Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, April 27, 2010

2010 Gold Buffalo Bullion Coins

The United States Mint recently announced that they will begin accepting orders for the 2010 American Gold Buffalo bullion coins from authorized purchasers on April 29, 2010. Last year, the the 2009-dated Gold Buffalo bullion coins were not available until October 15, 2009.

The US Mint's announcement is related to the bullion version of the American Gold Buffalo. These one ounce, 24-karat gold coins are distributed through the US Mint's network of authorized purchasers. They are able to buy bullion coins directly from the US Mint and then resell the coins to other dealers or the public. The US Mint does expect to issue a collectible 2010 Proof Gold Buffalo, but the release date remains unknown. This proof coin will be available for sale directly form the US Mint.

The earlier release of the 2010 Gold Buffalo is a positive sign that the Mint is catching up with demand for gold bullion coins. As many collectors are now aware, before the United States Mint can produce and issue collectible versions of the American Gold and Silver Eagle, they must meet the full public demand for the bullion versions of the coins. Last year the collectible 2009 Gold and Silver Eagles were canceled since the US Mint could not meet full demand.

Another sign that the US Mint is fulfilling demand for gold bullion coins came last month. The Mint ended the allocation program which had previously limited the number of gold bullion coins that authorized purchasers could order. The rationing program had been reinstated in December 2009, following a two week sales suspension.

A contributing factor to the US Mint's apparent progress in meeting full demand for gold bullion coins may simply be a reduction in demand. Through the end of the first quarter, the US Mint's gold bullion sales are down 20.8% compared to the same period last year. After the numbers are finalized for this month, the percentage decline will be even greater.

Whatever the case may be, the prospects for the issuance of the 2010-W Uncirculated Gold Eagle and 2010-W Proof Gold Eagle have certainly improved.

On the other hand, the situation for collectible 2010 Silver Eagles remains somewhat bleak. Through the first quarter, sales levels for the US Mint's silver bullion coins are above the record levels of last year. Silver Eagle bullion coin sales also remain subject to rationing at the authorized purchaser level. The United States Mint Director Edmund Moy also made statements at the ANA National Money Show in Fort Worth, Texas, casting doubts on the prospects of collectible 2010 Silver Eagles.

Some readers have pointed out that the US Mint's online product catalog currently has subscription pages available for the 2010-W Uncirculated Silver Eagle and 2010-W Proof Silver Eagle. However, the subscription options aren't an indication that the coins will be issued. Similar subscription pages were available for last year's releases right up until the cancellation announcement.
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At April 27, 2010 at 4:38 PM , Anonymous Anonymous said...

I'll believe the Mint is producing a product when I see it in my mailbox. If gold prices skyrocket due to global fiscal instability and the dollar takes it in the shorts much longer, the federal government may begin "reverse" sales where they compel previous purchasers to give back their gold for a government "credit".

At April 27, 2010 at 4:49 PM , Anonymous Anonymous said...

I received an email yesterday from an online coin retailer that they are accepting pre-orders for the 2010 1oz. Gold American Buffalo Coins. The email stated that they:

"just received confirmation of our first shipment of 2010 Gold American Buffalo Coins."

"We have been able to secure our first allotment of these amazing coins for our customers. You can pre-order your 2010 Gold American Buffalo coins from (us) today.... Shipping will commence on or about May 7, 2010!"


At April 27, 2010 at 8:50 PM , Anonymous Anonymous said...

Hay do anybody in here have any recommendations on good gold and silver bullion websites. I'm lookin for a reputable dealer thats still offers a fair price. I know thats askin alot but maybe I'll get lucky.

At April 27, 2010 at 10:41 PM , Anonymous Anonymous said...

check out
based in LA, well established.

At April 28, 2010 at 6:21 AM , Anonymous Anonymous said...

I have had excellent luck at They are based in Edmond, OK. They are easy to get ahold of by phone or email and are always very friendly and helpful. They have a wide varitey of items to choose from as well.

At April 28, 2010 at 6:36 AM , Anonymous Anonymous said...

Yeah, I've ordered from APMEX a few times myself. I've always had great experiences there, and the delivery has always been VERY timely. They also have reasonable premiums on their bullion as well. Highly recommended.

At April 28, 2010 at 7:11 AM , Anonymous Anonymous said...

Will we ever see the mint make Buffalo fractionals again?

At April 28, 2010 at 7:28 AM , Anonymous Anonymous said...

At this point, it doesn't look too likely for a return of the collector fractional Buffalos. However, if public demand for gold bullion returns to lower levels as in years past, the Mint would have more options for the gold blanks it can acquire. Right now, the Mint is pretty much focusing it's efforts on the coins mandated by law. It probably won't be revisiting the fractional Buffalos anytime soon.

At April 28, 2010 at 11:48 AM , Anonymous Anonymous said...

I have to believe that the fact that the mint is producing silver Eagles at numbers far above last year's record, that they could have just as easily have done that last year and made the collector versions of the coins. By just meeting demand for bullion, when they can clearly easily increase production above the demand level, they are not being forthcoming in telling us that they are unable to produce collector silver Eagles. For reasons entirely different from they are telling us, they have decided to forgo the high profit of the collector coins for the miniscule profit they get on bullion. They should be fulfilling collector demand before shipping even one bullion coin.

At May 9, 2010 at 2:26 PM , Anonymous Anonymous said...

Can anyone tell me if purchasing a 2010 Gold Proof Buffalo will be worth the investment? The price of gold is steady rising and I'm wondering what will happen to the price when gold falls which one day it will.


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