Gold American Buffalo gold bullion coin sales by the
Mint have gotten off to a slow start in 2015.
In January, the U.S. Mint recorded sales of 34,500 of the 1-ounce,
.9999 fine gold, $50 face value coins. That's 7,000 fewer coins, or
16.9 percent, below sales for January 2014.
January 2013 sales reached 72,500 coins. The U.S. Mint recorded no
sales during the month of January for American Buffalo gold coins in
2009 through 2012, inclusive. Inaugural sales for the American Buffalo
gold coins began in September 2006 under provisions of the Presidential $1 Coin Act of 2005.
American Buffalo gold bullion coins are not sold directly to the
public. Instead, they are sold to a network of authorized purchasers
who offer a two-way market for the coins. The authorized purchasers
acquire the coins from the U.S. Mint for the closing London PM price
per troy ounce for the respective precious metal plus a small premium.
The coins are then sold for a markup to collectors, investors and
While primarily sold as an investment vehicle, the American Buffalo
gold bullion coins are also sought by collectors assembling
collections by date.