a large percentage of silver dollars have been dipped, I think if this issue is openly addressed it may end up very stressful to people who've spent enormous sums of money investing in silver dollars. To me, this topic is similar to the steroids issue in baseball in the 1990s - downplay, avoid, and keep hush hush. I guess a takeaway from this is to be on the lookout for coins that look particularly lustrous and to avoid any evidence of spotting as much as possible, and to perhaps be willing to buy slightly toned coins or coins in older holders that do not show such problems.[/QUOTE]
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