Solid January for American Gold Buffalo Coin Sales
U.S. Mint Sold 32,000 24K one ounce gold coins in January.
American Gold Buffalo sales in January 2017 substantially in line with January 2016 sales.
Total American Gold Buffalo and American Gold Eagle Sales were 149,500 ounces in January
The U.S. Mint sold 32,000 one ounce American Gold Buffalo coins in January, down 22% from 34,500 sold in January 2016 and up from 1,500 sold in December 2016.
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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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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 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 January 2017, the US Mint sold 32,000 American Gold Buffalo coins vs 86,500 American Gold Eagle coins (2.7 to 1)
You can compare American Gold Buffalo coins for sale at these websites:
BGASC.com
Golden Eagle Coins
JM Bullion
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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