My Gold Buffalos Have been Pre-Ordered

MrKelso · June 18, 2006 8:51AM

I ordered several of the business strikes from Apmex. The reason i did not wait any longer is because i believe we may see Higher Gold prices towards the end of this week
and i wanted to get locked in on the price before Gold shoots up to $620 or $630.

cullenbryant · June 18, 2006 9:06AM

So if we lock in now, that's the price no matter what the market does?

MrKelso · June 18, 2006 9:12AM

<< So if we lock in now, that's the price no matter what the market does? >>

From the Apmex Faq Section

Are your prices locked in when I place my order?
Yes. When you place an order over the telephone or online, you will be given a confirmation number that locks in your price.
How long is my price locked in for?
Your price is confirmed for 5 business days on orders under $25,000 and three days for orders more than $25,000. That is the time you have to make your payment to APMEX.

cullenbryant · June 18, 2006 9:23AM

i'm going to check out their site. not sure my 1 would meet the minimum order

MrKelso · June 18, 2006 9:25AM

<< i'm going to check out their site. not sure my 1 would meet the minimum order >>

I believe you can order just one and pay for it via credit card online but you won't get the little cash discount.

Stork · June 18, 2006 12:32PM

<< i'm going to check out their site. not sure my 1 would meet the minimum order >>

From the site:
"Do you have a minimum order?
Yes. Our minimum order is $50.00 per transaction, regardless of payment method. It can be in any combination of precious metals you choose. "

They are that very rare breed of bullion dealer which takes credit cards. They charge the same price for everyone (ie they don't charge a fee for using a credit card). However...they make up for that by using a shipping fee that adds 3% of your total...but then discount that 3% if you use a non-credit card method to pay. This way they get around the credit card rule about a surcharge by using a shipping discount.

I am thinking of calling them tomorrow...

Cathy

apmex linkage

nesvt · June 18, 2006 12:55PM

<< I believe you can order just one and pay for it via credit card online but you won't get the little cash discount. >>

Yup. I just ordered one.

2006 Gold Buffalo Coins (1 Ounce) - .9999 Fine Qty: 1 @ $610.35

SubTotal: $610.35
Shipping, Handling and Insurance: $33.26
GrandTotal: $643.61

Julio · June 18, 2006 1:23PM

Anyone think the 1/4 ounce would be worthwhile. That's all my budget can stand this month.

jws

TwoSides2aCoin · June 18, 2006 1:32PM

over one half of all bullion is :

BULL
.... don't get buffaloed

BUY the PROOFS if you want to speculate ! They'll be about $200 more

MrKelso · June 18, 2006 8:20PM

<< Anyone think the 1/4 ounce would be worthwhile. That's all my budget can stand this month.

jws >>

I don't think the mint is making them in fractions. I could be wrong but i didn't read anything about it.

JDelage · June 19, 2006 3:04AM

They sell they Eagle for $580 and the Buffalo for $605. That doesn't make any sense if (as I assume) the mint's price is going to be the same.

MrKelso · June 19, 2006 3:09AM

<< They sell they Eagle for $580 and the Buffalo for $605. That doesn't make any sense if (as I assume) the mint's price is going to be the same. >>

The price will go up and down with the spot market, the new coin is .9999 fine the eagle is not.

JDelage · June 19, 2006 3:13AM

<< The price will go up and down with the spot market, the new coin is .9999 fine the eagle is not. >>

So what? It's the same 1 oz of gold. There's no collectable value to that bullion coin, especially if it is produced at the 200,000 unit level.

MrKelso · June 19, 2006 3:38AM

<< They sell they Eagle for $580 and the Buffalo for $605. That doesn't make any sense if (as I assume) the mint's price is going to be the same. >>

Currently

2006 Gold Buffalo Coins (1 Ounce) - .9999 Fine Sell Price

$604.41
---------------------------------------------------------------------

2006 Gem Brilliant Uncirculated Gold American Eagle (1 oz.) Sell Price

$601.56

It goes with the spot market and there is a small premium for the newer coin.

grip · June 19, 2006 4:00AM

They don't accept CC over 2,500

.You must call.
Al

xbob · June 19, 2006 4:33AM

<< 

<< So if we lock in now, that's the price no matter what the market does? >>

From the Apmex Faq Section

Are your prices locked in when I place my order?
Yes. When you place an order over the telephone or online, you will be given a confirmation number that locks in your price.
How long is my price locked in for?
Your price is confirmed for 5 business days on orders under $25,000 and three days for orders more than $25,000. That is the time you have to make your payment to APMEX. >>

From their site: delivered upon receipt from the US Mint. (Estimated to be June 29th)

That is more than 5 days from now. Does that mean they will charge a different price when they ship and you are just reserving your coins now?

edit to add: Nevermind... I think they just mean you have 5 days to pay. So if you use a CCard your price is locked in upon purchase.

TWQG · June 19, 2006 6:32AM

<< Shipping, Handling and Insurance: $33.26 >>

- OUCH!!

Julio · June 19, 2006 7:11AM

Hope this does not het me in trouble as I'm just providing info. and own no stock or have any interest in the co. lol jws
Dear Valued Customer,

APMEX.com is pleased to offer you the chance to purchase the new 2006 Gold Buffalo Coins before its official release from the US Mint. Be one of the first to own this unique coin at a special price for pre orders only.

The new 2006 Buffalo Gold coins, will be available in a 1 ounce size and is the first ever .9999 fine gold coin produced by the U.S. Mint. The design will be based on the original Buffalo Nickel created by James Earle Fraser. The obverse (front) will bear the famed Indian Head portrait and the reverse (back) will bear the equally-famed buffalo design.

The coins will come sealed in mylar plastic in strips of twenty and boxes of 500. Currently, we are accepting orders of any size and shipments will be delivered upon receipt from the US Mint. (Estimated to be June 29th) **

Don’t miss out on this special offer available for APMEX customers only! This is the perfect opportunity, with the recent drop in gold prices, to own the first ever .9999 Fine Gold coin produced by the U.S. Mint.

Please click on the following link to view this offer: 2006 Gold Buffalo Coins, or visit our homepage at: www.APMEX.com.

**APMEX reserves the right to ship orders in their entirety, thus additional items purchased in conjunction with this promotion may not be shipped until after JUNE 29, 2006.

Dont forget to check out our other fine products:

Gold
Silver
Supplies
Wholesale Specials

Respectfully,

Scott Thomas
Trading Manager

American Precious Metals Exchange
800-375-9006

__________________________________________________________

ILikeMercs · June 19, 2006 7:33AM

just wondering.......if it's almost pure, will it bend easily?

INXS · June 19, 2006 7:46AM

Locked in for 10 at $600.38 plus SHI. Thanks MrKelso.

renman95 · June 19, 2006 7:46AM

I ordered one a $600.28 and with the cash discount the total w/s/h came to $615.23.

Now that I've done this the mint will come out with the satin version.

I'm going to put together a NGC comparison set of the original nickel, 2001 Comm-Silver Dollar and the 2006 Bullion Buffalo...all high grade uncs.

What should I have it called?

Baley · June 19, 2006 7:55AM

This has to be the ultimate in Moderns: buying coins that haven't even been minted yet!

the opposite of "historical".... they're from the damned future for fun's sake!

MacCrimmon · June 19, 2006 7:57AM

meh, I'll wait til gold falls to $500.99

Anyway, they'll be sending me PCGS MS70 coins which will sell for $3000 each on eBay.......

LanLord · June 19, 2006 8:04AM

I also ordered one at $602 or something around that level. Shipping and handling bring it up to about $635 or so (I forget - drugs are good for that).

I actually am happy to have it on order. I look forward to getting one in hand. I am not so much thinking about it as an investment or a bullion coin (even though I know it is), I'm just really hoping it has the rough hewn look of the original 1913 design and not the ultra-pasteurized look of the 2001 buffalo commem. The rough design in gold would look oh so cool. If it does, I'll be even more excited to see the PROOF of the same design as that would just give me a major chubby!

ar18 · June 19, 2006 8:22AM

anyone have a direct link to the section where you ordered them??

MrKelso · June 19, 2006 8:24AM

<< Locked in for 10 at $600.38 plus SHI. Thanks MrKelso. >>

I also did some more today Ernie for myself and the pains at the plant.

ILikeMercs · June 19, 2006 8:25AM

<< anyone have a direct link to the section where you ordered them?? >>

look at storks post above

aficionado · June 19, 2006 8:31AM

I wonder why apmex says get them before they are gone...

Will there be HIGH demand.

Low supply. Only 6 month's of production.

Just trying to get you to buy, covering their cost.

steamer · June 19, 2006 8:42AM

apmex.com

2bucks · June 19, 2006 9:25AM

Man... saw this thread and had to lock in for qty. 2 - $599.00

I really do think this coin is going to be nice! Xmas in June.

Lloyd should buy at least one! I sorta feel bad, so I think he might get an early xmas gift.

You're still on my card list tho... Trey

Bubblehead · June 19, 2006 9:50AM

I also snagged one @ $597.95! (+ the shipping/ins)

Their sell price changes from minute to minute, it seems?

MrKelso · June 19, 2006 9:53AM

<<

I also snagged one @ $597.95! (+ the shipping/ins)

Their sell price changes from minute to minute, it seems? >>

Welcome to the World of Bullion Trading.

jabba · June 19, 2006 10:47AM

I got one at 598.00

I was not going to buy one for $800-$1000 but under 6 franklin's is ok with me.

TWQG · June 20, 2006 10:29AM

Hoping to fend off another buffalo thread.

ABC123 · June 20, 2006 11:38AM

Good Luck !

jabba · June 20, 2006 11:45AM

HOT topic, Not much you can do. Remember all the Franklin post's!

MrKelso · June 21, 2006 3:37AM

2006 Gold Buffalo Coins (1 Ounce) - .9999 Fine Sell Price

$624.34

aficionado · June 21, 2006 4:27AM

I went with the First Strike on ebay, under $700 delivered.

The way I see it, today a coin delivered will cost about $650 plus have it graded by PCGS, add like $30, and it MIGHT be a MS69. I had two Platinum Proofs that would NOT have been PF69, all marked up, and Platinum is harder than 24kt gold and the Proofs are better taken care of.

On TV they showed them stacking these coins like they were regular money. All those are going to be marked up....

Anyway, it's worth it to me to have an MS69, in PCGS, plus First Strike (if that ever means something, someday), for not to much more money.

MrKelso · June 21, 2006 4:29AM

Sounds good.

2006 Gold Buffalo Coins (1 Ounce) - .9999 Fine
Brilliant Uncirculated - Sealed in Mylar directly from the U.S. Mint! Sell Price

$625.61

Pghpete · June 21, 2006 4:41AM

Got mine - $625.XX. A lot of money for a small-timer like me. But very exciting.

jabba · June 21, 2006 4:42AM

Im happy I put my order in when I did but Gold could be down tomorrow!

MrKelso · June 21, 2006 4:50AM

<< Im happy I put my order in when I did but Gold could be down tomorrow! >>

I think Gold may trend higher over the next few days before going down some. You did great.

gyocomgd · June 21, 2006 5:43AM

I'm in for 3 @ $624, with a decent discount of around $35. What the heck.

Pghpete · June 21, 2006 6:14AM

Anyone bought other stuff from them? They have some nice looking large cents in VF/XF/AU condition. I don't believe they're certified though.

coinman420 · June 21, 2006 9:03AM

ordered my 1 coin tuesday morning at $601+ shipping, bad thing is the more demand for these the more they will produce. where the proof is limited.

MrKelso · June 30, 2006 12:31AM

2006 Gold Buffalo Coins (1 Ounce) - .9999 Fine
Brilliant Uncirculated - Sealed in Mylar directly from the U.S. Mint! Sell Price

$652.43

MrKelso · July 6, 2006 2:23AM

<< I ordered several of the business strikes from Apmex. The reason i did not wait any longer is because i believe we may see Higher Gold prices towards the end of this week
and i wanted to get locked in on the price before Gold shoots up to $620 or $630. >>

2006 Gold Buffalo Coins (1 Ounce) - .9999 Fine
Brilliant Uncirculated Sell Price

$672.89

My Gold Buffalos Have been Pre-Ordered

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