2017 U.S. Mint Sales of American Gold Buffalo Coins Hit All Time Low in 2017.
Total U.S. Mint Gold Sales Were Lowest Since 2007.
U.S. Mint Sold 99,500 24K American Gold Buffalo one ounce gold coins in 2017.
U.S. Mint Sold 724,500 22K American Gold Eagle coins in various denominations representing 302,500 ounces of gold in 2017.
402,000 ounces of gold sold at the U.S. Mint in 2017 was the least since 366,000 ounces were sold in 2007.
Click to see 2017 American Gold Eagle sales.
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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.
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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 sold 219,500 one ounce American Gold Buffalo coins vs. 817,500 one ounce American Gold Eagle coins. (3.72 to 1).
In 2017 the U.S. Mint sold 99,500 one ounce American Gold Buffalo coins vs. 228,500 one ounce American Gold Eagle coins. (2.3 to 1)
You can compare American Gold Buffalo coins for sale at these websites:
Golden Eagle Coins
Money Metals Exchange
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