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$1,995 PR-70 Gold Buffaloes. Too High?

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Tpatna's Avatar
United States
1626 Posts
 Posted 08/11/2006  12:11 am  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
I was just on the US mint site and see that the Proof Gold Buffalo coins are still for sale. When I think of the time I spent on the web and phone trying to order one of these when they were 1st released, I get irritated. I thought these things would have sold out by now. Do you guys think this will ever be worth alot more in the years to come?

Tim
Edited by Tpatna
08/11/2006 01:21 am
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 08/11/2006  01:05 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
Tim, Wish I knew the answer to that question, since I invested in one.
Valued Member
sandpaper's Avatar
United States
335 Posts
 Posted 08/11/2006  07:33 am  Show Profile   Bookmark this reply Add sandpaper to your friends list Get a Link to this Reply
thanks for the answers,guys whats whizzed?
Edited by sandpaper
08/11/2006 07:34 am
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TLS5933's Avatar
United States
1703 Posts
 Posted 08/11/2006  07:55 am  Show Profile   Bookmark this reply Add TLS5933 to your friends list Get a Link to this Reply
sandpaper,
Whizzed is when a coin has been subjected to a harsh cleaning with a wire brush or some other tool to give it a lustrous surface. It gives the coin an imitation of having actual luster.
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Dewayne76's Avatar
United States
590 Posts
 Posted 08/11/2006  5:06 pm  Show Profile   Bookmark this reply Add Dewayne76 to your friends list Get a Link to this Reply
They are nice coins with a little numismatic value but at the end of the day you have a bullion coin. If I bought one I would not go over $850. When the newness wears off they will probably come down a little, unless gold takes off.
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sandpaper's Avatar
United States
335 Posts
 Posted 08/12/2006  12:42 am  Show Profile   Bookmark this reply Add sandpaper to your friends list Get a Link to this Reply
quote:
Originally posted by TLS5933

sandpaper,
Whizzed is when a coin has been subjected to a harsh cleaning with a wire brush or some other tool to give it a lustrous surface. It gives the coin an imitation of having actual luster.

Thanks I should have known that.I have seen a few of them
New Member
oinkjackson's Avatar
United States
17 Posts
 Posted 08/12/2006  3:31 pm  Show Profile   Bookmark this reply Add oinkjackson to your friends list Get a Link to this Reply
huh..bodybag? whats a bodybag?
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fengk's Avatar
United States
986 Posts
 Posted 08/12/2006  3:41 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
A bodybag is when you send a coin to be graded by a TPG, and they send it back to you ungraded because of cleaning, altered surfaces, etc. ANACS will grade these coins and just state on the label that it was cleaned or something like that.
Valued Member
Guido's Avatar
United States
390 Posts
 Posted 09/09/2006  12:48 am  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
quote:
Originally posted by Dewayne76

They are nice coins with a little numismatic value but at the end of the day you have a bullion coin. If I bought one I would not go over $850. When the newness wears off they will probably come down a little, unless gold takes off.



I bought several bullion coins from the site linked below. They were $640 - $650 each, in the wrapper from the mint. I can't see paying $850 which is so much more (like 30% more!!), but if it's graded then maybe it will be more valuable years from now. But right now I look at these for bullion rather than a colllectable, but I may change my mind and send them out to be graded in the future. Just not now. Here is the site if you want cheap bullion gold eagles. I haven't found a cheaper one yet:

http://www.goldcentral.com/qry/stor...273ad8a10fc5

Wow, I just checked there and you can get a gold buffalo for $633 plus $25 shipping and insurance. This price is $20 less than two or three days ago.
Valued Member
grouse12's Avatar
New Zealand
227 Posts
 Posted 09/09/2006  05:42 am  Show Profile   Bookmark this reply Add grouse12 to your friends list Get a Link to this Reply
I,ve seen a couple of these coins come up in NZ and they are selling for about $1500 raw
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Dewayne76's Avatar
United States
590 Posts
 Posted 09/09/2006  9:20 pm  Show Profile   Bookmark this reply Add Dewayne76 to your friends list Get a Link to this Reply
Wow that is cheap!
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Guido's Avatar
United States
390 Posts
 Posted 09/11/2006  3:48 pm  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
I just checked and they are $611 a piece today. Prices have really dropped recently. That's about a 5% drop in the last two weeks.
New Member
Sibertekt's Avatar
United States
19 Posts
 Posted 09/11/2006  8:21 pm  Show Profile   Bookmark this reply Add Sibertekt to your friends list Get a Link to this Reply
Yes, gold dropped in the NY market this morning. I bought some at $615.00 an ounce
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Guido's Avatar
United States
390 Posts
 Posted 09/12/2006  03:40 am  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
Back to 617 right now. :(
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sandpaper's Avatar
United States
335 Posts
 Posted 09/12/2006  6:51 pm  Show Profile   Bookmark this reply Add sandpaper to your friends list Get a Link to this Reply
Well I got one today from the Mint, my only 1 oz. Looks like a '70 to me.
Edited by sandpaper
09/12/2006 6:53 pm
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