New To Hobby/Have Many Questions/Buffalo Gold

I will agree with AuldFartte. To me, other than a very attractive design (or more precisely an old time-tested), there is nothing rare about 2007 gold buffalo bullions, which are available now. I will wait and see the BU W as us mint promised, which I think will have lower mintage similar to BU W 2006 AGE.

Another thing, don't fall for the "First day release" or "First Strike". Those are stuffs, nothing more than money suckers. If you buy it for little over spot, go for it as gold investion. As coins, you have better choices.

Hello Vincent and welcome to the forum!

Keep in mind that the Buffalo gold bullion coins will probably never have much of a numismatic value(I assume you are referring to the uncirculated investment version, not the proof collector version), their value will always be closely tied to the price of gold.

Hi Vincent and welcome to the forum. For some reason writing in all capital letters is considered yelling and is frowned upon. Just a friendly heads up...enjoy the forum and try to remember to type in lower case.

Not a problem. We're glad you joined and hope you will just relax and enjoy yourself. I fixed your post above.

To answer your question, I personally do feel that the modern coinage is a good investment. If you like the designs and want to collect them for that reason and just to enjoy them, that's different. Most modern coinage is being produced in too great of a quantity to really appreciate (though there have been individual dates and mints of certain series that have increased quite a bit.)

It doesn't help that the Mint cannot be counted on to stick to their original mintage figures. On several occasions now, they have stated that certain sets would be limited in numbers and then have begun producing them again as they realized that they could still make a profit since the demand was so high.

As a result, I would recommend older gold and silver in collectable grades. These will cost you a little more now, but I think they will continue to increase in value. More and more people are getting involved in numismatics as a result of the State Quarters, Buffalo, Peace, and Keelboat nickels, and the Presidential dollars. I believe that those people who then decide that numismatics really interests them will then turn to the classics. As more and more do this, I believe the value of the older coins will rise considerably.

We have already seen this with the old, large copper coins. Morgan dollars in circulated grades have risen quite a bit also. Just something to think about.

Your concerns make perfect sense. It looks like your planning on paying some good money for nice coins. Look at the prices of gold and silver in the past 10 years. 10 years ago silver was below $4 an ounce. Gold was under $200 an ounce. Does a 100 to 200 percent profit sound good to you? Or would you rather try investing in a savings account? I think you get the point...

Also, key date coins are also good investments. For example, a 1916 D Mercury dime. In Very Good condition it will cost you $1200 or more. I am extremely confident that this coin will do noting BUT increase over time. It's just so popular and needed in so many differnt ways. If you could buy this coin in Fine or better condition, the profit will be even more. The the initial investment will cost quite a bit more.
Just my opinion,
Ty

Modern gold coins are often overpriced and if you are very unlucky, the Mint could just overhype it and sell it way too high. The consequences is that over time, prices go down, even lower than original mint issued prices at times!

Gary - definately a nice price that you paid for gold back then!