2022-W $50 Proof American Buffalo Gold Coin Release

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Today at noon ET, the United States Mint will start selling their 2022-W $50 Proof American Buffalo Gold Coin. Each is produced at the West Point Mint for coin collectors and contains an ounce of .9999 fine 24-karat gold.

Mint product images 2022-W $50 Proof American Buffalo Gold Coin
United States Mint product images for the 2022-W $50 Proof American Buffalo Gold Coin. The coin ships in a black presentation case and it is accompanied by a U.S. Mint Certificate of Authenticity.

This collectible is a companion to investor-targeted bullion versions also minted each year. Both series debuted in 2006 as the U.S. Mint’s first ever 24-karat gold coins.

Pricing for the proof coin is $2,790.00. That is subject to change weekly, however, based on the Mint’s pricing matrix that ties coin prices to fluctuations in the gold market. The coin’s current price is based on an average of LBMA gold prices that resides within $1,850.00 to $1,899.99 an ounce.

Coin Designs and Specifications

American Buffalo Gold Coins bear a design based on the 1913 Buffalo nickel, Type 1, as created by sculptor James Earle Fraser.

Obverses (heads side) offer a likeness of an American Indian. The right-facing profile is said to have been created using a combination of real men Fraser encountered.

Obverse of 2022-W $50 Proof American Buffalo Gold Coin
This image shows the gold coin’s obverse or heads side

Inscriptions around the portrait include "LIBERTY" and "2022." The artist’s initial of "F" is also shown.

Reverses (tails side), we find the source of the coin’s naming. An American Buffalo, also known as a bison, is shown standing on a mound of dirt.

Reverse of 2022-W $50 Proof American Buffalo Gold Coin
This image shows the coin’s reverse or tails side

Reverse inscriptions include "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," "IN GOD WE TRUST," "$50," "1 OZ.," and ".9999 FINE GOLD."

U.S. Mint provided specifications for the coin are as follows:

Coin Specifications

Denomination: $50
Finish: Proof
Composition: 99.99% Gold
Diameter: 1.287 inches
(32.70 mm)
Weight: 1.0000 troy ounce
(31.103 grams)
Edge: Reeded
Mint and Mint Mark: West Point – W
Privy Mark: None

 

2022-W $50 Proof American Buffalo Gold Coin Sales (2006 to 2021)

Despite their higher price, thousands of these gold coins are sold annually, as illustrated in the table below.

Year Opening Price Final Sales
2021 (released on May 14) $2,740.00 16,854
2020 (released on April 9) $2,315.00 11,887
2019 (released on April 12) $1,660.00 14,844
2018 (released on May 10) $1,710.00 15,756
2017 (released on May 11) $1,590.00 15,810
2016 (released on March 31) $1,590.00 21,878
2015 (released on April 9) $1,590.00 16,591
2014 (released on May 8) $1,640.00 20,557
2013 (released on May 23) $1,790.00 18,594
2012 (released March 15) $1,960.00 19,715
2011 (released May 19) $1,760.00 28,683
2010 (released June 3) $1,510.00 49,263
2009 (released October 29) $1,360.00 49,306
2008 (released July 22) $1,199.95 18,863
2007 (released May 23) $825.95 58,998
2006 (released June 22) $800.00 246,267

 

Other variations of the coin have also been issued in past years by the U.S. Mint including fractional sizes and a special reverse proof edition.

Ordering and Mintage

2022-W $50 Proof American Buffalo Gold Coin may be ordered directly from the U.S. Mint via its webpage dedicated to gold coins.

Mintage for the coin is capped at 16,000.

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Rooster

The gold proof buffalo is my favorite coin.

SENZA

Then you will be happy to know there are still 5267 available to fill you castle Congrats Here comes the Rooster First on Thread

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Rooster

Senza: Can’t kill the rooster. Surprised how late this article came up.

SENZA

I was snoozin’ never noticed

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REB

What are the sellout chances on this one?

Henry Brandt

With the way the gold market is today they will be lucky to sell one.

Kia99

Isn’t this the first year the mint has capped the mintage? And with no household limit, I’d say the speculators will swarm this one.

Rich

With a mintage/product limit of 16,000 it probably won’t sell out within the first 24 hours even with a household order limit of none.

SENZA

The new Gold = even trade one bottle for one coin SHTF

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SENZA

I’m thinking it’s like when Cherry Garcia goes up to $7.99 I love the stuff and I could afford to pay that but it becomes an insult to my intelligence (stop laughing) and I just walk away until it’s $2.99 next week – My point being – I wonder if the wealthy old farts use the same logic or are they just

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Kia99

Just for fun Kaiser, I’ll be more committal and guess we see a Back Order button before noon on Friday. Anyone else want to make a fool of themselves too with a prediction?

Larry

Are you serious? With gold at $1858/ounce and the mint charging $2790 for the Buffalo, plus the effects of the wonderful Biden administration, I doubt very many people are going to be buying these. I sure as hell won’t be buying any.

Rich

Sir Kaiser, to continue the discussion of gold/silver and AGE/ASE prices/values, consider the Mint prices to the metal prices in terms of ratios. With recent spot gold price = $1,840 and silver price = $23, the gold/silver price ratio = 80:1. With current Mint 1-oz AGE Proof price = $2,750 and 1-oz ASE Proof price = $73, the AGE/ASE ratio = 38:1. Using the gold/silver price ratio of 80 and the Mint price of $2,750 for the AGE Proof, the price for the ASE Proof should be $34.50. With the gold/silver ratio = 80 and the Proof AGE/ASE ratio =… Read more »

Last edited 16 days ago by Rich
REB

Interesting information. Thanks for posting. Plus, it makes me feel slightly better about my purchase.

I’m generally buying for love of collecting, not investment value. I’ve yet to sell a single coin from my 30+ year collection. There may come a day for that but it’s more likely that my heirs see a windfall. They really won’t care how much I spent on the coin then. I know I won’t.

Last edited 16 days ago by REB
Rich

That’s the difference between investing and collecting coins. Using the 2022 American Gold Buffalo (AGB) as an example, the collector version 2022-W $50 AGB Proof costs $2,790 (from the Mint), while the investor version 2022 $50 AGB BU costs $1,905 (current online price from one of the Mint’s Authorized Dealers), an $885 price difference for the same troy ounce of 24K gold, but with a different proof finish.
With the current gold price = $1,820/oz (and silver price = $20.70/oz), how feasible is a future gold price = $2,800/oz (or future silver price = $75/oz), say 3-5 years from now?

Last edited 16 days ago by Rich
REB

Plus, I assume a “collector” coin itself has some intrinsic value separate and apart from the precious metal content. Otherwise, all one ounce gold coins would sell for the same price regardless of mint mark, mintage, year or type of production. But I guess the idea of different prices for different coins assumes that there is still a collectors market out there looking for and buying particular coins. I sometimes wonder whether the mint is trying to destroy that market by pissing off the true collectors of coins out there. I know I’ve come close to throwing in the towel… Read more »

Rich

REB, your observations are correct regarding numismatic gold coins versus bullion gold coins, as evidenced by the difference in the premiums charged, which can usually run up to 5% for gold bullion and up to 50% for gold proof coins (e.g., Gold American Eagles and Buffalo).

Last edited 16 days ago by Rich
REB

But does the Mint really make the biggest profits? Or do speculators on unnecessarily low mintage items make the biggest profits? I use the gold WWII privy mark coin as an example. Why not give a window of 3 hours, 12 hours or 24 hours for collectors to preorder a coin instead of limiting the mintage to the insane level of less than 2,000 coins? I feel certain the Mint would have made much, MUCH more if they had not squeezed the limit so. To get the coin, collectors had to pay many times the Mint release price. I know… Read more »

Last edited 15 days ago by REB
REB

Agreed.

Larry

Kaiser Some well informed individuals in the investment world think gold is overpriced at $1850/ounce and are negative on the precious metal for the next decade. They like commodities prospects for that duration ex gold. I hold several Proof Buffalo coins in my collection, but all of them are more valuable now than what I paid for them. I can’t rationalize paying $2790 for this iteration, or more to the point $900 to the mint ‘government’ to produce it. I understand those that like to keep up their collection but I can always find better uses for my money. My… Read more »

sam tweedy

Hurry Hurry!!!! Before “Mike Mezack” gets them all !!!!!!!!>>>>>>>>>> Understand>>>>>!!!!! OMG!!!!!>>>>>>> ANACS ANACS>>>>>> YEAH!!!!!!>>>>>>

Larry

I can’t wait to see the prices he’ll be offering them for. I’ll be laughing at any idiot who will lay out $4K plus for a ANAC graded slab!

SENZA

Don’t foreget the covenient payments and the Red Oak

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Larry

Senza

Can you imagine walking into a Mike Mezack sycophants abode and gazing at hundreds of Red Oak Boxes set up everywhere. I always wonder how many Red Oak Boxes does a serious coin collector need.

SENZA

Larry,

I just can’t seem to get enough https://www.youtube.com/watch?v=cVsQLlk-T0s&t=188s

Larry

Kaiser

I was thinking when I posted that maybe it should be with a 5 handle instead of the 4. With Mike ‘buy it now’ Mezack you never really know. Are you going to stay up for the lunar eclipse this weekend? All I ask for is a cloudless night!

SENZA

Caffeine Mike hard at work to part you and your money but the value of Red Oak is going up

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SENZA

And it might not even be real wood https://www.youtube.com/watch?v=cDAiJ04UShM

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REB

I got one … actually my wife did all the work with the keyboard. She’s pretty cool under pressure. It was a quick transaction. Got the confirmation within 15 seconds online. Last I looked 7,513 are left.

Rich

Sales seem to be brisk, though there is no indication of heavy traffic on the Mint website. After the first 15 minutes of sales, at 12:15pm ET data-available = 7,129.

Last edited 16 days ago by Rich
REB

The pace seems to be slowing. With no limit it still might sell out before 24 hours but I think most will be able to get one over the next couple of hours. I wonder if the heavy traffic on silver is because it’s cheaper for speculators to purchase up front. With gold, you’ve got to have some $$$ to get in and the downside risk if the coin doesn’t sell on ebay is greater.

Antonio

Beautiful coin. Too bad the mint has it marked up so much above the spot price for gold. I’d buy Pandas for my money, there’s more demand for them. Although, I won’t be buying either. Buy low, sell high. It’s my mantra.

Henry Brandt

Almost 1000$ over spot.

Henry Brandt

Think I added wrong

Mike Petraitis

Hi Reb where do you go to see how many they sold? Thanks.

REB

Go to the item description. Right click over the title of the coin(s). Choose “View Page Source” from the pull-down menu. Key in Control-F. At the bottom left-hand corner type in “data-available” (I type “data-av” to save a couple of key strokes). Then, enter the search. It should highlight the number. It is now 4,835.

REB

Lightning fast regular shipping – I ordered Thursday and got the coin today. I think that’s the quickest turnaround from the Mint I’ve ever seen.

Antonio

Nice choice of gold. I like the Pandas myself but the Austrian gold is very nice.

SENZA

I’m sticking with

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Rich

At the 3 hour point since release, 3pm ET, data-available = 5,295

Rich

Like the buyer of this painting who shelled out $195 million a few days ago

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SENZA

Remember your training – no actual money traded hands – Bill Gates just claimed to have sold it to Warren Buffet who has never laid eyes or hands on it and a huge tax incentive was created out of thin air for both

Last edited 16 days ago by SENZA
SENZA

Over 11,000 sold

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c_q

geebus that’s nearly $1000 premium over gold for this puppy. the mint is making a mint on these har har har

Last edited 16 days ago by c_q
Mark

Wow, almost $1000 over gold value! That is quite a markup! Inflation is everywhere.

Allan

The world is now complete. MM is now selling a signed slabbed 2021-W Burnished MS70 FDI Silver Eagle signed by none other than MM.

Larry

Allen,

He announced a few weeks ago that he has a licensed agreement with NGC to produce a few limited and rare…oh I’m sorry…RARE coins each year. And yes, they will be hand signed by Mike ‘You must own this coin, you must buy it now’ Mezack. Just imagine, we can now own a coin holder that’s actually signed by a living god! It also comes with the Red Oak Box!