american gold buffalo coin image

American Gold Buffalo Coin Sale Surge in November

Gold News
The U.S. Mint Sold 29,500 American Gold Buffalo Coins in November.

November sales of American Gold Buffalo coins hit their highest monthly total since January. The U.S. Mint reported selling 29,500 one ounce 24K American Gold Buffalo coins November 2016. Last month, the U.S. Mint reported selling a 28,500 American Gold Buffalo coins.

2016 American Gold Buffalo Sales

American Gold Buffalo coin sales have ramped up the past three months of 2016 as have sales of American Gold Eagles coins. Combined sales of American Gold Buffalo and American Gold Eagle coins topped 177,000 ounces in November, the highest total of the year.

BGASC American Gold Buffalo sales in 2016 november
November 2016 sales of American Gold Buffalo coins were the second highest monthly total in 2017.

Sales of American Gold Buffalo Coins in November 2006 – 2016

 BGASC Gold buffalo sales in November 2006 - 2016
November 2016 American Gold Buffalo coin sales were the third highest in the coin’s history.

American Gold Buffalo 2016 Sales Projection

If sales of one ounce American Gold Buffalo sales continue at an average of 18,818 a month. 207,000 sold from January – November), sales in 2016 would be about 225,000. The annual record for sales of American Gold Buffalo coins is 323,000 set in 2006, the first year of the coin’s mintage.

Sales of One Ounce American Gold Buffalo Coins 2006-2016

BGASC American Gold Buffalo Sales 2006 - 2016 november
Sales of American Gold Buffalo coins are on pace for their second or third best year.

Total U.S. Mint November Gold Sales – 177,000 Ounces

When November sales of American Gold Buffalo coins (29,500 ounces) are combined with American Gold Eagle (AGE) sales, including one tenth ounce AGEs (10,500 ounces); one quarter ounce AGEs (4,500 ounces); one half ounce AGEs (3,500 ounces) and one ounce AGE coins (129,000), the total gold sold at the U.S. Mint in November was 177,000 ounces.

About the American Gold Buffalo Coin

American Gold Buffalo coins are 24K gold while American Gold Eagle coins are 22K. One ounce American Gold Buffalo coins are slightly smaller and lighter than their one ounce American Gold Eagle counterparts that contain 3% silver and 5% copper mixed in the alloy, bringing the total weight of a one ounce American Gold Eagle coin to nearly 1.10 ounces.

The American Gold Buffalo is the U.S. Mint’s answer to 24K gold coins issued by the Canadian and Austrian Mints. American Gold Buffalo coins are only minted in one ounce sizes, unlike their American Gold Eagle counterparts which are minted in one ounce, one half ounce, one quarter ounce and one tenth ounce sizes. In 2008, however, the U.S. Mint produced American Gold Buffaloes in one, 1/2, 1/4 and 1/10 ounce sizes. The coins were sold individually and in complete sets.

In 2006, their first year of mintage, 323,000 American Gold Buffalo coins were sold.

American Gold Buffalo sales data from USMINT.GOV

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This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.