don't get DUPED by GOLD coins that are not collectible

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  • Опубликовано: 17 окт 2024

Комментарии • 3

  • @tomsch5801
    @tomsch5801 Месяц назад

    How about ones that blur the lines like 2008 fractional Gold Buffalos (low mintage, only made that year)?

    • @michael_arries
      @michael_arries  Месяц назад

      Yeah, with those, it's a new bullion coin with a limited production, so if collectors really want them they pay more, or even if there's not high demand, the low supply will make the price higher, there's just so few instances of that working to an investor's benefit. Gold proof coins have had some premium gains as well at various points. The 1oz Proof Buffalos were good at first, then they were disallowed in IRAs after the fact and that made the premium disappear. With newer coins, 95% of the time it is better to buy low premium and get the most ounces possible. That's what I've seen. Thanks for the comment!

    • @michael_arries
      @michael_arries  Месяц назад

      Also, proof coins like the 2008 Buffalos and others are normally best in the original velvet box from the mint with the certificate of authenticity, they get a premium on the wholesale market in that condition. When you see PF70 graded coin by itself in the rectangular case, it is an incomplete proof set technically