Archive for March 26th, 2008

March 26, 2008

>buffalo bullion

>So, ok… I know they are not “rare coins” but in the mad rush towards bullion the new Buffalo Gold pieces that have been slabbed “Cameo Proof” or “First Strike” are inherently rare. These bullion pieces already sell at a premium over spot and that premium has been climbing. Consider the state quarters which are really kids stuff but make the point. State quarters are worth a quarter unless they are proof or slabbed with some unique identifier like “Ultra Cameo Proof”, some of which now retail for 100x’s their face value. So if you are going to make an investment in bullion consider the fact that bullion will always be the price of bullion but a graded proof automatically makes the coin rare.