Gold Coin Information
The American Gold Buffalo was the first 24 karat gold bullion coin produced by the United States Mint. The coins were first offered in 2006 as one ounce bullion coins and one ounce proof coins. The same line up was offered the following year. Early in 2008, the US Mint announced that they would be expanding offerings for 2008 Gold Buffalo Coins to include fractional denominations.
On July 14, 2008 the collectible versions of the coins went on sale at the US Mint. This included 2008-W Proof Gold Buffalo Coins and 2008-W Uncirculated Gold Buffalo Coins. For each version, individual coins were offered in 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce sizes. Face values for each coin were assigned as $50, $25, $10, and $5, respectively. Four coin sets were also offered which contained one of each denomination.
Early sales were brisk, in some cases surpassing the sales figures for the corresponding 2008 Gold Eagle offerings. Later in the year, the US Mint announced that they would be discontinuing the fractional Gold Buffalo coin offerings for future years. Around the same time, the prices for the 2008 Gold Buffalo coins were lowered to adjust for a drop in the price of gold. This combination of factors caused sales interest in the coins to resume, and all issues sold out within the next month.
Importantly, the fractional and collectible uncirculated coins released in 2008 currently represent one year only issues, which has drawn the attention of some collectors. For 2009 and beyond, the US Mint intends to produce only one ounce bullion coins and one ounce collectible proof coins for the American Buffalo Gold coin series.
The 2008 Gold Buffalo coins had relatively small mintages when compared to prior years. The figures presented below for the proof and uncirculated coins are estimated mintages based on unaudited US Mint data or recent sales data. Official numbers are sometimes not available for several years. Note that the 1/2 oz. Uncirculated coin mintage includes coins sold in the Double Prosperity Set.
|2008 Gold Buffalo Mintages|
|1 oz.||1/2 oz.||1/4 oz.||1/10 oz.|
Designer: James Earle Fraser
Mint: West Point
Weight: varies based on denomination
Composition: 99.99% gold
Diameter: varies based on denomination
Thickness: varies based on denomination
More Information: American Gold Buffalo