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<p>[QUOTE=&quot;alhas, post: 154399, member: 6275&quot;]American Buffalo Gold coins comes in two flavors: Bullion and Proofs.</p><p>&nbsp;</p><p>Bullion coins are sold by the mint in bulk to: coin dealers, banks, broakerage houses, etc. </p><p>&nbsp;</p><p>The Bullion conins are normally for &quot;investors&quot; who collect for the value of the metal.&nbsp; Bullion coins are bought and sold at the spot price of the metal which varies based upon the supply and demand.&nbsp; The spot price changes on a minute by minute basis on Chicago Option Exchange.&nbsp; These sellers charge additionally 7-10% more than the spot price for shipping, handling and some profit margin.&nbsp; Some coin dealers buy these bullion coins, have them graded, and sell them for a bundle by utilizing all the marketing tools available.</p><p>&nbsp;</p><p>New Proof coins are sold ONLY by US Mint and are normally bought by the collectors.&nbsp; You can buy the proofs in the secondary markets also before/after being graded.</p><p>&nbsp;</p><p>Moen1305 provides a good description of a Proof coin.</p><p>&nbsp;</p><p>PLEASE NOTE:</p><p>The new release of the 20th Aniversary American Eagles sets are only sold by US Mint and are available in: Proof, Reverse Proof, and UNCIRCULATED sets.&nbsp; American Eagle Gold and Silver &quot;Uncirculated&quot; Coins are being introduced in 2006. These coins feature the same finish as their bullion counterparts, but unlike the American Eagle Bullion Coins, the American Eagle Uncirculated Coins bear the mint mark of the facility that produces them and follow a different path through the manufacturing process. Specifically, the planchets used for American Eagle Uncirculated Coins are burnished, while those used for American Eagle Bullion Coins are not.&quot;</p><p>&nbsp;</p><p>Hope this helps...[/QUOTE]</p><p><br /></p>

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