Over $600 for empty box for $50 Buffalo!

greghansen · January 5, 2010 7:10PM

I'll admit I 'dont get it' when it comes to multiple people who will pay hundreds of dollars for the empty mint packaging for this coin. You can buy the empty 4 coin set boxes all day long for under $50, but if you want the single $50 unc. box...its over $600. Maybe I'm just jealous I don't have a few to sell!

Linky for EBAY auction of 2008-W $50 Unc. Buffalo EMPTY BOX!

I thought it might be a 'shill bid' scam but when I looked at past results I saw 2 other completed auctions with these empty boxes going for 'moon money'.

An earlier EBAY auction for empty box for $50 Unc. 2008-W Buffalo selling for $575.

Frankcoins · January 5, 2010 7:32PM

The Unc boxes are being resold with an added fake coin from China for $1000 to $1200. Fake proofs to fill the 4 coin sets are not yet available.

FullStrike · January 5, 2010 7:42PM

So why can't they fake the Mint Packaging?

greghansen · January 5, 2010 8:18PM

The Unc boxes are being resold with an added fake coin from China for $1000 to $1200. Fake proofs to fill the 4 coin sets are not yet available.

Wow. That's an eye opener. Hadn't even thought of that. Great scam.

As an extra general observation on the purpose and usefullness of this forum in general. This is a perfect example of the value added of having dealers participate in this forum. I consider myself a 'dedicated amatuer' when it comes to coin collecting...but I would have never figured that out myself or had access to sources who would have alerted me to that potential danger in buying a raw $50 unc. Buffalo in original mint packaging. Despite the occassional rush to bash dealers for some real or imagined transgression, the educational value of this place would be greatly dimished without the selfless participation of several dealers who chose to participate here. Thanks Frank.

lunytune2 · January 5, 2010 8:48PM

The National (I don't know the name) Mint is selling copies , gold plated for $19.95 on TV

HIGHLOWLEAVES · January 5, 2010 8:56PM

There is always Two Sides to each coin... Might a serious collector have purchased a certified 2008 W $50 MS coin which is extremely low mintage as a single coin w/o the USM packaging and now wants their potential, spectacular modern coin investment to be complete.... maybe this senario is too Simple to beleive !!!!

morgansforever · January 5, 2010 9:21PM

<<The National (I don't know the name) Mint is selling copies , gold plated for $19.95 on TV >>

I found the link what a joke, hyping up gold through the whole video. Graphs and charts illustrating
the upward movement of gold, accept what there offering is .0000001 oz. of gold.
Strict limit of 5 per customer, yeak ok. Sadly there are some thinking they just bought an oz. of gold for $19.95.
This video is hilarious,
scott

tributeproof

Gemineye · January 5, 2010 10:06PM

The Mint employees and P.T.Barnum are getting a good laugh...as ole' P.T. said...

<< <i>There's a sucker born every minute >>

NitroCruiser · January 6, 2010 2:46AM

Wow, up to $650 for the unc box! And to think I was upset that I bought my little collection of one each 2008's individually. I wanted them all in the four coin box, but due to funding bought individual over time. Pity mine are proofs though.

2manycoins2fewfunds · January 6, 2010 2:58AM

Just curious but if mint melts returned coins what does it do with returned packaging??

diamondman · January 6, 2010 3:01AM

<< <i>Just curious but if mint melts returned coins what does it do with returned packaging?? >>

Sells them on ebay under an Alt ID!

2manycoins2fewfunds · January 6, 2010 3:35AM

Probably keep a few for a short while to replace damaged goods then I'm sure they just dump them.
Too bad........

dcarr · January 6, 2010 3:38AM

<< <i>The Unc boxes are being resold with an added fake coin from China for $1000 to $1200. Fake proofs to fill the 4 coin sets are not yet available. >>

Perhaps, but I doubt that any such scammer would actually pay $600 (or even $200) for a box.

lunytune2 · January 6, 2010 3:44AM

If you run short on cash ... keep the coin , sell the box

pcgs69 · January 6, 2010 9:30AM

Of course it sells for that much, I sold mine early last year for like $30...

I still got a quarter ounce box and a 1/10 oz box. Retirement, here I come! I'm sure these boxes will fizzle and be worth nothing though because I still own them.

Over $600 for empty box for $50 Buffalo!

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