2009 Gold Proof Buffs

Chuck, I tend to agree with you on the low mintage argument. One thing that I wonder about is given the amount of products from business strikes, annual sets, special collectibles and preparing new products for the future, does the US Mint have the facilities enough to capacitate everything they hope and claim to be able to deliver? I try to image all that goes into production and wonder if the Mint has enough machines, square footage, workers, security, distribution networks and whatnot to deliver on every front and IF actually isn't partly to blame for products being dropped.

 

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Good point! :thumb:

I was thinking they would take orders for the 2009s and do limited production runs to fill the orders (like they do with the FS coins) until the 2010's are ready for release.

...but, as you point out, why wouldn't they do that for the AGE Proof, instead...seems odd.

Btw, the 2010 Red Book lists the 2009 AGE Uncs & Proofs w/ prices!

I suspect there's a decent chance the 2009 Proof Buff could be a limited run. I'm planning on putting in my order for one (1) coin on Day #1 to make sure I don't miss out (no matter what the price of gold is).

Worst case scenario...the price of gold tanks and they sell a ton of these coins. I could lose maybe $400 on the deal. I don't think that's gonna happen...that would really cheese off the AGE collectors. :crying:

 

Elaine you give good advice here and I am wondering why you think the 2009-Ws will be over minted.

I sometimes think low mintage like last year.
Then think about this, no UHRs next year and nobody knows about the 2010 AGEs. That leaves lots of gold planchets for the Buffalos. I think they could sell the '09s well into 2010, I could be wrong though.

I'm hoping for a low mintage with just enough for the collectors that want them.

 

A key point being lost in this conversation is that there is a distinct difference between 24K blanks and 22K blanks. If they have plenty of one, there is no guarantee they can have the other.

 

Lots of good points made. I wonder if we will ever know the truth?
The US Government isn't known for running businesses effectively.

I wonder how much more difficult it is to make 22k planchets over 24k, or is it the other way around because of the softness?

The only way we will ever find out is to just wait and see.

 

Maybe they could use the 22K blanks then dip them in 24K gold like they do the quarters on TV. :thumb:

 

I am going to pre-order mine later this month.

I think they are great but I don't think they will top those fractionals.

Either way, if I could own both I would!

 

The Mint announced some details: no household ordering limit, no maximum mintage. I guess the only question left unanswered will be how long they are on sale???

http://mintnewsblog.blogspot.com/2009/10/2009-gold-buffalo-proof-coins.html

If they only sell it 'til year's end, that might be enough to limit the mintage. If not, then elaine will likely be right in that this piece will fall in with the 06 and '07 Buffs as bullion value.

 

Something to keep in mind for next year:

1. 2010 AGEs Proof and Unc. will be produced according to Mint.
2. 2010 First Spouse gold coins will be produced.
3. 2010 Buffalos Proof and Unc. will most likely be produced.

Add all the '09 gold stuff, the UHRs, 5 First Spouse coins, AGE Unc. and the Buffalos Proof and Unc. and the Mint declares shortage of blanks ????

I'm bettin' low mintage on the '09s.....:eat:

 

the mint acquired a lot of blanks this time. the mint ready to overflow the market with 2009w american buffalo proof and unc 24k bullion gold coins. beware..........it's very clear. no household limit. no maximum mintage.

 

I'll take that bet. The 2008 Proof Buffalo with continue to be THE King of the herd. I'm sure the 09 proof sales surpass 08 by December 1st. Easy. There might be a shortage of 22k blanks but 24k blanks are in stock and cranking it out.

 

I was looking around for info about availability of blank 22K and 24K planchets, but can't find it. Is that info somewhere on the Mint's web site?

No max, no limit sounds ominous...I'm still gonna buy one right away and see where the mintage goes.

I remember how it felt when they ended the Jackson Liberty FS Proof coin early. I was waiting to "double up" but could only double the Unc coin. I thought they couldn't do that...I thought wrong!

 

Maybe I should have used the word "hoping" instead of "betting".....

Andrew I was wondering about the 24k blanks....do you know for a fact that there are bunches of these ?? How many do you think they have ??
How many proof Buffalos do you think they will produce ??

 

the mint acquired enough 24k blanks to fill the need of collectors. how many?. answer is many. how many proof one ounce buffalo?. it should be over 50,000. and remember we don't have fractional buffalo proof unc (w) and bullion unc anymore. even next year and years after. the buffalo always start at the middle of each year. so 2009 proof buffalo is still have 8 months to sell them. unless the mint surprise us by cutting off the date. which they have done before.

 

Yeah, this is the only way in which the '09 will have a low mintage. If they cut it off in January and immediately start with the '10s but I doubt it.

 

The 2008-W one ounce proof was on sale for 7 months before it sold out.
Less than 20,000 sold and they were cheaper than the 2009-W by about $160 each.

 

Nope, I don't know for a fact but it's just an educated guess. No limit smacks of open flood gates. I would think they should have 50-60,000 in the hopper. One thing you should always remember, the mint hates to create a rarity. Keeping that in mind, they must be minting far more than 08.

Look at what they did with the LP2 rolls and the Harrison dollars. Flood the market and release second runs. There is no way the mint would release proof buffs if they didn't have tens of thousands of blanks. They also know ..ANYTHING they make that's gold ...is flying off the shelf and folks are hungry for some buffalo.

 

Mint wont be happy if price of gold drops

The mint is enjoying this recent increase in the price of gold. I am sure that their stock pile of gold that they bought at the lower prices is now paying huge dividends. With the mint projected to offer the new buffalo gold around or over $1300, what would happen if the price of gold drops suddenly and now the mint is forced to drop their price. If they used stockpiled gold that cost less, then no big deal, but what if they are forced to use gold purchased at the higher prices and then have to sell the coin for less? Probably won't happen.... but what if?

 

Very good comments as usual......:smile
The reason I'm so interested is that I was going to buy a few and don't want to buy too many. So now with all these thoughts to ponder if I buy too many or not enough I will have only me to blame......:hammer:

This Thursday is coming soon.....any and all advice is welcome...I have big ears and hear very well.....:rolling:

 

pass this one or just buy one. 2010 coming. a lot to choose from.