American Buffalo 24K Gold Coins

March 29, 2010 by Carl Finegold
Filed under Gold Coins

American Buffalo One Ounce Gold Proof Coins are collector versions of the official United States Mint American Buffalo Gold Bullion Coins. Each coin contains one ounce of .9999 fine, 24-karat gold and is presented in an elegant hardwood box with a matte finish and a faux leather inset, and is accompanied by a certificate of authenticity signed by the Director of the United States Mint.

American Buffalo One Ounce Gold Proof Coins will be offered in 2010. The on sale date has not yet been determined.

After the late release and limited availability of the prior year, collectors and precious metals investors are hoping that the offering of 2010 Gold Buffalo coins runs more smoothly.

By law, the United States Mint is obligated to produce the one ounce 24 karat American Gold Buffalo bullion coins each year. Due to the continuing high demand for physical precious metals coins, this obligation has become a challenge to fulfill. During 2009, the release of the Gold Buffalo coins had been delayed for much of the year. The bullion coins were finally available during a short two month window near the end of the year, followed by the release of the collectible proof version of the coin.

The bullion version of the coin sold out after 200,000 of the coins were purchased. The proof version of the coin reached sales of more than 40,000 coins by mid-December.

After the sell out of the bullion coins, the US Mint did not offer any information about the time frame for the 2010 Gold Buffalo bullion or collector coins. There is a good chance production may be delayed once again. Towards the end of the year, the US Mint was forced to suspend sales of the more popular 22 karat gold bullion coins and implement a rationing program. In the past, when the US Mint had to resort to such measures, the issuance of other bullion and collector coins was delayed in an effort to focus production.