2 X 2006 $50 GOLD BUFFALO NGC MS 70 1ST STRIKES ERROR + CORRECT LABELS !!

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Sep 20, 2012
  • Channel: Auction House
THIS LISTING IS FOR 2 X 2006 MS 70 FIRST STRIKES GOLD BUFFALOS. YOU ARE BIDDING ON A VERY UNIQUE 2006 NGC LABELING ERROR $50 GOLD "BUFFALO". IN 2006, WHEN THE BRAND NEW GOLD BUFFALO COINS WERE FIRST INTRODUCED, THE UNIQUE PROPERTY OF THE COIN WAS THAT IT WAS THE VERY FIRST COIN IN U.S. MINT HISTORY TO BE ISSUED IN "PURE .9999 24 KT GOLD". THE GRADING SERVICE WAS SO PREOCCUPIED WITH INCLUDING A LINE IN THE LABEL DENOTING THE PURE GOLD CONTENT, THEY INADVERTANTLY IDENTIFIED THE "BUFFALO" AS AN "EAGLE ". I HAVE OWNED THESE COINS SINCE THE TIME OF GRADING, AND WAS TOLD BY NGC THAT THESE WERE AMONG THE VERY FIRST GOLD BUFFALOS EVER CERTIFIED BY THEM. ALL ONE OZ. GOLD COINS WERE EAGLES UP UNTIL THE BUFFALO'S RELEASE. APPARENTLY LESS THAN 50 OF THESE MISLABELED " .9999 GOLD EAGLES" ESCAPED WITH THIS LABEL. THEY ARE RARELY SEEN FOR SALE. NGC WILL BE HAPPY TO CORRECT THE ERROR, BUT WHEN I INQUIRED 4 YEARS AGO, THERE WAS SOME QUESTION AS TO WHETHER THEY WOULD STILL GIVE IT A RED FIRST STRIKES LABEL IF SUBMITTED FOR CORRECTION. YOU CAN BE THE FIRST AND ONLY KID ON YOUR BLOCK WITH A .9999 FINE GOLD "EAGLE ". PHOTOS SHOW 2 IDENTICAL COINS, ONE WITH THE "CORRECT" BUFFALO, AND ONE WITH THE "ERROR" EAGLE. YOU ARE BIDDING ON BOTH THE ERROR LABEL COIN AND THE CORRECTLY LABELED EXAMPLE. CONTACT ME @ WITH ANY QUESTIONS. PCGS FIRST STRIKE 70'S ALSO AVAILABLE ... read more