2022-W $50 Gold Buffalo U.S.Mint Price Reduction
Rwjohn
Posts: 12 ✭
Just noticed the price has dropped from $2,790 to $2,740, a fifty dollar reduction. I’m assuming it has to do with the drop in the price of gold on the open market.
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Comments
Correct.
Link
See the second-to-last paragraph for details.
Edited for clarity.
What goes up quite often comes down. I hate it when that happens.
The percentage of premium above spot is the swift Buffalo kick in the lower region.
Regardless of the moving cost from the Mint.
Doesn't matter on these Proof Buffalo coins. The premium seems to always be retained in the resale market.
US Mint retail products are not intended for the precious metals investor who wants as many ounces for their dollar as possible. They are a of course, a nice collectible which for the most part retain their value and several years have attained very nice premiums above what they sold for even after adjusting for changes in spot price.
http://ProofCollection.Net
Price reductions from the Mint are always welcome
. Looking at the geo-economics, I think the current slight dip in PM's may not last. However, my crystal ball is more like an 8 ball - black and solid. 
So definitely consult other sources for your decisions. 
Cheers, RickO
Uh, I was hoping for a 500 dollar reduction, LOL.
Well, just Love coins, period.
$50? HA!
I bought the Palladium coin last year when it came out. If I waited a while I coulda saved hundreds!!!