Queens Beast 2oz set , grading results NGC

[foinikas]

Hi all,

I prefer to collect most of my coins in ngc slabs so i sent this set for grading.

i noticed the milk spots and i knew it would not achieve very well but  decided to do it anyway and upgrade any coin to higher grade in the future if i could find any. 
After reading all the disapoinment (including mine) i am not sure if it will be possible to get this set in pf 69-70 as very few have been graded and as far as i understand , there wont be any restrikes from the mint. 
If anyone else has graded any of those please let me know. Also please feel free to share your thoughts on my coins. 
Thank you

 

 

 

 

 

 

 

 

 

 

 

 

Edited September 8, 2021 by foinikas
Mistake

[SilverJacks]

11 minutes ago, foinikas said:

Hi all,

I prefer to collect most of my coins in ngc slabs so i sent this set for grading.

i noticed the milk spots and i knew it would not achieve very well but  decided to do it anyway and upgrade any coin to higher grade in the future if i could find any. 
After reading all the disapoinment (including mine) i am not sure if it will be possible to get this set in pf 69-70 as very few have been graded and as far as i understand , there wont be any restrikes from the mint. 
If anyone else has graded any of those please let me know. Also please feel free to share your thoughts on my coins. 
Thank you

 

 

 

 

 

 

 

 

 

 

 

 

Thanks for sharing the results. At least you did not get any details notations.

Did you request conservation when you submitted?

 

[foinikas]

7 minutes ago, SilverJacks said:

Thanks for sharing the results. At least you did not get any details notations.

Did you request conservation when you submitted?

 

No problem mate. I thought many would be interested to know. Yes conservation was requested but has not been done. They usually do not do in modern coins. On some of my coins the milk spots were smaller before i send them out. By the time the coins arrived to Ngc, more spots were developed.

[Zhorro]

35 minutes ago, foinikas said:

Hi all,
I prefer to collect most of my coins in ngc slabs so i sent this set for grading.

i noticed the milk spots and i knew it would not achieve very well but  decided to do it anyway and upgrade any coin to higher grade in the future if i could find any. 
After reading all the disapoinment (including mine) i am not sure if it will be possible to get this set in pf 69-70 as very few have been graded and as far as i understand , there wont be any restrikes from the mint. 
If anyone else has graded any of those please let me know. Also please feel free to share your thoughts on my coins. 
Thank you

Can I ask whether you bought these directly from the Royal Mint?  Doesn't the Royal Mint say that it aims to produce coins that are at least PF68?  As you have a PF67, surely you could have grounds for complaint?  How could this one have gone through a quality control check???

[Jeffers46]

41 minutes ago, foinikas said:

Hi all,

I prefer to collect most of my coins in ngc slabs so i sent this set for grading.

i noticed the milk spots and i knew it would not achieve very well but  decided to do it anyway and upgrade any coin to higher grade in the future if i could find any. 
After reading all the disapoinment (including mine) i am not sure if it will be possible to get this set in pf 69-70 as very few have been graded and as far as i understand , there wont be any restrikes from the mint. 
If anyone else has graded any of those please let me know. Also please feel free to share your thoughts on my coins. 
Thank you

 

 

 

 

 

 

 

 

 

 

 

 

Are you happy with the results yourself?

So this confirms that milk spots will affect any grading score, negatively...

[foinikas]

3 minutes ago, Zhorro said:

Can I ask whether you bought these directly from the Royal Mint?  Doesn't the Royal Mint say that it aims to produce coins that are at least PF68?  As you have a PF67, surely you could have grounds for complaint?  How could this one have gone through a quality control check???

Yes directly. Definetely there is room for complaint. I sent them an email complaining for the quality. They did offer a refund which i declined as i wanted to keep the set. They really need to up their quality check.

[foinikas]

3 minutes ago, Jeffers46 said:

Are you happy with the results yourself?

So this confirms that milk spots will affect any grading score, negatively...

Well, cant say i am happy. Yes the milkspot definetely affect grading. I think milk spots appears mostly in the first few weeks of the coins creation.Some very early graded coins that achieve pf70 can develope a lot of milkspots that would nkt justify the top grade.

[CollectorNo1]

My memory isn't great..did you post before that you were going to send these off with the milkspots for grading and wanted the opinions of members on here whether it was worth doing this?

 

[foinikas]

1 minute ago, CollectorNo1 said:

My memory isn't great..did you post before that you were going to send these off with the milkspots for grading and wanted the opinions of members on here whether it was worth doing this?

 

No,wasnt me,  but i am interested to read that post if you can find it 

[SilverJacks]

5 minutes ago, CollectorNo1 said:

My memory isn't great..did you post before that you were going to send these off with the milkspots for grading and wanted the opinions of members on here whether it was worth doing this?

 

That was me. I'm waiting for the results. Not sure how long that wait will be. Conservation requested also.

Interesting to see they did not conserve these coins. Their stance may be that they can't do anything for milk spots.

[SilverJacks]

@foinikasCan you see any spots at all on the Yale? since it achieved 70..

[Zhorro]

1 minute ago, SilverJacks said:

Interesting to see they did not conserve these coins. Their stance may be that they can't do anything for milk spots.

I think you have to ask (and pay) for conservation.

[SilverJacks]

Just now, Zhorro said:

I think you have to ask (and pay) for conservation.

It's been requested on the form but I think they decide whether there's anything they can do for the coins and if not, they move on to grading without conservation fee.

[CollectorNo1]

2 minutes ago, SilverJacks said:

That was me. I'm waiting for the results. Not sure how long that wait will be. Conservation requested also.

Interesting to see they did not conserve these coins. Their stance may be that they can't do anything for milk spots.

Ngc/Ncs state on their website that they cannot remove milkspots. They have attempted this in the past but has resulted in more damage to the coin so they avoid any conservation regarding milkspots.😒

[foinikas]

11 minutes ago, SilverJacks said:

@foinikasCan you see any spots at all on the Yale? since it achieved 70..

Not really. 

[CollectorNo1]

[kimchi]

This has opened a real can of worms with NGC for me.

To take the milking alone: they've graded some very highly (it may be the minimum expected, but 69 is still a very good grade) despite the milking. But there is no qualification. It's their subjective opinion about 'eye appeal'. The worst milked ones got the worst grades, but to what extent did they disregard the milking on the better examples? Would any have been 70s otherwise? The (presently) unmilked Yale at 70 suggests very possibly, and a reasonable conclusion is that no milked coin can get a 70 - but it is just guesswork.

If they give a milked coin a 69 (and the photo can be checked on the register) it leaves the secondary market stumped if the milking gets worse. At what point would/should a 69 drop a grade or two? It's all subjective at NGC on this in he first place, so will be between buyers and sellers (and between different buyers and sellers).

This is the problem with modern proof silver, especially from certain Mints, and having it graded. NGC is not helping here by grading milked coins without clarification.

I have a milked MS69 Griffin, I'll have to check the register to see if it was milked when graded.

 

Edited September 8, 2021 by kimchi

[CollectorNo1]

I watched a video ,don't ask me who it was and when I can't remember. It was referring to a QB's 2oz proof coin that had been graded PF70 but over 6 months had developed severe milkspotting in the slab. As it couldn't hold that grade because of the spotting the person decided to just break it out of the slab and take the loss. I believe he was going to melt it down,also stated that it would be the last time he would send any silver proof coins in for grading.😒😒

It is a gamble when buying silver proofs or bullion coins that they won't develop milkspotting overtime.Saying that I have many silver Britannia's Going back 20 years that are in perfect condition,also old silver proof coins that are fine. 

The RCM in 2018 developed Mintshield technology that reduces (Not eradicates) milkspotting. Obviously they are going to keep this a secret but I'm sure the RM if they so wanted could invest in scientific tests and diagnostic procedures to establish their own type of Mintshied technology if they wanted. Makes you wonder why they havnt done this so far??

[SilverJacks]

I said this as a joke recently but all jokes aside, I'm not ruling out the possibility that in future, milk spots actually get accepted as the nature of modern silver coinage. Admittedly, that doesn't seem likely. We'd all rather avoid them. But at some point, people might look back on certain coins (QB) and realise it's unavoidable.

[foinikas]

47 minutes ago, CollectorNo1 said:

I watched a video ,don't ask me who it was and when I can't remember. It was referring to a QB's 2oz proof coin that had been graded PF70 but over 6 months had developed severe milkspotting in the slab. As it couldn't hold that grade because of the spotting the person decided to just break it out of the slab and take the loss. I believe he was going to melt it down,also stated that it would be the last time he would send any silver proof coins in for grading.😒😒

It is a gamble when buying silver proofs or bullion coins that they won't develop milkspotting overtime.Saying that I have many silver Britannia's Going back 20 years that are in perfect condition,also old silver proof coins that are fine. 

The RCM in 2018 developed Mintshield technology that reduces (Not eradicates) milkspotting. Obviously they are going to keep this a secret but I'm sure the RM if they so wanted could invest in scientific tests and diagnostic procedures to establish their own type of Mintshied technology if they wanted. Makes you wonder why they havnt done this so far??

 

47 minutes ago, CollectorNo1 said:

I watched a video ,don't ask me who it was and when I can't remember. It was referring to a QB's 2oz proof coin that had been graded PF70 but over 6 months had developed severe milkspotting in the slab. As it couldn't hold that grade because of the spotting the person decided to just break it out of the slab and take the loss. I believe he was going to melt it down,also stated that it would be the last time he would send any silver proof coins in for grading.😒😒

It is a gamble when buying silver proofs or bullion coins that they won't develop milkspotting overtime.Saying that I have many silver Britannia's Going back 20 years that are in perfect condition,also old silver proof coins that are fine. 

The RCM in 2018 developed Mintshield technology that reduces (Not eradicates) milkspotting. Obviously they are going to keep this a secret but I'm sure the RM if they so wanted could invest in scientific tests and diagnostic procedures to establish their own type of Mintshied technology if they wanted. Makes you wonder why they havnt done this so far??

In my experience, the majority of milkspots develop in the first couple of months in a coin. I certainly prefer a pf70 without milkspots but i would not mind a small barely visible spot in the edge of a coin that was developed after grading. The problem arises if someone grades within the first couple of weeks of the coin production and them the coin develops milkspots that does not represent the grade. 
it is a shame and indeed RM should do something about this. I stopped buying silver coins until they address this issue. Very dissapointing.

[kimchi]

12 minutes ago, CollectorNo1 said:

I watched a video ,don't ask me who it was and when I can't remember. It was referring to a QB's 2oz proof coin that had been graded PF70 but over 6 months had developed severe milkspotting in the slab. As it couldn't hold that grade because of the spotting the person decided to just break it out of the slab and take the loss. I believe he was going to melt it down,also stated that it would be the last time he would send any silver proof coins in for grading.😒😒

For me this begs the question 'has anyone with a coin (ideally a 70) which spots after grading resubmitted it (in its original holder) for re-grading, and if so what was the result?'.

I've never seen this done, obviously you would be losing money on grading twice, but I think it'd be a very useful exercise for us collectors.

This has been a very useful thread. Without being able to check the photos at NGC (understandable for the OP's privacy they have hidden the slab details) it looks like NGC are saying that a spotted coin can grade (at least - ?) as high as a 69!!!

This should be very big news in the coin community, and lead to further research (comparison with PCGS etc) imho.

[NewCoins]

19 hours ago, foinikas said:

Hi all,

I prefer to collect most of my coins in ngc slabs so i sent this set for grading.

i noticed the milk spots and i knew it would not achieve very well but  decided to do it anyway and upgrade any coin to higher grade in the future if i could find any. 
After reading all the disapoinment (including mine) i am not sure if it will be possible to get this set in pf 69-70 as very few have been graded and as far as i understand , there wont be any restrikes from the mint. 
If anyone else has graded any of those please let me know. Also please feel free to share your thoughts on my coins. 
Thank you

 

 

 

 

 

 

 

 

 

 

 

 

Thanks for sharing. 

I bought this set too, returned it, and had a replacement, which I also returned. First set wasnt good enough by a long stretch, second was nearly there.

I would have considered grading if i was happy with them. I am no expert by a long stretch, but I feel slightly vindicated by my decision.

I know the quality of this set has been discussed on other threads, but it just wasn't good enough.

All in all, they minted 3000 coins or so for this set. It was a premium set that could have been brilliant.

I am sure they got the message for this set. Whether they do anything or not is the true measure.

Let's hope they do, and sorry that your grades aren't what you hoped.

[Rll1288]

3 hours ago, NewCoins said:

Thanks for sharing. 

I bought this set too, returned it, and had a replacement, which I also returned. First set wasnt good enough by a long stretch, second was nearly there.

I would have considered grading if i was happy with them. I am no expert by a long stretch, but I feel slightly vindicated by my decision.

I know the quality of this set has been discussed on other threads, but it just wasn't good enough.

All in all, they minted 3000 coins or so for this set. It was a premium set that could have been brilliant.

I am sure they got the message for this set. Whether they do anything or not is the true measure.

Let's hope they do, and sorry that your grades aren't what you hoped.

Hi, I sent my 2oz QBs off for grading and out of the 10 I had 1 x PF70, 1 x PF69 5 x PF68s, 2 x PF67 and 1 x PF66 .... I spoke with RM and they are going to replace the three under PF68 with restrikes as I told them that this was below their set standards of a 68 grade... and the mintage for the 2oz is 350 not 3000 that was for the 1/4 oz I believe....

Edited September 9, 2021 by Rll1288

[motorbikez]

@foinikas Out of that set only the bull got a 67 which isn't great but getting a 70 Yale is excellent as there are only 5 graded a 70.The Dragon which is also highly desirable got a 69  which is one of only 4 graded 69 & no 70s is great in fact only the Yale has been graded at a 70.

Those 2 if you sold them would IMHO command over £2000 for the pair.

[motorbikez]

@kimchi Re PCGS grading I actually bought a PR 70 1oz silver QB unicorn which had a milkspot, I did send it back as they didn't disclose it & it was on the reverse, if it was on the obverse at the time I would have kept it. So I don't think they are any better than NGC re milkspot issues.