Bullion & Business Weekend Report – Aug 9
67,331 Fractional Buffalo Gold Coins Sold
The first sales figures from the United States Mint are in for 2008 fractional Buffalo gold coins. In total, a solid 67,331 of the new fractionals have been sold.
The 24 karat gold coins were once offered in one-ounce proof versions only.
On July 22, the Mint expanded the product line by issuing fractional denominations of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz weights and in both proof and uncirculated.
The 1/10 ounce gold sizes are proving to be the most popular coins. Their lower prices have helped sales even though the Mint charges higher premiums for these smallest coins.
The following tables highlight uncirculated and proof Buffalo coin sales figures:
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Controversial 1853 United States Assay Office $20 Coins Declared Transfer Die...
Experts at the Society of Private and Pioneer Numismatists (SPPN) meeting settle four decades of uncertainty
A panel of leading numismatists determined the questionable 1853 United States Assay Office of Gold $20 proof, prooflike, and similar coins to be forgeries produced from transfer dies.
The panel's discussion was the main program at the annual meeting of the Society of Private and Pioneer Numismatists held in Baltimore, Maryland Saturday, August 2nd, 2008 as part of the American Numismatic Association's World Fair of Money.
The Transfer Die Forgeries first appeared during the late 1950's, "discovered" by Paul Franklin through a bank teller in Arizona. Franklin and John J. Ford Jr. sold hundreds of these pieces throughout the 1960's as genuine pieces struck in San Francisco by the U.S. Assay Office in 1853.
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