Proof American Buffalo Coin Sales Two-Thirds Of Maximum

Proof American Buffalo coin sales two-thirds of maximum

Mint sells 210,000 Proof coins out of 300,000

Sales by the United States Mint of the Proof 2006-W American Buffalo 1-ounce .9999 fine gold $50 coins are two-thirds of the way toward a sellout of the maximum authorized mintage. Sales began in June.
As of Aug. 29, sales of the Proof coins reached approximately 210,000 out of a maximum release of 300,000 coins.
The coins, offered at $800 each, went on sale June 19. Customers initially were limited to 10 coins per order per household, but that restriction was lifted July 25, and the order limit was raised to 5,000.
As of Aug. 23, the Mint recorded sales of 231,500 of the bullion version of the American Buffalo gold coin.
Mint officials have announced the American Buffalo coin program, which is required to run for a minimum of 12 months, will span two calendar years of production, with 2006 coins produced through Dec. 31, 2006, and 2007 coins issued between Jan. 1, 2007, and Dec. 31, 2007.
Mint officials have not disclosed whether the 2007 issue will include fractional versions nor whether the Mint will continue to offer .9999 fine gold bullion coins beyond 2007 with the American Buffalo designs or some other motif.
Unlike the Proof American Buffalo gold coins, the Mint does not directly sell the Uncirculated bullion coins to the public. The Mint instead sells the bullion coins to a network of authorized purchasers, who acquire the coins from the Mint for the spot price of the precious metal on a given day on the metals market plus a premium. The authorized purchasers may then sell the bullion coins to dealers and the public.
For more information on the American Buffalo gold coin program, visit the Mint's Web site at https://www.usmint.gov, or call the ordering line at (800) 872-6468. CW