American Buffalo Gold Proof Coins Shop

Question by YA! YA!: What the actual value of the American Buffalo Gold coin? Since its not solid gold?

Best answer:

Answer by I. B. Zoxx
Where are you getting your information? The American Buffalo gold coin sold by the US Mint is indeed .9999 pure gold.
American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint and offered for sale through a network of Authorized Purchasers. These gold coins are available to members of the public seeking a simple and tangible means to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the United States Government.
American Buffalo One Ounce Gold Proof Coins are collector versions of the official United States Mint American Buffalo Gold Bullion Coins. Each coin contains one ounce of .9999 fine, 24-karat gold and is presented in an elegant hardwood box with a matte finish and a faux leather inset, and is accompanied by a certificate of authenticity signed by the Director of the United States Mint.
As far as value goes: most dealers will buy them for around 95% of spot and sell them for around 105% of spot.

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Originally posted 2011-02-14 23:47:49. Republished by Blog Post Promoter

Question by Avatarfanmail: What is the current market price for 2008 American Buffalo Gold Coin?
I searched around with different answers.
Can anyone with some experience give me any ideas?

Best answer:

Answer by DIVG
The current price is for 2008 American gold buffalo coin is 00

What do you think? Answer below!
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Originally posted 2011-01-19 08:25:54. Republished by Blog Post Promoter

Question by Kramsor: American Buffalo Gold coin dimensions?
Hello there,

I have this little problem:

The American Buffalo Gold coin is said to measure 32.7 mm by 2.95 mm (according to the US mint and Wikipedia). It is also made of 24 kt Gold (.9999 purity). However, when worked out mathematically, it results that either these coins have a higher gold content than 1 troy ounce 31.1035 grams (at the given diameter and thickness / height).

Here's how I worked it out:

Volume = Pi x R x R x H
Therefore, Vol. = 3.142 x 1.635 cm x 1.635 cm x 0.295
Answer = 2.4775 cubic cm (or ML)

The density of Gold is 19.32 grams / CC;

Therefore, 2.4775 cc x 19.32 g = 47.86 grams OR 1.53873473 Troy oz. (as opposed to 1 troy ounce, as it is supposed to weigh).

So, as a bottom line: Either they use something else apart from the gold (something denser / "heavier" than gold) or their dimensions are wrong OR they're giving 1/2 ounce of gold for free (which is very unlikely)!

I will appreciate if anyone can illuminate me about this matter!

Thanks a lot,
Kramsor

Best answer:

Answer by getfreducated
They are not perfect cylinders. (You are using the height of the edge of the coin as if it were this thickness everywhere...sadly it ain't so). So to find the volume, you must submerge then in water and find out how much liquid they displace.

Darn! And if you were right, I was going to go buy every one I could find!

Again, I don't know how else to explain it (nor do I understand why there are more answers to this)...coins are not cylinders. They are tiny little works of art whose deminsions are not able to be listed as simple diameters and heights. The government did not "screw up" and put any more "pure" gold in than they said. I agree with the fellow below...Go ahead ask a coin dealer and if they think you are right, I have a TON of gold coins I'd like to sell them by "volume".

-Fred

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Originally posted 2011-03-16 13:28:44. Republished by Blog Post Promoter

Question by Ranganathan M: Which fetches more price, American buffalo gold proof or American Buffalo bullion?
Are American buffalo gold proof coins better for investment than American buffalo bullion coins sold in the coin shops? Explain.

Best answer:

Answer by beridoc
You'll pay a BIG premium for the proof. It will be hard to re coop the investment unless it turns out to be a scarce minting.

Often, when you go to sell gold coins, all you are going to get is the bullion value - sad but true.

For investment purposes, you'd probably be better off putting your money in a gold ETF like GLD or IAU.

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Originally posted 2010-07-31 18:40:25. Republished by Blog Post Promoter

Question by I'm Gumby Damn It!: Do you feel we placed a "pox" upon the American Indians?
I saw this damn slimy republican on c-span going off how there is VERY LITTLE proof that US "Christian" Settlers gave American Indians smallpox blankets ...Like there would be major documentation on Genocide practices...What the hell was the killing of the Buffalo all about? good sport?
He was upset that this is being taught in our schools to third graders
Does he actually feel that is this was not taught it would change
the horrific-ness of what we did?

Best answer:

Answer by some person
Where else would the Native Americans have contracted the smallpox virus? Barring any sudden, drastic mutation in a virus that had been living on the continent for generations, it had to come from Europeans. It was a newly introduced virus to the tribes, and that means it had to come with something else new. What was the only majorly new thing to the American continent at that time? Europeans. Therefore, the virus came from us.
Sometimes, people like to believe in an "if I can't see/hear about it, it isn't there" philosophy. Obviously false and childish, it nonetheless makes the small minded feel better about their pasts.

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Originally posted 2011-02-12 00:35:08. Republished by Blog Post Promoter

Question by montoy_vlv: How much a 2008 American Buffalo gold coin cost now?
I'm trying to sell my American Buffalo gold coin. On the US Mint website, the 2009 gold coin costs ,400. Can I sell my 2008 gold coin the same price?

Best answer:

Answer by Taiping
What a coin sells for and what a dealer will pay are two different stories. Gold right now is going up but does drop some during the week. It is a day by day thing. The only ad I have for the gold buffalo no matter what date is a dealer will pay spot plus . Gold right now is #,191.50 . This value changes daily so it is best to sell when gold is high. You can get gold spot by typing in gold spot. You need to check with dealers, for gold and gold coin values depend a lot on the price of gold at the time of sale. Only rare collector gold coins have a large collectable value added.

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Originally posted 2010-09-28 22:47:32. Republished by Blog Post Promoter

Question by .: Which is a better coin to own: American Buffalo Gold One Ounce or American Liberty Gold One Ounce?

Best answer:

Answer by rtfm
I'd definitely go with the Buffalo, since it's actually being sold by the U.S. Mint.

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Originally posted 2011-02-03 03:29:56. Republished by Blog Post Promoter

Question by alec19742003: 2007 American Buffalo . How many versions of it out there? VERY confused !!!?
You go to U.S. Mint web site and it's all very simple. ONE American Buffalo Gold Proof Coin and ONE price of it --- 5.95

On Ebay there are 2 kinds of it:

1. 2007 American Buffalo NGC PF70 Ultra Cameo . Cost 5.00

2. 2007 American Buffalo NGC Gold MS70 Early Releases.
Cost 1.29

There are 2 different kinds of gold ? What is the difference between PF70 Ultra Cameo and Early Releases ??? Why is the first is more expensive?

I bought this 2007 American Buffalo yesterday but the buyer did not specify is it Cameo or Early Releases. It was just stated - "2007 US MINT 1 OUNCE 24K SOLID GOLD BUFFALO COIN" The total price is 2.67.

I didn't pay yet. Should I cancel the transaction ?

The last question - is it a good idea to invest in these 24K coins? Will the prices always go up for a long run? Any good books, resources where I can find some info about buying gold, esp. about coins?

I'm sorry if my questions look confused. Thank You.

Best answer:

Answer by I. B. Zoxx
Wow..You're covering a lot of territory here. I will try to answer at least part of this.
Your coin #1 above is PF70 or Proof 70. That is a proof coin and the highest grade possible.
Your coin #2 above is MS70 or Mint State 70. That is an uncirculated 'business strike' coin, and once again, 70 is the highest grade possible. The gold content is identical, but the appearance of the coin is quite different. The proof coins have mirror-like fields and frosted raised surfaces, which make them more attractive coins.
I personally think the 'Early Release' designation is something of a scam. There is no difference other than the early release coins were among the first struck.
As you describe your purchase, I can't tell if it is proof or uncirculated, or if it grades MS70/PF70 or lower (or if it has been graded / slabbed at all). Coins with the 70 grade are generally somewhat more expensive. Even an MS69 coin would be less.
Overall, Gold coins such as these will do OK over the long run. I can think of many worse things to invest in.

Added later: I suppose I should say something about grading services, also. NGC is an independent third party grading service, not affiliated with the US Mint. PCGS and ANACS are the other two large grading services. There are many others, but they should be avoided completely. What they do is grade coins on a scale from 1 to 70, where 70 is the so-called perfect coin. They put the graded coins in a sealed plastic holder usually referred to as a slab, with the name of the grading service, the type and date of the coin, and the grade clearly indicated..
This is a very simplistic explanation, and once you get into it, you will have more questions. Amongst all the responders who clearly know nothing about coins or collecting, there are four or five very knowledgeable people here that regularly answer coin questions.

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Originally posted 2010-08-03 17:35:28. Republished by Blog Post Promoter