American Buffalo Gold Coin

The American Buffalo gold coin has been doing extremely well since it’s launch last month. Over 100,000 coins have been sold. The American Buffalo gold coin is the new gold coin from the US Mint and the first to be 9999 percent fine gold. This appears to be aimed at the Asian market as they prefer purse gold to the usual .9167 the mint usually produces.

About one third of the available coins have been sold in the first 10 days despite the long weekend (July 4th holiday) and it is expected that the momentum will continue. 50,000 American Buffalo gold coins sold in the first 24 hours.

Also this week the proof American Eagle gold coin was suspended as the MINT tried to figure out what the price should be. The suspension is expected to end any day now and a new price established.

Despite this and the strange fluctuations in the gold price, gold coin collectors have not lost their enthusiasm for the glitter of gold and confidence remains high.

It is quite likely that the American Buffalo gold coin will continue to be very popular and the balance of 200,000 coins is likely to go, albeit not quite so fast, but certainly is likely to sell out in the next couple of months.

More information is available from the US Mint .

My suggestion is that, if you can still get your hands on some American Buffalo gold coins then it would be prudent to do so as soon as possible.