If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#31
|
|||
|
|||
Current opinion on grading/slabbing?
On Apr 9, 12:15*pm, Trevor wrote:
I have a silver Eagle that literally turned black. What is that called? I'm guessing it's not a "spot." - Trevor On 4/9/2013 1:37 AM, Frank Provasek wrote: Is a "70" really worth 3 to 20 times as much as a "69"? *Since a "70" is either "perfect" or "as struck" or "no visible flaws under 5x magnification" *-- I think a hand-selected "69" or original raw coin is a much better value. And PCGS is CHANGING their guarantee on modern silver coins...When an MS70 2002 Silver Eagle, for example, that was graded MS70 and supposedly worth $2000 develops spots or haze after grading, PCGS would regrade it -- perhaps MS68 *-- and pay the owner the difference in value ...$1970 -- as MS68 is listed at $30. Obviously these are ticking time bombs, as PCGS has graded $27 billion worth of coins, but they *have no insurance, no segregated reserve funds -- they simply pay losses out of current cash *flow. and their parent company's $99 million market capitalization *could quicky vanish with an extended run of claims. So let's see how "70s" *will hold their value when PCGS quits downgrading spotted coins -- *and will let the "market" decide how to value "perfect 70s" *"spotted 70s" and "tried to clean it but it didn't work, so we are putting it back in a 70 slab" PCGS Modern Silver Coin Spot Policy When initially grading modern silver issues, PCGS will deduct for spots that are already evident. If coins spot after they are graded by PCGS, they are not covered by the terms of the PCGS grading guarantee. If you would like us to try to remove spots from your coins by "dipping" them, we may be able to do that. It is our experience that spots on proof Silver Eagles can be removed in about 80% of the cases, but spots on Mint State Silver Eagles will only come off approximately 10% to 25% of the time. We launched a Restoration Service on January 2, 2013 and for a fee (grading fee plus 4% of the value) we will remove spots, unattractive toning and other imperfections. However, this fee would be excessive for most modern silver issues so as a service to our customers, we will have a spot removal service for modern silver coins available beginning April 1, 2013. We are only charging a flat fee of $5 for spot removal on modern silver coins. Note that we cannot guarantee whether our spot removal attempt will be successful. If the spots do not come out, we will still reholder you coin in its original grade. It will just be a spotted coin of that grade. We anticipate that a two tier market (spot-free and spotted) will develop, much as it has in the past 10 years or so in the U.S. generic gold market. For further information about our spot removal service, contact PCGS Customer Service after April 1, 2013.- Hide quoted text - - Show quoted text - In U.S. bank notes, a "Black Eagle" is a good thing. Oh well... Is your silver eagle in some kind of holder that has a cardboard insert holding it in place??? That can cause your discloration problem. But there could be other reasons too. Silver is simply very reactive sometimes... oly |
Ads |
#32
|
|||
|
|||
Current opinion on grading/slabbing?
On 4/9/2013 11:25 AM, oly wrote:
I have a silver Eagle that literally turned black. What is that called? I'm guessing it's not a "spot." In U.S. bank notes, a "Black Eagle" is a good thing. Oh well... Is your silver eagle in some kind of holder that has a cardboard insert holding it in place??? That can cause your discloration problem. But there could be other reasons too. Silver is simply very reactive sometimes... oly It was just in the vinyl(?) holder that I bought it in, from a reputable local dealer. |
#33
|
|||
|
|||
Current opinion on grading/slabbing?
On Apr 9, 12:46*pm, Trevor wrote:
On 4/9/2013 11:25 AM, oly wrote: I have a silver Eagle that literally turned black. What is that called? I'm guessing it's not a "spot." In U.S. bank notes, a "Black Eagle" is a good thing. *Oh well... Is your silver eagle in some kind of holder that has a cardboard insert holding it in place??? *That can cause your discloration problem. *But there could be other reasons too. Silver is simply very reactive sometimes... oly It was just in the vinyl(?) holder that I bought it in, from a reputable local dealer. The subject of vinyl coin holders is long and complicated, but if it is a "soft" pliable vinyl/plastic holder, most knowledgeable coin people would NOT use it for long-term storage. The chemicals which make the holder "soft" can have a very damaging effect on the coins. Usually the residue left on the coins is greenish and sticky, not black. Rigid or semi-rigid plastic holders (like "Safeflips", made of Polyethylene Terephthalate) are hated by many people, but they are the route to go for long term storage. Or Air-tites or Capital Plastic's holders. Soemtimes you can get away with using the "soft" pliable holders (I just this morning reholdered a beautiful roll of 1883-O Dollars that had been individually stored in soft vinyl "flips" for over twenty years/ close to thirty years and the prior collector got darned lucky), but I checked each coin very carefully before I put them into "Air-tites". This is a long and involved topic, but "soft" coin holders are generally dangerous or chancey for long-term storage. I would use a cardboard 2X2 holder with staples before I used a soft holder. oly |
#34
|
|||
|
|||
Current opinion on grading/slabbing?
On Tue, 09 Apr 2013 11:15:44 -0600, Trevor wrote:
I have a silver Eagle that literally turned black. What is that called? I'm guessing it's not a "spot." Chocolate Dollars -- The Coin Collectors Hangout: http://www/coinhangout.com/home |
#35
|
|||
|
|||
Current opinion on grading/slabbing?
"Ruben" wrote in message news Chocolate Dollars That's what Frank calls the Morgans he sticks up his ass! |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Best current grading service | Sara Brown | Coins | 6 | March 20th 09 02:14 AM |
Grading Opinion | Jorg Lueke | Coins | 6 | August 18th 08 05:16 PM |
ICG Grading Opinion | Son of the Beach | Coins | 0 | August 13th 05 04:43 AM |
Grading Opinion | Brian Hartman | Coins | 7 | June 5th 04 10:35 PM |
New slabbing service- "R&L Grading" | Scott Drummond | Coins | 0 | November 27th 03 06:38 AM |