Buffalo Gold Rumor

pf70collector · March 31, 2007 5:35AM

Ok so I was watching coin vault this morning and Chambers was selling the 2007 Gold Buffalos and he made a comment that the Mint may not be continuing this series in 2008. Or at least may be changing the design of the 24 Kt gold coins.
I do believe he has connections at the mint. Was he just saying this to boost his sales?. Anyone know of any lesgistlation that requires that these buffaloes be made indefinetely?.

CoinHusker · March 31, 2007 5:42AM

<< 
I do believe he has connections at the mint. Was he just saying this to boost his sales?. >>

That would be my guess.

flaminio · March 31, 2007 5:47AM

<< Was he just saying this to boost his sales? >>

This is why Chambers says anything. The truth of the matter is entirely secondary.

DieClash · March 31, 2007 5:50AM

If I'm not mistaken, I think the enabling legislation allows the mint to change the design. Except that the first year of issue had to be the obverse design of James Earle Frasers original Buffalo Nickel.

I haven't heard anywhere else that the Mint has decided to make a design change in 2008.

CaptHenway · March 31, 2007 6:16AM

<< If I'm not mistaken, I think the enabling legislation allows the mint to change the design. Except that the first year of issue had to be the obverse design of James Earle Frasers original Buffalo Nickel.

I haven't heard anywhere else that the Mint has decided to make a design change in 2008. >>

Exactly correct. The Mint may change the design if it wishes to. It does not have to.

By the way, a dealer friend in Arizona says he has seen an ad taking "pre-orders" or something like that for a 1/10 oz Buffalo gold at $75. There is some wording that they have to wait for your check to clear. Since the 2006-W gold eagle sold for $85 last year and there will be no generic 1/10 oz gold Buffalo this year, this sounds like a mighty scam. Does anybody have a copy of this they can run on here?

TD

ricko · March 31, 2007 6:53AM

TV huckster sales hype.... they have no clue... but they sell volumes to the uninformed... Cheers, RickO

dpoole · March 31, 2007 7:34AM

A marketing company hired by the Mint sent out an invitation to participate in a lengthy online consumer poll about a month ago. It was anal and tedious (took about 25 minutes to plow through it).

One of the questions, though, was whether the Mint should change the design of their .999 bullion coins every year, every few years or not at all. They plainly are contemplating the prospect.

(For the record, I voted not to change it. I think the Buff design is a classic and very good looking, particularly in the gold).

JimDepot · March 31, 2007 8:23AM

<< A marketing company hired by the Mint sent out an invitation to participate in a lengthy online consumer poll about a month ago. It was anal and tedious (took about 25 minutes to plow through it).

One of the questions, though, was whether the Mint should change the design of their .999 bullion coins every year, every few years or not at all. They plainly are contemplating the prospect.

(For the record, I voted not to change it. I think the Buff design is a classic and very good looking, particularly in the gold). >>

They could revisit the older coins every year. Mercury Dime, Flying Eagle cent, or anything that you like and change it every year.

Think about it. What's the difference between the 2006 Gold Buffalo and the 2007? The last digit in the date.

Jim

trozau · March 31, 2007 8:37AM

I was dissappointed when I saw that the Mint did not opt to change the buffalo design for 2007. Variety is the spice of life. There is endless possibilities of how they can represent the buffalo image on the reverse. I would welcome the change and will keep up with the series if and when they do.

Otherwise I will stop at the 2006 example that I have.

COINB0Y · March 31, 2007 9:55AM

Legislative page

Yes, the Law says this COULD very well be the last year for Buff design, but not the 1 ounce Gold Bullion coin.

The Buffalo Coin Law IS HERE: Text

sTAR AT pAGE 10 OF THE 13 Page Document for the exact details.

pf70collector · March 31, 2007 10:50AM

Guess we will have to wait til 2008, but I will pick up the 07 version anyway just in case. Thanks for the feedback. Something to keep an eye out for in 08 though.

JimDepot · March 31, 2007 11:07AM

<< Legislative page

Yes, the Law says this COULD very well be the last year for Buff design, but not the 1 ounce Gold Bullion coin.

The Buffalo Coin Law IS HERE: Text

sTAR AT pAGE 10 OF THE 13 Page Document for the exact details. >>

PRTCOINS · March 31, 2007 11:07AM

Anyone know of any lesgistlation that requires that these buffaloes be made indefinetely?. >>

No I haven't heard of any lesgistlation (legislation) that they would make these coins indef. News to me, but thanks for the info if correct.

VicDaewoo · March 31, 2007 12:30PM

that guy Chambers is one of the biggest BS artists around..

ILikeMercs · March 31, 2007 12:38PM

<< that guy Chambers is one of the biggest BS artists around.. >>

bull elmoer extraordinaire..........

morgansforever · March 31, 2007 12:44PM

How about some fractional 24kt 07 buffs. A 1/4 oz. buff would be close to the size of a nickel, real cool.

Overdate · March 31, 2007 3:58PM

How about some fractional 24kt 07 buffs. A 1/4 oz. buff would be close to the size of a nickel, real cool.

Agreed, and I hear they are planning to make fractionals, both proof and "W" uncirculated.

I wonder if there will be problems with the date wearing off?

Buffalo Gold Rumor

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