2011 Buffalo 24-Karat Bullion Gold Coin
The United States Mint began selling 2011 American Buffalo 24-Karat Bullion Gold Coins on March 14, 2011.
As a bullion product, the US Mint does not offer the bullion coins directly to the public but instead sells them to a small network of distributors who then resell the coins for a small premium over the current price of gold. The coins then begin to make their way into the secondary market where investors, coin collectors and others can purchase them.
While collectors order them, their main purpose is as an investment option. The US Mint says the following on its website about the bullion coin:
"American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint. These $50 gold coins are available to members of the public seeking a simple and tangible means to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the United States Government."
This year’s starting coin sales figures were slower than last year, due likely — at least in part — to the very volatile nature of gold prices in March. Between their release on Monday and through to Friday, the US Mint’s network of distributors ordered 26,000 of the 24-karat bullion pieces. As a comparison, last year’s opening coin sales figures were 48,500 on the first day they were released, April 29. Despite the fact that the 2010 issue was only available between April and September, their 2009 mintage was the second best for the series going back to their start in 2006.
The following articles from sister sites provide more information about the release of the 2011 Buffalo 24-Karat Bullion Gold Coin, with some also highlighting their beginning sales.
2011 Gold Buffalo Bullion Coin Debuts
The United States Mint on Monday began selling the 2011 American Gold Buffalo Bullion Coin to its network of Authorized Purchasers (AP’s). The investment-grade coins entered the market during a time investors have been dumping stocks and commodities following the earthquake and nuclear crisis in Japan, making spectacular opening sales for the Buffalo pieces unlikely. …
Full Article: 2011 Gold Buffalo Bullion Coin – CoinNews
2011 American Buffalo Gold Bullion Coin Debut Sales at 21,500
The American Buffalo Gold Bullion Coin was authorized by Congress in 2005. It was introduced to the market as an investment-grade coin in 2006. The piece has had varying mintages throughout the years, and at times has had its production suspended or halted …
Full Article: Buffalo Gold Bullion Coin Sales at 21,500 – CoinCollectingNews.org
2011 American Buffalo Gold Bullion Coins Released By US Mint
That coin was the 1913-1938 circulating nickel which is referred to by many as the “Buffalo Nickel” or the “Indian Head Nickel.” The designs first showcased on the strike have been called one of the most beautiful ever used on a coin of the United States and were originally completed by James Earle Fraser. Shown on the obverse is a composite portrait of a Native American Chief while …
Full Article: Buffalo Gold Bullion Coins Released – WorldMintCoins.com
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