2016 U.S. Mint Gold Sales Hit Six Year High.
U.S. Mint Sold 219,500 24K American Gold Buffalo one ounce gold coins in 2016.
U.S. Mint Sold 1,968,500 22K American Gold Eagle coins in various denominations representing 985,000 ounces of gold in 2016.
1,204,500 ounces of gold sold at the U.S. Mint in 2016 was the most since 1,429,500 ounces were sold in 2010.
Click to see 2016 American Gold Eagle sales.
American Gold Buffalo vs. American Gold Eagle
The American Gold Buffalo coin is the U.S. Mint’s 24K gold coin introduced in 2006. The American Gold Eagle coin series has been minted in 22K gold since the U.S. Mint began producing them in 1986.
About the American Gold Buffalo
Description: Obverse: picture of a Native American in feather head dress
Reverse: picure of a Buffalo standing on a mound
Composition/Weight: .9999 fine gold/31.108 g (1.0001 troy oz*)
Face value: $50
Designer: James Earle Fraser
Mint Location: West Point, New York
Years Minted: 2006-present
*In 2008 the U.S. Mint also produced one tenth, quarter and half ounce versions of the American Gold Buffalo Coin.
Sales of American Gold Buffalo coins were 12,500 in December.
Click to buy American Gold Buffalo coins.
As the U.S. Mint’s ‘second’ gold coin, sales of American Gold Buffalo coins are not as robust as sales of American Gold Eagle coins. The U.S. Mint sold 220,0000 one ounce American Gold Buffalo coins in 2015 vs. 626,500 one ounce American Gold Eagle coins. (2.85 to 1)
In 2016, the U.S. Mint has sold mint sold 219,500 one ounce American Gold Buffalo coins vs. 817,500 one ounce American Gold Eagle coins. (3.72 to 1)
Sales of American Gold Buffalo coins in 2016 were the fourth best ever in the coin’s history.
You can compare American Gold Buffalo coins for sale at these websites:
Golden Eagle Coins
Money Metals Exchange
Total sales of gold at the U.S. Mint in 2016 were the highest since 2010 and the sixth highest annual total since 1986.
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