Prices matter, just to state the obvious… 2014-W $50 Proof American Buffalo Gold Coins jumped out of the gate, notching the highest debut sales in four years.
And back to pricing, the 24-karat gold coin launched at the lowest price in four years. While there are other factors supporting its quicker start, that is the major one.
Released on Thursday, May 8, the proof Gold Buffalo banked sales of 7,899 by Sunday, May 12. That’s a 62.4% improvement over the 4,863 sales start of last year’s coin. You have to go back to 2010 for a better opening tally.
2009 – 2014 Proof Gold Buffalo Sales
|Debut Price||Issue Date||Date of First Reported Sales||Sales of First Reported Date||Final Sales / Mintages|
|2014 American Gold Buffalo||$1,640||May 8, 2014||May 12, 2014||7,899||–|
|2013 American Gold Buffalo||$1,790||May 23, 2013||May 27, 2013||4,863||18,594|
|2012 American Gold Buffalo||$1,960||March 15, 2012||March 19, 2012||4,110||19,715|
|2011 American Gold Buffalo||$1,760||May 19, 2011||May 22, 2011||5,782||28,683|
|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|
Prices of United States Mint numismatic gold coins can adjust weekly based on an average of the London gold Fix. It’s very likely that prices will remain unchanged this week as Wednesday’s AM fixing would need to jump above $1,360.70 an ounce. Gold is resting at $1,294.70 an ounce as of this writing.