2011 American Buffalo Gold Coin

The 2011 American Buffalo Gold Proof Coin went on sales on 19 May at noon Eastern Time for US$1,760 while the BU version went on sale since 14 march 2011.

At the launch of the 2011 version, the US Mint would have stopped selling the 2010 version a few days before.

2010 American Buffalo Gold Coin

The US Mint started taking orders for 2010 American Buffalo Gold bullion coin and Gold Proof version on 22 April 2010 and 3 June 2010 respectively. The Proof version looks set to be priced above US$1,500 with gold spot price setting new record today.

Indeed, the Proof version is launched at US$1,510.

The 2010 Proof version price closed at US$1,760 - after being increased 5 times in multiples of US$50.

As of 15 May 2011, sales figures indicated 49,374 of 2010 American Buffalo Gold Proof Coins had been sold.

2008 American Buffalo Gold Coin Second Revised Mintage

The revised mintage of the 2008 American Gold Buffalo are as follows:

Bullion Mintage
2008 Gold Buffalo Coin 189,500


Proof
2008-W $50 Gold Buffalo (1 ounce) 18,863
2008-W $25 Gold Buffalo (1/2 ounce) 11,169
2008-W $10 Gold Buffalo (1/4 ounce) 13,125
2008-W $5 Gold Buffalo (1/10 ounce) 28,884


Uncirculated
2008-W $50 Gold Buffalo (1 ounce) 9,074
2008-W $25 Gold Buffalo (1/2 ounce) 16,908
2008-W $10 Gold Buffalo (1/4 ounce) 9,949
2008-W $5 Gold Buffalo (1/10 ounce) 17,429

Sets

4 Coin Proof Set 7,803

4 Coin UNC Set 6,049

2008 American Buffalo Gold Coin Revised Mintage

The revised mintage of the 2008 American Gold Buffalo are as follows:

Bullion Mintage
2008 Gold Buffalo Coin 189,500


Proof
2008-W $50 Gold Buffalo (1 ounce) 25,496 (11,060)
2008-W $25 Gold Buffalo (1/2 ounce) 16,620 (2,184)
2008-W $10 Gold Buffalo (1/4 ounce) 15,767 (1,331)
2008-W $5 Gold Buffalo (1/10 ounce) 25,516 (11,808)


Uncirculated
2008-W $50 Gold Buffalo (1 ounce) 9,074 (1,452)
2008-W $25 Gold Buffalo (1/2 ounce) 16,908 (9,286)
2008-W $10 Gold Buffalo (1/4 ounce) 9,949 (2,327)
2008-W $5 Gold Buffalo (1/10 ounce) 17,429 (9,807)

Sets

4 Coin Proof Set 14,436

4 Coin UNC Set 7,622

2009 American Buffalo Gold Proof Coin Price Adjustment

Since the US Mint launched the 2009 American Buffalo Gold Proof Coin on 29 October 2009, in a period of 1 month, due to the rapid rise of gold price, the US Mint has adjust its price for their collectors coins - for the Buffalo, for the second time.

Launched at $1,360, the US Mint raised by $50 to $1,410 on 12 November. On 25 November, its price was further raised to $1,460. The spot price was $1,040, $1,121 and $1,195 (new record high to-date) respectively. Meanwhile, 116,500 of 2009 American Buffalo Gold Bullion Coin have been sold in October 2009.

At latest count on 29 March 2010, 49,388 of 2009 American Buffalo Proof Gold coins were sold. Meanwhile, 200,000 of 2009 American Buffalo Gold Bullion coins were sold out in December 2009.

2008 American Buffalo Gold Coin

The year 2008 was quite a dramatic year for the American Gold Buffalo. The proof version of the Gold Buffalo was issued on 22 July 2008 at US$1,199.95 when spot price of gold was US$946.70. However, its price was adjusted on 13 November to US$1,049.95 (-12.5%) when spot price of gold fell to US$726.50 (-23.26%).

Different from the previous years of issue, the US Mint also issued fractional proof version: $50 face value one ounce coins, $25 face value 1/2 ounce coins, $10 face value 1/4 ounce coins, $5 face value 1/10 ounce coins and the 4-Coin Set containing one of each denomination. In additional, the US Mint also issued the 2008-W Uncirculated version, which were struck on specially burnished blanks and has a 'W' mint mark. The 'W' mint mark was used to distinguish the Uncirculated version from the regular bullion.

However, in late 2008, following the decision by US Mint to suspend sales of the 2008 American Gold Buffalo bullion in September, the US Mint also announced that the newly issued fractional proof version, together with the 2008-W Uncirculated fractional version would be discontinued. Hence, resulting the fractional Proof Buffalo and the 2008-W Uncirculated coins to be a one-year issue.

The mintage of the 2008 American Gold Buffalo are as follows:

Bullion Mintage
2008 Gold Buffalo Coin 189,500


Proof
2008-W $50 Gold Buffalo (1 ounce) 19,591 (11,660)
2008-W $25 Gold Buffalo (1/2 ounce) 12,569 (4,638)
2008-W $10 Gold Buffalo (1/4 ounce) 13,903 (5,972)
2008-W $5 Gold Buffalo (1/10 ounce) 19,294 (11,363)


Uncirculated
2008-W $50 Gold Buffalo (1 ounce) 9,655 (3,124)
2008-W $25 Gold Buffalo (1/2 ounce) 17,679 (3,397)
2008-W $10 Gold Buffalo (1/4 ounce) 10,648 (4,117)
2008-W $5 Gold Buffalo (1/10 ounce) 19,075 (12,544)


It is necessary to note that the figures above include 7,931 sets of the 4-Coin Proof Set, 6,531 sets of the 4-Coin Uncirculated Set and 7,751 sets of 8-8-08 Double Prosperity Set. Figures shown in brackets are that of coins issued individually.

American Buffalo Gold Coin

The American Gold Buffalo was first issued by the US Mint on 22 June 2006 for the price of US$800 when spot was only US$583.10 on that day. It is the first ever 9999 gold bullion issued by the US Mint. The coin design was based on James Earle Fraser's Buffalo Nickel that was first issued in 1913. The gold coin has a face value of $50.

Gold Buffalo Specifications:

Mint Mark: none (bullion coin), W (proof coin)

Weight: 1.0001 troy ounce (31.1035 g)

Diameter: 1.287 inches (32.70 mm)

Thickness: 0.116 inches (2.95 mm)

The 2007 version was issued on 23 May 2007 US$825.95 when spot was US$661.30

Mintage:

2006 Gold Buffalo Bullion Coin: 337,012
2006-Gold Buffalo Proof Coin: 246,267

2007 Gold Buffalo Bullion Coin: 136,503
2007 Gold Buffalo Proof Coin: 58,998