Yesterday, 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
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.|
|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.