US Mint to sell final inventory of 2008 American Buffalo Gold Bullion Coins
The following memo was sent by the US Mint to authorized bullion purchasers.
MEMORANDUM TO ALL AMERICAN BUFFALO BULLION COIN AUTHORIZED PURCHASERS
SUBJECT: 2008–Dated American Buffalo Bullion Coins
On Monday, November 3, 2008, the United States Mint will resume taking orders for 2008-dated American Buffalo One Ounce Gold Bullion Coins.
Final inventory for these bullion coins is based on current in-house blank supplies and supplies are limited. The United States Mint will allocate these remaining coins among the Authorized Purchasers (AP’s).
The United States Mint will use a slight modification of its standard allocation process, which is as follows:
Monday morning, the inventory available for sale that week will be divided into two equal pools for this bullion coin product.
The first pool for this bullion coin product will be allocated equally to all active American Buffalo One Ounce Gold Bullion AP’s respectively (active AP’s are those which have purchased American Buffalo One Ounce Gold Bullion Coins in the past three fiscal years).
The second pool will be allocated based on each AP’s sales performance for this bullion coin product in the last three fiscal years (e.g., an AP who purchased 30% of all American Buffalo One Ounce Gold Bullion Coins during this time will be allocated 30% of this second pool).
Each AP will be advised via fax Monday morning (or if a government holiday, Tuesday morning) of its allocation, and will have until 3 p.m. on the following Friday to place an order for its allocated coins.
Any unordered coins remaining after 3 p.m. Friday will be put back into the pool for allocation the following Monday only until coin inventory for this product is depleted.
Included in the communication with each AP’s initial allocation on November 3 will be its allocation percentage based on sales performance.
Thank you for your patience and your continued support of the United States Mint Bullion Coin Program.