One-ounce Buffalo bullion gold coins reappear with November numbers. There were none in October. Hence the monthly gap. Keep your eye on “W” uncirculated platinum Eagle totals.
The gold Buffalo bullion coin seems to be a one-week wonder. Only 4,000 coins were sold this week as compared to last week’s debut number of 31,000.
Was demand for gold down this week or simply shifted to the newly available one-ounce Buffalo bullion gold coin?
One-ounce gold Buffalo bullion coins outsold one-ounce American Eagle bullion coins since last week’s column.
If you just looked at the monthly gold Eagle bullion numbers last week and then this week, you would never know that the final days of November saw frantic buying.
Sales of the one-ounce gold Buffalo proof coin moved past the one-ounce gold proof American Eagle this week.
One-ounce gold bullion American Eagles set the sales pace this week as 21,500 more were sold, bringing the running total for October to 29,000 and the running total for the year to 439,500.
Gee, the proof one-ounce gold Buffalo couldn’t stand the spotlight shone on it last week. The rate of sales halved from 1,280 to 678, though it did pass the 30,000 mark to reach 30,595 overall.
After the market grabbed 200,000 one-ounce Buffalo bullion coins, the U.S. Mint announced it was making no more.
The Mint’s new focus on the one-ounce American Eagle bullion coin for investors is showing up in the high output of 104,500 for the month of October.
