'09 Gold buffalo proof sales already at 19,500

[hernancortes]

Not a buy anymore, for me..
http://mintnewsblog.blogspot.com/

[Apocalypto]

Why not? There will be a price increase soon with the POG shooting through the roof as it is.

[hernancortes]

It'll be a common-date Proof. Carefully chosen 1st spouses offer better potential.

[Apocalypto]

Darn. I hope you're wrong, because I already bought one. Now I have to hope and pray that they cease production.

[tekhen]

IMO, the writing was on the wall for the '09 proof buffs (starting in Nov '08).
Since the Mint suspended sales and cancelled product everyone who missed out on the '08s began to form a line. Add the fact that the buffs were released in late Oct., one had to know that the mintage was going to be more than the '08s with a possibility of having the highest mintage since it's inception.

[hernancortes]

Originally Posted by Apocalypto

Darn. I hope you're wrong, because I already bought one. Now I have to hope and pray that they cease production.

I think a cancellation of the spouses is more likely. Some of these are selling in the single digits weekly. In fact there have been periods where not a single sale has been recorded.

[mojo1]

Thanks for the update Hernancortes.

I'm hoping price goes up and more people feel the same way you do to keep the numbers reasonably low (under 50k) but I doubt it. Or maybe they will just stop selling them soon. It's all a crapshoot with the mint. I'm still happy I'll have one.

I can't bring myself to buy a 1st spouse.

[netwanderer]

Considering the premium of the spouses, I am going to buy another Buffalo 09'. I have a better idea for the mint. May silver spouses will be a lot more popular. But you are right the spouses are not doing well in the past months. Actually I always buy more silver because they are cheap.

[AV8R]

Do you have any idea on the current mintage numbers? Do you think the 09 bullion buffs will be low mintage?

[hernancortes]

2009 Bullion buffs are over 120,000 now. It's all relative to other years, and '09 will not be a low mintage year for these either. That said, as a bullion purchase they're just fine becuae they do keep their premium.

[hydro]

Thanks for the update. I think I am going to wait for the American Eagle Platinum Proof Coin.

[mojo1]

Originally Posted by hydro

Thanks for the update. I think I am going to wait for the American Eagle Platinum Proof Coin.

Have you seen the design? I won't be getting one. Might be real low numbers though like the 1st spouses.

http://platinumeagleguide.com/2009-platinum-eagle/

[AV8R]

Hernando, Thanks for the info. I thought the 09 bullion buffs might have a shot at some quick appreciation. Tulving has them in 69 for $52 over spot. When I see Apmex dumping their numis, I followed suit. God bless those ebay bidders. They are in a feeding frenzy on some of my coins. I am dumping numis and making a side ways move into bullion, but I hate buying at record highs.

[Apocalypto]

Originally Posted by hernancortes

2009 Bullion buffs are over 120,000 now. It's all relative to other years, and '09 will not be a low mintage year for these either. That said, as a bullion purchase they're just fine becuae they do keep their premium.

Question for you (and others reading this):

In light of the relatively high mintage numbers, what kind of difference do you foresee it making in value if you were to get your 2009 buffalo proof graded and it comes back at MS-70?

[hernancortes]

I dont know the rate at which buffs grade at 70 vs. 69 (like the UHR's high rate) or else I'd say go for it unequivocally. By asking this question I'm guessing you have bought one or some already or are planning to. In this case you're first strike eligible and even though its all a major gimmick, FS does fetch a premium on ebay. In any case examine it under magnification, and if you see the slightest mark, don't bother. Even though I have seen dinged buffs in 70 holders. Hope that clears it up LOL

[Clawdia]

Originally Posted by hernancortes

2009 Bullion buffs are over 120,000 now. It's all relative to other years, and '09 will not be a low mintage year for these either. That said, as a bullion purchase they're just fine becuae they do keep their premium.

I've got a chance to buy a bullion '09 buff at $1102 - tempted, but resisted, now having second thoughts.

Hate to buy high - but then there's that chance that gold''s up and gone, and this won't be high in the long run . . .

I hate decision making. At least I made the right decision to start buying a year ago, when 'high' was a few hundred dollars an ounce lower.

Anybody here think $1102 a "buy" for a bullion buff, or is it too much to spend?

[hernancortes]

I've said before that any buffalo is one to hold onto. They're 24k which gives it a more universal appeal, they're as liquid as any coin out there, they've had production halts and hiccups which have vaulted premiums. And if you have a llitle money, it's still possile to build a complete series since it's so young, I think there's only 15 or so coins in it total so far. The '09 is no King, but get one for your collection

[AgKanga]

Originally Posted by Clawdia

I've got a chance to buy a bullion '09 buff at $1102 - tempted, but resisted, now having second thoughts.

Hate to buy high - but then there's that chance that gold''s up and gone, and this won't be high in the long run . . .

I hate decision making. At least I made the right decision to start buying a year ago, when 'high' was a few hundred dollars an ounce lower.

Anybody here think $1102 a "buy" for a bullion buff, or is it too much to spend?

I would hold off at $12 over spot but if you could send me the link to your supplier in a PM, that would be great...

It's about $65 cheaper than the big online suppliers and ~$100 cheaper than ebay ...

[Goald]

Originally Posted by Apocalypto

Darn. I hope you're wrong, because I already bought one. Now I have to hope and pray that they cease production.

Are you serious?! What a reason to buy one :)

[diversified2]

Originally Posted by mojo1

Have you seen the design? I won't be getting one. Might be real low numbers though like the 1st spouses.

http://platinumeagleguide.com/2009-platinum-eagle/

That is truly not what I was expecting....I may need to rethink the Proof Buff

[Apocalypto]

Originally Posted by Goald

Are you serious?! What a reason to buy one :)

What do you mean? My reason to buy one is that I wanted one. No other reason. But if the mint ceases production with a low mintage, how is that bad for someone who's got one?

[mojo1]

"The latest figures from the US Mint show that 27,955 coins have been sold since its launch on October 29th, Coin Update News reports."

http://www.gold.org/news/2009/11/11/..._still_rising/

[Apocalypto]

Maybe those Arabs are finally listening to Schiff.

[HistoryStudent]

Originally Posted by tekhen

IMO, the writing was on the wall for the '09 proof buffs (starting in Nov '08).
Since the Mint suspended sales and cancelled product everyone who missed out on the '08s began to form a line. Add the fact that the buffs were released in late Oct., one had to know that the mintage was going to be more than the '08s with a possibility of having the highest mintage since it's inception.

And you forgot to mention the UNSPOKEN secret. The MINT MINTED MINTED AND MINTED and WAITED WAITED and WAITED.

Gee I wonder why.


(Follow the money )

[HistoryStudent]

Originally Posted by mojo1

"The latest figures from the US Mint show that 27,955 coins have been sold since its launch on October 29th, Coin Update News reports."

http://www.gold.org/news/2009/11/11/..._still_rising/

I bought a few - I'd rather have 10 UHRs (5 in slabs and 5 in US boxes).

Mommy drowned all the dumb ones.

[mick silver]

19.500 for over 6 billion people . i think this coing will in time move higher in price

[HistoryStudent]

Originally Posted by diversified2

That is truly not what I was expecting....I may need to rethink the Proof Buff

Could have been worse Bill Hillary Monica and Obama in a love fest!

Gosh, Fruedian slip.

[mojo1]

Well they're $50 more this week so I'm happy I bought one on the 29th. Maybe the price increase will dampen sales. All those waiting for a lower price will probably continue to wait until/if it goes down. Be nice if they didn't go over 50k but....

[diversified2]

Originally Posted by HistoryStudent

Could have been worse Bill Hillary Monica and Obama in a love fest!

Gosh, Fruedian slip.

ACHI am sure to have nightmares tonight HS!!!!!!!!!

[mojo1]

"The total number of coins sold to date is now 32,271. This is comprised of 19,468 coins sold during the opening three days, then 8,487 coins sold during the following week, and 4,316 coins sold in the most recent week ending November 15."

http://mintnewsblog.blogspot.com/200...roof-gold.html

Next week if gold climbs just $10-15 more they will cost $1460. That will slow the sales down even more. My guess is they will finish up lower than 07 Proof mintage of 59,998.