Latest Mint stats are quite telling....fractional buffaloes, where's the excitement??? Updated Buff

Goldbully · October 14, 2008 8:51AM

Plats are quite low in numbers, but I'm amazed at the paucity of sales of the fractional Buffaloes.

Remember all the hubbub and excitement over this issue.....right here on this forum!!!!

Will these coins one day have some value based on scarcity???

Will sales pick up by years end???

NN Link

fc · October 14, 2008 8:56AM

Saturation of the modern market for mint made "collector" coins is
almost complete.

Less and less people care I would guess.

RYK · October 14, 2008 9:00AM

<< Saturation of the modern market for mint made "collector" coins is
almost complete.

Less and less people care I would guess. >>

I agree. But if they would only make proof plats with the "W" mintmark in the three-quarters ounce size with a Presidential dog on the obverse and a WWII vet on the reverse, I would be all over it.

TheRaven · October 14, 2008 9:12AM

The numbers for the fractional buffaloes are not that low, then again I am comparing it to the platinum coin mintages.....

morgansforever · October 14, 2008 9:32AM

I like the 1/4 oz. Buff, because it's almost the size of a nickel, but for $1156 an oz. I'll pass.

I haven't seen any 1/4 oz. slabbed Buffs on Ebay, have any of you?

Scott

Goldbully · October 14, 2008 10:09AM

<< I like the 1/4 oz. Buff, because it's almost the size of a nickel, but for $1156 an oz. I'll pass.

I haven't seen any 1/4 oz. slabbed Buffs on Ebay, have any of you?

Scott >>

morgansforever, you are correct.....$1150 spot makes it a tough purchase for sure.

I have a 1/4oz. Proof. It looks PR70 to me......I think I'll add it to my next free submission to PCGS seeing these low #'s.

Hey, rgCoinGuy.....did you get your 1/4oz. proof slabbed????

GB

Konahead · October 14, 2008 10:12AM

what happened was the economy and two many issues from the mint . IMHO
.

lope208 · October 14, 2008 10:16AM

<< what happened was the economy and two many issues from the mint . IMHO
. >>

EXACTLY.

Goldbully · October 14, 2008 11:27AM

<< what happened was the economy and two many issues from the mint . IMHO
. >>

Hard to disagree!!!!!

Hope the sales stop here.....my little coin will be quite valuable one day!!!

coinman420 · October 14, 2008 11:43AM

<< I like the 1/4 oz. Buff, because it's almost the size of a nickel, but for $1156 an oz. I'll pass.

I haven't seen any 1/4 oz. slabbed Buffs on Ebay, have any of you?

Scott >>

they have been on the bay for a while now...spam warning...morgansforever, if you want to see some click my sig line

those sales #`s will go up. JMO

fcloud · October 14, 2008 11:46AM

The mint has now priced many collectors out of the market. I used to order one of everthing many years ago. Then I would get a mint set, proof set and some commems. This year I would have to spend more than my budget for coins for a number of years just to buy one of everything. They are going too far for many, so many will have to skip getting one of everything.

jmski52 · October 14, 2008 11:50AM

if they would only make proof plats with the "W" mintmark in the three-quarters ounce size with a Presidential dog on the obverse and a WWII vet on the reverse, I would be all over it.

Didn't you get the memo? All it takes is a modest campaign contribution, and it's yours!

CB2597 · October 14, 2008 11:57AM

<< I like the 1/4 oz. Buff, because it's almost the size of a nickel, but for $1156 an oz. I'll pass.

I haven't seen any 1/4 oz. slabbed Buffs on Ebay, have any of you?

Scott

Did you mean this one?
>>

Goldbully · October 14, 2008 1:01PM

<< 

<< I like the 1/4 oz. Buff, because it's almost the size of a nickel, but for $1156 an oz. I'll pass.

I haven't seen any 1/4 oz. slabbed Buffs on Ebay, have any of you?

Scott

Did you mean this one?
>>

>>

Goldbully · October 15, 2008 2:03AM

For those that missed it last night!!!

19Lyds · October 15, 2008 3:05AM

I think the excitement has been lost over the fact that these are just bullion and not really "collectible coins". Given the fact that each coin is almost exactly the same in grade lends to the disinterest as well. MS70 and PR70 appears to be the norm so where the competition in grade? Given the current populations, having an MS/PR70 coin ins these is simply nothing to really crow about compared to coins which are difficult if not impossible to get in an MS/PR70.

It seems to me that there are a lot of folks that are still stuck in the "low mintage rage and panic" that was created with some recent low mintage bullion coins and bullion coin sets. Flipping was high and profits were handed out like free candy on Halloween night. However, the big profit days and big flip days are over and now folks have coins that are not necessarily increasing in value from an investment standpoint.

You've got to admit that the "buy it today for $100 and sell it tomorrow for $200" is an exciting thing to participate in but it has to stop sometime and perhaps that sionetime is now.

As an example, low mintage or not, what would happen to the value of this stuff if folks just stopped collecting them? Not enough collectors means small profit margins which means somebody gets left holding the bag. Collectors get stuck with an item that appreciates very little and even has the potential for a loss at a future sale.

IMO, the US Mint has saturated the coin hobby with an unrelenting onslaught of new products which will backfire soon enough so that folks start looking at these new products the same way they look at "new US Postal Stamps".

TheRaven · October 15, 2008 4:00AM

19lyds,

That is all true to be sure.

But the mintages are also not that small.

19Lyds · October 15, 2008 4:04AM

Which I do understand but speculating in bullion under the auspices of coin collecting is all that a lot of this appears to be since 2006.

Goldbully · November 7, 2008 11:31PM

latest fractional Buffalo pops!!

Latest Mint Stats!!

Not much of an increase since OP.....Oct 14th

Latest Mint stats are quite telling....fractional buffaloes, where's the excitement??? Updated Buff

Comments

Leave a Comment