The US Mint launched the 2009 American Buffalo Gold Proof One Ounce coins on Thursday with little hassle to the buying public. Previous to the launch, many had wondered if they would experience ordering issues similar to the Lincoln Coin and Chronicles launch recently.
Other than things moving rather slowly for the initial few hours, both online and the phone ordering systems seemed to work adequately. Of course, demand for the coins is probably not at the frenzied level that it was for the Lincoln Chronicles.
Obviously, the price tag of the Buffalos is going to stop many collectors from purchasing the coins. Struck from one ounce of .9999 fine gold (24-karat), these little beauties had a price tag of $1,360. This price could go up or down in the next weeks as it is linked to the spot price of gold. Actually, gold has been sliding a bit recently, so it is quite possible they will drop.
The bullion version of the Buffalo coins came out a couple of weeks ago and have seen super strong demand. All indications are that more of the 2009 bullion Buffalos will outsell the 2008 versions, and the 2008 were available for a much longer time period. The Mint does not sell the bullion coins directly to the public, but instead they are available from authorized resellers.
To find out more about the Proof Buffalos, click on the coin image above.
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