Ok guys, I am trying to offer advice to my cousin who wants to buy the gold bison, he wants to keep it long term and does not want to sell off anytime soon, What is the better investment, The BS Bison or the Proof, should he get one of each or two BS's? he ascked me and I can not think of an honest anser. As I bought 2 proofs, but now am considering the BS bandito
long term the only real good investment that will come out of them is if gold again goes through the roof. Short term, if the mint sells out quickly and completely, there could be a drastic rise in the market value of these coins for 6 to 12 months then will settle down
I'd say, with the kind of money you are looking to invest in these coins, don't buy either. Buy yourself the nicest '37 three legged buffalo you can find, and wait. It will prove to be the better long term investment.
I have a 37D! But I been thinking of buying another! I might let my cuz get a 37 d then, But from the looks of it not many impressed wit the gold bison!
High grade buffalo or high grade lincoln key-date is your best bet, the new gold bison just is not the way to go .
As investments go, it will go whatever way gold does. If you're collecting rather than investing, just get whichever one you like. I tend to prefer proofs to uncirculated for collector coins, though I presonally think the buffalo nickel design looks better uncirculated than proof. Too shiny and it just takes away from the ruggedness of the design imo, lol. Unlike the 2001 Buffalo dollar, this is not a one time commemorative, it will be minted with this design for at least two years (and which time it can be redesigned or left the way it is). If you're just investing in gold bullion there's better ways to go.
Precious metals are never a good way to make money quickly... their main value is as a long term hedge against inflation. Unless your skillful or lucky enough to capitalize on the short term fluctuations, gold/silver/platinum/palladium etc. aren't the best way to make money. If you want to buy gold as an investment, I'd go with simple gold bullion or uncirculated gold bullion coins. Proofs are really for collectors, not investors. I don't count rarer gold coins here becuase their value is determined more by numismatic interest then their bullion value (though their bullion value establishes a floor for their prices). Investment in them is a lot different than investment in gold itself and is really a whole 'nother topic, lol. This one seems like it will be minted in too great a quanity for its value to make up for the premium abonce its bullion value, at least in the short term... but who knows, if it generates enough interest it may go up quickly... however its high price would kind of limit it as a collection item. Time will tell... I can only make educated guesses, not predict the future, lol... but I'd put this in the "possible, but not very likely" category as a significant short term investment. If you want to get one of these for sake of investment, I'd say the uncirculated is the better bet, since you can get it at less of a premium over bullion value, so it will have less to make up to gain value beyond the premium.
