Availability of the 2009 American Buffalo One Ounce Gold Proof Coins from the United States Mint ended last week as they announced a sell-out of the 24-karat, .9999 fine gold. This means that interested individuals who still would like to get their hands on the collectible strikes need to turn their sites on the secondary market.
The Mint started selling the proof strikes on October 29, 2009 which is much later in the year than the annual coins would normally be released. The Mint appeared to have their hands full striking bullion versions of the Gold American Eagles which they are required to produce to demand, leaving little resources for the proof Buffallos.
Despite the limited time-frame in which they were offered by the Mint (around five months from late October 2009 to late March 2010), the mintage for these strikes had a very respectable, but still remarkably limited number of around 50,000. The last official sales figures from the Mint places them at 49,388, but should climb before the final tallies are released.
Previous mintage on the Proof Gold Buffalos were:
- 2008 - 18,863
- 2007 - 58,998
- 2006 - 246,267
So, as you can see, the Mintage for the 2009 strikes is over twice that of the previous 2008 issues, but less than 2007, and roughly only 20% of the premier year of 2006.
When the Mint first started selling the 2009 Buffalos, they were priced at $1,360. Price changes throughout their availability saw a height of $1,460, but that lowered down to $1,410 by the time they sold out.
A quick glance at eBay (an excellent gauge of secondary market pricing) over the last week places ungraded coins in the $1375-$1400 price range for completed auctions. Graded PF70's price much higher and hover above $1500 for the most part.
For more information on the coins as well as some sample eBay auctions for them, see our 2009 Gold Buffalo page.