errorist Posted March 13, 2021 Share Posted March 13, 2021 (edited) you buy a slabbed Pf70 or MS70 modern cent for big dollars and then 20 years later the zinc below the thin copper plating starts corroding and starts to blister the plating?? Does the value or grade of the coin go down or would it stay the same? Seems like it could be risky for plated coins... Edited March 13, 2021 by errorist Link to comment Share on other sites More sharing options...
Popular Post Just Bob Posted March 13, 2021 Popular Post Share Posted March 13, 2021 If that were to happen, the value would almost certainly decrease. That is the problem with paying a lot of money for "condition rarity" coins - especially modern coins. Beside the fact that the numbers graded at the same grade (or higher, in the case of MS69 or PR69 and lower coins) may increase, thus lowering their rarity and value, there is always the possibility of something happening to the coin while in the holder. That is why the TPGs do not guarantee against things like milk spots on Silver Eagles or other changes in the appearance of coins in their holders. Ray, USMC, Revenant and RonnieR131 1 2 Link to comment Share on other sites More sharing options...
Ray, USMC Posted March 13, 2021 Share Posted March 13, 2021 Everything in the coin world is risky. Everything is stacked against collectors, air environment and careless handling and storage to mention only a few. For me collecting is worth those risks so I collect coins I want and do the best I can to protect them with no guarantee they will be pristine down the road. It's part of what makes collecting exciting. IMO. GoldFinger1969 1 Link to comment Share on other sites More sharing options...
Fenntucky Mike Posted March 13, 2021 Share Posted March 13, 2021 10 minutes ago, errorist said: Does the value or grade of the coin go down or would it stay the same? Value and grade go down but not the label it will always be a 70. The value/grade will degrade with the coin's condition but it will carry a premium because of the label and registry competitors. Revenant and Mr_Spud 2 Link to comment Share on other sites More sharing options...
GoldFinger1969 Posted March 13, 2021 Share Posted March 13, 2021 If you buy an ASE from more than 5 years ago, certainly 10 or more, if it hasn't developed milk spots or other imperfections by then chances are it won't. Still undesirable but more forgiving would be a new blemish on a classic coin such as a Morgan Silver Dollar or a Saint-Gaudens gold coin. At least they aren't making more of those every year. Ray, USMC 1 Link to comment Share on other sites More sharing options...
Popular Post zadok Posted March 13, 2021 Popular Post Share Posted March 13, 2021 silver lining....the coin wont go to zero value like some stocks...it will always have its face value... Revenant, GoldFinger1969 and Ray, USMC 3 Link to comment Share on other sites More sharing options...
Popular Post Coinbuf Posted March 13, 2021 Popular Post Share Posted March 13, 2021 If that happens you have a very expensive paperweight that scores well in the registry. Revenant, Ray, USMC, GoldFinger1969 and 1 other 4 Link to comment Share on other sites More sharing options...
Henri Charriere Posted March 13, 2021 Share Posted March 13, 2021 [Kind of ironic to think that the roosters I bought raw not two years ago are now well above melt. Encapsulated or not, the least we can do is educate ourselves, avoid vultures and try to be the responsible stewards we should be.] Ray, USMC and RonnieR131 2 Link to comment Share on other sites More sharing options...
Revenant Posted March 14, 2021 Share Posted March 14, 2021 On 3/13/2021 at 11:08 AM, zadok said: silver lining....the coin wont go to zero value like some stocks...it will always have its face value... Well… The US has never demonetized any old money or currency... yet. I guess we'll see. Never say never, right? Link to comment Share on other sites More sharing options...
Revenant Posted March 14, 2021 Share Posted March 14, 2021 On 3/13/2021 at 8:28 AM, errorist said: you buy a slabbed Pf70 or MS70 modern cent for big dollars and then 20 years later the zinc below the thin copper plating starts corroding and starts to blister the plating?? Does the value or grade of the coin go down or would it stay the same? Seems like it could be risky for plated coins... They always say "buy the coin, not the label." I think there was even an NGC article a while back that asked the question, "If TP grading went away tomorrow, would what I'm buying still have / hold value?" Consider that question carefully and if you're willing to lose all of that if that label suddenly no longer matters. There's a reason I never got into playing games with MS70 Silver eagles at marked up prices vs the 69s. It just seemed like a bad risk with the milk spots and everything else. I had a guy offer to buy a Libertad off me a few years ago that was one of the few from the year that was graded as MS69 at the time. I had gotten it graded myself, but I told him straight up that it had milk-spotted bad since I took the pictures I had posted in the registry and I didn't think it would grade as well anymore. He still wanted it and for a price I was happy to part with it for, so I let him have it. Link to comment Share on other sites More sharing options...
GoldFinger1969 Posted March 14, 2021 Share Posted March 14, 2021 5 hours ago, Revenant said: I had a guy offer to buy a Libertad off me a few years ago that was one of the few from the year that was graded as MS69 at the time. I had gotten it graded myself, but I told him straight up that it had milk-spotted bad since I took the pictures I had posted in the registry and I didn't think it would grade as well anymore. He still wanted it and for a price I was happy to part with it for, so I let him have it. How many years after the coin was minted/graded did it develop the spots ? Link to comment Share on other sites More sharing options...
Revenant Posted March 15, 2021 Share Posted March 15, 2021 21 minutes ago, GoldFinger1969 said: How many years after the coin was minted/graded did it develop the spots ? Hmm... good question? I'd say it was less than 5 so I'd say your "10+ is mostly safe" assertion is mostly valid in my experience. GoldFinger1969 1 Link to comment Share on other sites More sharing options...
jtryka Posted March 15, 2021 Share Posted March 15, 2021 Don't the TPG's have stricter limits on guarantees on copper coins, which would presumably cover plated cents? Link to comment Share on other sites More sharing options...
jtryka Posted March 15, 2021 Share Posted March 15, 2021 Found it, this is from the NGC guarantee: Coins made of copper, bronze and brass or are copper-plated can change over time. Accordingly, with regard to copper, bronze, brass or copper-plated Coins, the grade portion of this Guarantee will no longer apply after the 10-year anniversary of their date of encapsulation. The expiration date of the grade portion of this Guarantee can be found by entering the Coin’s certification number in the Verify NGC Certification section of the NGC website or by contacting NGC Customer Service. Link to comment Share on other sites More sharing options...
Henri Charriere Posted March 15, 2021 Share Posted March 15, 2021 2 minutes ago, jtryka said: Found it, this is from the NGC guarantee: ...the grade portion of this Guarantee will no longer apply after the 10-year anniversary of their date of encapsulation. [VKurtB: So, what's your Plan B now, roostermeister? Q.A.: I can't believe you get to have the last laugh. I have no choice but to sell, sell, sell. Curses!] 😉 Link to comment Share on other sites More sharing options...
Conder101 Posted March 16, 2021 Share Posted March 16, 2021 On 3/14/2021 at 2:06 PM, Revenant said: The US has never demonetized any old money or currency... yet. Except the trade dollar, in I think 1878, might have been 76. But then they reversed themselves and remonitized them in 1965 (And there was a joint resolution of Congress that remonitized them in 1933.) Revenant 1 Link to comment Share on other sites More sharing options...
zadok Posted March 16, 2021 Share Posted March 16, 2021 so my quints r still spendable ?....whew Link to comment Share on other sites More sharing options...
Revenant Posted March 16, 2021 Share Posted March 16, 2021 1 hour ago, Conder101 said: Except the trade dollar, in I think 1878, might have been 76. But then they reversed themselves and remonitized them in 1965 (And there was a joint resolution of Congress that remonitized them in 1933.) Well, there ya go! 🤣 Link to comment Share on other sites More sharing options...
