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 Replies: 12 / Views: 2,099 |
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Pillar of the Community
United States
1541 Posts |
I read some where that Buffalo fractions will be available this summer. Does anyone have more info on this? Such as the prices?
Thanks!
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Pillar of the Community
United States
632 Posts |
I also read somewhere about that. The article was a little vauge so at the time I went online to research it a little more, but came up with nothing really. Just that they're comming out this summer.
They pricing I think would be interesting because I always thought that the gold eagle was 22k and the gold buffalo was 24k, meaning the gold buffalo was purer than the eagle. But the buffalo (according to current mint listing price) sells fo A LOT less than the eagle. So maybe I got my facts wrong.
Either way, I can't aford one.
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Pillar of the Community
 United States
1541 Posts |
I can't afford the 1oz either which is why I'm counting on the fractionals.
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Pillar of the Community
United States
6326 Posts |
Quote:
All American Eagle Gold Proof Coins are legal-tender and contain 91.67% (22 kt) gold.
The one ounce coin, $50 face value, is 1.287 inches in diameter, contains one gold troy ounce and weighs 1.0909 troy ounces. The one ounce coin, $50 face value, is 1.287 inches in diameter, .0113 thickness, contains one gold troy ounce and weighs 1.0909 troy ounces.
The one-half ounce coin, $25 face value, is 1.063 inches in diameter, contains 0.5000 gold troy ounces and weighs 0.5455 troy ounces.
The one-quarter once coin, $10 face value, is 0.866 inches in diameter, contains 0.2500 gold troy ounces and weighs 0.2727 troy ounces.
The one-tenth ounce coin, $5 face value, is 0.650 inches in diameter, contains 0.1000 gold troy ounces and weighs 0.1091 troy ounces Quote:
The gold Buffalo .9999 24 karat gold, is $50.00 face value and 1.287 inches in diameter, 0.116 thickness, contains one gold troy ounce and weighs 1.0001 troy ounces Above shows some differences between the two one ounce coins.If the "Buffalo Fractionals" are similarly comparible to the Eagle fractionals........not a bad deal I think...... But yeah.....on the "fractionals".......those prices aren't usually known until the very last minute, as per usual, so that the Mint can make the most money for themselves !.And, as I'm sure you know, they aren't afraid to RAISE prices when the market goes up at any given instant!..  .... Sadly, they won't sell gold at a "bargain price" for us regular ole citizen coin collectors......! .....You can bet on that ! So we'll be able to get a Buffalo Fractional for less money than the 1oz. coin and sure, of course that's appealing.....but it'll be the size of a thimble for a couple hundred dollars still !...[  The one tenth oz. 2008 Eagle is what......$150.00 plus shipping & handling !?.....let's see how that "thimble" sized piece of gold stabilizes for the duration of the time they're available this year and next year!......that just SUCKS!...  ...  ....  But I secretly hope gold takes a huge DIVE and plummets down to $140.00 an ounce so I can buy a wheelbarrow full.......then let it climb up over the next 30 years or so!...  Edited by eaglefoot
05/13/2008 4:55 pm
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Pillar of the Community
United States
632 Posts |
Personally, if I ever invested in gold I would do it with the old early 1900's coins, the eagles and such. Not only do they have a bullion value but a numismatic value as well. Plus they're cool. But I also think if the price of gold went down then it wouldn't change the dealers price on these coins. Because a dealer wouldn't buy a coin in one year when gold is 800 dollars and ounce only to sell it for a lesser price than he bought it for if the price of gold where to go down. Does that make any sense? So if gold where to go down it probably would make good fiscal sense to invest in modern minted gold.
Ah, this reply was totally unnecessary.
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Pillar of the Community
United States
1541 Posts |
I understand what you're saying, I just like the Buffalo design. I bought the UNC gold 1oz when it was first issued, I think it was around $600. If they're offering fractional coins, its more affordable.
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Pillar of the Community
United States
2269 Posts |
I just looked at the mints website under the product schedule. It says the uncirculated and proof buffalo will be issued either July or August.
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Pillar of the Community
United States
6326 Posts |
Spider5689.... The half oz., the quarter oz. and the one tenth oz. Buffalos must have that release date then, because the 2008 Buffalo has been available for shipping already I believe since late February. This release date has to be for the "fractionals" then ! Woooo Hooo !..... More affordable and certainly neat, but still gonna be way too expensive for such a tiny little gold coin (esp. the tenth oz.!), but on the other hand, it might not get any cheaper for quite some time to come, so......... Just two or three years ago, i'd have been MIGHTY interested.....not so sure now...  |
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Pillar of the Community
United States
1541 Posts |
Is the 1/10th the size of a nickel?
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Bedrock of the Community
United States
12437 Posts |
Assuming the specs will be the same as the gold Eagles, the 1/10oz Buffalo would be smaller than a dime(16.5mm vs 17.9mm). On the bright side, they are bigger than a 3CS(14mm) The 1/4oz is 0.8mm larger than a nickel(22mm vs 21.2mm) |
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Pillar of the Community
United States
1541 Posts |
Thanks, so what I want to get in the 1/4oz.
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Pillar of the Community
United States
6326 Posts |
1/4 oz. Gold Eagle is $330.00..(plus shipping & handling)....so IF the Buff's are the same size, they MAY be that price or likely "higher" than that ! (since they're not due to be released for 3 or 4 months yet.......plenty of time to raise the prices of gold AGAIN!) ... Edited by eaglefoot
05/15/2008 08:27 am
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Bedrock of the Community
United States
12437 Posts |
Quote:
1/4 oz. Gold Eagle is $330.00..(plus shipping & handling) That is the price for a proof 1/4 oz with the W Uncirculated version at $300 and the bullion version is ~$250(only available from secondary dealers) |
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Replies: 12 / Views: 2,099 |
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Posted 05/13/2008 2:53 pm
