Buffalo $50 Gold Coin

Anyone notice our little tulip stock market over the last 3 months or so. This market coul get ugly

http://finance.yahoo.com/q/bc?s=^IXIC&t=3m

 

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whats the difference between BU and the proof coins?


sorry if this is very basic - i'm new!

 

Yes , maybe ?

Smallish individual wore glasses ( Big Rims ) stood up real tall. Yea thats him, Im really not sure how he spelled his name then but I would guess it is different after he left the scene with lots of subscription money.
There are only two people I know who have good survival strategy. Peter Lynch who started the Fidelity Magellan Fund ( coin collector ) and wrote the primer of how to avoid a train wreck on the market Called
One up on Wall street. He makes it simple and it works. Louis Reukeyser was well connected and could do a great job of reading between the lines. He passed this last year ( I think he had the last comb over ) No NO !
The Donald is still sporting his.
Peter Lynch made many average guys rich. The fund ran on and on and he finally said he had all the green he ever would need and his family needed him more. He now manages all the funds and assets for The Catholic Church.

Got to make some more coffee
Floyd

 

All,
I just got my BU Buffalos today and they look great. My question is should I leave them in the packaging from the mint (cellophane) or switch them to airtites? I know OGP is big but it looks like the UNC mint sets although it does have US Mint stamped on the outside.

 

no pvc, I'd keep it in orig package

 

thanks for the reply.
which one has a greater chance of increasing in value if gold goes up in price?
are they both independant of each other in terms of appreciation?

 

haha.
ok, let me rephrase.

what are the different factors that cause a coin's value to increase.

 

ok, this may be obvious, but i dont know whether you are a new collector, or not, but here are some of the simple factors....
(not in any specific order)

1: age
2:condition(worn edges or sharp details, still silver or rusted over, etc.)
3:mintage
4roduct(made out out gold, silver, roman bronze, etc.)
5ther special qualities (Carson city mint, proofs, commemoratives, touched or owned by a certain person, etc.)

Im sure i missed a couple, but im sure someone like speedy or cloudweaver will add some more. That was it in a nutshell

 

4RODUCT*(made out OF*.....)

5:OTHER*..............

 

The price of a coin is also affected by marketing and by the elusive "fad" factor. Some coins are more popular than others for no real objective reason. This can change over time.

 

Actually, it is the relationship between two factors that solely determines value:

• The available supply of a specific coin in any given condition, and
• The demand for that coin in that condition.

 

50.00 $ Gold

Reminds me of a friend who had a stack of gold coins. His house burned down and the gold melted.
He never found a trace of his fortune.
As much as I would love to touch and see my gold coins, I keep them in a safty deposit box.
So much for fine art.

Dave

 

Hi Dave-
Checked into the safe deposit box with Bank of America. Got a box for $70 per year (I got the next box above the $40 per year). Fit a bunch of Gold and Silver coins in there. Thanks for bringing it up. Take care.

 

question about buffalo coin packaging

Hi all, I just received my buffalo coin from APMEX today and have a question about the packaging. This is my first gold coin purchase, actually my first coin of any kind.. The coin came sealed in the original mint plastic. However, the mint plastic has a small crack or tear, so the coin is not really sealed. The coin appears to be undamaged, however the crack actually runs along the edge of the coin, and I am not able to tell if the edge of the coin has been scratched or dinged without removing it from the plastic. This is a very small crack, only a fraction of an inch, but I am concerned that it could affect the value of the coin, since the coin really isn't sealed anymore, or that there might be a tiny scratch I can't see. I'm not too concerned if there's a tiny scratch, unless it could reduce the coins value if I ever sell.. Is this anything I should be concerned about? Thanks!

 

Without seeing the coin, I'm going to say that you probably have nothing to be concerned about. I would have removed the coin from the plastic anyway if I were in your position and put it into an airtite or some other better quality storage device. Gold is soft, and the mint plastic is pretty useless as protection over the long run. It's basically a bullion coin and will always sell as a bullion coin [plus perhaps a small premium if it retains popularity] unless you send it to be graded.

 

I would have to agree with Cloud. I have heard that the plastic has PVC. Which is supposedly not a problem if stored correctly. If there is a scratch, I would probably send it back for an exchange.( But you will be out shipping and insurance costs) But at least it will always be worth the bullion value!!

 

Probably be happy you have a piece with Buffalo on it , especially that looks like the Buffalo Nickel. Just look at what happened to the Silver Piece issued a few years ago. You have a major winner!

 

that would **** the heck outta me if my coin was scratched...

but if you are planning on holding on to the coin for a long time anyways, i wouldn't worry about it because the price of gold will cover up that inconvenience....eventually.

cloudsweeper99, i apologize for spelling your name incorrectly in one of my earlier posts, i will call you cloud from now on