Tips of Collecting Silver Buffalo Coin
Written by admin on February 15, 2009 – 2:42 am -For coin collectors seeking the Silver Buffalo Coin, getting a coin in excellent condition is of the utmost importance. A commemorative Silver Buffalo Coin was created in 2001 which consists of approximately 90 percent pure silver. The commemorative coin is a replica of the original Buffalo Nickel first created by James Earle Fraser and cast between 1913 and 1938. On the front of the Buffalo nickel appeared the profile of a Native American and on the back a standing buffalo is visible. The same design appears on the commemorative coins created in 2001.
The commemorative Silver Buffalo Coin is fully endorsed and backed by the United States Mint. It is possible for buyers come across counterfeits of 2001 Silver Buffalo Coin in the market. One will find on genuine coins that the backside of the coin is inscribed with the words “IN GOD WE TRUST,” just beneath the words “United States of America.” The latter text is arched above the buffalo on the back of the coin. Just beneath the buffalo’s head on the coin, the words “E Plubribus Unum,” the Latin phrase meaning “Out of Many, One” appears. The latter words are indicative of genuine commemorative coins as such an inscription is not inscribed on replications.
On a genuine Silver Buffalo Coin, coin collectors can also easily spot the specific denomination just below the buffalo on the obverse side of the coin which should clearly read “One Dollar.” Replications may display the words “giant buffalo proof” where the denomination amount appears on genuine coins. In addition, just below the denomination indicator on the obverse side of the coin, one will find the letter “P” which is an indicator of what mint cast the Silver Buffalo coin as well as the letter “F” which is indicative of the coin’s original designer. The uncirculated version of silver Buffalo coin is minted in Denver, CO, with a "D" Mint Mark inscribed on the coin instead. Another clear clue that the coin is genuine is the fact that on the front side of the coin on the lower left is the engraved year: “2001.”
Careful examination of the Silver Buffalo Coin will give a coin collector a solid idea about what he or she is buying. It is easy to separate all of the replicas from the originals when one knows what to look for. Understanding the identifying markers will help the coin collector ensure he or she is getting a genuine coin in every instance. You can also subject it to the magnet test. A silver coin won't be attracted to the magnet, but a fake steel coin would.
Tags: silver buffalo coin
Posted in Gold Buffalo Coin Articles | No Comments »
American Buffalo Coin Buying Guide
Written by admin on February 15, 2009 – 2:40 am -Coin collectors from around the world are currently looking for buying the American Buffalo Coin. The American Buffalo Coin Proof is valued at a sizable price tag: $950 to be precise and was released just three years ago in the year 2006. Coin collectors looking for this particular coin first familiarize themselves with the coin’s characteristics to ensure that they are getting an authentic coin.
American Buffalo Coin is crafted out of 99.99 percent 24-karat gold bullion, possesses a reeded edge, and is roughly 33 millimeters in diameter. The front of this stunning coin features a profile of a Native American and the back of the coin sports an American Buffalo. This particular coin is much like the original Buffalo Nickel first released in the year 1913. The back of the modern American Buffalo Coin has a raised area which reads “$50,” and just beneath that are the printed words “1 OZ. .9999 FINE GOLD” in smaller text. The buffalo on the back of the coin is standing so that its entire body profile can be seen and just beneath its head inscribed the words “IN GOD WE TRUST.”
Coin collectors looking for the authenic American Buffalo Proof Coin should examine the coin to see if it has a “W” on the front of it. This usually indicates that the coin is an uncirculated Proof coin and is one of 300,000 uniquely struck coins. The demand for this coin has increased dramatically since the onset of the recession, and the coin is seemingly becoming more difficult to come by. Nevertheless, Internet has made it more possible to get access to these highly coveted coins. Distributors are offering the option of ordering the American Buffalo Coin online and coin collectors are rushing to get the highly valued coins that they covet.
The American Buffalo Coin comes with a full government guarantee backing the authenticity and the amount of gold that the coin contains. When ordering the coin online, it is highly recommended that you take the time to review all details about the particular coin. And remember to buy from a reputable seller with the most reasonable price offerings.
Tags: American Buffalo Coin
Posted in Gold Buffalo Coin Articles | No Comments »
How to Buy Gold American Buffalo Coin Online Safely
Written by admin on February 11, 2009 – 10:15 pm -With current economy in crisis and gold prices rising, smart investors have turned to gold for better asset preservation. Buying gold coins, such as gold American Buffalo coin, are the most practical method of owning gold. As the first 24-karat gold Bullion coin released by the United States Mint, gold Buffalo coin is the ideal coin for you to start, because the weight, gold content and purity of Buffalo gold coins are guaranteed by the U.S. government.
One of the best ways to purchase gold American Buffalo coin is online at BuffaloCoin.com. Our Buffalo coin auctions always ensures you can really get the best values buying your dream Buffalo gold coins. There are many ways buyers are protected, but the best way to determine if a seller is reputable by looking at their feedback score and comments left by previous customers.
Here are important tips that will give you a pleasant and save experience for your next online purchase at BuffaloCoin.com.
1. Buy from Power Sellers, who are well established and care about their reputation and customers. You can also buy from a seller who has been around for a while.
2. Always check the feedback number. The higher number of feedbacks, more confidence you can have in a seller. Also look at feedback scores as well. A good rule of thumb is always buying from a seller with feedback score over 90%.
3. Try to find gold coin auctions with “No reserve price”. So you do not have to bid up to “reasonable” price on the coin, and actually may land a better deal on a gold coin.
4. Read the auction listing carefully. Don't forget fine prints and Return policy. Ideally, you want the seller to allow 7 to 10 day for you to evaluate the gold American Buffalo coin and decide if the coin was advertised correctly.
If you are going to buy gold American Buffalo coin or any other coin online, remember to keep an eye on the gold market value, as daily fluctuations can be dramatic sometimes.
Start shopping for Gold American Buffalo Coin now!
Tags: American Buffalo Coin, Buffalo gold coins, Gold American Buffalo Coin, gold Buffalo coin
Posted in Gold Buffalo Coin Articles | 2 Comments »
United States Mint Updates Pricing for American Buffalo Gold Coins
Written by admin on January 12, 2009 – 3:53 pm -Jan 12th, 2009 - The United States Mint updated the pricing for the 2008 American Buffalo gold coins reflecting the rising gold prices in the market.
U.S. Minted released a notice back last week, announcing a new pricing policy will be adopted. This new pricing policy would price gold and platinum coin primarily based on the London Fix weekly average. The purpose of introducing this new pricing policy is to mitigate the effect that fluctuating gold market prices has on gold coins. The new pricing mechanism is much more open as it contains tables of coin prices based on ranges of London Fix bullion prices. If the London Fix weekly average stays within a $50 range for gold, the collector gold coin prices would not be change. Otherwise a price adjustment will take place.
The new pricing policy has resulted in substantial price increases for many of the remaining 2008 gold coins including 2008-W American Buffalo gold coins.
2008-W American Buffalo Gold Coins Prices Update
Old Price New Price Change
Double Prosperity Set $1,079 $1,175 $96
Celebration version $969 $1,147 $178
Shop for 2008 American Buffalo gold coins now!
Tags: American Buffalo Gold Coins Prices
Posted in Gold Buffalo Coin Articles | 1 Comment »
2008 Proof Gold Buffalo Updated Mintages
Written by admin on December 28, 2008 – 8:12 pm -Revised sales figures for the collectible 2008-W Proof Gold Buffalo Coins have been released by the United States Mint. This follows the previous release of revised figures for the 2008 Gold, Platinum, and Silver Eagles and the 2008-W Uncirculated Gold Buffalo coins. The revised numbers are surprising and result in overall mintage increases for all Proof Gold Buffalo coins.
Below is a table presenting the revised sales figures for the collectible 2008 Gold Buffalo coins by product option. A total column is added to compute the total mintage for coins across all product options. I am also reproducing the numbers for the collectible uncirculated Gold Buffalo coins, which were previously released.
| 2008 Gold Buffalo | Per Option | Total |
| 1 oz. Uncircualted | 3,025 | 9,074 |
| 1/2 oz. Uncirculated | 3,237 | 16,908 |
| 1/4 oz. Uncirculated | 3,900 | 9,949 |
| 1/10 oz. Uncirculated | 11,380 | 17,429 |
| 4 Coin Uncirculated Set | 6,049 | |
| Double Prosperity Set | 7,622 | |
| 1 oz. Proof | 11,060 | 25,496 |
| 1/2 oz. Proof | 2,184 | 16,620 |
| 1/4 oz. Proof | 1,331 | 15,767 |
| 1/10 oz. Proof | 11,080 | 25,516 |
| 4 Coin Proof Set | 14,436 |
The revised figures for the proof coins show a huge drop for sales of the individual 1/4 oz and 1/2 oz coins. These were previously reported as 4,638 (1/2 oz) and 5,972 (1/4 oz). This was offset by an increase in the number of reported sales for the 4 Coin Set, which changed from 7,931 to 14,436. The net result is increased mintages for all of the 2008 Proof Gold Buffalo coins. Find the full comparison on Numismatic News.
After the recent updates, the mintages for the 2008-W Uncirculated Gold Buffalo coins are now well below the mintages for the corresponding proof coins (except the 1/2 oz). Until now the proof versions seem to have brought higher premiums on the secondary market. It will be interesting to see if the revised numbers cause this to change.
The big changes have made some people justifiably skeptical of the new numbers, and sales figures reported by the US Mint in general. I don't have a good explanation for the huge shifts in the numbers, but the unique confluence of events in late 2008 might have created an environment for flawed sales reports or large subsequent adjustments.
For the majority of 2008, collectible gold coins available from the US Mint had been priced at excessive premiums. The coins were released at a time when the price of gold was high and prices were not adjusted after the price of gold moved lower. The collectible platinum coins were also priced at high premiums and were completely unavailable for several weeks at a time while the price of platinum fell precipitously. Starting in 2009, the US Mint began a new pricing policy which made coin prices more responsive to changes in precious metals prices and also eliminated the need to lengthy sales suspensions.
Late in the year, the US Mint announced sweeping product discontinuations which would eliminate nearly all Gold Buffalo offerings, nearly all Platinum Eagle offerings, and all fractional uncirculated Gold Eagle offerings. Just a few days later, the remaining 2008 gold and platinum coin products had their prices slashed to bring premiums into line with precious metals prices.
The combination of the discontinuation announcement and lower prices set off a rapid pace of sales into the end of the year. Products quickly sold out or entered backorder status, with some backorders extending for months. Products previously purchased at higher prices might have been returned or customers may have canceled orders not yet delivered. This chaotic environment may have caused flaws with the sales reporting for this period.
Source: the US Mint
Tags: 2008 Proof Gold Buffalo
Posted in Gold Buffalo Coin Articles | No Comments »