Poll. Would you pay $295 today for a 1/10 gold buffalo in OMP?

DNADave

Speaking strictly as a collector, low mintage coin.
Not a bullion thread since this coin is priced well above bullion.

DNADave

I ended up getting it for $250. 2008-W 1/10 ounce Gold Buffalo mintage = a little over 11,000.

we'll see.

OPA

Why not ... they are selling in the $300 - $350 price range on eBay ... ( One year issue ) .. low mintage for a 1/10 oz Gold Coin.

GritsMan

These are almost definitely long-term winners. With the economy, though, they may languish for a while.

aubuffalo

I believe Dave has no complains about paying about $300 now for the 1/10. By the way, does any one know what was the adjusted price for the 1/10 UNC gold buffalo on 13 Nov 08? I can only remember the initial issue price on 22 Jul 08 was $129.95.

Loki

Great price IMO. Does the seller have any more at that price?

BillJones

I would like a complete set of these coins in the original mint box, in decent condition, but the prices are ridiculous. (Yes, there are marked up one ounce Buffalo gold coins out there. I’ve seen them.) I imagine that so many sets have been slabbed that a raw set in the box is a rare item indeed.

Eleven thousand coins (if that is the mintage) with a virtually 100% survival rate is not a rare item by any means. If the mint ever issues them again, I might consider getting involved. Otherwise at these prices I can learn to do without them.

Loki

Desirability trumps rarity in the case of these one year wonders which justifies the current price levels.
11k minted on a very desirable coin with gold as it's foundation is a very powerful combination indeed.
Anyone want to sell me one for what the op paid?
If no response, then I rest my case

BillJones

Gold might be a "foundation," but at $295, which works out at $2,950 pre ounce, that foundation is pretty deep in the ground.

Loki

<< <i>Gold might be a "foundation," but at $295, which works out at $2,950 pre ounce, that foundation is pretty deep in the ground. >>

Come back to this post in a year and see how much the foundation has risen to the surface lol

TwoSides2aCoin

I would pay that much if I had a buyer in the wings willing to pay 10% over that.

jmski52

Ebay prices realized are well over $400 for both the uncs and the proofs these days.....

And a quick review of my spreadsheet indicates that prices are *still* advancing for every 2008-W Gold Buff issued.

I wouldn't have expected this much, but you must also consider that the gold market may be giving all of these a nice boost. More gold buyers = more entries into Modern Bullion.

mheffner2

I landed one of these @ $150 (after live cashback) last year on ebay (pcgs pr69). It's not going anywhere, but my favorite value purchase last year - by far.

BECOKA

I regret selling my set but not enough to pay that much of a premium to replace it. Too many other things I would rather have that are gold related.