US gold bullion coins continue to be hot. So hot that two sell-outs occurred today with two more likely on the way within days, if not hours.
According to the US Mint, the inventory for the 2009 American Gold Buffalo Bullion Coins has been depleted and no more will be struck for the year.
"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins," stated U.S. Mint Director of Public Affairs Tom Jurkowsky. "No additional inventory will be made available."
The 2009 Buffalos were only made available to the public on October 15th, but still managed to sell more than were sold during each of the previous two years. Mint sales figures show that 198,000 of the 2009 Buffalos were sold compared to only 167,500 for 2007 and 172,000 for 2008.
Also under enormous demand are the newly released fractional 2009 American Gold Eagle Bullion Coins. [click to continue…]
Updated mintage numbers for 2008 gold and silver American Eagles and gold Buffalo coins as obtained from the U.S. Mint show some breathtaking revisions since the last sales numbers were posted in the spring.
Two tables are presented. The first contains totals with the asterisks. They are numbers as they last appeared in Numismatic News at the ...
Full Article : Big Changes in Mintages Since Spring - NumisMaster
If market tops are characterized by frenzied buyers paying any price to get in on the action, then activity in the coin business indicates we are still not near one in the current gold market.
Trading on the world’s commodity markets took the precious metal convincingly through the $1,100 mark, changing hands at $1,115 a troy ounce Nov. 11.
“It’s created some new buyers that have never bought gold before,” said Greencastle, Ind., dealer Julian Jarvis ...
Full Article: Buyers Not Reckless Even at Gold Record - NumisMaster
The United States Mint on Thursday increased the prices of its numismatic gold coin offerings, bringing them to their highest level of the year.
The new prices were implemented in response to the latest several day rally in bullion prices, which brought the yellow metal to an all-time high Thursday morning of $1,123.40 an ounce. The coins affected include:
The US Mint implemented its latest pricing policy for numismatic gold and platinum coins on Jan. 12, 2009.
"Transparency, agility, and customer service are the catalysts for our new pricing method," said United States Mint Deputy Director Andy Brunhart at the time. "The volatile precious metals market prompted our customers to suggest that we re-vamp our process, and we listened."
The prices are directly related to the average weekly London Fix prices for these metals -- from Thursday AM to Wednesday AM. If the market value of gold moves to a higher or lower range, the price of each product is increased or decreased in corresponding increments. Those increments are listed above. [click to continue…]
The United States Mint has sold 110,500 one-ounce American Buffalo $50 Gold Bullion Coins since they were released on Thursday, Oct. 15, 2009.
To place that in perspective, in less than two weeks bullion dealers have purchased 64.2 percent of the total (172,000) that was sold in all of 2008.
There appeared to a touch of dry spell in sales for several days. The US Mint generally updates bullion figures daily, but the Gold Buffalos remained at 86,000 from ...
Full Article: Bullion Gold Buffalo Coins Pass Early Milestone - CoinNews
The United States Mint has confirmed that it will begin selling the 2009 American Buffalo One Ounce Gold Proof Coins on Thursday, October 29th, as it had been tentatively announced earlier this month. Sale time will start at 12 Noon (ET).
In contrast to last year, the US Mint will only be striking the one ounce sized Buffalos. As communicated in November of 2008, the fractional sizes of 1/2 ounce, 1/4 ounce and 1/10 ounce were discontinued due to a "numismatic product portfolio analysis" conducted by the Mint.
The proof Buffalo coin is expected to have quite a demand placed upon it. The bullion version of the Buffalo was made available on October 15th after also being unavailable throughout 2009. 86,000 of the bullion coins were purchased in one week, representing 50% of the amount that was sold in all of 2008. [click to continue…]
WASHINGTON - The United States Mint announced today that it will begin accepting orders for the one-ounce 2009 American Buffalo Gold Proof Coin at noon Eastern Time (ET) on October 29, 2009.
Its price will be based on the United States Mint's pricing structure for numismatic products containing precious metals. To view current pricing information, visit http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat.
As a result of the numismatic product portfolio analysis conducted late last year, fractional denominations of the American Buffalo Gold Proof and Uncirculated Coins, as well as the American Buffalo Four-Coin Set, are no longer offered for sale. [click to continue…]
Demand is shooting up for US Mint bullion coins, the latest US Mint sales figures show. With eleven days still left in the month, American Silver Eagles are already near the level they were at for the entire month of September. Sales jumped by more than 1 million during the last week alone, and are over 22 million for the year -- an all-time high.
American Gold Eagles are just slightly behind their pace from last month. However, when the figures from the newly released American Gold Buffalo coins are added in, gold bullion sales are hopping mad. [click to continue…]
2009 American Buffalo Gold Bullion coins will be produced this year, despite earlier reports to the contrary, a United States Mint public notice reveals.
Coin World broke the news in June, reporting that the US Mint would (at some future time) produce only the collector one-ounce, 24 karat Buffalo gold proof coin in 2009, and not the same-designed $50 bullion coin intended for investors.
However, an updated message appearing in the US Mint press room over the weekend reveals a new direction...
Full Article: Gold Buffalo Coins to be Minted - CoinNews
