A question about 2001 buffalo silver dollars???

coinfool

I'd like some experienced opinions, especially from those who have experience with modern commemoratives. When I knew absolutely NOTHING about coins (now I just know next to nothing, I went to make a purchase of some silver bullion for purely investment purposes. The salesperson talked me out of the bullion and into purchasing 2 products in its place. The first was a lot of MS64 Binion Peace Dollars, and the second was the buffalo silver dollars (of course I got reamed and spent top dollar for everything).

Here are the Buffalos I have remaining: 13 sets of the DCAM Proof adn UNC. each.; 7 single boxed DCAM Proofs. They are all new, in origina gov't issuedl packing(velvet box, etc) and are in Mint Condition. My question: from a purely investment point of view (as a collector, I will keep one set because I think they are absolutely beautiful), would it be better to sell them, purchasing some other investment, such as silver bullion (it would add up to a whole lot more ounces of silver),or should I keep them in hopes of increasing value. Some I've talked to say that at the current sale price by modern institutions ($375/set, $195/single proof), they have peaked out from their original thirty something price. They did n't believe that a commem with 500,000 coins out there would keep going for lack of rarity (this is where those knowledgeableon commems come in)

What would you do? Sell and reinvest in silver if silver was your aim (silver bullion), or keep with a watch/see attitude? There's always the possibility that they are going down (which I happen to think that they are. Your opinions please? Please forgive the typos. it's late and I fell asleep in the middle of typing and am very tired.

Steve27

"...would it be better to sell them, purchasing some other investment, such as silver bullion...."

I would be shocked if Buffalo comemoratives actually went up in value, but silver bullion is also very high due to the weak dollar. If I were you, I would sell the Buffalos and convert the money into key/semi-key coins.

coinfool

<< <i>"...would it be better to sell them, purchasing some other investment, such as silver bullion...."

I would be shocked if Buffalo comemoratives actually went up in value, but silver bullion is also very high due to the weak dollar. If I were you, I would sell the Buffalos and convert the money into key/semi-key coins. >>



I put this post on the coin forum and it the concensus that they will not go up in price, so I am going to get rid of them and cut my losses.