Uncirculated and Proof Versions of Bullion coins as investment

Does anyone have any comparability information of how the value of the uncirculated and proof bullion coins have fared with respect to the regular issues, that is what is the premium? It looks like APMEX is selling the W issues for about $150 over random years. If gold falls will these special issues protect you better from the drops?

 

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I did not buy it as an investment, but my $10 2008 W 1/4 ounce burnished gold eagle has done well. I think it is the lowest mintage of all gold eagles. TC

 

This coincides with my opinion, which also applies to numismatic coins' value. The higher base metal goes for the more collectible coins that will have their premiums eaten into. I don't think they will ever go for base, but the spread will decrease. I'd say the reverse goes if base prices drop.

 

Numismatic value really depends upon the quality, rarity, and desirability. On a high mintage modern issues of an ASE or AGE I don't think there is much of a change. People will always pay a little more for a UNC or PF of one of these coins, but not a lot more. However there are big exceptions like the 2008 UNC AGE. The premium is huge over a bullion coin.

So I guess to make a long story shorter and from strictly an investment point of view, the premium you would spend on a collectors version of these coins isn't worth it. I recommend that if you go this route that you buy them slabbed and stick to MS or PF 70. Buy last year's slabbed issue and you might save a little more.

 

My name is Buffalo Stacker, and I am a Buffalo addict.
I started in the fall of 2008 with the gateway 2008-W $5 proof.
My pusher, a high placed member of a very large major urban gold and silver company, sold it to me for $105.00, which was $5 less than the Mint price at the time. After my first buy, I was hooked. I spent every penney I had on 2008-W Buffaloes, even though coin dealers told me they would never be worth anything.
I almost died when the Mint ran out of 24K plashettes and stopped production prematurely. But when they lowered the price 10% to get rid of them, I bought so many I didn't even have time to open the boxes, I just threw them unopened into a dresser drawer.
Unopened proof sets like the ones I paid $2000 for were last listed on Ebay at "buy now" prices of around $20,000.00
Moral of the story: Buy coins you fall in love with and pray that the Mint runs out of pleshetes

 

Buffalo Stacker can you tell me if 2009,and 2010 buffalo gold coins were also .9999 per purity in all denominations i.e.
$50, $25, $10, $5 coins? Thanks zeke

 

Yes, all Buffs are 24K. However 2008 was the only year that the Mint made fractionals.
I'm still in love with them, and I just took delivery of a 2011 proof. However I would not buy them for investment purposes.

For investment purposes, I buy Suisse Pamp 1oz bars because I have a secret crush on the Goddess Fortuna, and they are the lowest premium easily traded 24K gold bullion.

 

Thanks. I'm sorry to have to say that I have to sell five 2008 $50 gold bullion coins. Expenses, drat, AAaaarrrrgggh!

 

After a quick ebay search on the 1/10 oz. gold buffaloes, it does seem like they carry a heavy premium. Looks like you can't find one for less than $500, so that's a huge return on current spot price ($154 for a 1/10 oz.). Should've grabbed a few of those.

 

Excluding rarity, I haven't done well with proof gold coins, except with the 2009 UHR gold coin.
At the last Whitman show in Baltimore I sold a US Mint 2010 four proof AGE album to Heritage Auction
I think the proof status of the album did not translate to not very much of a premium.
I think APMEX told me on a 1oz AGE they paid a $70.00 proof premium
I'm still buying proof gold but not for the investment potential.