How Many 2013 Buffalo 1-Oz Gold Reverse Proof Will You Buy?

Finally! I've got this beauty in my grubby hands!

Initially I went ballistic because I thought there was a scratch on the check of the obverse. I oh so carefully removed it from the airtite capsule and gently touched the scratch with a Q-tip.

It moved! Turns out that it was a small fragment of the airtite which must have broken off when they placed the coin inside of it.

So....without further ado, here it is!

2013 RP Buffalo






It is stunning in person! I'm so glad that I took the plunge and picked one of these up. It is the flagship of my coin armada!

1913 type I and II of course. :-)

I think I decided I'm disappointed with mine... If I call the mint can I get a replacement or just a refund?

I love having it for my collection. But long term I'm questioning it appreciating as an ungraded coin. It's my first gold coin and maybe just a little disappointed that unless it says pf70 on it they are already selling for just under issue price. On the same token I didn't have the cash to preorder a graded one and now I feel like they may have seen the initial bump already and will likely hover around $2200 for a while... Obviously I'm just expressing worries since it's a larger investment for me. As a numismatic piece I think it's awesome I just don't wanna get paid spot for it 5 years from now if I need to liquidate it...

Stev-

you did well friend, buying the reverse proof buff. It is going to accrue value.

I am a strong proponent that when you collect coins they do two things-

1- gives you a hobby you enjoy and learn much about and expands your horizons

AND

2- the coins you buy gain value over time. Some coins will rip and rip higher because of demand and others will slowly grind higher. I have a simple rule. If a coin I have purchased is even 5% higher from where I bought, in most cases over time it continues to steadily climb higher.

The reverse proof buffalo is going to be a slow grinder at this point. It is still a unique coin, it wont be done again and will be sought after.

So, dont worry, you are gonna be fine.

Time will tell if the demands are going to make this one go up or most likely I think going to stay around the purchase price. The lower mintage doesn't always account for price gain toward future. Also too many TPG MS-70 graded.

I want to address a few things-

1- I got this coin and all others because I enjoy coins, they are neat and I love learning and having something from a different country. I also did not expect it to rip higher out of the gates.

2- Inflation,,, whats that? The Fed has tried to inflate and they have.... but it has done NOTHING for gold and silver going forward. So please dont buy coins because you are hoping for inflation to run wild. Furthermore, even it should, it won't help silver and gold going forward.

3- Mac has a good point, actually GREAT point. Low mintage does NOT guarantee higher prices for coins. That's why I like to watch coins and their prices... when I see a coin start to take off, I dip my toes and buy one and usually 9 times out of 10 they do rip higher and stay there and give enough cushion. I will be asking the community for suggestions on grades and years and ideas down the road.

4- TPG mentioned about getting some older Buff Nickels. I am thinking the same just dont know where to start. I also like that older Buff set in silver that came out in 2001 was it? Mac showed me a pic of it in this thread.

5- Again, while I do buy coins I enjoy, I do also buy them because of potential increase in investment value in the future.