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So What 'S A Slabbed Coin Label Mean Anyways?

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4504's Avatar
United States
379 Posts
 Posted 01/26/2018  02:31 am Show Profile   Bookmark this topic Add 4504 to your friends list Get a Link to this Message Number of Subscribers
Hi all

I have been interested in the Indian buffalo gold coin for some time now, I cannot afford the old "real" ones so the only option is to look at the "new" 1 oz reproductions. In 2013 a reverse proof was offered. Here are the choices I was confronted with as far as the label was concerned. Did I want a...

a SP (specimen) strike
the first day of issue
the first year of issue
a gold foil one, or perhaps
a buffalo label one (two types)
an ANA release
or an early release one
a signed by whoever one
a first strike
a black diamond label
perhaps an eagle label
or just stick with the standard brown label?
what about that nifty blue label
the black slab edition?
perhaps the first day strike
the 2013-W 100th anniversary issue
or, if interested in another year or type, did I want the m.s. (bu) strike, a burnished one, or did I want the U.S. mint 225th anniversary issue... in either a red or blue label?

point being, I think that some of this is all a bunch of hooey. yes, I know the saying... "buy the coin, not the label". I just wanted to point out that the gold buffalo issue has got to hold the record on slab labeling propaganda. I am not saying that labels hold little worth, but come on now!

*** Moved by Staff moved to a more appropriate forum. ***
Edited by 4504
01/26/2018 05:12 am
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John1's Avatar
United States
56855 Posts
 Posted 01/26/2018  04:50 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Here's my Two Cents: Unless you collect labels,get the one with the lowest mintage of that particular coin.Get the type you like best, a burnished one, or did I want the U.S. mint 225th anniversary issue.
John1
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4504's Avatar
United States
379 Posts
 Posted 01/26/2018  05:20 am  Show Profile   Bookmark this reply Add 4504 to your friends list Get a Link to this Reply
personally, I like the 2013 black slab reverse proof one. it seems to make the gold stand out. I am familiar with all the marketing label gimmicks and I strive to always get a coin that either has the lowest mintages or are listed as a population of only one (the one I buy). the reverse proof black slab gold buffalo issues reproductions seems to have about the lowest population for the black slab editions (I think they were offered only in 2013). having said that, I just may look at one of the old "real" ones... it won't be one ounce but at least it will be original.
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John1's Avatar
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56855 Posts
 Posted 01/26/2018  08:38 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Quote:
lowest population for the black slab editions

With that statement it sounds like you would be buying the slab not the coin. If you can afford a "real" one go for it. I think in the long run you will be much more happy.
John1
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moxking's Avatar
United States
17900 Posts
 Posted 01/26/2018  09:03 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
With all those options, if the coins are in equal grade, buy the one at the lowest price.

Doesn't seem hard to me.
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4504's Avatar
United States
379 Posts
 Posted 01/26/2018  10:16 am  Show Profile   Bookmark this reply Add 4504 to your friends list Get a Link to this Reply
I've decided against buying any of these. I just don't see the need for all these labels and suspect that most of it is just marketing gimmicks to suck people in.
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Coinfrog's Avatar
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94367 Posts
 Posted 01/26/2018  10:20 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Probably a good decision until you learn more about the subject and the extent of your interest.
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Conder101's Avatar
United States
17884 Posts
 Posted 01/26/2018  2:09 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
{quote]I've decided against buying any of these. I just don't see the need for all these labels and suspect that most of it is just marketing gimmicks to suck people in.[/quote]
Very good grasshopper.
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4504's Avatar
United States
379 Posts
 Posted 01/28/2018  6:34 pm  Show Profile   Bookmark this reply Add 4504 to your friends list Get a Link to this Reply
thanks for your replies

once I started adding it up, I became convinced that this particular coin was issued solely to play on people's passions or ignorance. I mean, has anyone ever seen so many types of labels on any coin you've seen before? This is a gimmick marketing coin issue on purpose by the mint as a big bogus retail semi-scam, in my opinion. This was reinforced by the the commercials that were all over tv, in which a gold plated version was hyped in an infomercial fashion. You remember the one... only 5 sets per address, the gold plating was four nines, they stressed this, yes, 9999 gold plating, then showed the price of a gold chart showing gold was going up, as if one could make a fortune by buying it. Heck, you could have a thousand of them and you would not get rich. That coin I doubt had more than a few grams of gold on it, but the tv watcher was advised to buy in to "avoid future regret". yes, hand it down to your decendants... show them that your life had meaning! It was meant to sell for $50, but in a blessing for buyers, it could be had for $9.95 and came with a COA! A coa for a $10 coin to try to make the buyer think boy I better jump on it. The spent a good part of the commercial talking about how valuable the original coin was... not the copy. For those of you that do not remember it, here is a youtube video for it. misleading at the least... it seems that this coin is the choice for scammers... whether they are real or not. my opinion only... mike

BFQVFwT-tpw

*** Edited by Staff to add YouTube tags. [youtube][/youtube] Please use them in the future. We prefer embedded video. ***



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