jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
I am sure many of you know by now most "new" bullion coins from places like Canada (Maples and Wildlife coins, maybe others), UK (Britannias), Australia (saltwater crocs, spiders, new kangaroo coins in tubes), Austria (Philharmonics) etc, tend to milk spot quite aggressively in some cases.
Do any of you think over time collectors will just learn to accept them and get used to them, or will people avoid them because they don't like the way they look with the spots? Personally I think they look like crap spotted, and I will only buy them as spotted coins cheap when they are available. I can get spotted gov coins (all but ASEs) for the same price as new generic rounds, and both the generics and milk spotted gov coins bring the same price when re-selling to the coin store, so in that case I prefer gov made bullion as spotted since I know the coins are legit vs generics at the same price).
I have several tubes of mint sealed Britannias and the 1 tube I opened is full of beautiful (art work) yet highly spotted coins. I am thinking of dumping the rest of my tubes of them (still sealed) in that I have a dealer willing to pay me a few cents over what I bought them for a few months ago. I would rather use the proceeds to buy cheaper bullion (perhaps even spotted gov coins LOL). I would gain roughly $1.25 per coin sold and wind up with the same amount of silver in the end by dumping the sealed tubes and putting the proceeds into cheaper bullion (which is now available). My fear is down the road these milk spotted coins will be avoided and I would rather cash out the little equity now and put the $$$ into cheaper stuff which in the end will probably bring the same as the sealed tube coins would (I am guessing?). I don't know for sure what is happening in my sealed tubes, but the one I opened on day 1 to use as a "control" shows me spotting now so I assume the rest will do the same since they came from the same mint "box". I never even touched the coins in the opened tube when I first got them (and the coin facing up showed no spotting at the time), but now I poured them into a tray and all the coins seem to show spotting. Maybe it has to do with air hitting the coins?
Wanted to see what you all think about the milk spotting issue, etc.
Jim
Do any of you think over time collectors will just learn to accept them and get used to them, or will people avoid them because they don't like the way they look with the spots? Personally I think they look like crap spotted, and I will only buy them as spotted coins cheap when they are available. I can get spotted gov coins (all but ASEs) for the same price as new generic rounds, and both the generics and milk spotted gov coins bring the same price when re-selling to the coin store, so in that case I prefer gov made bullion as spotted since I know the coins are legit vs generics at the same price).
I have several tubes of mint sealed Britannias and the 1 tube I opened is full of beautiful (art work) yet highly spotted coins. I am thinking of dumping the rest of my tubes of them (still sealed) in that I have a dealer willing to pay me a few cents over what I bought them for a few months ago. I would rather use the proceeds to buy cheaper bullion (perhaps even spotted gov coins LOL). I would gain roughly $1.25 per coin sold and wind up with the same amount of silver in the end by dumping the sealed tubes and putting the proceeds into cheaper bullion (which is now available). My fear is down the road these milk spotted coins will be avoided and I would rather cash out the little equity now and put the $$$ into cheaper stuff which in the end will probably bring the same as the sealed tube coins would (I am guessing?). I don't know for sure what is happening in my sealed tubes, but the one I opened on day 1 to use as a "control" shows me spotting now so I assume the rest will do the same since they came from the same mint "box". I never even touched the coins in the opened tube when I first got them (and the coin facing up showed no spotting at the time), but now I poured them into a tray and all the coins seem to show spotting. Maybe it has to do with air hitting the coins?
Wanted to see what you all think about the milk spotting issue, etc.
Jim
