Where are the Gold Buffalos?

ledzep87 · May 31, 2006 9:22AM

It should be available REAL soon, but I can not find any info from the mint-like prices, pictures, etc.......

If I remember correctly, it should be released by mid June-right?

HighRelief · May 31, 2006 10:13AM

The Mint is saying this summer sometime www.usmint.gov? Coinworld said that it would be in June as that being the deadline given to the US Mint. I bet that they are still wondering what kind of price they will charge. I think this will be the first .999 gold coin the US Mint has produced?

CC2GO · May 31, 2006 10:37AM

I don't know when they will be available but according to THIS ARTICLE
they will NOT be available directly from the US MINT!

We shall see if that's true or not....

Apparently you can sign up at that site to be notified when it is released!

mfcobra · May 31, 2006 10:46AM

The Proof & Special Matte finish specimens WILL be available to the public directly from the US Mint. The bullion (IE Gold Eagle) version will not be available directly from the Mint.

CC2GO · May 31, 2006 10:56AM

<< The Proof & Special Matte finish specimens WILL be available to the public directly from the US Mint. >>

Thanks for clearing that up!

keets · May 31, 2006 11:27AM

this might be an issue that would be better off purchased in the after market.

INXS · June 4, 2006 8:14AM

According to the law passed for these they must be made available for sale by 06/22. I dont know what the hold up is. IMO, the mint has put themselves in a corner by raising the GAE's prices and now that the spot price of gold has slipped they are afraid of pricing the Buffalo right out of the market except for die hard must have collectors. It has to go for more than the 1 oz. GAE, that would put it over the $1K mark.

rgl1345 · June 4, 2006 8:49AM

They told me they were waiting for the price of gold to go down so they would'nt screw us so bad

pontiacinf · June 4, 2006 9:01AM

<< They told me they were waiting for the price of gold to go down so they would'nt screw us so bad

>>

thats funny

kiyote · June 7, 2006 3:45AM

The gold buffalo was a neat idea, but I don't think it's going to happen.

HonoluluDude · June 7, 2006 3:51AM

<< The gold buffalo was a neat idea, but I don't think it's going to happen. >>

Why would it not happen? Last I read they were already doing test strikes.

mhammerman · June 7, 2006 4:01AM

Well, in two weeks and a day, we should know something.

TheRaven · June 7, 2006 4:27AM

These are going to be released to a hail of fire about the price anyways.....

I still think it is stupid to have Gold Eagles & Gold Buffalos.....

holadude · June 7, 2006 4:33AM

Take a GAE and a GB, add hot sauce and you get Buffalo wings!

INXS · June 7, 2006 5:25AM

<< 

<< The gold buffalo was a neat idea, but I don't think it's going to happen. >>

Why would it not happen? Last I read they were already doing test strikes. >>

I think the Mint is between a rock and a hard place on these. They still have the GAE's available except the 1 oz, which sold out on the singles but are still available in the 4 coin set. If they price the GB's to low everyone will be on board and the GAE's could suffer in sales. If they price the GB's to high they could get stuck with a coin that I am sure they are counting on a sell out. IMO they have to reprice the GAE's back to the pre-gold spike and the introduce the GB as they had talked abut in the $900 range, if not we are looking at $1100+ for the GB, if they even bring it out.

We heard about the test strikes but that was the last anyone heard about the GB's. Either they are going to release these with little or no fanfare or they are not going to release them at all. I am looking for a repricing before I am a buyer.

Drizzt · June 7, 2006 5:34AM

Smoebody inform FOX news, and have them ask

TheNumish · June 7, 2006 5:39AM

I bought some from Dillon Gage Metals and was told delivery would be about June 28th.

INXS · June 7, 2006 5:43AM

<< I bought some from Dillon Gage Metals and was told delivery would be about June 28th. >>

At what price range did you buy these? If you dont mind me asking.

CaptHenway · June 7, 2006 5:56AM

We just heard from our bullion supplier, one of the official Mint outlets, and they will be receiving their gold Buffalos on June 22. They are selling them to us at the same rate that they sell us gold eagles, which is 3.75% over spot for quantity purchases. We do not yet know how they will be packaged.
Tom D.

HonoluluDude · June 7, 2006 6:04AM

<< We just heard from our bullion supplier, one of the official Mint outlets, and they will be receiving their gold Buffalos on June 22. They are selling them to us at the same rate that they sell us gold eagles, which is 3.75% over spot for quantity purchases. We do not yet know how they will be packaged.
Tom D. >>

Well let's hope the spot price stays down til then.

Conder101 · June 7, 2006 6:16AM

<< I don't know when they will be available but according to THIS ARTICLE
they will NOT be available directly from the US MINT! >>

Didn't you post this on another thread as well? As I said before in that other thread, this is not an article, this is an advertisement. And it is an advertisement from someone who wants to be the one to sell you the coins.

aficionado · June 9, 2006 8:07AM

<< We just heard from our bullion supplier, one of the official Mint outlets, and they will be receiving their gold Buffalos on June 22. They are selling them to us at the same rate that they sell us gold eagles, which is 3.75% over spot for quantity purchases. We do not yet know how they will be packaged.
Tom D. >>

So where's the best place to buy the Unc Bullion version of this coin?

CC2GO · June 9, 2006 2:04PM

<< CONDOR 101....Didn't you post this on another thread as well? As I said before in that other thread, this is not an article, this is an advertisement. And it is an advertisement from someone who wants to be the one to sell you the coins.
>>

Does this really bug you that much? Article! Advertisement! WHATEVER!
The info is still there!

TwoSides2aCoin · June 9, 2006 2:20PM

<< 

<< We just heard from our bullion supplier, one of the official Mint outlets, and they will be receiving their gold Buffalos on June 22. They are selling them to us at the same rate that they sell us gold eagles, which is 3.75% over spot for quantity purchases. We do not yet know how they will be packaged.
Tom D. >>

So where's the best place to buy the Unc Bullion version of this coin? >>

aficianado, meet CaptHenway, CaptHenway, Mr Aficianado

5 percent, please
oh yeah, PM me for my email addy for PayPow™

Conder101 · June 9, 2006 7:20PM

<< Does this really bug you that much? Article! Advertisement! WHATEVER!
The info is still there! >>

But in an advertisement any info should be considered questionable until it is verified from other sources. Do you believe all claims you read in advertisments? I guess a lot of people do. That's why we get all those commercials for "Natural Male Enhancement"

Gemineye · June 9, 2006 9:43PM

<< 

<< Does this really bug you that much? Article! Advertisement! WHATEVER!
The info is still there! >>

But in an advertisement any info should be considered questionable until it is verified from other sources. Do you believe all claims you read in advertisments? I guess a lot of people do. That's why we get all those commercials for "Natural Male Enhancement"

>>

.........Does the Enhancer come with the Golden Buffalo..........?!!?!?!?!?

CaptHenway · June 9, 2006 10:52PM

<< We just heard from our bullion supplier, one of the official Mint outlets, and they will be receiving their gold Buffalos on June 22. They are selling them to us at the same rate that they sell us gold eagles, which is 3.75% over spot for quantity purchases. We do not yet know how they will be packaged.
Tom D. >>

Was told Friday that they will be sealed in plastic sheets, 20 coins to a sheet, 25 sheets to a box. We get to cut them apart.
Tom D.

trozau · June 9, 2006 10:53PM

<< .........Does the Enhancer come with the Golden Buffalo..........?!!?!?!?!? >>

No, but buying a Gold Buffalo would excite your enhanced ...

trozau · June 9, 2006 11:00PM

<< 

<< We just heard from our bullion supplier, one of the official Mint outlets, and they will be receiving their gold Buffalos on June 22. They are selling them to us at the same rate that they sell us gold eagles, which is 3.75% over spot for quantity purchases. We do not yet know how they will be packaged.
Tom D. >>

Was told Friday that they will be sealed in plastic sheets, 20 coins to a sheet, 25 sheets to a box. We get to cut them apart.
Tom D. >>

Good to know. Please post some pics as soon as you are able and let us know your current prices when you get them (and other details like payment options, etc).

Kaelasdad · June 10, 2006 5:37AM

Thats one expensive box.

CC2GO · June 10, 2006 6:05AM

<< That's why we get all those commercials for "Natural Male Enhancement" >>

OKAY! Got me there!

CaptHenway · June 10, 2006 3:35PM

<< Thats one expensive box. >>

Wanna buy a sealed box, and open it in 20 years????
LOL
TD

INXS · June 10, 2006 10:08PM

I have heard that the Gold Buffalo PCGS MS-69 coin will be priced approx $25 over current spot. Based on todays spot that would be approx $632(price based on 40 coin minimum).

Disclaimer: I am not selling nor am I promoting the sale of these coins in anyway, info to be used for informational value only.

Stork · June 10, 2006 10:24PM

And here is an ebay 'presale' for the proof ones: Ebay link.

I have no vested interest in this auction or these sellers, though I have bought the occasional small item from them. I usually stay away from their BINs as the prices are often a tad high (their auctions are okay, but get overbid like many ebay gold auctions do). I've even ordered off their website, but comparing their prices on the Aussie Lunar golds for example... I can do better elsewhere. But they are (so far) nice and reliable sellers so I'm guessing they know something

.

Cathy

CC2GO · June 10, 2006 11:40PM

<< The first 24 karat (.9999 fine gold) gold proof coin. Features the American Buffalo.1 oz of .9999 gold. >>

ONLY $759.00 THEIR PRICE? ~ Cheaper than the GAE? WOW!

Ebay Link

Makes me wonder what the Mint's price will be....

CaptHenway · June 11, 2006 1:54PM

<< I have heard that the Gold Buffalo PCGS MS-69 coin will be priced approx $25 over current spot. Based on todays spot that would be approx $632(price based on 40 coin minimum).

Disclaimer: I am not selling nor am I promoting the sale of these coins in anyway, info to be used for informational value only. >>

Well, as $600 even spot, the Mint is selling the coins in 500 coin lots to distributors at $18 over spot (3%). My cost on them is $22.50 over spot (3.75%). I don't know how I am going to get them into PCGS holders and sell them for $25 over and make a profit.
TD

TWQG · June 11, 2006 2:31PM

They can be had Here for $25 over spot in PCGS MS69 holders if you wanna spring for 40 of them.

One should not pay much over spot for these. They are bullion gold and will be exceedingly common.

coinnut86 · June 11, 2006 3:40PM

Well then if that is the case, are there going to be people on here who would go in on that 40 coin minimum?

I would consider purchasing one if that is the case

TheNumish · June 11, 2006 11:41PM

I think this is how someone is able to sell PCGS coins at spot + $25.

You buy 500 coins and send them to PCGS. If 5% grade MS-70 that would be 25 coins. My guess is when the coins are just out and hot you can make $1,000 profit on each MS-70. If this person sold the remaining 475 coins at $25 over spot they would lose about $7 a coin so that works out to be $3,325. Assuming that this person can sell the 500 coins in a month the interest charge is $2,500.

Profit on the MS-70's $25,000
Lose on dumping the MS-69's $3,325
Interest expense $2,500
Profit on the deal $19,175

If less then 5% of the coins grade MS-70 they make less. If the coins aren't worth as much as I figured they make less. Any way you look at it I think the person will make good money on this deal.

BigTom · June 12, 2006 12:11AM

<< 

<< The first 24 karat (.9999 fine gold) gold proof coin. Features the American Buffalo.1 oz of .9999 gold. >>

ONLY $759.00 THEIR PRICE? ~ Cheaper than the GAE? WOW!

Ebay Link

Makes me wonder what the Mint's price will be.... >>

Do you think they're really selling Proof pieces, or is that ebay-ease. The mint hasn't released any info on proofs that I'm aware of.

aficionado · June 12, 2006 12:29AM

$750 for the proof may not be so great. If gold goes to $500, not a good deal, gold goes to $1000, good deal.

A lot will depend on the number of Proof mintage. They had 12,000 Eagles, lets hope it is less than that.

INXS · June 12, 2006 12:48AM

<< Do you think they're really selling Proof pieces, or is that ebay-ease. The mint hasn't released any info on proofs that I'm aware of. >>

I dont think the mint will pass on a cash cow like this one. It's almost a certainty it will sell out. I think it ewas in the law that there would be PR and BU I thought there was a third but I am not 100% certain.

CaptHenway · June 12, 2006 1:54AM

<< 

<< 

<< The first 24 karat (.9999 fine gold) gold proof coin. Features the American Buffalo.1 oz of .9999 gold. >>

ONLY $759.00 THEIR PRICE? ~ Cheaper than the GAE? WOW!

Ebay Link

Makes me wonder what the Mint's price will be.... >>

Do you think they're really selling Proof pieces, or is that ebay-ease. The mint hasn't released any info on proofs that I'm aware of. >>

If you go to
http://www.usmint.gov/downloads/Whats_New/News_Views/2006-04.pdf
there was an announcemtnet back in April that they would be selling the Proofs in June, but no info on pricing.
Tom D.

CaptHenway · June 12, 2006 2:01AM

I see that he has now withdrawn the ebay listing due to an error.
I know him, he's a good guy. We've done business with each other. Must have just been an honest mistake.
Tom D.

Kip · June 12, 2006 2:39AM

I am behind as usuall..sorry, but has any info come out as to the amount of proofs that will be struck?
Limited or as many as they can sell?
Thank you
Kip

BigTom · June 12, 2006 3:02AM

<< 
If you go to
http://www.usmint.gov/downloads/Whats_New/News_Views/2006-04.pdf
there was an announcemtnet back in April that they would be selling the Proofs in June, but no info on pricing.
Tom D. >>

Capt,

It was the "no info on pricing" that I was referring to.

aficionado · June 12, 2006 4:22AM

<< I see that he has now withdrawn the ebay listing due to an error.
I know him, he's a good guy. We've done business with each other. Must have just been an honest mistake.
Tom D. >>

I wonder what the error was??

Kaelasdad · June 12, 2006 4:27AM

Listing it as a Proof when It is a BU, I bet he will be back up shortly with just a minor adjustment.

macjeff · June 12, 2006 1:59PM

<< Take a GAE and a GB, add hot sauce and you get Buffalo wings! >>

Holadude wins the thread!

(Thanks everyone else for the informative posts, but this one almost made me shoot pop out of my nose!)

Where are the Gold Buffalos?

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