2007 Gold Buffalo
2007 American Gold Buffalo Coin
The 2007 Gold Buffalo Coin was the second year for the new series of 24 karat gold coins offered by the US Mint. The coins were available in one ounce size as either bullion coins for precious metals investors or proof coins for collectors.
As might be expected, sales of the 2007 Gold Buffalo coins showed a decline from the levels of the inaugural year, resulting in lower mintages for both options of the coin. The bullion coins showed a decline of about 60% from the prior year, while the mintage for the proof coin fell by more than 75%. The 2007 Proof Gold Buffalo coin still outsold the one ounce 2007 Proof Gold Eagle, which is a testament to the design's enduring popularity.
The 2007 Gold Buffalo bullion coins were available through the US Mint's network of authorized bullion purchasers. These bullion dealers were allowed to purchase the coins directly from the United States Mint based on the spot price of gold plus a markup. In turn, they sold these coins to other bullion dealers, coin dealers, and the public, as well as facilitated a two way market for the coins.
The 2007 Proof Gold Buffalo coins were available for sale directly from the United States Mint beginning on May 23, 2007. The coins were priced at $825.95 with a mintage limit of 200,000 coins. An ordering limit of 100 coins per household was in effect for the first several months of sales.
The price of gold was $661.30 per ounce on May 23, 2007, the first day the proof version of the coin was offered by the US Mint.
2007 Gold Buffalo Mintages:
2007 Gold Buffalo Bullion Coin: 136,503
2007 Gold Buffalo Proof Coin: 58,998
2007 Gold Buffalo Specifications:
Mint Mark: none (bullion coin), W (proof coin)
Designer: James Earle Fraser
Composition: 24 karat (.9999 ) fine gold
Weight: 1.0001 troy ounce (31.1035 g)
Diameter: 1.287 inches (32.70 mm)
Thickness: 0.116 inches (2.95 mm)
