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All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

Gold Buffalo Bullion Mint Mark Question

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Author Previous TopicReplies: 3 / Views: 1,129Next Topic  
SwwPlayboy86
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 Posted 02/20/2019  5:45 pm Show Profile   Bookmark this topic Add SwwPlayboy86 to your friends list Get a Link to this Message Number of Subscribers
I was at my local coin shop today looking at some of their gold buffalos.

From what I understand, all these were minted at west point. I noticed the proof coins had the "W" mint mark is on the obverse side behind the neck. When I looked at the regular finish ones, there was no mint mark.

Why is this? Or is the mint mark in a different location for the regular MS buffalos?
MeadowviewCollector
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 Posted 02/20/2019  7:22 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

The reason there is no mint mark on the regular finish is because these are meant to be viewed as bullion coins rather than collector coins.

The Mint strikes Proof finish coins to satisfy collector demands for a mint marked version.

Coin dealers, pawn shops, etc. could care less whether its uncirculated or proof---most would price them spot plus a premium.

Others may disagree on my last point.

-MV
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SwwPlayboy86
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 Posted 02/20/2019  7:30 pm  Show Profile   Bookmark this reply Add SwwPlayboy86 to your friends list Get a Link to this Reply
Meadow, thank you for the info!!
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CelticKnot
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 Posted 02/20/2019  9:09 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Yep. You'll find the same is true with bullion American Silver Eagles ( no mint mark).
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All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors



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