This article was originally printed in the latest issue of Numismatic News.
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Sales of the proof 2010 Buffalo gold one-ounce coin started briskly June 3, but collector demand fell short of the pace set by the 2009 proof Buffalo.
As of June 8, the U.S. Mint reported sales of 12,778 pieces.
In comparison, during the first three days of sales for the 2009 proof, the Mint sold 19,468 coins.
Sales of the 2009 coin then began to slow down and it was available for purchase for approximately five months following the Oct. 29, 2009, initial release date.
Even though the 2010 sales pace is somewhat behind the 2009 pace, it already has reached roughly a quarter of the 49,388 figure achieved by the 2009 proof.
With a retail price of $1,510 each, the Mint has already registered $19,294,780 in Buffalo proof sales.
The Mint is charging roughly a 25 percent premium over the price of an ounce of gold.
To order, visit the Mint’s website at www.usmint.gov, or telephone (800) USA-MINT. The price may change as it is based on gold bullion’s fluctuating market price.
Before you rush off to the rivers and streams of California with your pan in hand, spend some time with Gold Rush and you’ll find an easier way to profit from the high value of gold!