Sales of American Gold Buffalo Coins.
The U.S. Mint sold 32,500 one ounce American Gold Buffalo coins in January 2016. This reflects a 5.8% decrease from sales of American Gold Buffaloes in January last year (when 34,500 were sold).
Sales of American Gold Buffalo Coins in January 2006 – 2016
The Price of Gold In January
According to Kitco, the average spot price of gold in January 2016 was $1097.37 an ounce vs. $1251.88 an ounce in January 2015, or 12.3% lower.
American Gold Buffalo 2016 Sales Projection
If sales of one ounce American Gold Buffalo sales continue at 5.8% lower than last year, sales will approach 220,000. In November 2015, the U.S. Mint sold 38,500 American Gold Buffalo coins and halted production in early December after just 1,500 coins were minted. If the monthly sales trend of American Gold Buffalo coins is closer to 30,000, sales could easily pass the record of 323,000 set in 2006.
Sales of one ounce American Gold Buffalo Coins 2006-2015
Total U.S. Mint January Gold Sales – 156,000 Ounces
When January sales of American Gold Buffalo (32,500 ounces) are combined with American Gold Eagle sales, including one tenth ounce AGEs (14,500 ounces); one quarter ounce AGEs (9,000 ounces),one half ounce AGEs (11,500 ounces) and one ounce AGE coins (89,000 ounces), the total gold sold at the U.S. Mint in January was 156,500 ounces.
Did you know?: American Gold Buffalo coins are 24K gold? One ounce American Gold Buffalo coins are slightly smaller and ligher than their one ounce American Gold Eagle counterparts which is 22K gold and contains 3% silver and 5% copper mixed in the alloy, bringing the total weight of a one ounce American Gold Eagle coin to nearly 1.20 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 sales data from USMINT.GOV
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