Reverse Proof Gold Buffalo Sales Conclude

gold-buffaloYesterday, the four week ordering window for the United States Mint’s 2013-W Reverse Proof Gold Buffalo officially closed. The last sales figure shown on the Mint’s sales odometer were 45,912 units, although a final update will likely be posted later today.

Update: The last sales figure has been updated to 47,836.

The special coin was issued to mark the 100th anniversary of James Earle Fraser’s classic design for the Indian Head or “Buffalo” Nickel issued from 1913 to 1938. The popular design was also used for a commemorative silver dollar issued in 2001 and the American Buffalo 24 karat gold bullion and collector coins issued from 2006 to present.

Ordering for the Reverse Proof Gold Buffalo had opened on August 8, 2013 at 12:00 Noon ET and concluded on September 5, 2013 at 5:00 PM ET. During the course of the offering, a sales odometer placed on the product page was updated each weekday with an approximation of cumulative sales through all of the US Mint’s sales channels. All of the figures from the sales odometer are shown below, with the increase from the prior reading calculated.

Reverse Proof Gold Buffalo Sales

Increase Total Sales
8/9/2013 21,009 21,009
8/12/2013 3,874 24,883
8/13/2013 2,022 26,905
8/14/2013 2,548 29,453
8/15/2013 1,029 30,482
8/16/2013 692 31,174
8/19/2013 1,502 32,676
8/20/2013 1,410 34,086
8/21/2013 1,624 35,710
8/22/2013 547 36,257
8/23/2013 271 36,528
8/26/2013 786 37,314
8/27/2013 263 37,577
8/28/2013 1,284 38,861
8/29/2013 1,100 39,961
8/30/2013 843 40,804
9/3/2013 1,991 42,795
9/4/2013 1,683 44,478
9/5/2013 1,434 45,912
 9/6/2013  1,924  47,836

At last reported sales of 47,836 units, the Reverse Proof Buffalo represents the US Mint’s best selling numismatic gold coin since 2011. The sales total is more than double the current sales figures for all of this year’s numismatic gold offerings, and actually triple the current sales figure for this year’s regular proof Gold Buffalo.

Across all American Gold Buffalo numismatic issues, the Reverse Proof falls towards the upper range in terms of mintages, but remains far below the highest mintage of 246,267 reached for the 2006 proof. The issue does have the advantage of being the only reverse proof coin of the series and a special issue, which should help it maintain a higher level of secondary market demand.

Numismatic Gold Buffalo Mintages or Sales

Date 1 oz. 1/2 oz. 1/4 oz. 1/10 oz.
2006 Proof 246,267
2007 Proof 58,998
2008 Proof 18,863 12,169 13,125 18,884
2008 Unc 9,074 16,908 9,949 17,429
2009 Proof 49,306
2010 Proof 49,263
2011 Proof 28,693*
2012 Proof 19,675*
2013 Proof 13,921**
2013 Rev Pr 47,836*
*last reported sales
**still on sale

Looking ahead, there are no US Mint numismatic products scheduled for release until September 19. In the coming weeks, Mint News Blog will revisit some existing products and explore some designs for upcoming coins.

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Comments

  1. Ray says

    all the AtBs except Perrys Victory are now on backorder. i’m starting to wonder if all the coins will reach the 25k limit. the price of 155 shipped is really amazing. man i love this series. i’ll report back what my 2 AtBs that I submitted to NGC grade as. They each have one ding on the obverse rim, which is very very small. i’m guessing these will grade as 69s, but thats a total guess as Ive never submitted coins to be graded before.

  2. KEITHSTER says

    C C very intresting please tell us more like when you ordered or when you got your coin?And more about the error will be nice to have a graded error in the RPB’s Best of luck to you and all that have them and also to those that don’t:>

  3. Sith says

    @VABEACHBUM “Emporium in Hamburg that had a contract with somebody supposedly representing the government of Somalia (or whatever is left of it), and apparently the Bavarian state mint in Munich”

    The Bavarian Mint (German: Bayerisches Hauptmünzamt) is a currently operating German mint located in Munich, the capital of Bavaria. It is currently one of several institutions throughout the eurozone permitted to produce euro coinage.

    The Emporium Gruppe is one of the world’s leading coin trading houses.The Emporium group has made agreements with a number of mints in recent years. We market their coins and medals exclusively in Germany. We would like to show you this small selection of coins from our “exclusive distributions”:

    African Wildlife
    Apostel Thaler Series
    Ships and vehicles
    and much, much more…

  4. Samuel says

    “high low silver says:
    September 9, 2013 at 11:52 am
    Does anyone else notice little bumps on RP Buffalo going from I in LIBERTY down to the T ?”
    ———————————
    if u zoom the pic at the mint’s picture, it show those little bumps.

  5. Samuel says

    hls, i actually just received my regular buff several minutes ago. i think because the regular pf background is so shiny, it is difficult to tell the bumps. again, if u zoom the mint pic, u will see the bumps on regular pf.

  6. fmtransmitter says

    @VABEACHBUM :Yes the ULTRA word in ULTRA CAMEO blended in my mind. I again am very sorry. In my mind I could swear it said Ultra H R. Thank you for understanding. If you decide to pop on that low mint HR Somalia, I hope it is beautiful and a great addition to your collection.

  7. fmtransmitter says

    @Ray: I suspect PV will sell out soon by either dealers or us end buyers as well IMHO. Great price.

  8. fmtransmitter says

    I found a link to the Elephant coins mentioned and will post under World Mint site above, if you go there, you will see a large selection that is being offered.

  9. CW says

    I rescind my previous comments on patience with the mint. I have lost mine. I ordered my RP on the second day at noon and still am seeing an expected to ship 9-8 date and backordered. Too bad it is 9-9. I am beginning to wonder if my coin was in the 2000+ coin stack that went to the ANA convention, contrary to their stated FIFO policy.

  10. Sith says

    @CW – Same situation here but I can wait as long as the coin is minted properly and comes in its capsule.

  11. Tim says

    CW,
    I too will soon lower the number by 1 if they don’t send me this RP…..This has gotten to be sooo old……….

  12. C Catlin says

    Keithster – still waiting to get RP coin back from NGC and no picture posted yet on their site. Coin number is 2612011-002, a little more info on NGC site. I ordered it at 12:04 on first day (aug 8).

  13. KEITHSTER says

    Sweet thats about the time my order went in this could be big for you:) Should blow all the other one’s out of the water! And if it catches on may just have to open my box to take a peak:> Please let us know when you learn more! Best of luck to you and us :>

  14. GMS says

    Don’t ever trust the expected to ship on date, most of us have learned that by now especially with the WP eagles. My 7/19 order just arrived today.

  15. Shutter says

    I think the premium for the RP Buff will be determined by if they make one again in the future.

    Probably, but up to a point. The 2006 RP ASE still commands a decent premium, even though it has now become an annual issue, and the 2006 wasn’t a particularly small mintage.

  16. ABC says

    The RP ASE will not be an annual issue as the mint director has already said that they will not be issuing any more RP ASEs for the near future. It will only be used to mark special anniversaries.

  17. fmtransmitter says

    Question about paper. Teller today had several $2 bills. I just grabed 5 of the crispiest not looking. Found out they were semi sequential 1976 series star notes. She had already left when I went back to buy the rest. My mistake, I am not a paper guy but I know enough star notes are good and three zeroes in front of the serial number are good. Any idea what they may be worth?

  18. Addielise says

    @ABC, I thought he said there would be no special ASE set next year? But the way I interpreted that is it doesn’t necessarily mean they won’t sell the RP or even an enhanced uncirc ASE individually if they think they can make money off it.

  19. fmtransmitter says

    IMHO that is a mistake made by someone who touched the coin at the TPG and dug a chunk out. It is an extremely soft material in this state. The TPG said, “You idiot, what do we do now?” Walah, a mint error label. Plawease!!

  20. ABC says

    I was actually wondering the same thing. How do the TPGs determine whether an anomaly on a coin’s surface is due to the minting process (for example, strike-thru errors) and something (damage) that was done to the coin by someone later on?

  21. Ray says

    I’m thinking the same. Guess I’d need better images of the area in question, but in theory, this could have been done by anyone. How would they know? Ive been thiinking the same about some other error coins too. Some are clearly from the mint, while others just seem odd and questionable.

  22. Ray says

    I’m thinking the same. Guess I’d need better images of the area in question, but in theory, this could have been done by anyone. How would they know? Ive been thiinking the same about some other error coins too. Some are clearly from the mint, while others just seem odd and questionable.

  23. ABC says

    @C Catlin,
    The pictures of your coin are now on NGC’s website. I can’t see where the planchet flaw is. Can you describe the error?

  24. GMS says

    Looks like the RP Buffalo is doing the same thing the WP’s did as far as shipping. My 9/8 ship dates are now 9/27, might have them by Xmas!

  25. GMS says

    They have all pushed back Tim, just like the WP’s did. If you don’t already have your it may be next year before it ships.

  26. Sith says

    They moved my RP back to 09/27/2013. The funny thing is people are still saying their is no shortage of PMs but they can’t get WP, and the RP out the door, the hockey pucks are on delay, and they have been rationing bullion ASE all year.

  27. fmtransmitter says

    MCM and NGC are pretty much next door to each other. They have a VERY close relationship. MCM spends a ton of cash with them.Just an FYI. Every single coin MCM obtains, they send it over to NGC.

    On another note, I have now had to pay for a PO Box. My reg.Postal worker is on vacation and I have now had a second item put is someone else’s mailbox, PM’s! This is getting bad. Now I am scared my WP set will given to someone else in another Apartment, yes I live in an Apartment and if you do as well I highly suggest getting a PO Box to ensure you receive your PM’s. The last kid walked it over to my door, OPENED! I don’t expect my 2014 Kook to show up by a honest person. One can pray.

  28. Sith says

    @fmtransmitter – I usually walk those packages to my neighbor’s, I was tempted to keep one once but I didn’t. You open the packages because you just assume they our yours. My parents had a worst situation a bunch of punks were taking mail any mail out the mailboxes, including bills letters boxes.Anyway most of my PM deliveries require a signature, its a pain in the behind but I usually just go to the post office office, UPS or FedEx the next day with the delivery card. I hate the mints UPS policy as you actual have to call the mint who then calls UPS to allow the coin to be picked up at their facility.

  29. Hidalgo says

    Gold and silver prices are falling again. The US stock markets are rallying for a second straight day and tensions in Syria are easing. We’re still not out of hot water, but when the Syria crisis shows signs of ending and when it finally ends (whatever the outcome), we can expect oil, gold, and silver prices to continue to fall.

  30. Zaz says

    @fm: PO box for more than a dozen years, everything goes there. All it takes is one wrong delivery and some enterprising nosy neighbor or their “friends” they tell might want to know if you have more gold, silver in your residence and pay your place a visit when you’re not home. Don’t mean to make anyone paranoid but I’d probably move or get a big dog because word will get around the building that there’s a coin collector or precious metal collector living among them. Coins and PMs are easy to transport commodities that can hold massive amounts of value and thieves know this. USPS makes tons of these delivery mistakes every single day.

  31. Brad says

    My WP order of 6/6 at 4:59 pm ET will be shipped out by tomorrow or the next day. So, if there is any truth to the FIFO shipping method, it should be safe to say that ALL WP sets will be shipped out prior to 9/30. That should allow an accurate count in the annual report of how many sets were actually shipped. It will be interesting to see how many were cancelled.

  32. simon says

    FedEx used to do the shipments through the “Fulfillment Center” before PBGS. They were professional and prompt. I prefer them to UPS – most definitely. As for USPS I would suggest making a call to the Post Office and suggesting that they be more careful with their deliveries.

  33. MarkInFlorida says

    I also use a PO box for all my mail. It’s safe and dry and in the box first thing in the morning. Now they tell me they can email me when a package arrives. I need to check into that.

  34. fmtransmitter says

    I did call twice. They said they would take care of it. Still going to get a PO Box. ADP alarm company has been called for service also.

  35. Tim says

    simon,
    You are spot on concerning the former ‘Fulfillment Center”. It was sooo much better back then. Not hard to believe that they would screwup a very good system, but they did……….

  36. C Catlin says

    Keithster –

    NGC says they should have labeled it mint error vs OBV Planchet Flaw. They want it back to fix the label and will review again to tell me where the error is.

  37. says

    Hi Dee,

    Your 5 oz Quarter Set of 5 coins is showing up in our online database as SP rather than MS coins. Order #

    Can you please verify that your coin holders are showing up as MS and not SP.

    We would like to correct this in our database and hoping you can confirm your coins are showing MS. If they are showing differently we can correct it and apologize for the inconvenience of shipping the coins back . However, we would reimburse you and also give a free voucher for your troubles.

    Can you send us a scan of one of the coins?

    Thanks and sorry for the inconvenience.

    This was a label error by the grading company. Does this give more value to the coins for the error?

  38. David says

    Anyone have shipping dates from the mint prior to 9/27? I ordered on August 10th at around 4:00pm, and the ship date is showing 9/27. It was 9/8 until early this week. Wondering if anyone still waiting has an earlier date….

  39. Scott says

    David,
    Same here, placed my order early on 8-12 and the ship date was 9/8 until about a week ago, now it’s 9/27. I hope it’s not a repeat of what we went thru with the WP silver eagle sets.

  40. David says

    Scott,
    Update to my status: As of today the US Mint is saying “In stock and reserved”. Hoping it ships out soon. Keeping my fingers crossed for you, too.

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