2001 American Buffalo Dollar - will they hold their value?

[Zoins]

I've been surprised at the selling prices for the 2001 American Buffalo $1 coins. These coins were offered at $32/$37 and now seem to be commanding prices in the $200-$300 range per coin. Since the entire mintage of 500,000 coins was sold out I assume there's no shortage. What's going on here? Is there one organization (or a small group) that is holding the bulk of these coins (like the diamond industry)? I'm wondering if we're just seeing the effects of a temporary spike in demand and if anyone expects the current prices to be sustained.

[EZ_E]

They will eventually level out at about $125 per coin (raw) again once the hype of the gold buffalo dies down.

[Zoins]

Thanks EZ E. You just helped me avoid a potentially expensive purchase.

[EZ_E]

Thanks EZ E. You just helped me avoid a potentially expensive purchase.

 

[LuvToCollect]

They were high a while back, then dropped and went back up when the gold coin came out

[mrkelso]

This is the type of Coin that no one wants to part with. I think the Franklins will be the same way in time.

[EZ_E]

This is the type of Coin that no one wants to part with. I think the Franklins will be the same way in time.

 

Maybe the Continental Dollar reverse for the Franklin. Maybe not so much for the young scientist design.

 

The Marine corp commem is the one I expect to escalate in value because of all of the marine corp vets that won't let loose of them. I still have 10 unc, 10 proof and 5 coin/stamp sets. I reckon that I will hold onto them until they apprciate or I really need the cash. I just noticed last week, though, that their prices have dropped by 20%.

[Beijim]

EZ_E is right. Current price levels for these coins are absurd. Patience is your ally.

 

Beijim