Are You Getting Ripped Off Every Time You Buy a Gold Buffalo?

Поделиться
HTML-код
  • Опубликовано: 17 окт 2024

Комментарии • 116

  • @michaelrussell5736
    @michaelrussell5736 3 месяца назад +12

    Buffs all the way!!! Worth the small extra. I love classics. And the Buff is that!

  • @silvertrek357
    @silvertrek357 3 месяца назад +24

    If you like the Buffalo better, then an extra ten bucks is worth it. If you like 24K but want to spend less on premium, get a Canadian Maple Leaf.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      Excellent point! Thanks

    • @michaelrussell5736
      @michaelrussell5736 3 месяца назад

      @@silvertrek357 but chances are that you will get less for the Maple if you go to sell it, too. Buffalos command top dollar. Maybe because it doesn’t have that ugly King on the obverse. Lol

    • @silvertrek357
      @silvertrek357 3 месяца назад

      @@michaelrussell5736 i only look at thr reverse of Canadian coins!

    • @DrSchor
      @DrSchor 3 месяца назад

      i am trying to understand. why cant i get a Krugerrand instead of a CML? thanks for helping the new guys

    • @kertbert1
      @kertbert1 3 месяца назад

      @@DrSchor Krugerrands are part copper and you can see the color.

  • @pifs-TM
    @pifs-TM 3 месяца назад +5

    Happy 4th C&C! And personally I love the US gold coins, but I think both are more expensive and not worth the round trip in purchases and sales compared to other gold pieces. Don’t get me wrong, love them….but I can’t justify the price difference in my mind. For US gold, the secondary Commemorative $5 & $10 gold coins are the best bang for my buck! Thanks for sharing! -PiFS 🐀

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      I agree they are pricey. I’m always concerned about buy back prices. Good points. Thanks.

    • @CalvinCooper-ry8sr
      @CalvinCooper-ry8sr 3 месяца назад +1

      USA USA USA USA USA

  • @PrepperJAC
    @PrepperJAC 3 месяца назад +5

    1-ounce pure 24k is worth the premium price verses 91% in my opinion. Maples are a nice alternative too. Eagles just look too much like copper but if that's your coin of choice, buy what you like!

  • @theenglishprofessor8411
    @theenglishprofessor8411 3 месяца назад +13

    Happy 4th of July! 🇺🇸
    I don’t ever get ripped off on Gold Buffalos because I can’t afford to buy them! 😂 I’m strictly a fractional gold guy who’s probably getting ripped off on the smaller pieces. 🤷🏻‍♂️

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +5

      Fractional is the best way to buy! Thanks.

    • @DrSchor
      @DrSchor 3 месяца назад

      not probably. you know in your heart that it is a rip-off for sure

    • @theenglishprofessor8411
      @theenglishprofessor8411 3 месяца назад +2

      @@DrSchor 😂So is driving an expensive convertible-which I do…and so is going to the doctor, which I don’t “Dr. Schor”! (Unless you’re one of those fake doctors with an academic grad degree or worse, an eye doctor!)
      You do YOU, Schorry…😉👍

  • @SilverStruck
    @SilverStruck 3 месяца назад +6

    Very well done video Cash! I'm a fan of the Buffalo- even with the 10 dollar premium over the ASE. To be honest, we only need one US gold coin, so if they just made the ASE 9999 pure, that would solve the issue, imo! I think 9999 is important for liquidity- Canada and there tax structure favors 9999 pure and pretty much all other mints now feature 9999 coins- Perth, RCM, RM and so on.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +2

      I totally agree. I don’t really understand why they don’t compete with the world. All Asian and European countries use 24k gold. Even PAMP is 24k. Thanks Silver Struck.

    • @DrSchor
      @DrSchor 3 месяца назад +1

      Did you say "to be honest" because without that declaration we can assume you are lying?

    • @SilverStruck
      @SilverStruck 3 месяца назад +1

      @DrSchor more that I like both the ase and the Buffalo but we don't really need two options

    • @DrSchor
      @DrSchor 3 месяца назад

      @@SilverStruck were you saying that honestly, or not? i can't tell

  • @garybennett8880
    @garybennett8880 3 месяца назад +2

    Yes we are not getting more for the silver and copper in the coin if you look at the metal’s. Now if you only want pure gold there is work required to get only pure gold. It’s up to the owner wants.

  • @josephglover4546
    @josephglover4546 Месяц назад +1

    I only buy gold eagles personally; it's just what I like.

  • @andrewmacomber1638
    @andrewmacomber1638 3 месяца назад +4

    Gold is gold. Gold is real money. Everything else is credit. Believe that or don’t buy either. Every once you buy (gold or silver) is a vote for sound money and economic freedom. Vote as often as you can. Buy buy buy!!!

    • @DrSchor
      @DrSchor 3 месяца назад

      confusing. why say buy, buy, buy if you only want us to buy once. please explain.

    • @andrewmacomber1638
      @andrewmacomber1638 3 месяца назад

      @@DrSchor yeah sorry that was a typo. Should say every ounce you buy…🤪

  • @homesteadaquarius
    @homesteadaquarius 3 месяца назад +4

    I love that 24k purity!

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      It does as a smooth golden gleam to it.

  • @ericenloe8967
    @ericenloe8967 3 месяца назад +6

    The Buffalo is pure .9999 Gold - Higher quality gold costs more

    • @Xyz99899
      @Xyz99899 3 месяца назад +3

      so is the maple leaf which cost way less

    • @stevelauda5435
      @stevelauda5435 3 месяца назад

      I have a gold 1oz Canadian cougar. It has a 200 dollar face value unlike other gold that have 50 dollar face value and boasts 99999 of gold purity. No other one has that that I know of.

    • @rustybritches6747
      @rustybritches6747 26 дней назад

      ​@@Xyz99899but it's ugly and this is America!

  • @bullionaddict9164
    @bullionaddict9164 3 месяца назад +3

    I would have to say it goes back to supply and demand.
    With the lower mintage on the Buffalo and the lack of options by weight they are more rare than the AGE causing the supply to be much lower.
    Me personally I love the Buffalo but I’d take either of them over a lot of other options.
    Happy Fourth of July, Mr. Cash 🇺🇸 🇺🇸

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      Happy 4th! They both are nice. Thanks.

  • @jadenephrite
    @jadenephrite 3 месяца назад +3

    The American Gold Eagle coin has a 22 karat gold alloy composition of 91.67% gold + 5.33% copper + 3% silver to make it harder and more abrasion resistant. 22 karat gold alloy has a Vickers Hardness of 90HV. By comparison, 24 karat pure gold coins such as the American Gold Buffalo or the Canadian Gold Maple Leaf have a Vickers Hardness of 30HV. Therefore 22 karat gold alloy coins are three times harder and more durable from abrasions than 24 karat pure gold coins. In olden days when gold coins actually circulated in commerce, then a more abrasion resistant gold alloy coin was more practical for its durability than a much softer 24 karat pure gold coin. Nowadays for more value per cost, Canadian Gold Maple Leaf 24 karat pure gold coins cost a lower premium than American Gold Buffalo 24 karat pure gold coins.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +2

      Great information. I think the maple is an excellent option. Thanks

  • @andymorales6907
    @andymorales6907 3 месяца назад +1

    Is the total weight of an eagle coin a tad over an ounce then, since it contains a few percent of other additives? You mentioned that both coins contain one troy ounce of gold.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      Yes. Both have one Troy ounce of gold. But the Eagle has copper and silver.

  • @SalivateMetal
    @SalivateMetal 3 месяца назад +2

    Great comparison between the two. I wonder if it's the cost of refining that contributes to the increase.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      Good question. Yet would mixing it have an impact on production price? Curious. Thanks Sal. Happy 4th

    • @DrSchor
      @DrSchor 3 месяца назад

      of course it does. it is very expensive to go from .999 to .9999. that is the only reason it costs more.

  • @markgotschall2914
    @markgotschall2914 3 месяца назад +3

    My LCS sells them for the same price.

  • @goldmaple5290
    @goldmaple5290 3 месяца назад +3

    Cash and Coins, I have come to the conclusion that it does not matter what gold coin you buy - as long as you keep in mind these important points. You buy the gold coin because it gives you pleasure, you buy it for the design, you buy it for how easily you can sell it - the liquidity. Price is important but it is not the most important thing.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      Good point. Thank you.

    • @DrSchor
      @DrSchor 3 месяца назад

      fascinating. outside of it's design, what pleasure does a coin provide?

    • @goldmaple5290
      @goldmaple5290 3 месяца назад +1

      ​​@@DrSchorOutside its design, a gold coin is not much different from another gold coin unless you look at its weight, purity, condition and lustre.

  • @thesarge4457
    @thesarge4457 3 месяца назад +3

    It's all about the Money, I had the opportunity to purchase 2 1oz. Gold Buffalos last year, 1 for a birthday and the other for Christmas, but I had to plan a budget plan to get them, I do have 1/4oz and 1/0 oz Gold AGE's, and I would like to get 1oz AGE, but it's just too much moo-lah for me, so I do what I can with other purchases. THE SARGE

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      They are densely packed wealth. I don’t buy many. I do most of the 1/10th oz. Keep on stacking.

    • @DrSchor
      @DrSchor 3 месяца назад

      so did you buy the two buffalos, or what?

    • @shanejones578
      @shanejones578 3 месяца назад +2

      I only buy 22k coins they’re prettier and stronger. Only have 1/10 oz and pre 33.

  • @GoodwalkSpoiled
    @GoodwalkSpoiled 2 месяца назад +1

    In my view the Buffalo is tops although softer than the Eagle. Just use plastic coin holders. No scratches or dents.

    • @CashAndCoinsYT
      @CashAndCoinsYT  2 месяца назад

      They are nice and worth the extra effort. Thanks.

  • @wasillastacker
    @wasillastacker 3 месяца назад +1

    Love the buffaloes I just added a buffalo a $20 Saint gaudens and a $20 Liberty head to my stack this week. Doesn't matter what you buy as long as you buy.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      Well said and congratulations on your pick ups.

  • @830pc209
    @830pc209 3 месяца назад +1

    I bought both and love both. If I had to choose between them, I’d choose to keep the buffalos, just based on the purity and overall looks. I keep them in capsules, so damaging them is not an issue. Also, the higher premium doesn’t matter to me when buying in small quantities.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +2

      I wish they were also fractional. They are nice coins

  • @constitutionaljb1751
    @constitutionaljb1751 3 месяца назад +2

    As I heard it said buy stuff you like but be smart about what you buy.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      That an awesome title of a video Thanks

    • @DrSchor
      @DrSchor 3 месяца назад

      it has to be one or the other, it can't be both. which do you prefer

  • @Xyz99899
    @Xyz99899 3 месяца назад +1

    both US coins are not worth imo. The premiums are way too high.

  • @tomkelly4516
    @tomkelly4516 3 месяца назад

    No ripoff with Buffs - Dealers often pay a higher (~1%) premium for Buffs over Eagles, which more than makes up for the higher original cost.

  • @tmsek8155
    @tmsek8155 2 месяца назад +1

    My coin shop sells them for the same price

  • @ulexite-tv
    @ulexite-tv 3 месяца назад +1

    Buffalo all the way. It is gold in colour and gold in truth. The copper makes the Eagle look like jeweler's rose gold, which is not my preference. I also happen to like the Perth Mint 1 ounce cast gold "button" bar -- not fancy, cheaper than the Buffalo, and very sweet in design -- it looks like a 24 caret Chiclet.

  • @stevelauda5435
    @stevelauda5435 3 месяца назад +1

    I prefer my gold maples 🍁 above all other gold coins that I have.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      The maples are great! Excellent choice. Thanks

  • @MinuteManPreciousMetals
    @MinuteManPreciousMetals 3 месяца назад

    I buy both. The premium on the Gold Buffalo is returned when / if you sell them. I like the design of the Buffalo better, but the reeded edges are cut poorly. The Series 1 AGEs are a better overall quality coin and I almost always receive a Series 1 if I buy a random date coin. I recently purchased a random date Buffalo from Bullion Exchanges for less than a random date AGE. I will be unboxing it on my channel tomorrow.

  • @vktravellog1242
    @vktravellog1242 3 месяца назад +1

    Eagles you get extra copper and silver but the buffalos looks so much nicer.

  • @byteme0000
    @byteme0000 3 месяца назад

    One reason that folks somehow think they're getting a "better" coin with the Buffalo is that it's rated at 24K gold--meaning that a Buffalo is 1.0 ounce of pure gold. What your average Joe still doesn't understand is that a gold Eagle **also** contains 1.0 ounce of pure 24K gold. The ONLY difference is that the Eagle contains **additional metal**--0.9 ounces of a silver/copper alloy that adds much greater durability to the coin--bringing its total weight to 1.09 ounces. (That's why it's 22K gold rather than 24K... even though it STILL CONTAINS 1.0 ounce of pure 24K gold.)
    Another reason that many folks will pay more for the Buffalo is that it's rated at .9999 pure gold, as opposed to the Eagle at .999. Guess what? That's a marketing gimmick. The difference between .999 and .9999 is literally nine ten-thousandths. That's a statistical blip. In other words, the difference between .999 and .999 is virtually infinitesimal. But there's a sucker born every minute, so what can you do?
    I really wish that the U.S. mint did a better job of educating people about what they're selling.

  • @josephsettle8558
    @josephsettle8558 3 месяца назад +2

    It's EASY, to figure out!!! ...the "eagle", is made of Gopper!!! At the HIGH PRICE, of a single oz. of gold, I don't want ANY COPPER!!

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      😅

    • @DrSchor
      @DrSchor 3 месяца назад

      i am a new stacker, trying to learn the lingo: what is gopper?

    • @josephsettle8558
      @josephsettle8558 3 месяца назад

      @DrSchor I'm simply combining gold, and copper, to equal gopper!! There's NO WAY, I want any copper, in my gold, at $2500/ oz. WELCOME, to the stacking community!!! Happy 😊 to have you with us!!

    • @littlejohnjp
      @littlejohnjp 2 месяца назад

      Though it contains trace amounts of silver/copper, there is still 1 full Troy ounce of gold there. Test the theory on a scale that measures in grams.

  • @clayhoward1623
    @clayhoward1623 3 месяца назад +1

    Fly like a Eagle!

  • @ChosenMJ
    @ChosenMJ 3 месяца назад +1

    I buy a variety of gold but I stack more fractional gold than anything else. When I have the opportunity to buy pure 24k gold I buy it. Fractional gold to me has more appeal than any other size.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад +1

      Fractional is on the top of my gold list.

    • @DrSchor
      @DrSchor 3 месяца назад

      how can fractional have more appeal to you, since , excepting 2008, no fractional gold is 24K, and you buy 24k gold at every opportunity. thanks for explaining to the new guys

  • @cledeusred5486
    @cledeusred5486 3 месяца назад +2

    buffalo's are the same price as eagles at costco

  • @goldmaple5290
    @goldmaple5290 3 месяца назад +1

    Cash and Coins, I don't think you are getting ripped off .It depends on what you value - everything is in the eye of the beholder. When you buy the Gold Buffalo - you are paying for the design, the quality, the purity, and the low mintage maybe even the weight ( it's only available in 1 oz - let's forget 2008 when they made fractionals ). In contrast, when you buy the Eagle you are buying that coin to accumulate or stack gold the quickest fastest way- that's why it's available in fractionals too for those that cannot afford to buy the 1 oz. I guess I see the Buffalo made for the true gold collector, a once in a lifetime item and the Eagle as a more generic gold bullion coin for the stacker. You cannot go wrong buying both. If I could afford it, I would buy both.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      Always great points. Thank you Sir.

    • @DrSchor
      @DrSchor 3 месяца назад

      best comment here. the gold buffalo is not meant to be bought by the riff raff.

  • @SovereignSaurus
    @SovereignSaurus 3 месяца назад +1

    For $10 more I'd take buffalos all day 😁

  • @luckywinner4936
    @luckywinner4936 3 месяца назад +2

    Hey Cash & Coins!
    I like your channel but you make it sound like buffalos are rarer than eagles. To me when you mint in the hundreds of thousands I don’t consider that rare whether it’s buffalos or eagles.
    Rare to me is 50 or less in mintage.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      I do agree. I hope I stated rarer than the Eagles. But definitely not rare. Thanks. I appreciate your comment.

  • @madness03
    @madness03 3 месяца назад +2

    when you sell back your buffalo it will demand a higher premium as well so your getting your premium cost right back so technically no your not getting ripped off

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      True. But definitely depends on who you sell it to. I’ve often seen The buy back is the same. Great point. Thanks

    • @byteme0000
      @byteme0000 3 месяца назад

      @@CashAndCoinsYT Nah, you won't get any additional premium. In fact, dealers almost never give you back *any* premium for gold or silver (even for eagles and buffalos). You'll be lucky to get spot. Go try to sell some right now if you don't believe me. Buy the cheapest gold and silver that you can find because it all sells for the same when you need to unload some of it.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      @@byteme0000 every now and then I do sell. It’s why I’m always shopping around for a best deal.

    • @DrSchor
      @DrSchor 3 месяца назад

      never accept advice from a youtuber who can't spell "you're". it is a dead giveaway for poor advice.

    • @DrSchor
      @DrSchor 3 месяца назад

      @@byteme0000 dangerous advice. clearly you are ignorant of collectable coins, they naturally rise in price faster than any other gold coin or bar, you should be ashamed of your self for deceiving the innocent youtubers who dont know better than to get advice on youtube.

  • @felipetejeda7545
    @felipetejeda7545 3 месяца назад

    A gold Buffalo is .004% more premium than a AGE, I don’t think that matters.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      Every penny counts? 😉😅

    • @DrSchor
      @DrSchor 3 месяца назад

      @@CashAndCoinsYT is that a question or a statement?

  • @324amgela
    @324amgela Месяц назад +2

    The Buffalo 24 karat I don't care but the American eagle none of that pure gold that's what it is and I got 23 of them

  • @Fr.VeniceLAI
    @Fr.VeniceLAI 3 месяца назад +1

    Gold is Gold, why just only those two coins ... better just purchase Gold cast -bars produced by some reputable mints...voila !.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      When it’s time to sell back. Gold isn’t always gold. In my experience. Thanks for the comment. I do appreciate it.

    • @Fr.VeniceLAI
      @Fr.VeniceLAI 3 месяца назад +1

      @@CashAndCoinsYT Yes indeed, more often than not, would have to sell at below Spot Price -2% or even -3%. The optimal price, is exactly at Spot.

  • @lutek6228
    @lutek6228 3 месяца назад +1

    no difference of price in Europe with my 3 coinssellers

  • @foxfourfan
    @foxfourfan Месяц назад

    Why are they called buffalo when it's clearly a bison?

  • @mrtrapper93
    @mrtrapper93 3 месяца назад +1

    Yeah, you're getting ripped off!

  • @malcolmspeakman9699
    @malcolmspeakman9699 3 месяца назад

    No, i do not buy micky mouse coins.

    • @CashAndCoinsYT
      @CashAndCoinsYT  3 месяца назад

      The Scrooge McDuck coins are nice 👍😃😉