The value of a 2011 gold buffalo coin copy will be significantly lower than that of an authentic 2011 American Gold Buffalo coin. Here’s why and what you can expect:
1. “COPY” inscription: Genuine American Gold Buffalo coins do not have the word “COPY” inscribed on them. If your coin has this inscription, it is a replica and not a genuine bullion coin.
2. Limited monetary value: Replica coins marked with “COPY” have no monetary value as bullion coins. Their worth is generally much lower, often around $7 to $13.88 depending on the seller and the condition. This is because they are not made of pure gold and don’t hold the intrinsic value associated with a true gold coin.
3. Gold plating vs. solid gold: These replica coins are often gold-plated, meaning they have a thin layer of gold over a base metal core. They are not made of solid gold, and therefore lack the significant gold content of a genuine Gold Buffalo coin.
4. Purchase options: You can find these replica coins for sale on platforms like eBay and Mercari.
In summary: If you possess a 2011 gold buffalo coin with the word “COPY” inscribed on it, it’s a replica and not a valuable bullion coin. Its value will be significantly less than an authentic 2011 Gold Buffalo coin, which is tied to the current market price of gold.
Why does my Gold Buffalo coin say copy?
A copy coin is a coin that uses a design from a popular coin. These coins may or may not be made of precious metals, and the intention here is to replicate bullion or rare gold coins. They will typically indicate that they are copy coins, so that they do not deceive consumers.
What if a gold coin says copy on it?
The word copy on it means it is a replica (copy) of a rare coin, so it is worth the amount you paid for it to you, but nothing to others. It a copy of an ultra rare 1933 double eagle. It’s most likely just plated.
How to spot a fake Gold Buffalo coin?
Good point! Magnet Test: Gold is not magnetic. If a coin is attracted to a magnet, it strongly indicates that it is not made of pure gold. Ceramic Test: This involves dragging the coin across a piece of unglazed ceramic. If the coin is real gold, it will leave a gold streak; if it is fake, it will leave a black streak.
How much is a Gold Buffalo coin worth today?
From my experience, The current ask purchase price for a Gold American Buffalo is: $3,487.50. The best reference for today’s Gold American Buffalo coin prices is right here on our price chart page. For a comparison of Gold American Buffalo Coins prices to other gold coins, however, refer to Monex’ Live Prices page.