White spots on slabbed pandas

Discussion in 'Modern Chinese Coins & Medallions' started by smokymcpot, Sep 13, 2012.

  1. smokymcpot

    smokymcpot New Member

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    Hey there, someone offered me $320 for 5 NGC MS69 2011 Panda's. The problem is he told me there are white spots on it. So my question is,

    1) Is this a common issue and unavoidable?
    2) If I do get a slabbed panda without any milk spots, will it form sooner or later? Is it unavoidable?
    3) Will it affect the value?


    Your replies would be most appreciated :)
     
  2. yennus

    yennus Well-Known Member Silver Stacker

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    1a) Yes, it is fairly common on newer Pandas - since they haven't had the time to develop whitespots when first graded.
    1b) Not really avoidable.

    2) Not all Pandas develop milkspots. I've seen the earliest Pandas without milk spots.

    3) Yes. There is a larger market for milkspot free Pandas. But that being said, even spotted Pandas do better than spot/bullion price too. I've seen OMP 1995 MD Silver Pandas being sold for near $1000USD.

    Tip: Buy the coin, not the grade.
     
  3. sul62

    sul62 New Member

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    If coins were sent to NCS would that make a difference? Could that prevent the whitespots.
     
  4. jc888888888

    jc888888888 New Member Silver Stacker

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    NO NO NO IMHO, some folks believe it ,imho it is hogwash ,milkspots develop from cleaning fluids used to clean the dies pressed into the coin,these ever so slight impurities rise to the surface of the coin after a while sometimes creating milkspots,that is why they sometimes just appear on a coin that was fine,imho you can rub anything you want on the surface of the coin and it wont stop it ,ncs in SOME instances can diminish the appearance of milk spots once they form ,just my opinion here, you waste money sending a coin to ncs ,that is perfect to start with , if coin has pvc damage ,toning,grime ,fingerprints, in the case of gold, copper spots, stains ,etc ,or if you just want to brighten the appearance by all means NCS is a great service,preventing milkspots from forming ?? Imho no way no how:)
     
  5. silverfever

    silverfever New Member

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    I personally would not touch any coin with white spots.
     
  6. smokymcpot

    smokymcpot New Member

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    Hmmm, so milk spots are unavoidable and there are chances in the future my perfectly okay coin can have milk spots :( So if I do purchase these 5 slabbed panda's with a little milk spots on them, won't it get worst as I keep them along the years? Cause I reside in Malaysia and sending it to NCS or NGC is really, I mean really expensive especially the postal fee and exchange rate. So yeah :/
     
  7. yennus

    yennus Well-Known Member Silver Stacker

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    Milkspots are "generally" avoidable on older graded coins - harder to predict with newer Pandas.

    Some milkspots don't get worse with time... some do.

    I have a lot of milkspotted coins... these are forming part of my bullion Panda collection ... and also my "fire sale" collection Pandas :) [Some people are happy just forming a full Panda collection... I use to be one of them; but now i'm after quality]
     
  8. smokymcpot

    smokymcpot New Member

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    Oh okaay :) So what can you do then if your MS69 slabbed panda's are milk spotted? Just leave it as it is and hope to God it doesn't get worse?
     
  9. Guest

    Guest Guest

    I have many philharmonicas with white spots on them, it's terrible. It's akin to buying a new car with magic bird shit all over it that doesn't wash off. Grrr :mad:
     
  10. yennus

    yennus Well-Known Member Silver Stacker

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    Yep, not much you can do when that happens.

    Nevertheless, a slabbed whitespotted coin is better than a OMP whitespotted coin.
     
  11. Reggie Perrin

    Reggie Perrin New Member

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    I hear that a jewellery cleaning cloth or a very soft rubber will remove whitespots.. don't try this on Pandas, it's only good for phili's or other coins that are only worth their weight in silver
     
  12. smokymcpot

    smokymcpot New Member

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    Yeah, heard good quality erasers also work (Faber Castell) but if you're not experienced, there will be scratch marks on the coin.
     
  13. Reggie Perrin

    Reggie Perrin New Member

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    LOL.. I just realised the word 'rubbers' has a different meaning in some Countries. I'll stick with 'erasers' in the future. :)
     
  14. low

    low New Member

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    Best advice from one of the most knowledge person in modern China coins, poconopenn.

     
  15. smokymcpot

    smokymcpot New Member

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    Oh cool, will try that when I get my panda's ;)
    Okay, so any other preventive measures to prevent milk spots on slabbed or OMP pandas?
     
  16. yennus

    yennus Well-Known Member Silver Stacker

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    Use airtight bags :)
     
  17. smokymcpot

    smokymcpot New Member

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    Any other?
     
  18. low

    low New Member

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    You can try gold coin.

    Btw smokymcpot, silver coins attract a 15% tax (sales+import) for invoice amount above RM500 if custom ever open the parcel. They did it on nearly every single EMS parcel. These days the custom are pretty smart and aggressive.

    Gold coin is not taxable in Malaysia.
     
  19. Ryaneod

    Ryaneod New Member

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    I was about to ask . . lubricated or not? ;) I am glad you clarified . . .
     
  20. Thor122

    Thor122 New Member

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    Is a old discussion. But i never ear from a ncs panda after develop milk spots.
    But allways are a first. For now i prefer ncs than ngc only
     

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