Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Future Numismatic Value of New Buffalo Proof (http://goldismoney.info/forums/showthread.php?t=45206)

Az Ag | 07-12-2006 05:29 PM
Future Numismatic Value of New Buffalo Proof I am curious what fellow GIMers think about the future numismatic value of the new 2006 Buffalo Proof versus the 2006 US Gold American Eagle. The mint site says maximum mintage of the new Buffalo Proof is 300,000 while their maximum mintage for the GAE between the one ounce coin and the four coin set is 39,000. Which do you think will be more valuable five years from now?

Travis37 | 07-12-2006 06:03 PM
Re: Future Numismatic Value of New Buffalo Proof I believe that the 2006 Buffalo gold coins (both types) will be more valuable in the future than GAE's. If the Mint chooses not to mint further buffalo 24k coins, that would be an obvious driving force. If the Mint chooses to mint these as a series, either way, the 'First Year of Issue' collectibility kicks in. And I don't think we will have to wait 5 years for the premiums to excel. Just my opinion.

Master_Ho | 07-12-2006 06:46 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by Travis37 (Post 297215) the 'First Year of Issue' collectibility kicks in.
In a word - BINGO!!!!!!

johnstevens | 07-14-2006 02:08 PM
Re: Future Numismatic Value of New Buffalo Proof I had enough stashed for 3 Bullion or 2 Proofs. I chose the Proofs. I just couldn't pass up the first year on the proofs. With gold in the $600's it seemed like a steal to me...

Master_Ho | 07-14-2006 06:00 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by johnstevens (Post 299329) I had enough stashed for 3 Bullion or 2 Proofs. I chose the Proofs. I just couldn't pass up the first year on the proofs. With gold in the $600's it seemed like a steal to me...
I have been researching and talking to various dealers and companies for the past two weeks - the unanimous concensus seems to be - the MS 70 will be the most valuable (cause the 24 kt gold is so soft the coins are coming off the dies more in MS 69 than 70, even people in this site have mentioned the problems with the coin, and if the mylar is cut by the sharp edge of the coin, PCGS & MGC seem to automatically deny it MS 70 status - MS 70 is very hard to find from companies right now - and very expensive on Ebay) then the next most valuable will be the proof set, and then the coin in MS69 (cause everyone is buying in in the mylar and having it graded - MS69 are a dime a dozen). Not my opinion - just the results of my research. Ho

lhslancers | 08-25-2006 04:14 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by Au-myn (Post 298813) And it is the first 24K Au coin from the USA. My proof is due to arrive next week.
Can you divulge the supplier? I wouldn't mind having one of those Gold nickels.

MT Silver | 08-25-2006 05:13 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by lhslancers (Post 341145) Can you divulge the supplier? I wouldn't mind having one of those Gold nickels.
The U.S. Mint (Don't pay more from a dealer, unless you're worried about a paper trail) http://catalog.usmint.gov/webapp/wcs...dkey=ClickInfo

lhslancers | 08-25-2006 05:17 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by MT Silver (Post 341216) The U.S. Mint (Don't pay more from a dealer, unless you're worried about a paper trail) http://catalog.usmint.gov/webapp/wcs...dkey=ClickInfo
Thanks. Paper trail? In case you forgot we don't pay taxes around these here parts.:eek: :D :coolbeer:

Tn...Andy | 08-25-2006 09:00 PM
Re: Future Numismatic Value of New Buffalo Proof This all assumes in 5 years there actually IS a market for numismatics. Personally, I think an ounce of gold will be an ounce of gold.

Patriot-Act | 08-25-2006 09:03 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by Tn...Andy (Post 341421) This all assumes in 5 years there actually IS a market for numismatics. Personally, I think an ounce of gold will be an ounce of gold.
And a large coffee w/ cream & sugar will once again be called "a large coffee w/cream & sugar"...:smokin:

Ardent Listener | 08-25-2006 09:05 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by Tn...Andy (Post 341421) This all assumes in 5 years there actually IS a market for numismatics. Personally, I think an ounce of gold will be an ounce of gold.
Right Andy, I too can't see numismatics or art work having a solid market if SHTF.

Master_Ho | 08-26-2006 12:11 AM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by Ardent Listener (Post 341429) Right Andy, I too can't see numismatics or art work having a solid market if SHTF.
And I agree with you both IF TSHTF........however, I also agree with this........>> Doomsdays Theorists: Getting it wrong since at least 33 AD! If you are right - gold will go thru the roof and an ounce will STILL be worth a fortune, more than any numismatic proof....... but if you are wrong - then its a great investment and frankly, while I am preparing for TSHTF, I am not about to live my life betting that it will. To me, at least, its a possibility rather than a probability? See, I am betting humans - deep down inside - wanna survive, and always have!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

SilverbackAg | 08-26-2006 01:10 AM
Re: Future Numismatic Value of New Buffalo Proof On APMEX wholesale lot page---1986 1 oz Proof Gold American Eagle (w/ Original Box & Certificate) Qty = 35. Priced at $719.00 with Gold Spot at $621.00 as I type this. 1986 was first year of issue for GAEs. If you look how little the proof Eagels have appreciated numismatic vs spot I don't think the proof Buffalos at $800.00 are a very good deal. If I were to go that direction, I would rather be buying lunars, pandas, manx, or something that is actually pretty to look at (vs GAEs) and/or minted in low quantaties (unlike buffalos), and is better manufactured (unlike buffalos). To each their own.

Master_Ho | 08-26-2006 03:12 AM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by silverbackMP (Post 341613) If I were to go that direction, I would rather be buying lunars, pandas, manx, or something that is actually pretty to look at (vs GAEs) and/or minted in low quantaties (unlike buffalos), and is better manufactured (unlike buffalos). To each their own.
Exactly - and thats why I have a couple of the golden lunar dragons - only 30,000 minted....... But consider - if one has a few of those other gold coins, what the harm in getting a couple of proofs and having something different that may go up a lot further in a few years? Not directed towards you in particular - but its funny how often these discussions on these buffalos turn black and white........ No, if its the ONLY gold I was getting I wouldn't get this either - but if one has a few coins, why not gamble on something that might go up? And while some proofs don't, some do! And it IS a first - there have been other gold coins minted in the US but never a 24 kt one before! However - I have heard rumors they have sold out of the proofs - and if that is so in a couple of years we'll see if it was worth the extra over an eagle or not.

SilverbackAg | 08-26-2006 03:45 AM
Re: Future Numismatic Value of New Buffalo Proof I just don't think that the semi-numismatic buffalo proof has much in the way of long term numismatic appreciation. It may get a small temporary bounce due to some pump off of shop at home and ebay but I don't think it will be sustainable. They are enjoying popularity right now just because they are the newest thing on the block. 20 years from now they be somewhat forgetten about like that 1986 GAE Proof I referred to. That being said I wouldn't mind owning one but right now I am still looking to buy closer to spot.

GREENSILVERHORN | 10-18-2006 01:19 AM
Re: Future Numismatic Value of New Buffalo Proof Either way niether will catch a Panda.

graspAU | 10-21-2006 11:32 AM
Re: Future Numismatic Value of New Buffalo Proof I think it will do quite well since the mintages have been so low to date this year. It should end up around the 325,000 - 350,000 mark. Scroll Down: http://www.usmint.gov/mint_programs/buffalo24k/

SirSilverOzzyyzzO | 10-26-2006 10:53 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by scottp999 (Post 393755) I think it will do quite well since the mintages have been so low to date this year. It should end up around the 325,000 - 350,000 mark. Scroll Down: http://www.usmint.gov/mint_programs/buffalo24k/
Well looking at the numbers. I gather that, theoreticaly only 99,500 of those coins can be, First Strikes. Although I think the whole, "First Strike" designation is full of poop... It looks as though they indeed will be the winners in the end. In addition, some of the first minted Buffalo's had red dye on them-So knock them out. Then, I'm sure everyone didn't get them in on time. So to speculate, how could there be more than, 80,000ish or so around? Time will tell.

perl | 10-27-2006 12:18 PM
Re: Future Numismatic Value of New Buffalo Proof That page is for bullion Buffalo's. Not the proofs. Not sure where to find the proof minting numbers. Quote:
Originally Posted by scottp999 (Post 393755) I think it will do quite well since the mintages have been so low to date this year. It should end up around the 325,000 - 350,000 mark. Scroll Down: http://www.usmint.gov/mint_programs/buffalo24k/

jello_g | 10-27-2006 03:56 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by scottp999 (Post 393755) I think it will do quite well since the mintages have been so low to date this year. It should end up around the 325,000 - 350,000 mark. Scroll Down: http://www.usmint.gov/mint_programs/buffalo24k/
According to this press release, quantity minted for the proof version will be limited to 300,000.

graspAU | 10-27-2006 06:53 PM
Re: Future Numismatic Value of New Buffalo Proof Quote:
Originally Posted by jello_g (Post 399235) According to this press release, quantity minted for the proof version will be limited to 300,000.
yep - the number for my estimate and the link are for bullion sales. I doubt if they sell all the proofs. They thought they would all be gone in a couple of months.

jello_g | 10-27-2006 07:18 PM
Re: Future Numismatic Value of New Buffalo Proof So it appears there will be almost as many proofs as regular bullion coins. In my opinion about 10x too many proofs to preclude any serious investment potential. Note to self: look for better "investments" elsewhere.

j-son | 10-27-2006 07:48 PM
Re: Future Numismatic Value of New Buffalo Proof anyone want to buy my buffalo proof coin? ngc 69 let me know.

SirSilverOzzyyzzO | 10-27-2006 08:17 PM
Re: Future Numismatic Value of New Buffalo Proof Just for, Sheets & Giggles. Here are the, NGC & PCGS Population numbers as of this month(Anyone know the, Anacs or ICG #'s?); **MS & Proof Buffalo's** PCGS Proof Deep Cameo's; PFDC70 = 582 PFDC69 = 3,437 PCGS Total amount graded thus far is, 4,026. PCGS Mint State's; MS70 = 2,240 MS69 = 32,578 PCGS Total amount graded thus far is, 34,824. ----------------------------------------------------------------------- NGC Proof Ultra Cameo's; PFUC70 = 3,004 PFUC69 = 2,848 NGC Total amount graded thus far is, 5,856 NGC Mint State's; MS70 = 28,116 MS69 = 23,253 NGC Total amount graded thus far is, 51,372 ----------------------------------------------------------------------- **PCGS #'s may be off a little. Those numbers are based on the latest(October) book #'s, not from the website #'s. I see any, PCGS Proof 70 First Strike as being the best bet as to any, extreme high numismatic value. I want one, just one.

HistoryStudent | 02-06-2009 04:17 PM
Re: Future Numismatic Value of New Buffalo Proof NoBODY knows what the future will bring. However above are the TRENDS. The trend is your friend - and your speculation too, sadly. My HUMBLE guess is that the BUFFALO has gone the way of the animal (probably rather rare and MINTED to extinction). The MINT is stopping most of the PMs this year and has a token set until they decide that they don't want the SHEEPLE a way out to protect themselves. Example today at WAL*MART I saw my old favorite FAT off drink SLIMFAST has risen in FIAT from $4.00 a few years ago to $7.00 in Commonwealth of Fruits Flakes and Nuts herein California. :signs14: Get what you can from the US Mint because DISCONTINUATION is the trend of that friend. L@@K at the 2008 PROSPERITY set - that should bring both collectability and gold value into play. HINT, hint? :yes: Because you sure as hell can't get the new HIGH DEF. Saints too easily - can YA! :5_1_120::getdown::565:bancha:banana: My guess is that next year everything might go 5 to 10 times as high as RIGHT now in price.

Horn | 02-10-2009 08:12 PM
Re: Future Numismatic Value of New Buffalo Proof What's a good price now for a 2006 Buffalo slug? I cannot afford to loose $20, so your answer must be exact.:biggrin:

ghaffar23 | 02-10-2009 09:21 PM
Re: Future Numismatic Value of New Buffalo Proof What a thread...from no one thinking too highly about the Buff's to oh-man-I-gotta-have-them status...time sure changes things, doesn't it?:565:

All times are GMT -4. The time now is 04:14 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM