2009 Gold Buffalo Proof Coin
The status of the 2009 Gold Buffalo Coin had been in doubt for much of the year. In May 2009, the United States Mint announced that the proof version of the coin would be delayed until the second half of the year due to the limited availability of 24 karat gold blanks. In the summer months, there were conflicting reports about the cancellation of the bullion and/or collectible versions of the coin periodicals. It wasn’t until October 2009 that the US Mint officially confirmed that both bullion and collectible coins 2009 Gold Buffalo coins would be issued.
The bullion version of the coin went on sale October 15, 2009. These coins were sold through the US Mint’s network of authorized bullion purchasers. These wholesale dealers purchase the coins for the spot price of gold plus a stated mark up. In turn, they resell the coins to other bullion dealers and the public. In the opening two weeks of sales more than 100,000 coins were sold. Ultimately, the 2009 Gold Buffalo bullion coin mintage was 200,000.
The 2009 Proof Gold Buffalo went on sale October 29, 2009. The one ounce 24 karat gold coins were offered directly by the United States Mint. Orders could be placed by phone or via the internet. The initial offering price of the coins was $1,360 each. There were no ordering limits in place and the United States Mint did not set a maximum authorized mintage. On March 29, 2010, the proof coins were announced as sold out, with last reported sales of 49,388.
The bullion coin mintage ranks as the second highest annual total after the 2006 American Gold Buffalo. The proof coin mintage ranks as the third highest (or second lowest) for a one ounce proof Gold Buffalo.
Designer: James Earle Fraser
Mint Mark: W (proof coins), none (bullion coins)
Weight: 1.0001 troy oz (31.1035 grams)
Composition: .9999 fine gold
Diameter: 1.287 inches (32.7 mm)
Thickness: 0.116 inches (2.95 mm)
More Information: Gold Buffalo