I'm sure the mint will drop their prices on all gold products since gold prices are dropping again (LoL).
Before you post unwitty remarks like that, I prefer you to check the data at http://www.kitco.com to see how violatiable the price of gold is for the past few months.
Perhaps it'll bounce off that 200 day moving average again. It's not far from it now. http://quotes.ino.com/chart/?s=FOREX_XAUUSDO&v=dmax&w=1&t=l&a=200
It's unlikely that they will change it considering that Gold was around $585 on June 22. However, I have noticed that dealers have lowered the prices on certain MS grades for common date pre-1933 gold coins.
Speedy, I have been out of town and just now saw your response to my post. I have no idea as to what price the Mint bought any of their raw materials for their coins and thus their ultimate profit margins. My guess is that very few people in this chat room know either. I see where the Mint is losing money on producing circulating coins, but have not researched to see how they are faring on their collector coins. Many people on many differenct threads have voiced their displeasure with the Mint's pricing, but I think they have the right to voice their opinions. Sorry you took it so personal. Dragon
Soeedy, You are right. The post was from GXSERIES. Must have ready one of yours and had you on my mind. I should have looked back at the original posting. Please accept my humble apology Dragon
I hope the value goes down a little. Sorry, not saying this to be mean or anything to current gold-collectors, but I'd like to start a little gold coin collection or even other types of gold bullion - and it's better for a starter when the prices are lower.
ND86 Where did you find that 204K Buffalo Proofs were sold? Mint Customer Service does not give that information and the US Mint Web site does not provide the running total of Buffalo Proofs sold information either. Please provide your souce for the above information. Thanks! Al
239K gold Buffalos thru August 11th http://www.usmint.gov/mint_programs/buffalo24k/index.cfm?action=Body Oops, that's *bullion* Buffalos...never mind.
Just yesterday it bounced between $620-628...finally settling at $625...it's NOT going down significantly any time soon.
It's looking like a good buying op is presenting itself. Any speculation on how low it can go before it has to bump back up? I'm thinking 550 is the bounce floor.
Sales of Buffalo 24K proofs The sales figures posted on the US Mint web site (http://www.usmint.gov/mint_programs/buffalo24k/) says the figures are for bullion coins, not proofs. Why would the mint keep proof sales secret and why would someone on this forum be reluctant to share a source of information? As an academician and scientist, I do not trust any information that isn't referenced to an independently verifiable source.
The mint does not keep the info secret, they just don't publish it on their web site. As was stated, they release weekly updates to the coin mags. As to why someone may choose not to reveal their source of info - who cares if they do or not ? All that really matters is that they share the info. And if the info they share proves to be reliable by later confirmation from other sources - then I'd just say thanks and leave it at that
When I'm looking for information, I'd like to know whether it's credible or not when I find it. I don't have time to file it away in hopes that it may prove to be credible at a later time. If someone tells me where to find the sales figures myself, I'll thank them a lot for that.
Are the production limits for gold buffalo coins 300,000 for the bullion and 300,000 the proofs? A total of 600,000 gold coins. Is there a price difference between the two considering that both coins contain 1 oz. of gold? And how will the future fluctuation in gold prices affect how many coins get melted away? I guess what I'm really wondering is what is likely to be the future of this coin. Care to speculate? If gold shot up to $2000, I bet many people would sell, sell, sell.
glad that I am able to buy what I can from the mint directly before all those dealers and middle men get there hands on it and run the prices up. Not all manufactoring places allow you to buy directly from them.
Thanks to both of you for pointing me in the right direction. I get Coin World. Is there a regular place those figures are presented? There have been occasional articles about sales figures or a particular issue selling out, but I haven't found Buffalo gold proof sales figures. Another discussion board said the sales figures on the mint site are for proofs, but the site says they are for bullion coins.
