Is anyone buying the Proof Gold Buffalos?

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jmski52
jmski52 Posts: 24,011 ✭✭✭✭✭
in U.S. Coin Forum

Almost $2,800 for a one ozer when gold is at $1,835. $965 in "value added"? A 52% premium is way beyond anything I've seen from these guys yet.

Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

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  • jessewvu
    jessewvu Posts: 5,087 ✭✭✭✭✭
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    No. I got hit with a lot of us mint orders this week 😬

  • stawick
    stawick Posts: 607 ✭✭✭✭
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    Got 1 ... keeping it rolling, I have every year, just missing the rev proof they did 1 year.
    But the premiums after market get even worse, so ...

  • LJenkins11
    LJenkins11 Posts: 868 ✭✭✭✭✭
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    I got one. I cannot seem to pass up adding to the herd each year. But that premium is STEEP!

  • rangerpk
    rangerpk Posts: 16 ✭
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    Nope already own a fair amount of overpriced coins from the US Mint.

  • Rwjohn
    Rwjohn Posts: 12 ✭
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    Got mine. It will be a birth year coin for the new grandchild arriving in November. My son will make sure the precious one is mature enough to receive it on my behalf, after I’ve probably done left this world.

  • 7Jaguars
    7Jaguars Posts: 8,019 ✭✭✭✭✭
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    Yikes! Nope, not at that premium. What level would I personally buy at? Well, with gold at the 1835 price level I might spot them 500 maximum....

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • golden
    golden Posts: 10,534 ✭✭✭✭✭
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    No.

  • MilesWaits
    MilesWaits Posts: 5,596 ✭✭✭✭✭
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    I admire the tenacity of the buyers on this issue.
    Even if I was keeping this, which I typically do, I would just have a hard time accepting the initial beat down. That being said, I am super thankful I bought these years ago.
    I do still want the 2021 HR Gold Liberty, though. Just not yet. Toooooo steep, too much of a premium stomping.
    Patience I got.

    Now riding the swell in PM's and surf.
  • jughead1893
    jughead1893 Posts: 2,196 ✭✭✭✭✭
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    With that markup I can’t believe they sell any

  • BaronVonBaugh
    BaronVonBaugh Posts: 1,839 ✭✭✭✭
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    @jughead1893 said:
    With that markup I can’t believe they sell any

    They do seem to be getting carried away the mark up.

    1938-64_Jefferson_Nickel_Proofs
  • Che_Grapes
    Che_Grapes Posts: 1,890 ✭✭✭✭✭
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    For gold coins I mostly only collect rare / early dates or the bullion eagles. I have a few bullion Buffalos too. They are not proof finish but they still look cool and cost spot plus ~5% (depending how many you buy)
    In the past I have succumb to the platinum proof coins - but probably won’t do that again (although incredible looking coin)

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited May 12, 2022 7:37PM
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    No I prefer slabbed Gold Buffalos Uncs MS69 & MS70. Strong demand for them.

    Investor
  • Che_Grapes
    Che_Grapes Posts: 1,890 ✭✭✭✭✭
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    @Cougar1978 said:
    No I prefer slabbed Gold Buffalos Uncs MS69 & MS70. Strong demand for them.

    Do you mean the bullion coins? I never understood why folks get those slabbed, they are worth the same value no matter the grade.

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited May 12, 2022 8:17PM
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    @Che_Grapes said:

    @Cougar1978 said:
    No I prefer slabbed Gold Buffalos Uncs MS69 & MS70. Strong demand for them.

    Do you mean the bullion coins? I never understood why folks get those slabbed, they are worth the same value no matter the grade.

    Like heck they are lol. Where have u been?

    CPG,CF,NN confirm slabbed bullion coins bring more if not assurance against fakes. MS 69 Gold Buffs very strong sellers for me.

    Investor
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Birth years of 16 grandchildren, starting in 2007, with the last born in '21.
    If they don't learn to handle a buck, they likely won't be able to ride a Buffalo for very long when they turn 18.

    And I wish I'd have opted for the bullion version. The proofs are "stupid" high.

  • Treashunt
    Treashunt Posts: 6,748 ✭✭✭✭✭
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    pass

    Frank

    BHNC #203

  • BillJones
    BillJones Posts: 35,933 ✭✭✭✭✭
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    No, I have one for type, and I think that the price gold bullion will head down eventually and take this coin with it.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    No. Not for me... not at that price/premium. My stacks are all comfortably profit. Do not want to dilute that. Cheers, RickO

  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
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    No. Why? Premium etc.

  • MilesWaits
    MilesWaits Posts: 5,596 ✭✭✭✭✭
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    I got myself inspired by the herd mentality so Pinehurst purchased this today:

    Now riding the swell in PM's and surf.
  • ProofCollection
    ProofCollection Posts: 8,052 ✭✭✭✭✭
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    I will buy my usual 1 to keep the collection maintained. Buying a slabbed 70 from Stuppler because it's not worth buying and submitting myself and taking the chance getting stuck with a 69.

    The premium is steep but the years when no one buys them they end up being the most valuable. If you don't grab one at $2800 now, the premiums will just go up in my experience.

    Recent raw 2021's going for $2750 on ebay. PCGS 70's getting at least $3300.

  • stawick
    stawick Posts: 607 ✭✭✭✭
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    Guess I'm so used to everything being on backorder from the mint, I didnt expect this ... but my Buf is on its way already. B)

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