Coin and Paper Money Collecting/Gold Buffalo Question

Advertisement

Expert: - 11/1/2006


Question
Good afternoon, I recently purchased a couple of the new Gold Buffalo coins and they arrived in a thin plastic sleeve with the words U.S. Mint stamped on it. My question is: Can I remove the coins and place them in an Air-Tite Coin holder or will they loose value by opening the sleeve?  

Answer
Hi Lee,
There are 2 different rules of thought.  Some people prefer the original mint packaging but they have had problem with the new packages.  It seems that when exposed to the cold, the packages open up.
My feeling is that you are buying the coin, not the package.  Will they "lose value", remember that they are worth their weight plus a small premium.  Whether coins in secondary market holders will be worth what original holders are worth is anyone's guess.  So, to on the safe side, I would say leave them as they are.

Regards
Joe Hylas

Coin and Paper Money Collecting

All Answers

Answers by Expert:

Ask Experts

Volunteer

Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

©2012 About.com, a part of The New York Times Company. All rights reserved.