October Sales of American Gold Buffalo Coins down 75% from October 2016.
U.S. Mint Sold 7,000 24K one ounce gold coins in October vs. 28,500 sold in October 2016.
October sales were an improvement from September sales of 1,500.
Total American Gold Buffalo and American Gold Eagle Sales were 22,500 ounces in October down 89% from 144,000 ounces sold in October 2016.
Will the American Gold Buffalo Coin Be Discontinued?
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The U.S. Mint sold 7,000 one ounce American Gold Buffalo coins in October down 75% from 28,500 sold in October 2016 but up 366.7% from 1,500 sold in September 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.
March 2017 sales were the only month that topped 2016 sales.
October 2017 sales of American Gold Buffalo coins was one of the lowest October total during which gold buffaloes were sold.
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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 October 2017, the U.S. Mint sold 7,000 American Gold Buffalo coins vs 11,000 American Gold Eagle coins (1.57 to 1)
In September 2017, the U.S. Mint sold 1,500 American Gold Buffalo coins vs 8,000 American Gold Eagle coins (5.33 to 1)
In August 2017, the U.S. Mint sold 3,000 American Gold Buffalo coins vs 6,500 American Gold Eagle coins (2.17 to 1)
In July 2017, the U.S. Mint sold 5,000 American Gold Buffalo coins vs 12,500 American Gold Eagle coins (2.5 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)
2017 will probably see the lowest sales of American Gold Buffalo coins of any in its history.
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 2017 are headed for their worst year since 2007.
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