MS70 $50 Buffalo's now selling at spot

onlyroosies

I saw several MS70 $50 Gold Buffalo's close on ebay at just a little over spot.
With ebay fees and paypal fees the seller netted less then spot. What gives
here....

Barndog

the coins are bullion wrapped in expensive plastic, they should sell for at/near spot

Cladiator

MS70's from what TPG?

Coxe

<< <i>the coins are bullion wrapped in expensive plastic, they should sell for at/near spot >>



BINGO!

To think of the wasted bytes from all of those GB cheerleading threads we had on here......

Zoins

<< <i>MS70's from what TPG? >>

PCGS at $764.

cullenbryant

it's a great looking coin though, and the bullion wrapped in plastic argument could be applied to most
of the hobby.

Coxe

<< <i>it's a great looking coin though, and the bullion wrapped in plastic argument could be applied to most
of the hobby. >>



True. IMHO, at least half of what is in major plastic has no business being there, modern and classic alike. (Way more than half actually.)

onlyroosies

"MS70's from what TPG?"

NGC

Cladiator

Wow, PCGS and NGC. I'm glad to see they're not adding value. There's hope out there after all.

mackdriver

They have sold for near spot because the label doen't have the infamous FIRST STRIKE on it.

jetpro

Well said. No first strike = no premium.

OPA

<< <i>They have sold for near spot because the label doen't have the infamous FIRST STRIKE on it. >>


Amazing what a "label" will do. Same grade, but sold for $990.00

eBay Link

notwilight

<< <i>

<< <i>They have sold for near spot because the label doen't have the infamous FIRST STRIKE on it. >>

Amazing what a "label" will do. Same grade, but sold for $990.00 eBay Link >>



I'm not selling them on open bid but I've sold several 07FS's lately for $1099 and the matching 06FS's for not much less. it's all in the pop reports. The pop of the 07FS is low for the popularity of this coin. --jerry

jmski52

A perfect example of what happens when the Mint decides to hype too many issues. Musical chairs. Some new issues win, some lose. If there's a market for 200,000 oz. of U.S. gold in coins every year, how will the 200,000 oz. be divided up when there are 16 different issues each year? Or 32 new issues per year? Ultimately, who will even care?

200,000/16 = 12,500

200,000/32 = 6,250

200,000/64 = 3,125

You see the progression? What's rare? What's scarce? It's anybody's guess, and it depends on the Mint. They are gonna lose alot of potential customers once the interest drops off. Problem is, when that happens, the true rarities will surface.

If you have enough money to play with, I guess it's an interesting game. If not, it gets real uninteresting in a hurry.

At least it's still gold.

roadrunner

I'll take a MS61 slabbed $20 Saint that's 80 years old (with a limited mintage and some history) than a piece of bullion.

The fate of most other recent mint bullion products will approach the 0% premium of the MS70 $50 Buffs as gold goes higher. Eventually there will be no premium for lots of bullion gold, possibly for many lower graded saints as well. First Strikes will go into the melting pot next.

roadrunner