Secondary market values of the 2013-W $50 Reverse Proof Gold Buffalo are solid to very strong with sellers making money even as buyers show restraint.
United States Mint sales of the special-edition reverse proofs, which celebrate the 100th anniversary of the designs by James Earle Fraser, ended after their four-week ordering window closed on Sept. 5, 2013. The last reported sales total for the one-ounce 24-karat gold piece was 47,836.
In a volatile precious metals market and during the two weeks since the reverse proof went off sale, collectors certainly haven’t sprinted to buy more in the secondary market. Still, they are willing to spend to get top-graded coins into their collection.
A search of eBay auctions resulted in just over 200 listings using the keywords "2013 Reverse Proof Gold Buffalo" and a two-week date range of Sept. 6 to Sept. 20. The overall sell-through rate for these came in at 40.7%. Coins that moved quicker and at the best prices were those graded "70."
First, before getting into values, there are three pricing points worth noting for the reverse proof Gold Buffalo. It debuted on Sept. 5 for $1,640. It went higher from there two times. Advancing gold prices lifted the coin’s price by $50 on Aug. 14 and by another $50 on Aug. 21. Sales of the coin ended on Sept. 5 while priced at $1,740.
And with that, here is a snapshot of recent eBay auction results during the two-week period of Sept. 6 to Sept. 20:
Ungraded coins averaged $1,812, with the low-end at $1,740 and the high-end at $2,000. The sell-through rate for listings was 27.1%.
Coins in PCGS PR70 averaged $2,429, with the low-end at $2,100 and the high-end at $3,900. The sell-through rate for listings was 56.1%.
Coins in NGC PF70 averaged $2,279, with the low-end at $2,050 and the high at $3,499.95. The sell-through rate for listings was 54.8%.
Coins in PCGS PR69 averaged $1,842, with the low-end at $1,800 and the high-end at $1,879. The sell-through rate for listings was 27.8%.
Coins in NGC PF69 averaged $1,829, with the low-end at $1,780.90 and the high-end at $1,880. The sell-through rate for listings was 20%.
CoinNews.net will publish any updates to U.S. Mint-provided sales figure for the 2013-W $50 Reverse Proof Gold Buffalo, if released, and revisit secondary market prices down the road.
US Mint Numismatic Gold and Platinum Coin Prices
In other coin news, don’t expect U.S. Mint pricing changes tomorrow, Sept. 24, for numismatic gold and platinum coins.
Last Wednesday, Sept. 18, the United States Mint cut prices on its gold coins by $50 for every ounce of gold content. That happened when gold’s weekly average retreated to within $1,300 and $1,349.99 an ounce. The Mint also dropped proof Platinum Eagle prices by $50 when platinum fell to within $1,400 and $1,449.99 an ounce. Gold and platinum prices later that day and through Thursday soared when the Fed announced it was holding its stimulus steady.
Since Thursday, however, precious metal prices have pulled back and averages are solidly within the same ranges. That means no U.S. Mint changes in coin prices to include the regular proof Gold Buffalo that sells for $1,690 at www.usmint.gov/catalog.