No Limit for
By Numismatic News
No limits were
imposed by the Mint as it planned to begin
accepting orders for the proof 2009 one-ounce
Buffalo gold coin Oct. 29.
Perhaps the Mint thinks the high price will
deter an overwhelming number of orders.
It is expected that the new coin will cost about
$1,360. It is not a definite price as of press
time because the cost will depend on the weekly
average price of gold bullion immediately prior
to the commencement of sales.
If this average gold price falls into the
$1,050-$1,099.99 range, issue price for the
one-ounce Buffalo proof will be $1,360. If it
rises above that band or falls below it, the
issue price will be affected in the same
Initial demand for the bullion version of the
one-ounce Buffalo coin was high. Four days after
the beginning of sales on Oct. 15 to the Mint’s
authorized purchasers, 71,500 coins had been
Comparatively, for the full week, 33,000
one-ounce American Eagles were taken, pushing
the total number of Eagles sold so far in 2009
to over 1 million pieces.
While this will be the fourth year the proof
Buffalo is offered to collectors, the sporadic
shortages of gold coins in the bullion market
may hype demand beyond the usual set of buyers.
The proof Buffalo gold coin will have a matte
finish and will be housed in a hardwood box. It
will be accompanied by a certificate of
authenticity signed by the Mint director.