Mint PR: United States Mint Releases One-Ounce 2009 American Buffalo Gold Proof Coin October 29th...
Goldbully
Posts: 17,128 ✭✭✭✭✭
I doubt I will be a buyer here....gold's up too high for my blood....even though I am a bully for gold!!! 
October 22, 2009
WASHINGTON - The United States Mint announced today that it will begin accepting orders for the one-ounce 2009 American Buffalo Gold Proof Coin at noon Eastern Time (ET) on October 29, 2009. Its price will be based on the United States Mint's pricing structure for numismatic products containing precious metals. To view current pricing information, visit http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat.
As a result of the numismatic product portfolio analysis conducted late last year, fractional denominations of the American Buffalo Gold Proof and Uncirculated Coins, as well as the American Buffalo Four-Coin Set, are no longer offered for sale.
The obverse (heads side) and reverse (tails) designs of the American Buffalo Gold Proof Coin are based on the original 1913 Type I Buffalo nickel by James Earle Fraser. The coin's obverse bears the profile of a Native American. Inscriptions on the obverse include LIBERTY, 2009, the initial F for Fraser and the W mint mark for the United States Mint at West Point. The coin's reverse features the revered American Buffalo, also known as the bison. Inscriptions on the reverse are UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, $50, 1OZ., and .9999 FINE GOLD.
Each 2009 American Buffalo Gold Proof Coin is presented in an elegant hardwood box with a matte finish and a faux leather inset. The coins are exhibited on a platform which can stand at an angle for display when the box is open. A custom-designed Certificate of Authenticity signed by the Director of the United States Mint is also included.
The United States Mint will accept orders for the 2009 American Buffalo Gold Proof Coin at its secure Web site http://www.usmint.gov/catalog or at the toll-free number 1-800-USA-MINT (872-6468). Please add $4.95 for shipping and handling. There is no mintage or household order limit for this product.
The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage. Its primary mission is to produce an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.
Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time October 29, 2009, noon ET, shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint's Frequently Asked Questions, Answer ID #175.
Mint Link
October 22, 2009
WASHINGTON - The United States Mint announced today that it will begin accepting orders for the one-ounce 2009 American Buffalo Gold Proof Coin at noon Eastern Time (ET) on October 29, 2009. Its price will be based on the United States Mint's pricing structure for numismatic products containing precious metals. To view current pricing information, visit http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat.
As a result of the numismatic product portfolio analysis conducted late last year, fractional denominations of the American Buffalo Gold Proof and Uncirculated Coins, as well as the American Buffalo Four-Coin Set, are no longer offered for sale.
The obverse (heads side) and reverse (tails) designs of the American Buffalo Gold Proof Coin are based on the original 1913 Type I Buffalo nickel by James Earle Fraser. The coin's obverse bears the profile of a Native American. Inscriptions on the obverse include LIBERTY, 2009, the initial F for Fraser and the W mint mark for the United States Mint at West Point. The coin's reverse features the revered American Buffalo, also known as the bison. Inscriptions on the reverse are UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, $50, 1OZ., and .9999 FINE GOLD.
Each 2009 American Buffalo Gold Proof Coin is presented in an elegant hardwood box with a matte finish and a faux leather inset. The coins are exhibited on a platform which can stand at an angle for display when the box is open. A custom-designed Certificate of Authenticity signed by the Director of the United States Mint is also included.
The United States Mint will accept orders for the 2009 American Buffalo Gold Proof Coin at its secure Web site http://www.usmint.gov/catalog or at the toll-free number 1-800-USA-MINT (872-6468). Please add $4.95 for shipping and handling. There is no mintage or household order limit for this product.
The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage. Its primary mission is to produce an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.
Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time October 29, 2009, noon ET, shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint's Frequently Asked Questions, Answer ID #175.
Mint Link
0
Comments
I wish they would offer a slightly less expensive option without the fancy packaging. My guess is that most people would prefer it. The sentiment applies to all bullion offerings.
So between $1310 and $1360.
whew, I'm passing for now.
Too many positive BST transactions with too many members to list.
I only plan to buy them if they are low mintage. However, the Mint never tells me in advance how many they've made.
At $1,360.00 a crack, they ought to throw in a little man to carry that fancy case around on a velvet pillow.
I knew it would happen.
<< <i>I will partake in the proof GB.
I wish they would offer a slightly less expensive option without the fancy packaging. My guess is that most people would prefer it. The sentiment applies to all bullion offerings. >>
I may change my mind about purchasing this golden Buffalo proof coin.
This is what makes it so hard........
My 2006-W PCGS PR69DCAM cost: $805
My 2007-W PCGS PR70DCAMFS cost: $1450(bought slabbed)
My 2008-W PCGS PR70DCAM cost: $1025
Hey RYK, remember there are no Uncs.
***American Buffalo Gold Proof fractional coins and the four-coin set are no longer available. Additionally, the United States Mint will no longer offer American Buffalo Gold Uncirculated Coins.***
Mint Link
<< <i>So between $1310 and $1360.
whew, I'm passing for now. >>
That is kind of steep but from all I hear and read gold will continue to go up. I'm on the fence on this one.
BST successful dealings with:MsMorrisine, goldman86
Too expensive for me.
<< <i>I will partake in the proof GB.
I wish they would offer a slightly less expensive option without the fancy packaging. My guess is that most people would prefer it. The sentiment applies to all bullion offerings. >>
Why not just get the bullion Buffalo that's selling now? This is a proof, so shouldn't it have all the frills?
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
I am also wondering about the fractional Eagles as Ampex is already pre selling although the small print says if the mint cancels, your stuck with whatever they have on hand. So, if you want Eagles only, then they recommend waiting.
<< <i>No household limit and NO MINTAGE LIMIT! >>
The only way to make an economic system truly stable is to permit the free market to take over.
<< <i>
<< <i>I will partake in the proof GB.
I wish they would offer a slightly less expensive option without the fancy packaging. My guess is that most people would prefer it. The sentiment applies to all bullion offerings. >>
Why not just get the bullion Buffalo that's selling now? This is a proof, so shouldn't it have all the frills? >>
Not a proof....it's an Unc!!!
Also, there is no 'W' Mintmark.
From Coin News......................
The United States Mint today said the 2009 American Buffalo Gold Proof Coin will launch on Thursday, October 29, at noon Eastern Time.
The release date is not surprising since it was tentatively announced earlier this month. What is nearly shocking is that there will be "no mintage or household order limit for this product."
A quick "Hurray!" comes to mind, before it is silenced somewhat with the prospects of the mad dash to order.
Given their lateness in release, the fact that they were suspended several times in 2008 due to "unprecedented demand" for gold coins, and their natural desirability, the pent up demand for proof 2009 Buffalo coins is enormous. The bullion versions of these coins opened Thursday, Oct. 15 to blistering sales. 71,500 were sold by the following Monday. As of Wednesday, 86,000 were gone, representing in those few days an astounding 50 percent of the entire total sold in 2008!
And the bullion versions are sold in bulk to the Mint’s several authorized dealers — not in tens of thousands of onesies or twosies orders as will occur when coin collectors buy. Even an optimist has to suspect the US Mint phone lines and Web site will again be susceptible to downtime, as happened last Thursday when nearly 30,000 Lincoln Coin and Chronicles Sets were purchased within five hours.
But then, it is not like any limit could prevent that if the one-ounce, 24 karat Buffalo gold coin price tag is within reach of the average collector who wants one. Perhaps that is what the Mint is expecting… that the price will keep some shoppers at home initially. Should gold remain above $1,050 an ounce as it has been, the price for Proof Buffalo coins will be $1,360 — a large increase compared to when the 2008s were launched and gold was cheaper. Yet, the 2008s on the secondary market are going for more than two times their Mint launch price. The $1,360 price does not look expensive at all by comparison.
The reality is that a limit could have increased the frenzy on order day. Still, there is no public Mint memo indicating how long the 2009s will be struck — it is close to 2010 after all — and how many 24 karat coin blanks they have. Most collectors are likely to purchase as soon as possible, "while they can." The 2008 experience and sudden halt of other collector coins has to be on the back of minds.
Last year the Mint struck fractional sizes of the Buffalo gold coin. This year it will not as a result of a slashing of its numismatic portfolio — a decision the Mint made in Nov. 2008. The Mint reminds coin collectors of this fact within its announcement today.
As a result of the numismatic product portfolio analysis conducted late last year, fractional denominations of the American Buffalo Gold Proof and Uncirculated Coins, as well as the American Buffalo Four-Coin Set, are no longer offered for sale.
Buffalo coin design
Both the obverse and reverse of the Buffalo coin are the same basic design that first appeared on the 1913 circulating nickel, commonly known by most as either the "Indian Head Nickel" or the "Buffalo Nickel." This classic coin is considered by many to be one of the most beautiful ever produced by the US Mint and ran until 1938, when it is discontinued in favor of the Thomas Jefferson design.
The obverse has a portrait of a Native American, said to be a composite of three Indian chiefs. Many have claimed to be one of those three models, but only two were ever verified by the artist James Earle Fraser; Cheyenne Chief Two Moons and Lakota Sioux Chief Iron Tail.
The reverse contains an image of an American buffalo, also known as a bison. It is believed by many to be modeled after the creature named "Black Diamond" who lived in the New York City Zoo.
"Each 2009 American Buffalo Gold Proof Coin is presented in an elegant hardwood box with a matte finish and a faux leather inset," the US Mint said in its release announcement. "The coins are exhibited on a platform which can stand at an angle for display when the box is open. A custom-designed Certificate of Authenticity signed by the Director of the United States Mint is also included."
The coins are struck at the US Mint facility at West Point Mint and bear the "W" mint mark.
Coin News Link
The only way to make an economic system truly stable is to permit the free market to take over.
I am in, as is my routine with Mint issues of gold and platinum, since 2006.
Miles
The only way to make an economic system truly stable is to permit the free market to take over.
I will certainly go for one to start.The high price and no limit on mintage means that the 2009 will not reach the premium levels of previous years but it is a nice looking coin.Also a point to consider if this is an investment is the fact that there will be ALOT of coins ordered considering the huge appetite in general for PM s.Just look at the number ordered of buffalos released october 15th.
This will be my first buffalo ordered but I wont be ordering during the first few hours.Not ready for the feeding frenzy again.I will order sometime in the evening when I presume that the online ordering will be easier.
<< <i>I have some cash that has to go to the IRS in April. I'm planning on putting it all into 2009 proof buffaloes next week and then sitting on them for five months. IMHO, it's just about the best risk/reward scenario right now. >>
Pay them with buffalos!
The only way to make an economic system truly stable is to permit the free market to take over.
In the past, it was an option......should also be an option for the 2009-W Proof IMHO.
What say forumites?
<< <i>I've been in since 2006....might as well keep going......
<< <i>I did not see a First Strike™ option for the 2009-W Proof Buffs on the PCGS Website.
In the past, it was an option......should also be an option for the 2009-W Proof IMHO.
What say forumites? >>
They WILL give first strike for these, as always.
Will keep the radar on, but I expect it to be a typical "year after" situation.
<< <i>Not feeling it. >>
Me either.....T minus 77
San Diego, CA
<< <i>May get one @ $1360 this week .... If gold stays below $1050, then I might get a few more @ $1310 next week .... My crystal ball and radar is not working for this one, but I suspect the Mint has a ton of planchets available... Perth Mint expects gold demand to drop by 30% next year, which may indicate, lots of planchets available to the US Mint. >>
I'm wondering if they shouldn't be $1310 this week.
*The new pricing methodology is based primarily on the London Fix weekly average (average of the London Fix prices covering the previous Thursday A.M. Fix through the Wednesday A.M. Fix) gold prices, which reflect the market value of the gold bullion that these products contain.
I calculate: 1049.45 avg. (less if the pm fix are averaged also)
2009 london gold fix
An oppurtunity for a layaway plan......
Miles
now accepting orders
The only way to make an economic system truly stable is to permit the free market to take over.