Milk spots on Pandas

Discussion in 'Modern Chinese Coins & Medallions' started by ToDaMoon, Jul 26, 2011.

  1. Ag47

    Ag47 New Member

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    It's a little disappointing this can also happen to pandas. I had just about written off maples because of the spots.

    I wonder if this could happen to most coins with a mirror finish?
     
  2. Gold Phantom

    Gold Phantom New Member

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    For the record, Maggie is bloody legend.
    I shot over a PM with the details of my spotted panda and she responded 10 mins later, no questions asked with an exchange and an apology (not that it was necessary).
    I have dealt with big bullion dealers in the past and their philosophy is generally 'deal with it mate', Maggie is a diamond in the rough as far as I am concerned.
    Will certainly do lots of business with Maggie in the future...
     
  3. mrslick32

    mrslick32 New Member

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    Those white spots are one reason why I like to have my coins conserved by NCS then graded by NGC. In my opinion, the coins look better on a slab, there is less probability of white spots forming, and I can look at the coins as often as I want knowing that they are protected from damage.
     
  4. ToDaMoon

    ToDaMoon Active Member Silver Stacker

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    Ignore me!!!
     
  5. Maggie

    Maggie New Member Silver Stacker

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    To be ignored is to be ignorant. No offence mrslick32. Philmart you will not be ignored, nor shall anyone be.
    I have received email from Apmex and I will have Russ place it here when he gets home tonight. I cannot do it myself. I will resolve this problem to everyones satisfaction.
    Thankyou everyone for your messages and posts, your kindness humbles me. Your concerns are mine and I won't let you down.
    Kindest regards Maggie
     
  6. mrslick32

    mrslick32 New Member

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    I apologize Philmart. I was not ignoring you. I should have explained my post a little more because it looks misleading now that I'm re-reading it.

    I was just suggesting an alternative for those who received coins with no white spots because it is possible that those white spots may form in the future because the mint capsules are not airtight and silver can develop the white spots due to the impurities from the blanks used by the mint. I heard that silver coins from different countries can be affected by this problem. Slabs are not airtight either but they offer better protection in my opinion. I can relate with you because I bought some silver coins in the past with white spots and unfortunately I was not able to exchange them. However, I know that Apmex has a money back guarantee on all coins they sell so I hope that you can get your coins exchanged or refunded.

    I was just trying to contribute to this forum in my own little way and I hope you'll have a happy ending to this story. :)
     
  7. ToDaMoon

    ToDaMoon Active Member Silver Stacker

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    Lol. All out of context. I wrote the post and then realized I hadn't read someones comment sp effectively deleted the post by asking people to ignore my stupidity. Apologies for any confusion!!!
     
  8. mrslick32

    mrslick32 New Member

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    No offense taken from my end. :)
     
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Looks like the start of a beautiful new relationship :D
     
  10. renovator

    renovator Well-Known Member

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    lol yep i wonder if they already sent profile pics & listed their hobbies :lol:
     
  11. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    question is is mrslick32 Mrs Lick 32 or Mr Slick 32............
     
  12. renovator

    renovator Well-Known Member

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    Good question smoothie .could be an interesting first date .It would be something like ......but i thought you were a ................ :lol:
     
  13. Maggie

    Maggie New Member Silver Stacker

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    This is the reply from APMEX re spots on 2010 Silver Pandas,

    Dear Maggie, These spots are normal and do not affect the value of the Pandas. We have seen these on the coins before, and it is a natural occurrence with silver. We can exchange the Pandas if you would like to ship them back to us, but you would be responsible for return shipping. If you were to exchange them for other Pandas, we could not guarantee that the same thing would not happen over time to the new coins. These spots tend to show up with silver and they do not affect the value. Kind Regards, Clint SummersInternational Logistics Specialist American Precious Metals Exchange226 Dean A. McGee AvenueOklahoma City, Oklahoma 73102(405) 595-2100 ext 224www.APMEX.com
     
  14. fishball

    fishball New Member Silver Stacker

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    Wow... "Do not affect the value" and "We could not guarantee the same thing would not happen" what bastards lol.

    >_>
     
  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    APMEX wrote and quoted by Maggie:
    Not a confidence boosting reply from one of our own sponsors (APMEX) is it? Are you reading this Clinton????

    Yes Chinese coins can get affected by white spots, one of the reasons that collectors with gem quality coins send them to NCS for conserving - in order to reduce the chance of white spots occurring.

    Like Mrslick said, doesn't affect the grading of a coin and therefore you would presume it's value, but it would surely affect the marketability ie it's resale in the future - read - it's value. Send em back maggie, I'll chuck in $10 to help with return postage, I hate to see unhappy people on this forum. I've got your bank details.
     
  16. Maggie

    Maggie New Member Silver Stacker

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    NO THANK YOU mmm....shiney, I will resolve this as I have my own standards of what I want for my customers. APMEX wrote the above quote to me. I have not as yet sent my reply back. I said I would post what the response from APMEX was here tonight. I have done so. From here on I will resolve this problem to the satisfaction of all concerned.
    Regards Maggie
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Please understand everyone I was not casting doubt on maggie when I wrote "Not a confidence boosting reply from one of our own sponsors is it?" . I was referring to Apmex who is one of our advertisers/sponsors - note I used the name "Clinton", re Clint Summers of APMEX.
     
  18. mrslick32

    mrslick32 New Member

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    It's Mr. Slick. :)

    Anyway, I agree that white spots may affect marketability if they are very distracting. If they are very light and only appeared relatively recently then maybe NCS can remove them or at least make the white spots less visible. Otherwise, they cannot be removed safely. I have a 2011 5 oz. silver panda coin that was beginning to have very light and small spots (around one or two only). I just got it back graded by NGC and conserved by NCS and I cannot see the white spots anymore.

    Personally, I don't think they affect value that much if the spots are not too obvious (very light and small). However, a valid concern from some people is that if the spots start to develop, they might get worse over time. I've heard that having coins conserved by NCS can prevent white spots from forming (or at least slow it down) so it's something people may want to consider as an alternative.

    That being said, I strongly suggest that you exchange the coins with Apmex to give you peace of mind. One thing I did before when I purchased from Apmex was to write a note (while ordering online) saying that I don't want to receive coins with any white spots. So far it has worked for me.
     

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