2013-W Proof Gold Buffalo Sales Start Surprisingly Quick

by CoinNews.net on May 29, 2013 · 20 comments

2013-W Proof Gold Buffalo

Starting sales totaled 4,863 for the new 2013-W Proof Gold Buffalo

Sales of the new 2013-W $50 American Gold Buffalo Proof Coin started surprisingly quick considering several factors, like:

  • its release before an extended holiday weekend that can distract collectors

  • it competes for money with another version of the Gold Buffalo that is scheduled to launch later this year, and

  • its premium was higher than typical after missing a pricing cut.

Between its release on Thursday, May 23 through to Monday, May 27, collectors ordered 4,863. That is a stronger debut than last year’s coin, though lower than starts for prior year issues.

2009 – 2013 Proof Gold Buffalo Sales Debuts

  Debut Price Issue Date Date of First Reported Sales Sales of First Reported Date Final Sales / Mintages
2013 American Gold Buffalo $1,790 May 23, 2013 May 27, 2013 4,863
2012 American Gold Buffalo $1,960 March 15, 2012 March 19, 2012 4,110 19,765
2011 American Gold Buffalo $1,760 May 19, 2011 May 22, 2011 5,782 28,693
2010 American Gold Buffalo $1,510 June 3, 2010 June 10, 2010 15,071 49,263
2009 American Gold Buffalo $1,360 Oct. 29, 2009 Nov. 1, 2009 19,468 49,306

 

Price Reduced to $1,740

Minutes ago and as a result of falling gold prices, the United States Mint reduced pricing on its latest collectible and other numismatic gold coins. The 2013-W Proof Gold Buffalo is now available for $1,740, which is $50 less than the opening price.

To place an order, visit the U.S. Mint website at www.usmint.gov/catalog or call 1-800-USA-MINT (872-6468). There are no order or household limits in place.

{ 20 comments… read them below or add one }

Victor May 29, 2013 at 12:31 pm

Yippeeeeeee! I ordered it, on the first day. This morning, I received a notice from UPS that it will be delivered, this afternoon. Now, I’m informed, I could have paid, $50 less, if I had waited. You’re damned if you do and damned if you don’t!

Joe#2 May 29, 2013 at 1:00 pm

Vic, You should do well with the reverse proof coming out sometime this year if you plan on getting it. Hard to believe just a few years ago, I believe 2010, The proof 2010-w gold buffalo I think was around 1300 and change or so.

Joe#2 May 29, 2013 at 1:02 pm

Make that $1,510.00 in 2010

Victor May 29, 2013 at 1:11 pm

When they first came out, I ordered three proofs from the mint, $800, each! I ordered an Unc from a dealer, $550 Next year, I ordered three more from the mint and the Uncs from a dealer. 2008, I bought the 4 piece proof and 4 piece Unc from the mint.

Joe#2 May 29, 2013 at 1:17 pm

Wonder if we’ll ever see them prices again. I’m hearing on a site gold can go down to $750.00? Should be an interesting summer with the economy getting a little better at least as far as housing goes.Good job Vic on your previous purchases.

A&L Futures May 29, 2013 at 9:17 pm

I wonder how many “first week” orders were cancelled in order to take advantage of today’s lower price. I for one will be looking forward to next weeks sales report for this offering.

jim May 30, 2013 at 11:57 am

They accept returns at the original price? Most stores only accept returns at the current price.

Victor May 30, 2013 at 1:56 pm

I just now, received my 2013 Proof Buffalo. Wow, is all I can say. It is magnificent, just as all the other Buffaloes are. One thing the mint has to pay attention, to. There should be a thin square of foam, to keep the encapsulated coin from falling out of its hole. Some coins need a “pry bar” to jar them loose. This one, came loose, in shipment. The coin is not marred or damaged. It was still in the capsule.

Joe May 30, 2013 at 9:12 pm

I paid $625 in 2006 for my Proof Buffalo from the mint. Graded proof 70 ultra cameo brown label from NGC. Sold it for $1,700 when gold was up by the $2000 mark.

A&L Futures May 31, 2013 at 10:36 pm

@ Joe

I purchased a “raw” four-coin 1997 UNC PAE set in 2008. Sent it in to a TPG Co. To my suprise, the first and only MS70 $25 PAE to date.

In 2010, I was one of the 1st to submit and receive graded MS69DMPL “pucks.” Sold one for $3K…yes, one puck for $3,000.00.

I love coin collectors

jim June 1, 2013 at 12:30 am

I bought one of the first 1986 proof silver eagles. Didn’t have it graded, didn’t sell it, still have it. I’m a collector.

Joe June 1, 2013 at 7:11 pm

@A&L Futures

That’s the beauty of coin collecting. jim you wouldn’t make that much money on it anyways.

RonnieBGood June 2, 2013 at 2:30 pm

All – If you have an online account with the Mint you can cancel very easily. Under your account link click on your order number. Then you can click on the cancel line item box. This will cancel an individual item in your order if you get it before it ships. This is where the US Mint excels in their order management above many other Mints.

Victor – I have had the same problem with the Buffalo display cases. Some coins are almost impossible to remove from the case. Others arrive loose in the case. I am sure the loose ones cost many the “70” rating. It is not a smooth ride through the system. A few of the display boxes on sets I have received have parts that have fallen off or come unglued. Not something you would expect when spending this amount.

Joe#2 – With the continual devaluation of the US dollar and I don’t see gold ever falling below the $1,200 mark again. Anyone else pay $4.15 a gallon for gas this weekend?

Joe#2 June 2, 2013 at 3:05 pm

Where do you folks store your numismatic or bullion coins ( silver and or gold ) to prevent rust, corrosion, acid, humidity or dampness from creeping in?
I have heard either a “acid free box” or steel or metal box would be fine.
Thanks for your input. Very important to keep your coins safe. 🙂

Joe June 2, 2013 at 6:18 pm

Bank safety deposit boxes. Never had any problem with my coins after all these years.

jim June 2, 2013 at 10:57 pm

RBG – line item cancel is fine if the order hasn’t been processed yet. If the price goes down before it’s been shipped do you pay the original order price or the current price when it is shipped?

Kahoola June 3, 2013 at 1:55 am

Jim, you can return all mint products within the 7 day period. Look at the packing list included with your order, there is a return shipping label. There are boxes that you can check about why you returned the product. One of these is “changed my mind”. Simple as that, no questions asked. You can get a replacement product, switch to something else or get a refund in the form of a treasury check. You get full value for what you paid except postage. My experience when returning scratched/corroded or otherwise defective items to the mint is that they will even refund your postage. The mint has one of the best customer service return policies ever, my experience is you can buy with confidence from the mint.

RonnieBGood June 3, 2013 at 10:28 am

Jim – You pay the price of the coin / set when you order. If it were not this way you could pay more if the price would go up prior to shipping! When I can I cancel orders before they ship and then reorder them at the lower price. This will save you the Cost and Time of Shipping both ways.

Joe’s – I agree that Safety Deposit Boxes are good for coin storage. Just get a Box that is above your waist line (or the 100 year flood mark if that information is available). Not kidding here. Flood water will even get into sealed graded coins and do damage. Insurance is available thru ANA partners and is recommended if you have a valuable collection stored in a Bank Deposit Box. The FDIC does not insure the contents of your SDB.

Joe June 3, 2013 at 8:19 pm

Your right RonniebGood get the box high. And get insurance if you can afford it. Its not cheap.

Joe#2 June 7, 2013 at 2:02 pm

Just received my 2013-w proof 1 ounce gold buffalo .9999, and it is stunning. Wrapped well, Coin was in it’s “hole” when i received it. I love the wood case it’s in and how it tilts if you wanted to display the piece. I heard from the mint ( for whom ever is interested ), The reverse gold proof buffalo should be released September 30th 2013 ( one day before my birthday 🙂 ). This should be a great year for either 1 or both of the pieces, Since it is the buffaloes 100th anniversary.
In my opinion the buffalo is the top piece the U.S. Mint has ever made..

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