2001 buffalo proof!!

Discussion in 'US Coins Forum' started by fretboard, Oct 27, 2009.

  1. fretboard

    fretboard Defender of Old Coinage!

    One of these is on my wish list!!. I went to the coin store yesterday and they have this beautiful 2001 proof buffalo, wish I would have been able to buy it. These coins are simply beautiful!!

    Was anyone lucky enough to get in on the sale of these buffalos? Anyone?
    I'll post a pic but please don't throw any verbal abuse if the pic is small. :D
     

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  3. bama guy

    bama guy Coin Hoarder

    I was not collecting at the time these came out. It is a pity since I would have loaded up on these. One of the few commemorative coins I have seen that the prices have not crashed.

    Agree it is a beautiful coin. May break down and get one later on.
     
  4. furham

    furham Good Ole Boy

    I do happen to own a 2001D Silver Buffalo. Mine isn't proof though. it is slabbed by NGC MS69. What were they asking for it?
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Even when those coins were released not everybody could get one. They were the first modern commems, that I am aware of, that were a sell out. It took 2 days. The mint web site was so overloaded it didn't even work. You had to call them. I bought 3 of each at the release and it took 3 1/2 hours of being on hold to even do that.

    These are the coins that started the, shall we say, modern sell out craze. The coins jumped to over $350 each in a matter of days - raw. Slabbed some examples were selling for over $500.
     
  6. boxerchip

    boxerchip Runnin' Buffalo

    This is one of the most beautiful coins ever made imho. bought 4 pf70s looking for a perfect one (keep getting ones with spots or toning, etc) and finally found it! frostyyyy fields and not a spot on her!
     
  7. boxerchip

    boxerchip Runnin' Buffalo

    You say were as if they no longer are. Recently ive seen prices from 480-690. which is about what I had to pay for all those ones I bought (lucky me I got my money back out of them) but oddly enough the best one of the bunch that I got was a high reserve that never was met so I picked her up for 330$ guy was really desperate to sell it I guess.... shoulda just left it with out a reserve because I had bid over 500! lol :goofer:
     
  8. Robert 29

    Robert 29 Senior Member

    I was alerted about them on another coin forum and fought to get through to the mint!!
    Result was: (5) C&C sets; (5) Proof singles and (5) Proof & Unc. sets I still haven't sold any yet but plan to keep at least 1 of the two coin sets and a C&C set!! There were some complaints by some picky Buffalo experts? They said the Buffalo was too humped up and wasn't a true replica of the original but time has proved them wrong, I believe since the coin is much more at home on the dollar size than on the nickel! (not to take anything away from Frazier's depiction!)
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    I haven't looked at prices for them in years, but I know they dropped to under $200 for either the Proof or the Unc. Saw that with my own eyes.

    Now are you talking about PF70/MS70 being that high or are you saying the 69's are too ?
     
  10. boxerchip

    boxerchip Runnin' Buffalo


    only PF70s are that high, the ms70s are running more around 300s-500s

    Raw coins are doing sub 200s you are correct.
     
  11. furham

    furham Good Ole Boy

    The latest one on Heritage in PR70 sold for $546. The one before that $575.
     
  12. fretboard

    fretboard Defender of Old Coinage!

    At the coin store I went to they were asking $275 and it is a beauty! The owner of the store told me that the proof and the unc go for the same price at his store. I never gave one a second thought but now I want one. They only had a double set until now, so that's really what changed my tune. :hail:

    From what Doug says, their $275 price seems to be fair enough. Now I gotta save or re-route them dollars!! Of course with Xmas coming up I may have to start working on the wife. Dang! I hope she never reads this. :D
     
  13. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    I bought the 2-pc sets. I think the 2-pc set was apx $64 each.
    I hit redial about 60+ times before I got my order in........
    At the time these were "RED HOT"....:eek:
     
  14. FreakyGarrettC

    FreakyGarrettC Wise young snail

    I got one on the secondary market in 2003/4 for $130. I love this coin. :) I also managed to get a 1/10 gold buffalo to go with it. B-E-A-U-T-I-F-U-L design.
     
  15. 900fine

    900fine doggone it people like me

    Gorgeous coins. Always in demand.
     
  16. donnyb

    donnyb Member

    I got the C&C set and two proof 2001 silver Buffalo's, funny though, as many coins I have sent to NGC graded, I have not had the 2001's graded, just loved them like they were.
     
  17. jaceravone

    jaceravone Member

    You can find these raw for around $160 or so. Just the other day, I was bidding on one on ebay and put a bid of $151. The winning bid was $154. This was for the UNC one in the OGP and unopened in the original box that the mint shipped it in. I wouldn't pay more than $160 for either one. Graded....thats a different story....you will always end up paying more for the slab, especially if it a 70.
     
  18. alhas

    alhas Senior Member

    $199.99 for proof at Mint Products, Inc:
    http://www.mintproducts.com/index.asp?PageAction=VIEWPROD&ProdID=439
     
  19. Mojavedave

    Mojavedave Senior Member

    I bought two silver proofs from the Mint at $ 33.00 each + Shipping. Have not slabbed them yet, but they were probably first strikes.
     
  20. Conder101

    Conder101 Numismatist

    But they were also one of the first modern commemoratives to have a low total mintage of 500,000 applied to them. Several of the other earlier modern commem would have also had sellouts if their mintage limits had been that low.

    And it was the 50,000 set coin and currency set that had the super fast sell out, (5 days, not 2) the whole issue mintage took 21 days to sell out the full 500,000.
     
  21. jaceravone

    jaceravone Member

    THis is very, very true and great observation Conder. I would never have thought about that until you mentioned it. I went back and looked at some of the mintages for the early commems and numbers like 2.2 million and 4.9 million for the Washington unc and proof make me cringe. In fact, most of the first 5 years of the commem series saw mintages of 750k or higher. No wonder why the mint got so darn greedy. As my dad would say>>>"Those days are gone kido!" :kewl:
     
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