Price Performance of 1/2 Oz. Gold Buffalo Coins
Michael from the Mint News Blog has written a great article on the price performance for US Mint Sold Out 2008 Products. In this article, Michael researched the what certain US mint coins are selling for on Ebay today versus what the US Mint sold these US coins for.
1/2 Oz. Gold Buffalo Coin
I am very impressed by how much these products are currently selling on Ebay for. The 2008-W Uncirculated Gold Buffalo 1 oz. gold coin has gone up in price by 50%. The 1/10 oz. gold buffalo coin is selling for 112% more than the US Mint sold this coin for. The 2008-W Uncirculated Gold Buffalo 4 coin set has gone up by 56%. I am shocked by these staggering premiums.
In addition to being surprised by the premiums being paid on the above gold buffalo coins, I am confused by the price performance of the 1/2 oz. gold buffalo coins. Unlike the huge premiums being paid for the 1 ounce gold coins and the one-tenth ounce gold coins, the premium being paid for the half ounce gold coins is only 24%.
This lower premium is not just associated with the half ounce uncirculated gold buffalo coin. The 2008 proof half ounce gold coin, 2008 half ounce uncirculated platinum eagle, and half ounce proof platinum eagle coin all performed worse than the other fractional coins.
Does anyone know why the 1/2 ounce coins are performing worse than the other fractional coins? I am sure there is something that I am missing here, but it is strange that the half ounce coins all did worse.
Tags: buffalo gold coins, Investing In Coins, platinum coins, US Gold Coins
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Comments (2)
2 Responses to “Price Performance of 1/2 Oz. Gold Buffalo Coins”
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Coinblogger Says:
December 31st, 2008 at 2:51 pmMichael,
Thanks for leaving a comment on my blog. And, thanks for giving your opinion about the 1/2 ounce coin.
December 31st, 2008 at 1:52 pm
That’s a very interesting observation. While putting together the numbers, I didn’t notice this.
One partial explanation for the 1/2 ounce Unc Buffalo is that these coins are still available from the US Mint via the Double Prosperity Set. The set contains the 1/2 ounce Gold Eagle and Gold Buffalo. This might be putting a damper on the Unc Gold Buffalo, but I can’t explain the others.