High gold prices and the soaring demand for U.S. Mint gold bullion products prompt the wheels of my mind to turn and to ask the question: Does the U.S. Mint really need the Buffalo gold bullion coin? Sure, it is .9999 fine instead of .9167 fine like the American Eagle, but does the different design and the different fineness really justify a long-term commitment to the Buffalo bullion coin?
We are in the middle of a sales hiatus for the Buffalo. The Mint is throwing all its resources into trying to meet demand for the American Eagle one-ounce gold bullion coin.
Even with this change, I think it is fair to say the Mint is still behind in supplying all of the coins that could be sold if they could be produced.
But you know what?
I haven’t heard a peep from anyone lamenting the temporary passing of the Buffalo coin.
Perhaps the Mint should consider the permanent elimination of the Buffalo coin and go back to what it was doing before the coin debuted in 2006.