$1,995 PR-70 Gold Buffaloes. Too High? - Page 3

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Author	Replies: 34 / Views: 3,121	Page: of 3

Guido Valued Member United States 390 Posts	Posted 09/15/2006 11:51 pm It seems like it's not worth buying one PR70 gold buffalo when you could buy 4 bullion coins today for the same price. I think some of these ebay people are crazy! And what's worse is that some poor person will pay that. But, maybe I'm wrong and this one coin will be worth a lot more in the future (but I doubt it). Report this Post to the Staff
thingee Pillar of the Community United States 2177 Posts	Posted 09/16/2006 04:36 am quote: Originally posted by Gary Burke Irishraider, the TV shows' coins are almost always over priced. The hype is something else. If I don't have anything better to do, I sit back, watch, and laugh a lot. This something I have actually done on several occassions!! It's better than watching Leno! Report this Post to the Staff
fastfords1 Valued Member United States 179 Posts	Posted 09/16/2006 08:26 am kkkSeems to be alittle mixing of apples and oranges in this very interesting thread...just to clear up some possible misperception, the Buffs from the usmint are proof, with a somewhat limited number (but so many have been sold they are NOT scarce, and most likely wdill never command much of a premium in price). The ones mentioned bought from dealers so cheaply are the uncirculated bullion coins, which will always be pegged to the price of gold and so many are made they will never command a numismatic price premium. Tkhey are just a pretty ounce of gold. Hope this clarifies somewhat! Dennis Report this Post to the Staff
Guido Valued Member United States 390 Posts	Posted 09/20/2006 12:22 am I'm thinking that if you want to invest in gold, and you buy ASE's or Maple Leafs, etc., the Gold Buffalo is another way to go, and slightly less than the ASE (buy about $1 or 2). And it is a very nice coin too. The price of gold keeps dropping which makes the bullion coins more attractive as well. I think gold prices will start to go back up, so this might turn out to be a good longer term investment. I watched the Coin Vault last night and they are still selling MS 70 First Strike Buffs for about $1,300 each. Quite a mark up!! :) Report this Post to the Staff
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