Sales of American Gold Buffalo Coins Shoot Higher.
U.S. Mint Sells 18,500 24K one ounce gold coins in May.
The U.S. Mint sold 18,500 one ounce American Gold Buffalo coins in May, up 95% from 9,500 sold in May 2015. Sales of American Gold Buffalo coins were down 5% from 19,500 sold in April 2016.
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.
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 2016 vs. 626,500 one ounce American Gold Eagle coins.
You can compare American Gold Buffalo coins for sale at these websites:
Golden Eagle Coins
Money Metals Exchange
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