2009 Proof Gold Buffalo Sales at 19,468

The first sales figures are available for the 2009 Proof Gold Buffalo. This coin went on sale at the United States Mint on October 29, 2009 priced at $1,360 with no household ordering limit or stated maximum mintage.

As of November 1, 2009, the US Mint recorded sales of 19,468 of the one ounce 2009 Proof Gold Buffalo coins. This positions the coin only 123 away from the total sales amount for the one ounce 2008 Proof Gold Buffalo. The table below shows the mintages (or last reported sales figures) for Proof Gold Buffalo coins from 2006 to date.

Proof Gold Buffalo Mintages

	1 oz	1/2 oz	1/4 oz	1/10 oz
2006	246,267
2007	58,998
2008	19,591	12,569	13,903	19,294
2009	19,468

The relatively strong opening sales came amidst a "wait and see" attitude from some collectors. If the price of gold had remained below the $1,050 level for most of the week, this would have prompted a price reduction. The coins are currently priced at $1,360 based on an average weekly gold price within the $1,050 to $1,099.99 range. Prices for the US Mint's gold numismatic products can be adjusted once a week if the average price of gold moves into different price tiers set at $50 increments.

Gold's recent performance suggests that a price reduction will not happen this week. By my calculation, unless tomorrow's London AM Fix is below $1,058, the price of the 2009 Proof Gold Buffalo will remain unchanged. The current price of gold is $1,079 per ounce.