July 6, 2022

2010 Gold Buffalo Bullion Coin Inventories Depleted

Even though its only September, US Mint sales of the 2010 American Gold Buffalo bullion coins are done for the year. Availability for the one ounce 24 karat gold bullion coin has become erratic in recent years, with the coins only available for a few months at a time, rather than throughout the year.

A memorandum sent to the US Mint’s authorized purchaser network included the following brief statement: The United States Mint has depleted its inventory of 2010 American Buffalo One Ounce Gold Bullion Coins. No additional inventory will be made available.

The 2010 Gold Buffalo bullion coins originally went on sale April 29, 2010. After just under five months of availability, the US Mint recorded sales of 209,000 coins.

The American Gold Buffalo series was introduced in 2006, in part to compete with the 24 karat gold offerings of other world mints. The US Mint’s popular American Gold Eagle is struck in a composition of 22 karat gold.

The 2006 Gold Buffalo was launched on June 22, 2006 and the coins were available throughout the remainder of the year. In 2007, the coins were available all year, although sales levels took a dip from the strong levels of the inaugural year. The following year, the more erratic availability would begin.

In September 2008, the US Mint announced their inventory of Gold Buffalo bullion coins depleted. The offering remained unavailable for more than a month. In November sales briefly resumed to sell one last batch of 25,000 coins. After that point, Gold Buffalo bullion coins were not available again for nearly a year.

The 2009 Gold Buffalo coins finally went on sale October 15, 2009 and only lasted until December 4, 2009 before inventories were depleted.

Will we ever see a return to normalcy when bullion coins are available throughout the year and not subject to depletion, suspensions, and rationing?