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Advice Need Re: 50 Dollar Buffalo

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ratman4762's Avatar
United States
2520 Posts
 Posted 12/29/2009  10:40 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
I shudder when I think about how much hard earned money has been spent on things like this.
New Member
Affirmation's Avatar
United States
19 Posts
 Posted 12/30/2009  12:43 am  Show Profile   Bookmark this reply Add Affirmation to your friends list Get a Link to this Reply

Quote:
These ads make me cringe whenever they're on the air.
A couple years ago my mother bought this for me as a gift.


Your mom didn't know better but she still was thinking of you :)
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 12/30/2009  02:36 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply


Quote:
Your mom didn't know better but she still was thinking of you :)


Thanks for the affirmation Affirmation.

The killer was this: After she gave it to me I told her never to buy anything like this again. That it's a waste of money and time and if you just give me cash I'll find a decent coin.

Well Christmas 2008 came along and I had another gift from her. You guessed - more gold replicas!

Here they are:

Advice-Need-Re:-50-Dollar-Buffalo

Advice-Need-Re:-50-Dollar-Buffalo

She paid $100 for this "National Collectors Mint" set! We had a long conversation after this gift was given to me. She said she would never order from them again but now they were sending her certified mail solicitations that she had to sign for!

Oh well! Anybody want it? $15 delivered......
ANA #R3154474
Valued Member
Ferret552's Avatar
United States
168 Posts
 Posted 12/30/2009  02:38 am  Show Profile   Bookmark this reply Add Ferret552 to your friends list Get a Link to this Reply
At least you get some... airtites? Those must be useful later on.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 12/30/2009  09:38 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
OH MY !! .....
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Affirmation's Avatar
United States
19 Posts
 Posted 12/30/2009  11:32 am  Show Profile   Bookmark this reply Add Affirmation to your friends list Get a Link to this Reply

Quote:
Thanks for the affirmation Affirmation.

The killer was this: After she gave it to me I told her never to buy anything like this again. That it's a waste of money and time and if you just give me cash I'll find a decent coin.

Well Christmas 2008 came along and I had another gift from her. You guessed - more gold replicas!


Okay that made me laugh! I'm glad you had a long talk with her. Yeah...those coins just aren't as exciting with the big words "COPY" over them, LOL! Sad when you can't even give away a coin isn't it? Have you tried listing them on ebay?
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legend444's Avatar
United States
5 Posts
 Posted 01/02/2010  10:04 pm  Show Profile   Bookmark this reply Add legend444 to your friends list Get a Link to this Reply
Thank You for you the posted information regarding the 50dollarbuffalo coin advertised on TV. I was excited about the cost and about starting a liitle gold investment but had done earlier research on the internet and went to do more and that is how I came upon this community.I'm glad I did and decided against buying those coins.I am really very knew to all this but I do believe in doing research and asking questions. Does anyone know how to go about buying a real gold bar in an ounce size or is it better to invest in gold coins?

Thank You,
Sal
Pillar of the Community
Saruma's Avatar
United States
968 Posts
 Posted 01/02/2010  10:45 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I don't think they make gold bars in 1 oz. sizes. You would probably want to focus on bullion coins as they are intended to be the 1 oz. "gold bar" in effect. If you bought an actual 50 dollar buffalo gold bullion coin you'd be doing fine. The only thing we were warning you about was the fake coins being sold in those ads.

In other words, that website/tv ad was not inventing the concept of the $50 gold buffalo, they were making a copy of an actual coin made by the US mint. The difference being that the one made by the US Mint is pure gold while the one you were looking at was only covered in a minuscule amount of gold.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 01/02/2010  10:57 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I saw those Gold Bugffalo's tonight on TV myself and thought "boy oh boy I hope no one buys those things thinking they are real gold" because their pitch was pretty good talking about how high precious metals were right now then they threw in that this was so many mm's of pure gold over something worthless and I was hoping everyone would hear that and know it wasn't a real 50.00 gold piece because it looked just like a real Gold Buffalo except it had copy on the Indian and instead of Pure gold it has the thickness of gold
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jokingjoker's Avatar
United States
2150 Posts
 Posted 01/03/2010  4:13 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply

Quote:
I don't think they make gold bars in 1 oz. sizes


They most definitely do!
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legend444's Avatar
United States
5 Posts
 Posted 01/04/2010  10:10 pm  Show Profile   Bookmark this reply Add legend444 to your friends list Get a Link to this Reply
Wanted to ask if the United State Mint the only really good place to buy real bullion gold coins or are other places reliable like Blanchard or Monex.And possibly ebay?I noticed the prices on Blanchard a little less than the US Mint by a couple hundred dollars.

Thanks,
Sal
Pillar of the Community
jokingjoker's Avatar
United States
2150 Posts
 Posted 01/04/2010  10:14 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply

Quote:
Wanted to ask if the United State Mint the only really good place to buy real bullion gold coins or are other places reliable


I have bought from APMEX a few times and have always been pleased.
Edited by jokingjoker
01/04/2010 10:15 pm
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 01/04/2010  10:20 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Much of my gold coinage is from ebay purchases. Most of the balance is from APMEX and BST on Collector's Universe.

APMEX has decent prices and if you want strictly bullion, they are hard to beat.
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BadThad's Avatar
United States
19945 Posts
 Posted 01/04/2010  10:29 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Interesting, they put out the 31 mg of gold statement because most people have no clue how little gold that really is. You have to admit, they really don't say anything that's not true. It's as if the whole thing was done by a lawyer.
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Valued Member
United States
467 Posts
 Posted 01/04/2010  11:12 pm  Show Profile   Bookmark this reply Add oober to your friends list Get a Link to this Reply
Wanted to ask if the United State Mint the only really good place to buy real bullion gold coins or are other places reliable like Blanchard or Monex.And possibly ebay?I noticed the prices on Blanchard a little less than the US Mint by a couple hundred dollars.

Thanks,
Sal


Please don't buy from Monex. They don't have the best business practices. Always research a company before buying from them. I've had good experiences on ebay, look for sellers with good feedback, they sell predominately in coins/bullion, and they are not from Asia.
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