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2010 Gold BUffalo 1oz Pre-Sale on Apmex
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<p>[QUOTE="fatima, post: 873886, member: 22143"]I would have assumed that "familiarity" is the very reason that people would stick to AGEs because that familiarity means they can be sold very easily. The AGB isn't a replacement for an AGE as the AGB was meant to appeal to a different sort of buyer, e.g. the buyer looking to purchase a "premium" coin made of pure gold. The Canadian mint had carved out a niche in this market with the Maple and the US Mint decided to get into the action. Plus, the coin itself is a great piece of Americanna with the Buffalo on it. They really are two different markets, maybe complimentary, but not a one for one replacement. </p><p><br /></p><p>I do agree that one need to be careful to distinguish between the bullion version of these coins vs the proof and unc W versions. Personally I think the reason the mint canceled the eagle proof last year is that it simply got caught unprepared for the demand for it's PM coins and had to scramble to catch up. Ironically the bullion version of the buffalo carries a slight numismatic value over the eagle because of the factors I listed above. </p><p><br /></p><p>I have not seen the mintage figures for gold coins this year, but I would be surprised if demand falls from 2009. If anything, demand should be going up due to the events of the world, and the fact the global finance system continues to sling mud all over itself in the eyes of the people.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 873886, member: 22143"]I would have assumed that "familiarity" is the very reason that people would stick to AGEs because that familiarity means they can be sold very easily. The AGB isn't a replacement for an AGE as the AGB was meant to appeal to a different sort of buyer, e.g. the buyer looking to purchase a "premium" coin made of pure gold. The Canadian mint had carved out a niche in this market with the Maple and the US Mint decided to get into the action. Plus, the coin itself is a great piece of Americanna with the Buffalo on it. They really are two different markets, maybe complimentary, but not a one for one replacement. I do agree that one need to be careful to distinguish between the bullion version of these coins vs the proof and unc W versions. Personally I think the reason the mint canceled the eagle proof last year is that it simply got caught unprepared for the demand for it's PM coins and had to scramble to catch up. Ironically the bullion version of the buffalo carries a slight numismatic value over the eagle because of the factors I listed above. I have not seen the mintage figures for gold coins this year, but I would be surprised if demand falls from 2009. If anything, demand should be going up due to the events of the world, and the fact the global finance system continues to sling mud all over itself in the eyes of the people.[/QUOTE]
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2010 Gold BUffalo 1oz Pre-Sale on Apmex
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