American Buffalo 2008 Celebration Coin
 

From the threads I've read so far, here and on PCGS forum, this coin gets the cold shoulder almost everywhere you turn. I was planning on buying itthe day the US Mint starting to accept orders, changed my mind after reading it was nothing new but with a fancy red box. just curious to see if anyone is expecting to receive one anytime soon.

Heard it was minted at Westpoint, but it won't bear the "W" mark because it's not proof.

Re: American Buffalo 2008 Celebration Coin
 

So what's the difference with a regular gold Buffalo, aside from it celebrating and all?

Re: American Buffalo 2008 Celebration Coin
 

I haven't looked today; but when I checked yesterday, APMEX charged more for an ordinary gold American Bull than they did for an Eagle. But, if you want to sell the coins to APMEX, they pay less for the Bull than for the Eagle. What's with that? Bulls just don't appear to be popular, celebration or no.

Re: American Buffalo 2008 Celebration Coin
 

I don't think there is any difference at all, except not sure about the "w" mark

Re: American Buffalo 2008 Celebration Coin
 

The mint can charge more for it.

Re: American Buffalo 2008 Celebration Coin
 

I went ahead and ordered a Celebration Buffalo from the Mint for two reasons,
first, nobody seems to like them so the mintage may turn out to be lower than the other Buffalos for 2008. Second, the spot price of gold is getting high enough that the Mint may soon take these off the market for a couple of weeks to adjust the price like they did with the Proof Buffalo and the Gold Eagles last year. Also, right now, just looking at one Buffalo Bullion coin, it is cheaper to buy a Celebration Buffalo from the Mint (Factoring in shipping) than it is to buy a Bullion Buffalo from APMEX (65 cents cheaper as of right now).

I know sharing this information is now going to cause a run on them at the Mint, and spoil the mintage numbers for me, but hey, what can I say, I like the GIM crowd. :D

Az Ag

Re: American Buffalo 2008 Celebration Coin
 

Mintage number of what? The box? I thought that they were identical to a regular buffalo...if not whats the diff?

Re: American Buffalo 2008 Celebration Coin
 

................

Re: American Buffalo 2008 Celebration Coin
 

I think it remains to be seen if they are identical to the Bullion Buffalo. All Buffalos are from the West Point Mint, so they could be the same. I am hoping that they will have the W on them like the proof coin does. I'll let you know when I get mine.

Even if they don't, it is still a different presentation, which I believe will provide a distinction, which should make a difference in value IMHO.

Az Ag

Re: American Buffalo 2008 Celebration Coin
 

Thanks, let me know...of course by then it might be another $100:bull-buddy-icon:

Re: American Buffalo 2008 Celebration Coin
 

I think bullion coin is a bullion coin. Fancy box or some superspecialrare feature wont make it bear any more gold. You will pay more FRN's for it but that's about it.

This is my opinion, of course. Probably many coin collectors disagree with me.

Re: American Buffalo 2008 Celebration Coin
 

I agree........ we are at the dawning of new age is coins.......basically ALL of them will be valuabe after the great GOLD AND SILVER STAMPEDE OF 09

I see boatloads of the stuff going to the refiners .......could you imagine what a peace dollar (any date ) is going to be worth??? having surived The hunts and the stampede??? It will fetch a massive premium......

For those willing to pay....

So your average bullion coin is going to have high value of collectabilty in the near future.

T

Re: American Buffalo 2008 Celebration Coin
 

Ordinarily, you are correct, but this is one of those rare situations where the coin with numismatic potential (even though very slight) is actually cheaper to buy from the mint than the same (theoretically) bullion coin from APMEX.

Right now, if you purchase a bullion 2008 Buffalo from APMEX, you will pay $1,024.28 plus shipping of 19.95 = $1,044.23. If you buy the 2008 Celebration Buffalo from the mint it will be $1,018.88 plus 4.95 = $1,023.83.

The difference is $20.40 cheaper to buy from the mint, and you get the added bonus that it comes in a very nice container, and may potentially have some numismatic value as well.

Re: American Buffalo 2008 Celebration Coin
 

Never though much of the buffalo, bought one at fun in 06 for 640 since it was first year. I would love to se the Walking liberty gold coin.

Re: American Buffalo 2008 Celebration Coin
 

Neither do I. I purchased one back in December of 07 as my first bullion gold coin purchase ever. I didn't like the mint packaging and was worried that the premiums on the buffalos were coming down on the coins as the newness of the coin wore off. I traded it in for a Krugerrand (a particularly amazing looking one I must say) and $10.50. I am much happier with my Kruger than I was with the Buffalo, but I am thinking about picking some buffalos up again since they have them for a very reasonable price over at bullion direct outside of the mint packaging. Then again, I might just stick with my Canadian Gold Maples or Austrian Philharmonics.

Re: American Buffalo 2008 Celebration Coin
 

They made a W burnished die one in 2007

Re: American Buffalo 2008 Celebration Coin
 

thrifty are you saying the mint made a 2007 burnished Buffalo? Also I don't see a 2008 Buffalo in Proof offered, is this the end of proof Buffs?



Firenh

Re: American Buffalo 2008 Celebration Coin
 

yes, I believe I have both the 2007 proof and burnished W's.

I don't know about 2008.

Re: American Buffalo 2008 Celebration Coin
 

Don't think so, the 07 proof wasn't offered till May or so last year if I remember. By then it will probably be $1500.

Re: American Buffalo 2008 Celebration Coin
 

Yeah, I'd think they are having problems deciding how much to sell it for more than anything... No matter what price they give it, its an admission of how badly the dollar is being debased.

Re: American Buffalo 2008 Celebration Coin
 

Per the US Mint website, the Celebration Buffalo is no longer available. The order I made on 2-26 is "on hold". I am hoping I got my order in before their cut - off date.

I think I will be ok, because they will continue to sell later, but at a higher price.

Az Ag

Re: American Buffalo 2008 Celebration Coin
 

ditto! two orders pending here "Order Status: Your order request is on hold." "x units backordered. Expected to ship on 02/29/2008."

ooh that reminds me to check another item real quick, it will definitely sell out... I <3 the US Mint. haha

24k pure Gooooollldddd :bull-buddy-icon:

Re: American Buffalo 2008 Celebration Coin
 

I was looking at this coin last night and thought its was a good deal across the board for all the reasons discussed (and I happen to like the buffs). The website still showed them being available last night... But I didn't pull the trigger.

Wait one day and the good deal is gone or the price goes up. Ummmphf... Slowly learning the lesson.:smokin:

Re: American Buffalo 2008 Celebration Coin
 

Expected to ship date now 3/31/2008

:bull-buddy-icon:

the mint must be doing pretty brisk business nowadays. fulfillment sure is slow even on the small coin sets. I used to catch the bus in front the old SF mint back when I was a kid. there was a proposal to turn it into a shopping mall of all things but that got shut down. sometimes the highest and best use is to just leave alone.

Re: American Buffalo 2008 Celebration Coin
 

you are totally right, now it's repriced for $100 more

http://catalog.usmint.gov/webapp/wcs...egory_rn=14239

Re: American Buffalo 2008 Celebration Coin
 

I said earlier I would report back when my Celebration coin came in. Well it has, and I am sorely disappointed in the coin and the packaging. It has no W Mint Mark, so it is essentially just a bullion Buffalo. Also, it does not come in a protective plastic capsule. It comes with a piece of adhesive plastic over the top (obverse) of the coin, with the coin placed in the recessed portion of the cheap red plastic velvet container as shown previously in the thread. To see the reverse of the coin, you have to pull the coin out of the velvet holder by the adhesive plastic. Therefore, the reverse is not protected at all once pulled out, and the obverse will not be protected if the adhesive plastic is removed.

I don't know what would happen to the face of the coin if the plastic was removed. I am not going to try it due to the soft composition of the coin.

It seems to be a cheap, foolish system to display the coin. I will not buy anymore of this coin, especially with the price of gold having dropped so drastically at this point.

Maybe I am just grumpy this morning because of the Ag and Au decline.:banghead:

Re: American Buffalo 2008 Celebration Coin
 

I'm sorry you bought the American Buffalo 2008 "sucker" celerbration coin.
Maybe you should send it back?

Re: American Buffalo 2008 Celebration Coin
 

Yes good news with the mint, you can send it back and only lose on shipping.

Re: American Buffalo 2008 Celebration Coin
 

have to agree this is a pretty bad presentation of a "special" release! not even an airtight capsule but cut sealed plastic squares like from a sheet of silver rounds - not befitting of a 24k gold coin. mine is still sealed on all edges though still looks cheapola like that. I don't want to take the plastic off though it says US Mint on it, that part is cool / official looking. still, the gold inside is the most important part... sigh, when gold was $1,000+!
:bull-buddy-icon:

Re: American Buffalo 2008 Celebration Coin
 

You really think the herd is smart enough to stampede in that direction (i.e., towards gold and silver)?

The price of gold, relative to Fed notes, will almost certainly rise, and a select tier of people will probably begin gravitating towards it (those who are not already invested in gold/silver), but I'd be surprised to see the common man in the street suddenly come to his senses and start buying gold+silver in large amounts.

Unless, of course, Oprah said something about it.

Re: American Buffalo 2008 Celebration Coin
 

Or Jerry Springer! :smokin: