June Sales of American Gold Buffalo Coins down 86% from June 2016.
U.S. Mint Sold 2,000 24K one ounce gold coins in June.
Total American Gold Buffalo and American Gold Eagle Sales were 8,000 ounces in June down from 88,000 ounces in June 2016 or down 91%.
The U.S. Mint sold 2,000 one ounce American Gold Buffalo coins in June down 86.2% from 14,500 sold in June 2016 and down 60% from 5,000 sold in May 2017.
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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 mint sold 219,000 one ounce American Gold Buffalo coins vs. 817,500 one ounce American Gold Eagle coins. (3.73 to 1)
In June 2017, the U.S. Mint sold 2,000 American Gold Buffalo coins vs 4,000 American Gold Eagle coins (2 to 1)
In May 2017, the U.S. Mint sold 5,000 American Gold Buffalo coins vs 10,000 American Gold Eagle coins (2 to 1)
In April 2017, the US Mint sold 3,500 American Gold Buffalo coins vs 3,500 American Gold Eagle coins (1 to 1)
In March 2017, the US Mint sold 8,500 American Gold Buffalo coins vs 16,000 American Gold Eagle coins (1.9 to 1)
In February 2017, the US Mint sold 15,000 American Gold Buffalo coins vs 21,000 American Gold Eagle coins (1.4 to 1)
In January 2017, the US Mint sold 19,000 American Gold Buffalo coins vs 86,500 American Gold Eagle coins (4.5 to 1)
The U.S. Mint sold the most American Gold Buffalo coins in their first year of mintage in 2006.
You can compare American Gold Buffalo coins for sale at these websites:
SD Bullion
BGASC.com
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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