Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2010 Gold BUffalo 1oz Pre-Sale on Apmex
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 874168, member: 22143"]Yeah, I am not so sure the US Mint quite understands the market. IMO, the buffalo was introduced more to address having a 24K coin vs why there is a 24K coin market at all. I was basing my comments on the 24 gold coin market vs that of coins made of crown gold, mainly due to how the Canadian mint did position the Maple when it was introduced. They made a big deal out of it being .9999 gold and thus by implication, a better coin than the established common crown gold coins at the time. They even do a .99999 Maple along these same lines. What is really the difference between a .9999 and a .99999 coin?</p><p><br /></p><p>From a practical standpoint, a 24K coin, even a bullion one, is a bit of a contradiction. It costs more to produce and it's so easy to damage which eliminates the purpose for having the gold in coin form in the first place. Yet people gladly buy them including myself.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 874168, member: 22143"]Yeah, I am not so sure the US Mint quite understands the market. IMO, the buffalo was introduced more to address having a 24K coin vs why there is a 24K coin market at all. I was basing my comments on the 24 gold coin market vs that of coins made of crown gold, mainly due to how the Canadian mint did position the Maple when it was introduced. They made a big deal out of it being .9999 gold and thus by implication, a better coin than the established common crown gold coins at the time. They even do a .99999 Maple along these same lines. What is really the difference between a .9999 and a .99999 coin? From a practical standpoint, a 24K coin, even a bullion one, is a bit of a contradiction. It costs more to produce and it's so easy to damage which eliminates the purpose for having the gold in coin form in the first place. Yet people gladly buy them including myself.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2010 Gold BUffalo 1oz Pre-Sale on Apmex
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...