The problem is , People don't make a big deal with the spots. If EVERYONE with numismatics that paid a ton of money for there coin(s) made a big stink about it, Maybe the Mints would do something about it. If people are going to be as quiet as a church mouse and say nothing, The mint(s) will continue doing what there doing.
Who says people are being quiet about it? At least some are speaking with their voice & voting with their wallet. The question is: Are those who make the decisions even listening? What also compounds the issue with any coin/mint is multi-fold: 1.) Just how bad & widespread is it? 2.) Is this just a temporary blip? 3.) If it takes a year or two for spots to show up in some cases, how is a mint to accurately measure the negative effects of lower demand in real-time in order to do something about it? And is spotting the only reason? I don't believe it's as simple as one thinks.
Milk spots seem to be getting more common these days, even proof coins are not spared from this plague. I somehow started to accept toned and spotted coins provided they developed these defects during my possession.
Sold all your silver? You had a thread about how you couldnt get better than half of spot in Bosnia. Why sell and then purchase gold which, according to you, has similar resale value? If your a stacker you really suck at it.
With gold, I can easy put in my pocekt, cross border to Slovenia and sell it. Silver, I can not put it in my trunk and get undetected by customs on border haha. Gold is somewhat better, pepople here value gold more than silver. I kept some Perth Mint silver for my collection, but all other I sold... and converted to 1/4 gold coins (I managed to sell and buy gold in 1:77 ratio, which is not a big loss .
SilverPete, I meant to ask.. Was this a fairly recent pick-up? How soon did the spots form after receiving it?
and even some of my beloved Koala coins got them. My half ounze Kolaa 2010 got it already. I thought that only the coins with high production of 2011 an 2012 caught that milk spots. By it seems that I am wrong. Mints over the world: What did you change in your production process? If we consumers decide to switch to a Mint without the milk spot on coins would you change your mind please in saving only peanuts!? THANK YOU!
This was one of several miscellaneous kilo coins picked up at spot price and it already had some spotting. Its still a kilo of silver so its cool with me. The cute freckles on the Queen are a bonus
I see what you did there.. Honestly, it's not all that of a bad one, re: sizes, number, spacing, location, etc. Definitely a lot worse out there. Some might see ugly acne, while others might see "cute freckles." Unique stuff is cool! Heck, you might even get an extra premium for it someday, no joke..
Perth Mint is taking this seriously, it is a bit of a puzzle as we have pretty clean minting area, air filters etc. Have sent some coins off to a university for analysis of what is in the spots.
This is good news. Because I for one have spent a boat load on PM coins...one day the mints will figure out how to prevent this from happening.
Spotted 5-oz Dragon on US eBay. Damaged capsule (top off in photo) might have played a role..? http://www.ebay.com/itm/2012-Austra...agon-8-Broken-Capsule-Abrasions-/141520165372
A question I have is, because it is exposed to air, does that necessarily mean that all silver will get spots? I see some old morgans and peace dollars exposed to air 24/7 for years and years, and never get spots. Isn't this something wrong with the minting process. I mean, do we have to be so damn paranoid about getting white spots if air hits the coin. It really shouldn't be this way, should it? What about it Ron Currie? What say you? I think this is unacceptable regardless if the capsule is cracked or not. I mean, do we really need to secure our silver in coin armour bags, then inside air tite containers, then put all kinds of gadgets inside like moisture and air absorbers to prevent white spots from seeping inside???? That is ridiculous if you ask me. And granted it's not only PM or RCM or ____, it is the whole dang mints around the world...for the most part.
I've got some new 2014 (non-PM) coins which I put into appropriately-sized air-tites (the original good brand) right away. Even just a few months later, and they've already developed spotting that wasn't there before. I also have moisture control where they're stored. Meanwhile, I've got decades-old & even centuries-old coins (.500 to .999 Ag) with no milk-spots whatsoever. Surely they didn't have plastic slabs & air-tites & other containers back in the 1700s? It's a production issue with today's mints. Just wondering if exposure to air might help speed it along, post-production.
Yes, and that is still precisely the important question no one has yet been able to answer. I was hoping that SilverPete would expand his testing of silver coins to try to get a more definitive answer to this question because I spend a lot of time trying to ensure that my modern and new silver coins are protected from the elements. It's frustrating not knowing if my efforts and money spent doing this is all in vain. .
I don't see the problem, I suppose you pay a premium for it to be pretty but least you know it's not fake! Milk spots don't seem to be a problem on kilo bars or 10oz bars to my knowledge, anyone have different? So maybe it's in the polishing process or something, either way wouldn't stop my buying it.
