I have a 2006 gold buffalo from the mint that has strange red spots on it. They have developed over time since I didn't see them when I got it. If it wasn't gold I'd say it looks like corrosion. Anyone seen anything like this. I tried to take a picture but, my camera can't focus that close. Will the mint replace it after a year? It seems to me that something like a fingerprint wouldn't show up for some time after their 30 day return policy. Thanks.
the strange red spots are from the oil, it was covered in a coin world last year, and the mint could give a poo, they've already got your money.
A picture of the worst of the spots Here is a picture of the worst of the spots. Most of the spots are smaller with just the red color of the edge of this shot.
bullion coins, should be struck for that purpose, not purchased at a huge premium, thats why I haven't touched the buffs yet.
But there are very few people who believe that. To the vast majority of the people who buy them - they are worth the bullion value and that's it.
The buffalo in question is a proof coin I'm not sure I understand the bullion comments. This coin was a proof version and did have a large premium over spot gold prices.
I can't speak for the others, but what I was trying to tell you is that the vast majority of coin collectors consider the ASE, AGE, APE and Buffalo coins - in Proof or business strike - to be nothing more than bullion. That they do not have any numismatic value and likely never will. Yes I am well aware that there are those who feel differently about these coins and that they do believe the coins do have numismatic value. But that group of people is actually quite small and comprises only a small percentage of the coin collector community.
This is true, particularly when you take into account the huge percentage of the coins that are available in very high grades. I still like the ASE a lot and it's the only modern coin I'm currently collecting. It's a large, great looking coin, but it will probably take over 100 years to develop a significant numismatic premium over the silver content. This isn't a big problem for me -- I just like them and as far as I'm concerned, the modest price is more of a benefit than detriment. I don't bother with the proof coins. The premium seems too high. The proof coins will probably always be worth more than the uncirculated, but perhaps not by as much as people think.
