The United States Mint's 2010 Proof Gold Buffalo coins opened to solid demand during their first week of availability, according debuting sales figures.
U.S. Mint stats show 15,071 of the coins were purchased between their Thursday, June 3, 2010, launch to Thursday, June 10.
The coins are moving slower than last year's 2009 Proof Gold Buffalo, which started with 19,500 sold in the first four days (between their release on October 29 to November 1.)
However, the 2009s had an edge as: [click to continue…]
On Thursday the U.S. Mint will issue the proof 2010 one-ounce gold Buffalo coin. It will be very interesting to see what level of demand is manifested and where the Mint will place the order ceiling.
The 2009 proof had a mintage of roughly 50,000. If the Mint holds to that level, it is conceivable that in the present economic environment that a sellout could occur rather rapidly...
Full Article: Who will step up and buy gold Buffalo proof? - Buzz with Dave Harper
The United States Mint today announced the beginning of sales for the 2010 American Buffalo Gold Proof Coins on June 3, 2010, at noon Eastern Time (ET).
The price of the 24-karat gold one-ounce coin will be based on the United States Mint's pricing structure for numismatic products containing precious metals. To view current pricing information, please visit http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat.
Orders will be accepted at http://www.usmint.gov/catalog or at the toll-free number 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468). Please add $4.95 for shipping and handling. There is no mintage or household order limit for this coin. [click to continue…]
Collectors awaiting the release of the 2010 American Buffalo Gold Proof Coin will not have to wait much longer. According to the United States Mint, sales for the one ounce .9999 fine, 24-karat gold piece will commence on June 3, 2010.
The US Mint has been striking the one ounce proof Buffalo since 2006, and offered fractional sizes in 2008. Unfortunately, the smaller versions lasted less than one year as the Mint canceled them as part of their portfolio trimming announced in November 2008.
The Buffalos have experienced roller-coaster availably with demand for gold coins taking off in 2008, leaving supply shortages. The Mint suspended sales several times as a result ...
Full Article: 2010 Proof Buffalo Gold Coins - CoinNews
The latest bullion offering from the United States Mint is the 2010 American Buffalo Gold Coin. These $50 coins were issued Thursday, April 29, 2010.
Since it is the bullion Buffalo version, the US Mint does not sell any directly to the public, but instead to a small group of companies it calls "Authorized Purchasers." These buyers in turn resell the coins for a small amount over the current spot price of gold to precious metals providers, dealers, collectors, brokerage houses, etc.
Sales started off hot. The Mint sold an impressive 48,500 on Thursday alone. That, as we reported on sister site CoinNews, is 15.0% of all the bullion Buffalos sold in their inaugural 2006 year, 29.0% of those in 2007, 28.2% of 2008 and 24.3% of 2009. [click to continue…]
Gold prices have steadily increased over 350% between 2001 and today. But the biggest and fastest moves are yet to come. The gold market is heating up. Investment demand is soaring while supplies are thinning out.
Meanwhile, the economic policies of the U.S. have systematically sent the American economy down a road of uncontrollable federal spending and increases in debt and trade deficits. This will cause the U.S. dollar to ...
Full Article: The Definitive Guide to Investing in Gold Coins - Wealth Daily
Proof 2009-W American Buffalo Gold Coins are no longer available. The United Stated Mint announced their sell out on March 29, 2010.
An exact mintage count is yet to be published, but sales of the 1-ounce .9999 fine gold $50 coins reached approximately 50,000 with 49,388 reported sold in the most recent U.S. Mint coin sales report.
The 24-karat coins were not available for long, having been issued late last year on Oct. 29, 2009. [click to continue…]
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
