2008 american buffalo proof and uncirculated gold coins

Discussion in 'Bullion Investing' started by elaine 1970, Jul 21, 2008.

  1. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    1. Low mintages across the board
    2. Very low FIRST STRIKE populations
    3. New FS labels
    4. Only year of issue
    These reasons are why these coins are selling for "MOON MONEY".
    Just watch a few and see what they sell for.........................
    There was a seller that turned down a $800 "best offer" for a $10 PCGS MS70 the other day. I, along with everybody else knows what FIRST STRIKE really means, BUT they continue to bring in BIG $$$$ !!!!!!!!
    Just stating the FACTS.......not my opinion.
     
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  3. 4largecents

    4largecents Goldpan Man

    Chief, You are 100% correct on the FS labels:thumb: I know it's just a $10 label, but people do seem to really love it. Personally, I really do like the new one with the buffalo, but I'm not going to pay the price just to have a label:)
     
  4. elaine 1970

    elaine 1970 material girl

    gold buffaloes mintages:

    uncirculated:
    one ounce - 9,660
    half ounce - 9,829
    1/4 ounce - 10,649
    1/10 ounce - 19,076

    proof:
    one ounce - 19,589
    half ounce - 12,569
    1/4 ounce - 13,902
    1/10 ounce - 19,294
     
  5. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    Elaine I love those #'s !!!

    A 4-pc Uncirculated Set (RAW, still in box) sold for $3800 a few minutes ago on Feebay. Steady rise for 2 weeks now....
    I should have bought some............:headbang:
     
  6. tekhen

    tekhen Member


    $3800...:eek:hya:
    That's great... I hope the sets continue their rise!
     
  7. elaine 1970

    elaine 1970 material girl

    i wonder why the 2008w am buffalo one ounce proof is more expensive than the uncirculated?.
    the mintage stated proof is 50% more than uncirculated.
     
  8. SirCharlie

    SirCharlie Chuck

    elaine ... Do you have any idea if and when we might see the 2009 $50 Buff proof? I have it on mint subscription and was wondering if it will come through this year.
    Order Process Date: 1/21/09
    1. AMERICAN BUFFALO
    GOLD PROOF SUB.-QTY 1 (ME1)
    Qty 1 @ $.00 - In stock.

    I'm also still waiting to see if I'm going to get the prosperity set I ordered:
    Order Process Date: 2/18/09
    Merchandise : 1225.00
    1. 888 PRODUCT - 1/2 OZ
    GOLD UNC AND AE BUF (BA4)
    Qty 1 @ $1225.00 - Backordered
    03/05/09.
    When I asked about the 888 I got the standard response...it shows to be in process, but also shows backorder status.
    I'm just in a holding pattern on everything.
     
  9. elaine 1970

    elaine 1970 material girl

    to SirCharlie: i think it will be the second half of this year.
     
  10. jaceravone

    jaceravone Member

    You know the value of a coin is not just based on mintage but demand as well. Early on when I was trying to determine values of my coins, I was going through the same issues..... "why is this coin worth more with a higher minage than this other coin"? GD, Hobo and others drilled it into my head that there are many factors that determine the value of a coin, with mintages and demand being two of the top factors. Take for example the 2001 Buffalo silver dollars. There were 500,000 minted for the series with over 200,000 minted for each the proof and unc. Try to find one of these for less than $125. Then there are other modern comm silver dollars (and since I am at work, I can't provide a specific example) that have a lower mintage but are worth half. Supply and demand.
     
  11. ikas

    ikas Junior Member

    Any experience with "bleeding" on the surface in gold buffalos? Effects on numismatic values?
    Thanks
     
  12. elaine 1970

    elaine 1970 material girl

    final mintages:

    2008w american eagle unc gold sales figures:
    one ounce- 12,317
    half ounce - 16,126
    1/4 ounce - 9,200 (lowest of all am eagle gold proof & unc series since 1986).
    1/10 ounce - 13,376

    2008w american eagle proof gold sales figures:
    one ounce - 29,399
    half ounce - 27,864
    1/4 ounce - 28,601
    1/10 ounce - 29,155

    2008w american buffalo unc gold sales figures:
    one ounce - 9,427
    half ounce - 17,351
    1/4 ounce - 10,420
    1/10 ounce - 18,847

    2008w american buffalo proof gold sales figures:
    one ounce - 19,591
    half ounce - 12,569
    1/4 ounce - 13,903
    1/10 ounce - 19,294
     
  13. elaine 1970

    elaine 1970 material girl

    will 2009w american buffaloes proof one ounce gold coin come soon?. let's pray......
     
  14. ikas

    ikas Junior Member

    so what's with the buffalos?... one of the most beautiful us coins
     
  15. jaceravone

    jaceravone Member

    Still waiting! Supposed to come out later on this year in 1 oz only. Proof definitely, but bullion I don't know. No uncs or fractionals this year. :(
     
  16. SirCharlie

    SirCharlie Chuck

    No more subscriptions for the Buffalo gold. Got an email from the Mint.

    We are contacting you regarding your American Buffalo Gold Proof Coin subscription order. Effective January 12, 2009, the United States Mint implemented a new policy for the pricing of gold and platinum coins. Under this policy, pricing may vary weekly dependent upon the London Bullion Market Association’s weekly average price for precious metals. Due to these pricing fluctuations, we can no longer set standard subscription prices for this product. As a result, the American Buffalo One Ounce Gold Proof Coin will no longer be offered under the online subscription program.
    You will soon receive another communication confirming the cancellation of your American Buffalo Gold Proof Coin subscription order. To ensure continuation of your American Buffalo Gold Proof Coin collection, you may purchase them through our online catalog or by telephone at 1-800-USA-MINT (872-6468), when they become available for sale.
    The on-sale date for the 2009 American Buffalo Gold Proof Coin has not yet been determined.
     
  17. ikas

    ikas Junior Member

    any news on the proof gold buffalo for 2009?
    how's the mint's gold planchet supply?
    should the mint decide to end production of the buffalo, will that drive the existing buffalo values up?
    why isn't the mint more transparent in their operations?
    keep on rocking
    thanks
     
  18. elaine 1970

    elaine 1970 material girl

    the mint will certainly release its only buffalo proof one ounce gold this year. even other eagle series. now is only May.
     
  19. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    :hail::hail::hail::hail: BRING 'EM ON !!!!! :hail::hail::hail::hail:
     
  20. elaine 1970

    elaine 1970 material girl

    if the american buffalo one ounce proof gold $50.00 does come out second half of the year. the price of gold might be very high during that time. how are still buying it?. remember the premium for bullion gold is down right now. but the u.s. mint still selling at very high premium. collectors might shift to buy bullion instead.
     
  21. elaine 1970

    elaine 1970 material girl

    one more thing. the 2008w am eagle 1/2 ounce unc gold price is higher than the 2008w am buffalo 1/2 ounce unc gold right now.
     
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