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Why do 2022 1oz Gold Buffalo's (0.9999) cost the same as 1oz AGE (0.9167)

jessewvujessewvu Posts: 5,063 ✭✭✭✭✭

There is almost 8% more gold in the buffalo... Weird.

Comments

  • blitzdudeblitzdude Posts: 5,297 ✭✭✭✭✭

    Supply vs demand, more $$$ than cents (sense), the list goes on and on. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • tincuptincup Posts: 4,722 ✭✭✭✭✭

    The AGE may be only .9167 % gold, but the total weight of the coin is more... so the end result is one troy ounce of gold. Plus... you get a little bit of silver along with it in the alloy.

    ----- kj
  • tincuptincup Posts: 4,722 ✭✭✭✭✭

    The AGE total weight is 33.93 grams. The total weight of the Gold Buffalo is 31.11 grams. So the both have 1.0 troy ounces of gold.

    ----- kj
  • derrybderryb Posts: 36,031 ✭✭✭✭✭
    edited October 1, 2022 4:58PM

    (e) all of the above

    The decline from democracy to tyranny is both a natural and inevitable one.

  • MetroDMetroD Posts: 1,914 ✭✭✭✭✭

    @tincup said:
    [...] you get a little bit of silver along with it in the alloy.

    @PerryHall said:
    [...] The AGE also has copper alloy added to harden the metal.

    The AGEs are 22-karat gold.


    Source: https://www.usmint.gov/coins/coin-medal-programs/american-eagle/gold-bullion

  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭
    edited October 1, 2022 6:42PM

    Google is my friend.

    how much does an American buffalo gold coin weight: 1.0001 troy ounces

    how much does an American gold eagle weigh: 1.0909 troy ounces

    So I guess given the two being offered at the same price, everyone should go with the AGE! I learned something today.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,760 ✭✭✭✭✭

    I like them both the same. That's probably why they cost the same. They know me.

  • Che_GrapesChe_Grapes Posts: 1,850 ✭✭✭✭✭

    @jessewvu said:
    Google is my friend.

    how much does an American buffalo gold coin weight: 1.0001 troy ounces

    how much does an American gold eagle weigh: 1.0909 troy ounces

    So I guess given the two being offered at the same price, everyone should go with the AGE! I learned something today.

    That’s the problem with Google!!

  • derrybderryb Posts: 36,031 ✭✭✭✭✭

    @Che_Grapes said:

    @jessewvu said:
    Google is my friend.

    how much does an American buffalo gold coin weight: 1.0001 troy ounces

    how much does an American gold eagle weigh: 1.0909 troy ounces

    So I guess given the two being offered at the same price, everyone should go with the AGE! I learned something today.

    That’s the problem with Google!!

    google is 100% correct, they are providing the actual weight of the coin. However as pointed out many times above both coins contain the same 1 oz. of pure gold with the total weight difference being more for the AGE because it contains additional alloys to make the coin harder.

    Gold value for both coins will always be the same.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • EstilEstil Posts: 6,846 ✭✭✭✭

    My guess is that not only do they both have the same amount of gold, but AGE's go all the way back to 1986 like ASE's so there's more history behind it. You know, for people like myself who like to collect all the years/mintmarks they can? Not that I could ever in a million years afford to collect AGEs or other gold coins mind you...I'll have to settle for silver and copper I suppose.

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • derrybderryb Posts: 36,031 ✭✭✭✭✭
    edited October 14, 2022 4:25PM

    @Estil said:
    My guess is that not only do they both have the same amount of gold, but AGE's go all the way back to 1986 like ASE's so there's more history behind it. You know, for people like myself who like to collect all the years/mintmarks they can? Not that I could ever in a million years afford to collect AGEs or other gold coins mind you...I'll have to settle for silver and copper I suppose.

    Have you priced the one year only 2008 W gold buffalo 4-coin sets in both MS & PR? bought, graded and soon sold a number of the unc. sets @$1902 right after they came out. Nice profit but no where near today's prices.

    The Great Gold Planchet US Mint Shortage of 2008 resulted in their being discontinued. They really should bring them back.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • EstilEstil Posts: 6,846 ✭✭✭✭

    @derryb said:

    @Estil said:
    My guess is that not only do they both have the same amount of gold, but AGE's go all the way back to 1986 like ASE's so there's more history behind it. You know, for people like myself who like to collect all the years/mintmarks they can? Not that I could ever in a million years afford to collect AGEs or other gold coins mind you...I'll have to settle for silver and copper I suppose.

    Have you priced the one year only 2008 W gold buffalo 4-coin sets in both MS & PR? bought, graded and soon sold a number of the unc. sets @$1902 right after they came out. Nice profit but no where near today's prices.

    The Great Gold Planchet US Mint Shortage of 2008 resulted in their being discontinued. They really should bring them back.

    And your point is...?

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • derrybderryb Posts: 36,031 ✭✭✭✭✭

    @Estil said:

    @derryb said:

    @Estil said:
    My guess is that not only do they both have the same amount of gold, but AGE's go all the way back to 1986 like ASE's so there's more history behind it. You know, for people like myself who like to collect all the years/mintmarks they can? Not that I could ever in a million years afford to collect AGEs or other gold coins mind you...I'll have to settle for silver and copper I suppose.

    Have you priced the one year only 2008 W gold buffalo 4-coin sets in both MS & PR? bought, graded and soon sold a number of the unc. sets @$1902 right after they came out. Nice profit but no where near today's prices.

    The Great Gold Planchet US Mint Shortage of 2008 resulted in their being discontinued. They really should bring them back.

    And your point is...?

    because you said "people like myself who like to collect all the years/mintmarks they can."

    Point is if you're gonna collect all the years you're gonna need big bucks for the 2008 W sets.

    Get the point? lol

    The decline from democracy to tyranny is both a natural and inevitable one.

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