2009 Gold/Platinum UNC "W' and some Proofs GONE

article from Numismatic news.

http://secure.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=5644

The news confirms online speculation that some numismatic versions of American Eagle and Buffalo precious metal coinage will not be offered again. However, the extent of program terminations offers a few surprises.

Uncirculated platinum American Eagles with the "W" mintmark in all sizes end with this year's coinages.

American Eagle platinum proofs come to an end, too, except for the one-ounce coin.

Uncirculated gold American Eagles will be discontinued except for the one-ounce size.

All American Buffalo uncirculated "W" collector versions will be ended.

Proof American Buffalo gold coins will be stopped except for the one-ounce coin.

 

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Well at least you didn't say anything about ASE's. What about the buffalo bullion "F" mint coin and its fractions? I heard some of these coins grade out ms69 or 70. Can that be true? THANKS MUCH zg:secret:

 

Could this F possibly be on the one on front of the Indian for the designer Fraser. You know Teddy Roosevelt's buddy. I was not overly impressed with the mint clearance sale. Think I will wait till Walmart put their big screens TV's on sale.

 

So, I have been a little confused on what is actually being discontinued and what will continue. If someone could post a list of the AGE, APE, and Buffalo's they will make next year it will be extremely helpful to me. I assume nothing is changing with the ASE.

 

Personally, I can't wait until the Mint discontinues the entire ASE series. When they do, all of the coins will immediately jump in price and begin to trade with real numismatic value.

 

So does that mean the Proof 08 Buffalo 1/10 ounce gold coins have serious potential to gain in value since they are killing the W mint mark and fractionals? And it would only be a 1 year run of them?
Someone say the word and my order will be processed in 24 hours.
May one of the more "experienced" collectors weigh in on this. Thanks.

 

I have a fair amount of ASE's but I never want them to end the series. :rolling:

 

I doubt that happens anytime soon. That series is very popular and many countries produce a 1oz silver coin...I think we will continue to do so for quite some time.

 

Yes, I wrote ' F' mint in error. While writing a previous post to just now I think I answered my own question. But I somehow blew the post away into cyberspace by hitting the ' delete ' key.:goofer::goofer:
Anyway I know the facility at West Point, right across the river and down the road, mints all the gold bullion and proof coins for at least the American Buffalo. I wrote ' F' but this probably stands for Fraser. And answering my own question, since bullion is made for general circulation it should be able to reach the high MS grades. Proofs on the other hand are not made for general circulation and also can be high MS as well as PF grades. bullion cannot attain PF grades.. I hope I'm mostly correct in this. Your input greatly appreciated as well as all members.

 

Proof is a type of manufacturing...not a grade. So, if a coin is a proof it is graded as a proof...even if it has been circulated. I have seen proof Indian Head Cents graded PF35 because they were circulated. So remember, proof is a type of manufacturing.

So, if the bullion coin was made as a proof...it will only be graded as a proof. I cannot be correctly assigned a MS grade.

 

I've tried to find the source for this information that has been quoted in many articles and blogs, but I've come up empty. The mint's Web site has been of no help to date either. If it is true- and I strongly suspect it is- the 4 piece proof set would immediately become the "Holy Grail" of the young Buffalo series, though the Buffalo's popularity has been the subject of much debate.

The price for the set has been reduced over $220. That is a nice discount, but $2,000 is still a lot of money for most guys to fork over. Tight economic times are going to force many numismatists to concentrate their efforts on more core areas of their collections. It will be interesting to see final production numbers.

I like the Buffalo coins, but basically I think it is a potential crap shoot. If the entire Buffalo series is axed in the next couple of years due to lack of collector interest or in an attempt to reduce the mint's commitments, the smaller proof coins probably won't increase dramatically in collectibility. They would merely represent an extremely short-lived off-shoot in another of the mint's abortive attempts to produce a new series the public desires. If the series continues like the AGE or ASE, you could see a potential nice return on your investment.

Good luck in what ever you decide to do.

 

I dont have the money for anything bigger than the 1/10th ounce and definitely not enough for the 4 piece set so I will probably go and jump on the 1/10th and hopefully make a nice return.

 

The gold $50 buffalo with anf ' F ' on it is a bullion business strike so it must be made for general circulation, correct. Therefore it can never have a PF which was the answer to my question awhile ago. And a PROOF coin can never be graded a MS, CORRECT. That's all I asked and answerted with your help, I hope, correct?? zg

 

Think think think

Who is going to put a $300 buffalo coin into circulation for $50?

Have you ever seen one in circulation? If you have, tell me.

FWIW though, no uncirculated Buffalo is a proof unless it is struck as a proof.


It is FAR from a Business strike though...very far.


Ruben

 

I give up but I got it, Yes I really do. THANK YOU!
Some jerk with a few hundred million might hand some uncircs out and I hope I'm there when he does. MS69's and MS70's too.
Then if he gives away proofs too let the all be PF65's.
some guys place blackjack for $10 grand a pop so it could happen but I'm not waitin' around for it. ha,ha zg
THANKS AGAIN for your patience with me. I'm hardheaded.:hammer:

 

You are correct when you say that business strikes can never be graded "PF" and that proofs can never be graded "MS." But, you're incorrect when you say these business strikes are meant for general circulation. No bullion is meant for general circulation.

The only think that "business strike" and "proof" means is just a type of manufacture. The business strike coins are made by the same process as generally circulated coins...but they are not meant for general circulation. No bullion coin is meant for general circulation. Bullion business strikes are primarily intended for investment purposes and are also heavily collected. They have the same luster and finish as a normal coin. Proof bullion is primarily meant for collectors and not for investment...but neither is meant to be circulated. They have mirror like fields like other proofs. Because business strikes are made by the same manufacturing techniques and normal circulating coins they receive the same "MS" grade designation as circulation coins...even though they are not meant to be circulated. Proof coins, which are made differently are given the "PF" grade designation.

The "F" you speak of is on both the business strike and proof bullion Buffalo's. It is the initial for the designer of the coin, James Fraser. His initial also appears on the original use of the design which was the Buffalo Nickel which was made 1913-1938.

 

Gdjmsp

The Uncirculated W buffalo set began an ended in one year.
Does that in any way make this set special , or just another item that you might some day get your money back on ?

Thanks