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<p>[QUOTE="WeirdFishes, post: 1547003, member: 41261"]Yes, I am a newb to the coin collecting world. Early this summer I started buying gold bullion and after talking with my father who has been in the coin world for 52 years he suggested I read and read and read some more and understand how to grade a coin as this is a huge factor obviously. Anyway, after a month or two of investigating and searching I finally pulled the trigger and bought a 2008 American Buffalo $5 1/10 oz .9999 [ATTACH]207410.vB[/ATTACH] old coin, NGC graded MS-70. I just think this coin is a good value considering these facts: 2008 was the only year fractional gold buffalos were produced, as well as the only year BU buffalos were made (17,429 including sets). Additionally the Buffalo was the first .9999 gold coin issued by the mint. So given these factors I went ahead and bought it at what I think is a good deal as I found it at a local coin show and had been eyeing it up all day and as the show was closing and vendors were packing their stuff up I ran up to the vendor and gave him an offer which he quickly declined, but when the cash came out of my wallet and he saw my greenbacks I could see the gears turning in his head and after he hem and hawed for a few minutes he agreed to my offer. So what do you think the value of this coin is? Also does anyone have any thoughts on my reasoning behind purchasing this particular coin. Much thanks![/QUOTE]</p><p><br /></p>
[QUOTE="WeirdFishes, post: 1547003, member: 41261"]Yes, I am a newb to the coin collecting world. Early this summer I started buying gold bullion and after talking with my father who has been in the coin world for 52 years he suggested I read and read and read some more and understand how to grade a coin as this is a huge factor obviously. Anyway, after a month or two of investigating and searching I finally pulled the trigger and bought a 2008 American Buffalo $5 1/10 oz .9999 [ATTACH]207410.vB[/ATTACH] old coin, NGC graded MS-70. I just think this coin is a good value considering these facts: 2008 was the only year fractional gold buffalos were produced, as well as the only year BU buffalos were made (17,429 including sets). Additionally the Buffalo was the first .9999 gold coin issued by the mint. So given these factors I went ahead and bought it at what I think is a good deal as I found it at a local coin show and had been eyeing it up all day and as the show was closing and vendors were packing their stuff up I ran up to the vendor and gave him an offer which he quickly declined, but when the cash came out of my wallet and he saw my greenbacks I could see the gears turning in his head and after he hem and hawed for a few minutes he agreed to my offer. So what do you think the value of this coin is? Also does anyone have any thoughts on my reasoning behind purchasing this particular coin. Much thanks![/QUOTE]
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New to the coin world. Your thoughts on my FIRST purchase.
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