American Buffalo 2021 One Ounce Gold Proof Coin

Good looking coin, though almost a $1k premium. We all know the silver they have is all over priced & its better to wait a few years and get them on ebay, though who has experience with their gold proof offerings & if they hold their value, as i have never purchased any...

https://catalog.usmint.gov/american...rketing&cm_mmca2=Active&cm_mmca3=21EL&cc=PREC

 

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Yes, they're nuts! They're being sold on ebay for close to $700 less, check out the link!!

https://www.ebay.com/itm/303849491512?hash=item46bed74c38:g:Rq0AAOSwmENgAnxz

 

The Mint is selling the proof. Those on eBay are the uncirculated bullion coins, though I think a $700 difference is taking it a bit far.

 

I was fortunate enough to by a 2006 Buffalo proof for $800 +4.95 postage from the USMint. It seemed expensive to me but the coin appealed to me. I'm happy to own one.

 

You're right, I didn't notice that but still, crazy mark up for sure!!

 

About three or so years ago, a dealer found the 2006 proof for me at a coin show. We thought long and hard before deciding to get it: at $1550. Go see what dealers are asking now, provided you can find one. The latest gold craze has snatched them up.

 

I got one the first year it came out (2006) for about $800 bucks as I recall. I see it on ebay for around $2250. I wonder why the mint is selling this years for $2700 ?

 

Because they can, of course.

Frankly, I'm surprised they aren't higher. Raise the price even further, and even more collectors will give up -- and then, when they sell a record low number, you'll have a new key date, and even more market excitement for the next issue!

 

Why pay those ridiculous premiums for a
graded bullion coin, that’s beyond nuts !

 

Because it’s no longer bullion, it’s a numismatic collectible.

 

why grade any bullion coin?

 

To create a false market

 

There is no advantage to grading a bullion
coin, since they come out of the mint B/U
who cares what grade it is !

 

A lot of people do for some reason.

 

They don't all come out MS70, and they don't all get handled properly once they leave the mint.

I don't care what grade a bullion coin is. But most people don't care what grade pocket change is in, either.

 

I ordered one of the proof ones when they first came out. Received it and was disappointed on how it looked. I like the mirror like finish, the Buffalo doesn't have that, so I returned it to the mint.

 

Good response!

 

Not a bad looking coin, but I'd rather spend the same amount on a quality ancient coin or high grade US type coin.

 

I have the gold Kennedy but it is only 3/4 oz.

 

I got the 2016 Proof Gold Buffalo coin. It is beautiful. I keep it in it's box and I take it out every once in a while. My favorite set is the 2016 Gold Mercury coin, the Standing Liberty gold coin, and the Walking Liberty Gold Coin. I don't have a lot of gold coins, but the ones I got when I first started collecting, I got help from a local dealer. The only thing I bought when I first started, was the 2009 Ultra High Relief Double Eagle Gold Coin. It had all of the shipping boxes that came with the coin from the mint. The box is beautiful, but the slab was too big to put in it. Anyway, the guy that bought it from the Mint sent it into PCGS and it came back MS-68. He was so miffed, that he just about gave it away. I don't know what the PCGS grade of MS-68 goes for now. I think I paid about $1,300 for it. I may have to go back to the dealer to see if he has a record. I won't ever sell it. I bought a 1895 $10 Liberty that came back MS-61 and a 1904 $20 Liberty. On the invoice, he put MS-61 for both of them. I was pleased, until they came back. The $10 Liberty was OK. I paid $675 for it. I paid $1,275 for the $20 Liberty. It came back UNC Details - Obverse Scratched. I don't think I will sell any of my gold.
Anyway, thanks to all of you for teaching me alot about collecting. I shouldn't have started collecting until I read the Red Book and some others, especially about gold coins, Morgans and other books that I bought after my initial sticker shock about gold.