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<p>[QUOTE="Numismatist47, post: 919175, member: 24577"]I was at the coin exchange the other day, where I get a lot of deals on proofs. Anyway the girl there is quite new and learning about coins. This guy walks in and wants to sell her his AGB proof. </p><p> </p><p>He pulls the coin out of his bag and shows it to her. She's looking it over and he's telling her about the coin. "This is a 2010 American Gold BUffalo Proof. As you can see it is real gold." </p><p> </p><p>So she's looking at it with the loupe and is about to make him an offer on the coin. I ask if I can look at it and the guy says sure, go ahead. So I take the coin and look it over and notice many things wrong with it right off the bat. Number 1 was 2010. The Mint hasn't made or released any 2010 AGBs. The second is no mm W, and the intitial F is missing. So I ask the guy, "How come the designer's initial isn't on the obverse?" He tells me it's a rare mint error and he hopes to get $1500 above going price of a gold. I said, "Really?" He says it's worth the premium because of the error. </p><p> </p><p>So I go about my business of browsing, and hear the girl offer him $1650 for the coin.</p><p> </p><p>Because I love shopping there, I call the girl down the counter where I'm looking at the silver eagle bullions and inform her that the Mint has not made, or even released, 2010 AGB proofs yet. I tell her the coin that guy wants for $1500 over gold spot is worth only about $3-$5 as it's the cheap copy that was being advertised a year ago on t.v. for $19.95, and it definitely isn't a proof by the Mint's standards.[/QUOTE]</p><p><br /></p>
[QUOTE="Numismatist47, post: 919175, member: 24577"]I was at the coin exchange the other day, where I get a lot of deals on proofs. Anyway the girl there is quite new and learning about coins. This guy walks in and wants to sell her his AGB proof. He pulls the coin out of his bag and shows it to her. She's looking it over and he's telling her about the coin. "This is a 2010 American Gold BUffalo Proof. As you can see it is real gold." So she's looking at it with the loupe and is about to make him an offer on the coin. I ask if I can look at it and the guy says sure, go ahead. So I take the coin and look it over and notice many things wrong with it right off the bat. Number 1 was 2010. The Mint hasn't made or released any 2010 AGBs. The second is no mm W, and the intitial F is missing. So I ask the guy, "How come the designer's initial isn't on the obverse?" He tells me it's a rare mint error and he hopes to get $1500 above going price of a gold. I said, "Really?" He says it's worth the premium because of the error. So I go about my business of browsing, and hear the girl offer him $1650 for the coin. Because I love shopping there, I call the girl down the counter where I'm looking at the silver eagle bullions and inform her that the Mint has not made, or even released, 2010 AGB proofs yet. I tell her the coin that guy wants for $1500 over gold spot is worth only about $3-$5 as it's the cheap copy that was being advertised a year ago on t.v. for $19.95, and it definitely isn't a proof by the Mint's standards.[/QUOTE]
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