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2007 American Buffalo GONE
MilesWaits
Posts: 5,565 ✭✭✭✭✭
Glad I ordered a few yessterday........
2007 American Buffalo Gold Proof One Ounce Coin (BA7)
Price: $899.95 More Info.
Product is not available.
Miles
Now riding the swell in PM's and surf.
0
Comments
<< <i>They will probably be back ... Just a little higher $$$.
They might be better off melting them for the 2008. The new material is too expensive now.
<< <i>They are done, stick a fork in them. The new year has begun so get ready for a new wave. 2007 Plat-Ws are still a little less than 5% over spot though.
I think I agree with you. The Mint is not stating they were pulled to reprice like they did with the burnished 'W' AGE's. We may have the key to the Buffalo series. Congratulations to those that pulled the trigger
<< <i>
<< <i>They are done, stick a fork in them. The new year has begun so get ready for a new wave. 2007 Plat-Ws are still a little less than 5% over spot though.
I think I agree with you. The Mint is not stating they were pulled to reprice like they did with the burnished 'W' AGE's. We may have the key to the Buffalo series. Congratulations to those that pulled the trigger
Also when you compare all of the PR70's in 2006 to 2007, 2007 is miniscule.
Unfortunately the 2006 PR70's are still selling at a higher premium.
We'll see what happens. How long before these pick up in value if they are really the "key" to the series? Days, months, years, decades???
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>I ordered 10 this morning, with an expected ship date of 1-18-07. So on the 17th, I'll either be really happy, or canceling an order.... >>
What would make you really happy?
<< <i>I ordered 10 this morning, with an expected ship date of 1-18-07. So on the 17th, I'll either be really happy, or canceling an order.... >>
Nice way to look at it. You might even be able to change the shipping address right to a dealer that is paying a premium on that date.
<< <i>I ordered 10 this morning, with an expected ship date of 1-18-07. So on the 17th, I'll either be really happy, or canceling an order.... >>
Don't be surprised if the mint cancells your order.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Latest Pop reports from PCGS
I was one of the "dumb" ones to start a registry set of unc and proof buffalos, guess I wasn't so stupid after all! I wonder if the US Mint will lower the mintage to 100,000 or less in 2008 since neither 2006 or 2007 have seen strong demand.
<< <i>how in the world could they sell 42k in a week if they only sold 58k in almost a year?
I was one of the "dumb" ones to start a registry set of unc and proof buffalos, guess I wasn't so stupid after all! I wonder if the US Mint will lower the mintage to 100,000 or less in 2008 since neither 2006 or 2007 have seen strong demand. >>
The Mint sold 250,000 2006-W Proof gold Buffalo's in 2006. Last year they lowered the maximum mintage of the 2007-W Proof Buffalo to 200,000. The 1oz bullion (non- 'W') Buffalo out sells the bullion AGE by 2:1. It is a very poupular coin due to it's pure gold content. With the price of the Proof Buffalo costing less to purchase than the bullion issue, I am sure many thousands were sold prior to being pulled by the Mint.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The Madison Gold Spouse continues to sell for more than her predecessors, seemingly influenced by the intial price set by the Mint.
Miles
My guess is $949
<< <i>Any speculations on the 08' Proof Buffalo Price?
My guess is $949 >>
The monthly average spot price of gold from January 2007 - May 2007 was $660/oz. When introduced in May of 2007, the 2007-W Buffalo Proof was priced at $825.95, $166 dollars more than average spot price. Assuming an average spot price of $875, the 2008-W 1oz Proof Buffalo should be priced around $1,025.
-------------------------
My current eBay Auctions - None Now""
Might the future read: My current eBay Auctions - Some Buffalos Soon??
Congrats!
Miles
Do I:
A. Send the whole lot to PCGS for grading and pray for 70s?
B. Sell them as they are on eBay?
C. Send them back to the mint after Gold drops in 3 weeks to $750/oz?
<< <i>If by chance I do get them, AND the mint really has stopped selling them for the year.
Do I:
A. Send the whole lot to PCGS for grading and pray for 70s?
B. Sell them as they are on eBay?
C. Send them back to the mint after Gold drops in 3 weeks to $750/oz? >>
That depends on your grading skill. I would not just send all of them to PCGS at this point, maybe just the ones that look the best and see how it plays out first. Then you have an objective answer as what you need to do with the rest. If they are done for the year, it may turn out the current pricing on a PR70 is a bargain.
A: Good idea for the long-haul with the strength and posssibility of 70's
B: You get the Quick Fix depending on the timing of the Mint's shipped date
C: Isn't it great that this is an option!! The Mint's Futures Market, unlike the CBOT, is a little less risky.
Miles
<< <i>If by chance I do get them, AND the mint really has stopped selling them for the year.
Do I:
A. Send the whole lot to PCGS for grading and pray for 70s?
B. Sell them as they are on eBay?
C. Send them back to the mint after Gold drops in 3 weeks to $750/oz? >>
If they are not 70's then you have the $18 grading fee plus shipping both ways. If you get 1 70 then you might make a couple $$. Last I checked less than 10% were grading 70.
Your best bet would probably be to sell them to a dealer buying at $925 if gold goes up another $25 by the time you get them.
<< <i>
<< <i>If by chance I do get them, AND the mint really has stopped selling them for the year.
Do I:
A. Send the whole lot to PCGS for grading and pray for 70s?
B. Sell them as they are on eBay?
C. Send them back to the mint after Gold drops in 3 weeks to $750/oz? >>
If they are not 70's then you have the $18 grading fee plus shipping both ways. If you get 1 70 then you might make a couple $$. Last I checked less than 10% were grading 70.
Your best bet would probably be to sell them to a dealer buying at $925 if gold goes up another $25 by the time you get them. >>
Do I hear Wondercoin
U.S. Mint Link
<< <i>
<< <i>
<< <i>If by chance I do get them, AND the mint really has stopped selling them for the year.
Do I:
A. Send the whole lot to PCGS for grading and pray for 70s?
B. Sell them as they are on eBay?
C. Send them back to the mint after Gold drops in 3 weeks to $750/oz? >>
If they are not 70's then you have the $18 grading fee plus shipping both ways. If you get 1 70 then you might make a couple $$. Last I checked less than 10% were grading 70.
Your best bet would probably be to sell them to a dealer buying at $925 if gold goes up another $25 by the time you get them. >>
Do I hear Wondercoin
I was going to suggest that but the deal there is he gets half of the profits on the 70's, he has the ability to re-submit quickly if he thinks there is 70 potential and I have used his services with some luck.
What the heck, can't hurt, If you want to maximize your potential contact Mitch at wondercoin.com. He's a great guy and might be able to help.
<< <i>Is the sell-out official when it hits this list?????
U.S. Mint Link >>
Probably. I don't see the 2007 gold buffalo on that though. They have the 2006 listed.
good luck with makin' a buck, sometime in the future.
be ready to return them w/in 30 days of SHIPMENT, so all you guys with PO boxes don't think it's 30 days from the time you get to your "box of hope"....
<< <i>i looked at this yseterday and just decided to pass.
good luck with makin' a buck, sometime in the future.
be ready to return them w/in 30 days of SHIPMENT, so all you guys with PO boxes don't think it's 30 days from the time you get to your "box of hope"....
IMO, it's too early to tell since alot depends on wether they will be repriced or not. We should hear more about the sell out in the next week or so. If they are done, things could definetly get interesting. By then gold could also be close to the price we paid for the Buffalo from the Mint
So, I broke down and bought a PCGS graded MS70FS on eBay because of this thread and FLBuff's Pop Report.
Cost me $1600.
Was I smart?....seller does offer a 7 day return and has 100% positive feedback with 1276 member response????
<< <i>I missed out on this 2007-W Mint issue.
So, I broke down and bought a PCGS graded MS70FS on eBay because of this thread and FLBuff's Pop Report.
Cost me $1600.
Was I smart?....seller does offer a 7 day return and has 100% positive feedback with 1276 member response???? >>
The MS is not the Buffalo the Mint sells to collectors, that is the Bullion coin.
To me, unless it is listed on that Page, EXPECT THE 2007 W UNC GOLD to return.
It could be like the 2007 W Unc Silver, shortage of Packaging with the Supplier.
That was the reason they were pulled.
<< <i>I missed out on this 2007-W Mint issue. So, I broke down and bought a PCGS graded MS70FS on eBay because of this thread and FLBuff's Pop Report. Cost me $1600. Was I smart?....seller does offer a 7 day return and has 100% positive feedback with 1276 member response???? >>
That seller is A-OK. He'll take care of you.
Sorry 'bout that.
I seem to buy a lot more Uncs than proofs.
Soooo, is that one OK???
<< <i>
<< <i>I missed out on this 2007-W Mint issue. So, I broke down and bought a PCGS graded MS70FS on eBay because of this thread and FLBuff's Pop Report. Cost me $1600. Was I smart?....seller does offer a 7 day return and has 100% positive feedback with 1276 member response???? >>
The MS is not the Buffalo the Mint sells to collectors, that is the Bullion coin. >>
He Meant PR70DCAM FS. --Jerry
You know the seller do you???
<< <i>Oooops, big mistake in my reporting....I bought a 2007-W PCGS PR70 DCAM First Strike $50 American Gold Buffalo.
Sorry 'bout that.
I seem to buy a lot more Uncs than proofs.
Soooo, is that one OK??? >>
Even though the 2006-W Buffalo First StrikeSM PR70 population is lower than the 2007-W. If the 2007-W is done for the year and has a sub 100,000 minatge, I would say you made a good buy. The 2006-W First StrikeSM PR70 sells for around ~$2,100 despite having a mintage of 250,000.
<< <i>
<< <i>Oooops, big mistake in my reporting....I bought a 2007-W PCGS PR70 DCAM First Strike $50 American Gold Buffalo.
Sorry 'bout that.
I seem to buy a lot more Uncs than proofs.
Soooo, is that one OK??? >>
Even though the 2006-W Buffalo First StrikeSM PR70 population is lower than the 2007-W. If the 2007-W is done for the year and has a sub 100,000 minatge, I would say you made a good buy. The 2006-W First StrikeSM PR70 sells for around ~$2,100 despite having a mintage of 250,000. >>
Now look at the total population for PR70's
2006 is 1901
2007 is only 493
2007 has serious potential.
Mike C
mclark202@insightbb.com
Positive BST references: Weather11am, Mrmom, Metalsman, GAB, Mash, FishyOne, Cone10, Keepdachange, etc...
<< <i>I looked at them yesterday, and I looked at them today, and couldn't push myself to spend $900 on a coin. I felt like I was paying too much when I spent $850 on a proof PCGS PR69DCAM Buff, but sucked it up and paid it. Heck, I felt like I overpaid last summer when I paid $740 for a 1 ounce Lunar Snake
Mike C >>
That's a pretty nice stash.
<< <i>
Now look at the total population for PR70's
2006 is 1901
2007 is only 493
2007 has serious potential. >>
And if ~80,000 were sold it would have less than 1/3 of the mintage of the 2006-W
<< <i>
<< <i>
Now look at the total population for PR70's
2006 is 1901
2007 is only 493
2007 has serious potential. >>
And if ~80,000 were sold it would have less than 1/3 of the mintage of the 2006-W
Man, you guys are making me feel real good about my purchase tonight!!!!
<< <i>
<< <i>
<< <i>
Now look at the total population for PR70's
2006 is 1901
2007 is only 493
2007 has serious potential. >>
And if ~80,000 were sold it would have less than 1/3 of the mintage of the 2006-W
Man, you guys are making me feel real good about my purchase tonight!!!!
Congrats Goldbully, I think you will do just fine. By next week we should know if the Mint is planning on selling more 2007-W Buffalo's. If they don't, the price will surely go up once the low mintage is reported
<< <i>
<< <i>
<< <i>
<< <i>
Now look at the total population for PR70's
2006 is 1901
2007 is only 493
2007 has serious potential. >>
And if ~80,000 were sold it would have less than 1/3 of the mintage of the 2006-W
Man, you guys are making me feel real good about my purchase tonight!!!!
Congrats Goldbully, I think you will do just fine. By next week we should know if the Mint is planning on selling more 2007-W Buffalo's. If they don't, the price will surely go up once the low mintage is reported
Buff, thanks for that famous FLBuff guidance.........
Box of 20