Buffalo $50 Gold Coin

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Time for my .02 cents worth, on the Lincoln cents for a new reverse I would like to see his shack that he was born in or a reference to the civil war with two cannons facing each other.

 

Shipping is 14.95 for orders between $500-1000 and is insured so if you pay by check with the 3 percent discount that would be $588 plus $15 for shipping or $603 also. Sounds like a pretty good deal from your dealer to me.
https://www.apmex.com/faq.asp?orderid=0#shipping

 

I bought one from the mint.

 

I saw several of these coins in person. I was unimpressed, and I have a feeling most of you will be too.

 

That's another great reason to go slow with buying high priced stuff from the mint. I've seen what look like sketches of the coin design, but I'd like to actually see one in person before putting up that kind of money. I can buy a fairly nice $20 liberty or saint for that kind of money, and I'd like to make sure first that it strikes me as a better use of scarce coin cash. But at least it's GOLD!

Disclaimer: Nothing in the above reply is intended to imply or assert that the writer has any sort of esthetic judgement that should be used as the basis for or against the coin purchase by another collector.

 

That is alright, as I never get mad at good friends. But I have been known to get even!:hug:

 

Both of these companies have the Buffalos
and the prices shown below are for a
minimum of a 20 coin purchase.
Would the MS 69 slabs be a better investment
for resale in the future than the mylar packaging ?

http://www.tulving.com/goldbull.html#specials
608.25 - Slabbed First Strike MS 69

http://www.apmex.com/shop/buy/2006_gold_buffalo.asp?orderid=0
613.73 - Mylar package

I believe those were Fridays closing prices.

 

In two years you will get them in a coin shop for a lot less money, just like a lot of U S MINT COINS.:smile

 

I predict that with the ugly color of these coins, they will not be that popular. I could be wrong though. I was really excited until I actually saw them.

 

dead ball

at $800.00 a piece. you sure to be a loser.

 

Such a strange remark from such a precious metals bull.

It's fun to guess about future prices, but don't confuse a correct guess with wisdom. The $800 price tag for the proof coin will look cheap if gold goes over $1000, or expensive if it settles back to $400. Right now it's probably about right for people who enjoy collecting unique high quality mint products with a high intrinsic value compared to the price. To me it makes more sense to pay $800 for a gold coin with $575 of gold in it than to pay $30 for a silver commemorative coin with $10 of silver in it.

 

Almost $300 over the current price of gold, and they're making 300,000. No way.

 

looks like the price of the reg buffalo is around $700 on e-bay
http://search-completed.ebay.com/se...ftrt=1&ftrv=1&saprclo=&saprchi=&so=Show+Items

 

It just came into the market, how can they get it slabbed so fast? And how do TPGs make sure they're first strike?

 

It is easy to see how a $35 silver buffalo can go to $100 + both of those figures are in a sensible range. But a $800 coin going to $1500. No way . the numbers are to big to attract a collector base. Also a $200 premium for a proof is (ah hum) a bit out of line.

 

By creating the definition of first strike themselves! :rolling:

 

exceptional strike, strong strike, call it what you will, but first strike is just dishonest.

 

It seems as though some of you are going to miss out on a "Good Bet".
The new $50 gold coins are going for $800.00 in proof from the mint, not $875.
The mintage of 300,000. is not excesssive concidering the past American Eagle $ 50.00 coin mintages.
Some of these and other gold coins have gone over the 1 million coin mintage.
The thing that some may not have noticed, is that this new Buffalo coin is 99.99 % 24 K gold, whereas the American Eagle coins are designated as 91.67% gold, 3 % silver, and 5.33% copper.
This in itself makes the Buffalo a unigue coin. Not to mention that this is the first, almost solid gold, and maybe the only one perfect gold coin that will be minted in the U.S. in the near future.
I hesitate to say what these proof coins may be worth, if the price of gold should soar and they start melting them down.

Dave - Mojavedave1@msn.com