Which buffalo nickel to buy??

Which buffalo nickel to buy??

Post by Jeff All » Tue, 10 Sep 1996 04:00:00



Opinions wanted.

I used to collect Buffalo nickels then got out a year or
so ago.  Well, I'm wanting back in since the coins are
so darn beautiful to look at.  I'd like to spend $1000
on a single "investment" coin and build the rest of the
collection around it.  If it were your $1000 to spend,
would you spend it on a really really nice, more common
coin, a nice EF'ish 1924S or something like that, or
an AU'ish 3-legged?  I'm not into collecting as an
investment since I just like having and admiring the coins,
but it would be fun to spend $1000 on a coin and hope to
have a chance that it would appreciate at a rate better
than a savings account.

Comments?

Also, has the "market" for buffalos gone up or down significantly
in the last year (since last summer) or are the prices I was used
to paying back then still fairly applicable?

Thanks,
Jeff A()

 
 
 

Which buffalo nickel to buy??

Post by Ronald Ferra » Thu, 12 Sep 1996 04:00:00


The market has gone up in the last year or so for buffalo nickels,
particularly in the higher grades.  As far as what coin to buy for $1,000
I think it depends largely on what type of collection you are aiming for.
 In my opinion a good cenerpiece for a buffalo collection would be an MS-
64 1913-S type two.  In MS-64 the price should be slightly over $900
retail.  You could probably do a bit better by making an offer to the
dealer.  Most will negotiate to some degree, even the larger dealers.  If
you are looking at a circulated set I would probably look at a well
struck 1926-S in Au-50-58.  This, of course is the lowest mintage and
very difficult to find fully struck.  It might take a while to find a
well struck coin in this grade as worn reverse dies tended to flatten the
reverse details.  This coin should retail right around $1,000.  Again, if
you choose this coin be patient and get a good strike.  Some others that
would make a good centerpiece, in my opinion are: Any type one proof,  
MS66-67
1913 type one,  a well struck 1924-S in Au 55-58,  1917-S in MS-63, 1919-
S in MS-63, or a 1937-D 3 leg in MS-62-63.

All the above is just my opinion.

Hope this helps.

Ron Ferrara
a buffalo hunter

 
 
 

Which buffalo nickel to buy??

Post by Cliff Lawles » Thu, 12 Sep 1996 04:00:00




Quote:
> Opinions wanted.

> I used to collect Buffalo nickels then got out a year or
> so ago.  Well, I'm wanting back in since the coins are
> so darn beautiful to look at.  I'd like to spend $1000
> on a single "investment" coin and build the rest of the
> collection around it.

-=====================================================

For $1000.00 go for the 1937-D 3 LEG in about MS-61 or 62. Make sure it's
certified by one of the major grading services.

If someone tells you  that you can't get one for this price, let me know. I
can probobly find you a nice example in this price range.

Cliff Lawless

 
 
 

Which buffalo nickel to buy??

Post by Karoleff » Thu, 12 Sep 1996 04:00:00


I would not think of ANY coin purchase as an investment.  I am a dealer
and preach to my customers that they should spend their money on coins as
a hobby not an investment.  I tell them that they can enjoy the hobby for
many years and at the end have a marketable item, unlike many other
hobbies.  They may make money, break even or loose, but they will still
have at least part of their capital coming back.  I have a friend that
loves golf.  He travels and plays some of the best courses in the country.
 He may spend anywhere from a few hundered to a couple of thousand dollars
a week on his hobby, all of which is unrecoverable.  Well, except for what
a used set of clubs are worth.  He enjoys his hobby and does not regret
spending the money.  He also collects coins and feels the same way about
them.  Buy a coin that simply grabs your attention and does not let go.
Something that has all your buddies green with envy after you show it to
them.  This may not be the most expensive coin you ever buy, but it may be
the most rewarding.  I sold a beautiful electric blue toned 13 T1 Buffalo
in 1986 for $500 to another dealer that I still remember.  True that was
too much money to keep it, but it is still in my memory banks.  Coins like
this are the ones to own.  Go to a show and search.  Have your favorite
local dealer keep an eye out for you.  Tell him you want the most
outstanding looking Buffalo he can find, even if it is a common date.
Remember, this is like falling in love, I can't explain it, you will know
it when it happens.  

So, be it a rare date or common one, good luck in your search.  Have fun
with your collection and quit worrying about the "investment angle".  

Numismatically Yours,

Brad

 
 
 

Which buffalo nickel to buy??

Post by Pacara » Sun, 15 Sep 1996 04:00:00


 RF> In my opinion a good cenerpiece for a buffalo collection would be an MS-
 RF> 64 1913-S type two.  In MS-64 the price should be slightly over $900
 RF> retail.  You could probably do a bit better by making an offer to the
  Hmm. But the thing with that coin is that you really don't get
all that much of a rarity boost by going to higher grades such as MS-64
(it only seems to really jump at the MS-65 level for the first time).
That coin is on a pretty steady slope up from AG to MS-64. A good
many other buffaloes take a big jump at various grade points. In my way of
seeing it (which is anything but the last word and my be utterly foolish
for all I know) I'd think you
may as well just take that one in a nice G or VG and leave the higher
grade purchases for one of the ones that gets a major boost starting at
say VF or MS-60 or MS-65.