American Buffalo Gold Reverse Proof

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Author	Replies: 7 / Views: 2,001
wif99 Valued Member United States 377 Posts	Posted 10/12/2012 2:02 pm Just got a survey from the mint This is how it started Quote: American Buffalo 24K Gold Coin's obverse and reverse designs feature images by noted American sculptor James Earle Fraser. The designs were originally featured on the popular "Indian Head," or " Buffalo nickel" which was introduced in 1913 to showcase the native beauty of the American West. 2013 is the 100th Anniversary of the James Earle Fraser design on the American Buffalo 24K Gold Coin. In celebration, the United States Mint is considering introducing a reverse proof coin, which would not be minted to demand but would be minted in quantities sufficient so that most people who currently purchase American Buffalo coins would have the opportunity to buy it. (A reverse proof coin consists of reversing the mirror-like background finish of a traditional proof coin, and applying it to the design elements of the coin to achieve a unique contrast.) In addition, the standard American Buffalo proof coin would be minted to demand. The price of the 100th Anniversary American Buffalo reverse proof coin will be approximately $2,000. The price of the standard American Buffalo proof coin will be approximately $2,000. Note: Pricing for gold coin products is tied to the market price for an ounce of gold and can vary dependent upon changes in the market value (based on the London Fix). They also asked several Questions about changing the design Report this Post to the Staff

Shirayasha Valued Member United States 141 Posts	Posted 10/13/2012 9:32 pm This is great news, I want pics to be leaked about the look of it Report this Post to the Staff
LXShutter Valued Member United States 102 Posts	Posted 10/13/2012 10:49 pm Quote: would be minted in quantities sufficient so that most people who currently purchase American Buffalo If we take the average gold Buffalo sales from 2007, that's about 40,000. "Most" probably implies something between 25,000 and 35,000. That's about 30% of the mintage of the 2009 UHR, but nearly double of the latest Buffalo. With gold prices going upward, it will probably sell for well above $2,000. That might depress sales. It would be embarrassing to the mint to pick a mintage for it and not sell out. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 10/13/2012 11:09 pm Quote: It would be embarrassing to the mint to pick a mintage for it and not sell out. I wouldnt be surprised if they just said mint to order and planned for around 20k initially. 2,000 dollar coins dont exactly fly off the shelf Report this Post to the Staff
ninamason Pillar of the Community United States 1227 Posts	Posted 10/14/2012 04:01 am . . . . waits for the option for dirt-poor collectors I'd like a 100th anniversary coin. But it'd have to be, y'know . . . a $20, regular cupro-nickel planchet type thing. That kind of money could replace my car! Report this Post to the Staff
barryg Pillar of the Community United States 5841 Posts	Posted 10/15/2012 08:41 am I got that survey as well. When asked for comments/suggestions at the end, I indicated it would be nice if they could also produce a silver version of the coin since $2000+ will be prohibitively expensive for most collectors. Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
Coinguy1000 Valued Member United States 305 Posts	Posted 10/15/2012 09:17 am with barryg Report this Post to the Staff
LXShutter Valued Member United States 102 Posts	Posted 10/15/2012 10:19 am Quote: I indicated it would be nice if they could also produce a silver version of the coin since $2000+ will be prohibitively expensive for most collectors. I don't think that the mint can produce silver Buffalo (or for that matter clad) without an act of Congress explicitly authorizing that. If they wanted to please collectors at the lower end of the scale, they probably could produce fractional Buffaloes, although it's questionable how satisfying a 1/10 oz coin really would be. Report this Post to the Staff
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