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I Purchased Several 2007 W $50 Buffalo Coins – How Long Until I Can Break Even Selling Them?

Posted by bullionbabe in Buffalo Gold Proof FAQ, tags: , , , , , , , , , ,

Question by goldmoderncoins: I purchased several 2007 W Buffalo Coins - How long until I can break even selling them?
I purchased eight 2007 W Gold Buffalo Proof Coins @ the issue price of 5 each. Each coin was graded PF69 DCAM by PCGS (First Strikes). I can't believe I didn't get a single PF70...what good luck :) I noticed on eBay that the PF69 (even the first strikes) are only selling for 9 - 9 each right now - Does anyone know what my best bet is, to sell them at a loss now & reinvest the money or hold them? Also, how long should I hold the coins? Any idea how long until these coins might shoot up above 5 per coin on the auction block? (I noticed several local dealers already have their coins priced at 0 or 0). Thanks in advance for any advice.

Best answer:

Answer by westfield47130
wait for about 20 years.

What do you think? Answer below!
[wprebay kw="2007+buffalo+proof+coin" num="0" ebcat="11116"]
[wprebay kw="2007+buffalo+proof+coin" num="1" ebcat="11116"]
[wprebay kw="2007+buffalo+proof+coin" num="2" ebcat="11116"]

Originally posted 2010-08-06 16:38:59. Republished by Blog Post Promoter

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One Response to “I Purchased Several 2007 W $50 Buffalo Coins – How Long Until I Can Break Even Selling Them?”
  1. telovelace says:
    at

    The thing that will affect the coin value the most is the price of gold bullion. I do not believe that they will ever trade at a significant premium above the spot price. This is totally my opinion, but I think gold will continue to slowly rise in value at a rate of 5-10% per year, not like the doubling in price we have seen in the last few years. I believe it will do better than the rate of inflation and the rate paid on savings accounts. I think the premium above spot paid for these coins will decrease to 10-15% or possibly less. So my guess is that you can sell the coins for $845 in about 4 years. After that time they will start going up in value more quickly (10%/ year.)

    Essentially, your choice is to sell now or keep them for a long time. 20 years from now they will have increased significantly.

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