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 Replies: 10 / Views: 1,220 |
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New Member
United States
47 Posts |
Ok I know what you guys are thinking, just another coin rookie spewing at the tip of his tounge. I just decided to buy 2 more uncirclated $50 Buffalo Coins at $625.00 a piece instead of 1 PROOF $50 buffalo coin at $800.00.
I see it this way, both coins are 1 oz of .999 fine gold. I just received my first $50 buffalo coin from NGC and it came back Ngc 70 so for the long term investment I think this time its QUANITY not QUALITY?
It would be a great time to vote on the $50 Buffalo Vs the $50 Proof Buffalo on the merit of more gold per $1 or the Beauty of a Coin? Coin Hog
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Forum Kid
Kuwait
1523 Posts |
Even though I can't afford a quarted oz. I must say it depends, if youre doing a Yearly/Type/Gold, you buy for Quality and it adds on as a collectors coin, while if your an investor you wouldn't care about condition as long as it sells for melt value+/-
TKC!
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Rest in Peace
United States
3730 Posts |
CoinHog:
I agree with what you did,
It's what I would do if I had that much money to spend.
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Bedrock of the Community
United States
12437 Posts |
IMO, the uncirculated version is just investment grade bullion whereas the proof is the version made specifically for coin collectors. If I am trying to obtain a type example, I will always go for a proof version. If I am just after gold or a date series, the MS examples are the best bang for the buck. For full disclosure, I have an almost complete date set of ASEs in MS condition but a proof version(purchased at the Denver Mint gift shop) resides in the ASE slot in my US Type album. Trying to assemble a date set of proof ASEs would be a pricey endeavour  Edited by biokemist6
07/07/2006 4:38 pm
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Pillar Of The Community
3147 Posts |
I look at gold exactly as you do and fail to see the huge price differences between the unc. and proof. If the gap was closer I do like proofs but will not pay the extra money for them. I look at gold as both a collectable and as an investment so I am very content to hold unc. coins.
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Valued Member
United States
177 Posts |
if I could afford one, Id go for the proof, which will always be worth a lot more than the bullion strike, not to mention that the proff coins look much better.
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Valued Member
United States
94 Posts |
A couple weeks back I was lucky enough to scoop up an uncirculated Buffalo for the same you paid. I also found it hard to justify the $800 price tag for a proof.
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Pillar of the Community
United States
1327 Posts |
this is a hard call because looking through the value of the AGE I don't see much difference in one going up more then the other. But if you look at 1991 for a example the UNC ver. of the the AGE is more expensive then the Proof. most of the other dates are close but if you campare were the mints sell the proof compared to what the unc sells for the value has not really gone up alot on either one. the only thing I see changing the value of them is the price of gold not if it is proof or not.
So to the Buffalo I think it will be hard to say what will be more valuble as a collectable years to come the unc. or the proof I think with such a high mintage of the proof I can't see it gaining a real lot in value but who knows seems like alot are buying both so we see.
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Valued Member
United States
458 Posts |
Well, since I am going to pull the trigger on these beauties, I am going to buy the proof version. I have always been facinated with the "mirror" finish. I am not going to knock the MS mind ya, I'll probably will pick one of them up also. As for mintages, the proofs are suppose to be 300,000. The regular strikes will probably be much higher because many are buying those instead of the proofs because of costs--Nothing wrong with that, you buy/get what you can afford, with me, its just that I always try to get 1 of each. As for the ASE in proof biokemist, I totally agree!! Have you seen the prices for some of those guys? Its funny, when I started collecting ASE's I started with proofs, (still collect them), but then, all of a sudden, I started collecting MS70's regular strikes--I wanted to try and put a collection together, until I ran into the brick wall--1987, 1988, 1991, 1999, 2000 and the millinium 2000 ASE--whew--have you seen the prices lately? Then they came out w/ this First Strike cr?p. I still have holes to fill, but I am seriouly considering quiting this endevour and go in another direction--  When I am ready, I'll give forum members here first crack at my set--currently #15 @ NGC Registry Set. I have sorta stop buying ASE's late last year-- CiScO Edited by CiScO
07/08/2006 2:48 pm
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Pillar of the Community
United States
590 Posts |
I would have bought the 2 gold buffs instead of the one proof. The reason is if the coin prices or collectors decrease you would have 2 oz. of gold instead of 1. If you got in a bad spot and had to come up with some money someone wanting to buy the gold for the weight is not going to care if it is proof or not.
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Valued Member
United States
458 Posts |
quote:
Originally posted by Dewayne76
I would have bought the 2 gold buffs instead of the one proof. The reason is if the coin prices or collectors decrease you would have 2 oz. of gold instead of 1. If you got in a bad spot and had to come up with some money someone wanting to buy the gold for the weight is not going to care if it is proof or not.
Maybe so, BUT you'll still have to cough up more doe for my 1oz Proof--  , you will never see the proofs @ regular strike prices "unless" the price of 1oz gold drops off the map--Thats the chance you take in buying ANY precious metals- OR any other type of investment--Everything goes up and down (except gasoline) that seems to only go up up up ^^^^  CiScO |
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Replies: 10 / Views: 1,220 |
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Posted 07/07/2006 4:33 pm
