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2008 Gold Buffalo Set

cjmezzcjmezz Posts: 467
in Precious Metals
There is a small local auction coming up at the end of the month in my area. They have the following to sell:

2008 4 coin Gold Buffalo set Graded Proof 70 Ultra Cameo, 1st Strike

Any help as to the value of this set? I've looked on ebay and seen asking prices of 7500-18,000?


Thanks for the help.
CJ
"When someone tells you nothing is impossible, ask them to dribble a football"

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Comments

  • derrybderryb Posts: 37,274 ✭✭✭✭✭
    8,500 would be my max bid, but I don't want one that badly.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • jmski52jmski52 Posts: 23,054 ✭✭✭✭✭
    The last few ebay auctions for PR-70 FS were between $14,000 and $16,500 - but I don't know how long ago they were held. The non-1st strike PR-70s show a precipitous decline to $8,000 to $9,000 from the loft levels of $13,000 to $17,000 (again, I can't say when they were held).

    Clearly, the high end of your ebay research is someone's pipe dream. And if there is an asking price on one for $7,500 - is that a B-I-N or a starting price for a real auction?

    I'm thinking along the same lines as derryb for the set, HOWEVER - the price histories for the individual coins look to be holding some premiums and a middle of the road estimate for the individual PCGS PR-70 FS coins comes in around $11,500. My data for individual coins is more plentiful and possibly a bit more reliable because it is also somewhat more current.

    There is a real discrepancy there which also creates much more uncertainty on the real value. That's why they invented auctions!image

    Hope that helps, some at least.
    Q: Are You Printing Money? Bernanke: Not Literally

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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    someone I know just sold a PR70 PCGS 1st strike set for 12000

    I'd rather spend that money on 90% silver, some gold bullion, and some cheaper numismatic gold than waste it on 1.85 oz of gold.......
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  • MsMorrisineMsMorrisine Posts: 34,068 ✭✭✭✭✭
    this reads like NGC but also like PCGS

    the terminology is mixed.

    "Ultra Cameo" is NGC
    "First Strike" is PCGS


    which is it?
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  • cjmezzcjmezz Posts: 467
    Thanks for the input.....the listing doesn't say NGC or PCGS..it list it just as I typed it.

    I'm not looking to keep them, just wondering if they could possibly be purchased low and flipped

    Thanks
    CJ
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Give it a try except I will say my friend had trouble selling it. Took 1 yr......
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Comrade jmski, do you have any data on raw 2008-W Buf uncs? Not selling, just inquiring.
  • derrybderryb Posts: 37,274 ✭✭✭✭✭


    << <i>Thanks for the input.....the listing doesn't say NGC or PCGS..it list it just as I typed it.

    I'm not looking to keep them, just wondering if they could possibly be purchased low and flipped

    Thanks
    CJ >>


    They were low in 2008. image

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • jmski52jmski52 Posts: 23,054 ✭✭✭✭✭
    Comrade jmski, do you have any data on raw 2008-W Buf uncs? Not selling, just inquiring.

    Yes, I track ebay sales on all the 2008-W gold Buffs, in every grade listed by NGC & PCGS and raw or in the box. I don't log the dates, but I save my spreadsheets. Whatcha need?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "I save my spreadsheets. Whatcha need?"

    What's the wholesale book on a raw, boxed set of uncs as issued?
  • jmski52jmski52 Posts: 23,054 ✭✭✭✭✭
    What's the wholesale book on a raw, boxed set of uncs as issued?

    Best guess............around $5,800 if sold on ebay, before fees. Range, something like $5,500 to $6,300 - trending down, but not crashing - imo.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    thx
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I'd rather spend that money on 90% silver, some gold bullion, and some cheaper numismatic gold than waste it on 1.85 oz of gold.......

    image 1000x
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