2009 Gold Buffalo Bullion Coins Not Cancelled

Contrary to earlier reports from Coin World, the US Mint will be issuing 2009 American Gold Buffalo bullion coins during 2009.

CoinWorld had published a story in their July 6, 2009 issue stating that the offering was canceled based on information received from the US Mint. This information was not correct and the Mint has already received the 24 karat gold planchets necessary to produce the coins.

The US Mint added this statement to their press releases page:

2009 American Buffalo Gold Bullion Coin Update — Annual production of the United States American Buffalo Gold Bullion Coins is required by law. As a result, the United States Mint is presently developing a production and launch schedule to determine the earliest possible release of these coins through the Authorized Purchaser network.

The US Mint first released the 24 karat American Gold Buffalo coins in 2006. The coins were offered as one ounce gold bullion coins and one ounce proof coins for collectors. The same line up was offered in 2007. In 2008, the number of collector offerings ballooned to included fractional proof and fractional uncirculated coins. These additional offerings were announced discontinued before the end of the year.

Based on current information, the US Mint will offer one ounce 2009 Gold Buffalo bullion coins and one ounce 2009 Gold Buffalo proof coins. Last year, the US Mint sold 189,500 of the one ounce bullion coins and 19,591 of the one ounce proof coins.

Release dates for this year's offerings have still not been provided.