Advice on buying second-hand 2009 Buffalo Gold?

Discussion in 'US Coins Forum' started by dreadthenight, Apr 7, 2010.

  1. dreadthenight

    dreadthenight Junior Member

    I wasn't paying attention to emails from the Mint, missed the notice about Buffalo subscriptions being cancelled, and then the 2009 Buffalo sold out before I got on the Mint's website. I did some quick browsing online and found a source for second-hand 2009 Buffalos, but they don't come with a box or papers. This makes me uncomfortable when buying such a valuable coin... any thoughts on this? Should I keep looking until I find an online vendor with a good reputation that does have the box and papers?

    Thanks for the advice!
     
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Always buy with all the original packaging!! Especially on these, Wouldnt even
    Consider buying the coin by itself !
     
  4. krispy

    krispy krispy

    What dealer were you looking at? Hard to say if you don;t know but there are plenty of places you can buy them still, like Apmex:
    2009 (1 oz PROOF) Gold Buffalo - w/ Box & COA,
    or MCM, MintProducts, Golden Eagle Coins ...

    Of course some of those links only sell TPG graded coins but you can buy the empty boxes off eBay if you need those, even crack the coin out of the slab and put it back in the OGP from the Mint if that's what you choose to do with it.

    Obviously, there are more reputable dealers out there than I linked to above and now that the 2009 Proof AGB coin is no longer offered by the US Mint you find that prices are going to be different, so do some shopping around if you have a budget to mind in your purchase.

    Good luck to you... post a pic of the coin here once you buy one! I'm sure you can still get hold of a nice example.:thumb:
     
  5. krispy

    krispy krispy

    Not always Rusty... but for the OP, always buy from a reputable dealer or seller whom you can trust and try to buy at the best possible price you can find for your budget. Also, you can usually buy with assurance, if following the first caveat should you opt to buy a coin graded by a TPG, which does not come with the OGP.
     
  6. Numismatist47

    Numismatist47 New Member

    I would go to a local dealer who is reputable to look for 09 Buffalos. Never buy gold coins, that are US Mint produced and issued, with the COA and original packaging, unless you find one that's been slabbed by 1 of the top 3 TPGs, PCGS, ANACS, NGC.
     
  7. krispy

    krispy krispy


    "Never say never..."
    You can buy raw coins safely from reputable dealers online or directly from the US Mint... You do not have to buy them TPG slabbed unless you want them that way or in a particular grade. There are even issues with buying slabbed coins so don't assume that because its in a slab it's 100% authentic, the seller, if questionable or of ill repute, could be selling fakes in real slabs or fake slabs... you always have to keep your guard up and watch for generalized statements like these.
     
  8. Fifty

    Fifty Master Roll Searcher

  9. krispy

    krispy krispy

    Yes, Proof coins come with a COA and a presentation box.

    The Apmex link was provided in post #3 to the 2009-W Proof AGB.

    The Unc versions do not have COA and a presention box. Dealers sell unc coins raw (often in a flip) or in a TPG slab. The slab also indicates what version the coin is, proof or mint state (unc.)
     
  10. Numismatist47

    Numismatist47 New Member

    The mint is sold out of the 09 Buffalos. When I read this post I went and checked and there are no more apparantely.

    American Buffalo 24K Gold Coins [​IMG]American Buffalo One Ounce Gold Proof Coins are collector versions of the official United States Mint American Buffalo Gold Bullion Coins. Each coin contains one ounce of .9999 fine, 24-karat gold and is presented in an elegant hardwood box with a matte finish and a faux leather inset, and is accompanied by a certificate of authenticity signed by the Director of the United States Mint.
    American Buffalo One Ounce Gold Proof Coins will be offered in 2010. The on sale date has not yet been determined.


    http://catalog.usmint.gov/webapp/wc...storeId=10001&catalogId=10001&identifier=0500
     
  11. krispy

    krispy krispy

  12. Tom B

    Tom B TomB Everywhere Else

    You are fortunate enough that this issue is common enough that it should be fairly easy to find in orignal mint capsule and box and with papers. I would buy one with all the packaging included if I were interested and would expect to pay right around what the US Mint had been selling them for just prior to being sold out. Further down the line they may still track the price of gold plus their built in premium, but if the price of gold goes up then you will be out of pocket even more.
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"


    If the original packaging is supposed to be there in the first place, Then
    Why buy it, Without it!! In a word authenticity!! would never consider
    Purchase with out knowing its real, Its just common sense :secret:
     
  14. coinsider007

    coinsider007 gold digger

    apmex still have them.
     
  15. rugrats2001

    rugrats2001 Seeker of Truth

    Isn't it a lot easier to fake the certificate than the coin? And how do you know if you have a real certificate coupled with a good fake coin?
     
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