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hernancortes | 04-23-2009 11:20 AM
Premiums on Gold Buffalos Going way up since production (temporarily/permanently?) halted. Hannes wanted $125 over spot 'til he sold out and Apmex now requires $130 over. Ebay even higher. This is for a bullion coin mind you. Eight months ago they could be had for $39 over. Holders of physical win.

Gordon Gekko | 04-23-2009 11:35 AM
Re: Premiums on Gold Buffalos I have never purchased a Gold Buffalo. I've just stuck with GAE's. But, I wouldn't mind having one. Can anybody comment on pros vs. cons for the Buffalo vs. GAE? Obviously the markup is higher for the Buffalo's, but is there any upside to owning these over Eagle's?

hernancortes | 04-23-2009 12:19 PM
Re: Premiums on Gold Buffalos The premium for Eagles and Buffs was equal until last fall when Buff production stopped. If the Buffalo is done, then perceived scarcity for it may take over. The following link may be helpful. http://goldbuffaloguide.com/mintages/ By this chart, total 1-oz. bullion Buff mintage for the type by my calc's is about 321.5K, obviously magnitudes less than the 1-oz. eagle type.

mamboni | 04-23-2009 12:21 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by Gordon Gekko (Post 1690549) I have never purchased a Gold Buffalo. I've just stuck with GAE's. But, I wouldn't mind having one. Can anybody comment on pros vs. cons for the Buffalo vs. GAE? Obviously the markup is higher for the Buffalo's, but is there any upside to owning these over Eagle's?
How much is enough, Gordon?:4_1_72: The richest one percent of this country owns half the gold buffalos, one hundred sixty million dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, silver and gold speculation. It's bullshit. You got ninety nine percent of the American public out there with little or no gold. I create nothing. I own [gold]. We make the rules, pal. The news, war, peace, famine, upheaval, the price per Berkey water filter. We pick that eagle out of the hat while everybody sits out there wondering what time American Idol comes on. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer avatar. Stick around pal, GIM’s still got a lot to teach you. :banana:

Gordon Gekko | 04-23-2009 12:22 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by mamboni (Post 1690614) How much is enough, Gordon?:4_1_72: The richest one percent of this country owns half the gold buffalos, fifty million dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, silver and gold speculation. It's bullshit. You got ninety nine percent of the American public out there with little or no gold. I create nothing. I own [gold]. We make the rules, pal. The news, war, peace, famine, upheaval, the price per Berkey water filter. We pick that eagle out of the hat while everybody sits out there wondering what time American Idol comes on. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer avatar. Stick around pal, GIM�s still got a lot to teach you. :banana:
:4_1_72: I love it!

hernancortes | 04-23-2009 12:32 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by mamboni (Post 1690614) How much is enough, Gordon?:4_1_72: The richest one percent of this country owns half the gold buffalos, one hundred sixty million dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, silver and gold speculation. It's bullshit. You got ninety nine percent of the American public out there with little or no gold. I create nothing. I own [gold]. We make the rules, pal. The news, war, peace, famine, upheaval, the price per Berkey water filter. We pick that eagle out of the hat while everybody sits out there wondering what time American Idol comes on. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer avatar. Stick around pal, GIM�s still got a lot to teach you. :banana:
Post of the year. But seriuously, gander at the chart and conclude that if you have any fractional Buffalos, they are a very strong hold. Stronger still, the '08-W $50, which is the lowest mintage of a 1-oz. gold type coin in US history if i recall. (Edit: My bad, there are a handful of $20 Liberties such as the 1870-CC w/ lower mintage, and the super-rare proofs) Hell, any buffalo is a hold.

wsykes | 04-23-2009 12:34 PM
Re: Premiums on Gold Buffalos Nice 2 hear. I have 2 2007 still in US mint plastic... Thanks for the great news!!:23_30_104::23_30_104:

Jellylegs | 04-23-2009 01:39 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by Gordon Gekko (Post 1690549) the markup is higher for the Buffalo's, but is there any upside to owning these over Eagle's?
The only downside is not having one & upside is for those who already have them. :4_1_72: Sure glad I got 1 when I first came here & got the sense to ditch the fiat for the metals. Many here said they were ugly. It can be ugly all it wants for the price they are now commanding. :23_30_104: Something I have realised since stacking the uglier the coin the better based on peoples opinion, a bit of reverse psychology as they appear to rise in price more. Many people don't like some of the lunar silver designs, I guess here's hoping the Ox & the Rat are not liked much.. :banana:

hernancortes | 04-23-2009 01:54 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by wsykes (Post 1690635) Nice 2 hear. I have 2 2007 still in US mint plastic... Thanks for the great news!!:23_30_104::23_30_104:
2006: 85,000 2007: 76,500 2008: 160,000 Not bad...:emotions16:

mozkill | 04-23-2009 01:54 PM
Re: Premiums on Gold Buffalos Well, premiums are sticky and so they will stay high and maybe go even higher. Only a complete supply washout would drive premiums back down and we all know thats not going to happen. Another reason why buying bullion is good.

GardensGold&Guns | 04-23-2009 02:09 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by hernancortes (Post 1690525) Going way up since production (temporarily/permanently?) halted. Hannes wanted $125 over spot 'til he sold out and Apmex now requires $130 over. Ebay even higher. This is for a bullion coin mind you. Eight months ago they could be had for $39 over. Holders of physical win.
$130 is still lower than coin shows! (spot was 889) I luv buff's The all go for $1100-1300 (least they were in graded slabs) I got some of those buff's from hannes :ok:

HistoryStudent | 04-23-2009 05:59 PM
Re: Premiums on Gold Buffalos Things will change because of the imposed rationing/quiting/lack/no more US mint production. Interesting. I picked up 10 Buff.:yes: proof a few year back. Thanks for the info.

hernancortes | 04-23-2009 06:58 PM
Re: Premiums on Gold Buffalos The mint's product schedule does indicate an intention to mint an '09 Buffalo proof, but we'll see if that happens. Since '86 the mint has churned out 12.4 million 1 oz eagles, and current production is the highest ever. Compare that to the Buffalo totals --- if the Buffalo series is ended, it ceases being a bullion coin.

HistoryStudent | 04-23-2009 07:12 PM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by hernancortes (Post 1691243) The mint's product schedule does indicate an intention to mint an '09 Buffalo proof, but we'll see if that happens. Since '86 the mint has churned out 12.4 million 1 oz eagles, and current production is the highest ever. Compare that to the Buffalo totals --- if the Buffalo series is ended, it ceases being a bullion coin.
Yes, it will become a more collectable type coin. All kinds of these things are happening - in silver with PROOFS - in platinum with both proofs and uncirculated - and in regular gold eagles in proof and all the sizes. Something MIGHT happen this year BIG! :hahaha::fan::fan:(Read gold doubles quickly with all the fiat burning and flying through the air - from BEN'S:yes: helicopter doors).

Conk | 04-24-2009 06:26 PM
Re: Premiums on Gold Buffalos Great. I have five that I bought at $800 per. Go go go

Legionfigu | 05-04-2009 09:24 PM
Re: Premiums on Gold Buffalos I paid $100 over spot when Gold was $868 a month ago. It was even slabbed. I just happened to be at the right shop at the right time.

TomD | 05-04-2009 09:54 PM
Re: Premiums on Gold Buffalos I've got a couple of the BU Buffaloes, they are on the bottom of the bullion coins based on their aesthetic appeal (IMHO). The proofs, which I don't own, are much nicer. I wouldn't buy any more of them now but I'll sit on the ones I have. http://farm3.static.flickr.com/2313/...82cc656f_b.jpg

rodzm | 05-05-2009 02:58 AM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by Jellylegs (Post 1690682) Something I have realised since stacking the uglier the coin the better based on peoples opinion, a bit of reverse psychology as they appear to rise in price more. Many people don't like some of the lunar silver designs, I guess here's hoping the Ox & the Rat are not liked much.. :banana:
Sooooo you must be a lover of spouses eh???? Cause those are some darn ugly coins. Ill pass on them, thank you very much. Ill stick to my sexy Miss Liberty

Jellylegs | 05-05-2009 06:47 AM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by rodzm (Post 1708309) Sooooo you must be a lover of spouses eh???? Cause those are some darn ugly coins.
Nah heard many mention them here but haven't seen one. Personally I love the buffalo. But from experience I have heard some in particular say of the lunars which many collect due to collectable factor that they dislike some of the designs. However have convinced some friends to buy the next sequential coin even if they dislike the design as "series fever" appears to have gotten to some who are new to PM's. :wink:

CAVU | 05-05-2009 11:33 AM
Re: Premiums on Gold Buffalos Quote:
Originally Posted by rodzm (Post 1708309) Sooooo you must be a lover of spouses eh???? Cause those are some darn ugly coins. Ill pass on them, thank you very much. Ill stick to my sexy Miss Liberty
The Thomas Jefferson spouse coin is nice looking, then again its a bust of Lady Liberty because Thomas Jefferson didnt have a spouse. Neither did Andrew Jackson. Guess need a president that isnt married to get rid of the central banks...2 for 2.

californiajeff | 05-05-2009 12:03 PM
Re: Premiums on Gold Buffalos I saw a 2006 MS69 Buffalo on HSN last night for $1995.

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