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<p>[QUOTE=&quot;rkennedy01, post: 746000, member: 21788&quot;]Today, my wife and I jumped into the gold market for the first time, buying 20 $50 Buffaloes at $1320 apiece. Each coin is an Early Issue MS70 2009 series and is sealed in the original mint package replete with holograph, etc. We bought the coins from a local dealer in Miami with a long history of handling rare coin transactions, including some very public exclusives.</p><p><br /></p><p>My question: Did we do OK? Or did we get ripped-off?</p><p><br /></p><p>I&#039;m pretty sure we did OK since Blanchard and others are selling this same grade coin for $1426 or more. However, I&#039;m still curious to know what others think.</p><p><br /></p><p>FWIW, we purchased the coins as a long-term investment - probably something we&#039;ll hand down to our children in 10-20 years - so rapid turnover is not an issue. Nor is their impact on our portfolio: They make up less than 5% of our overall investments.</p><p><br /></p><p>So...tell me what kind of idiot I was to buy these coins (and join my wife, who wanted to buy in years ago when gold was hovering around $500).</p><p><br /></p><p>RCK[/QUOTE]</p><p><br /></p>

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