Reverse Proof Gold Buffalo Offered During Ordering Window | Silver Coins

Reverse Proof Gold Buffalo Offered During Ordering Window

Yesterday, the United States Mint officially announced the specifics for the upcoming 2013 American Gold Buffalo Reverse Proof Coin, issued to mark the 100th anniversary of James Earle Fraser&#8217s style for the original Kind 1 Buffalo Nickel. The coins function frosted background fields and mirrored style components, or the reverse of the typical cameo proof look.

Reverse Proof

The supplying was originally proposed within a customer survey distributed in late 2012. The survey had originally suggested releasing a reverse proof version of the coin along with the regular proof version in a two coin set. Other possibilities had been also raised, such as altering the design and style of the coin or re-introducing uncirculated coins or fractional weight coins.

In Could 2013, the US Mint officially confirmed the offering of a one particular ounce 2013 Reverse Proof Gold Buffalo. At the time, it was specified that the coin would be sold separately and minted to demand at the West Point Mint. That exact same month, the US Mint displayed an actual instance of the coin at the ANA National Cash Show held in New Orleans.

The final announced particulars of the offering indicate that the Reverse Proof Gold Buffalo will be offered for sale in the course of a four week ordering window beginning on August 8, 2013 at 12:00 Noon ET and ending September 5, 2013 at 5:00 PM ET. Customer demand for the duration of the ordering window will establish the number of coins produced.

Pricing will be according to the US Mint&#8217s pricing grid for gold and platinum numismatic items. Based on the current grid, for a gold price tag within the $ 1,250 to $ 1,299.99 range, the coins would be $ 1,640 every single. The actual price tag will be determined primarily based on the typical weekly gold price tag throughout the period top up to the release and may possibly vary during the course of the providing.

The coins will be packaged in an elegant matte finish hardwood box with faux leather inset, along with a certificate of authenticity.

This will be the third current item that the US Mint has provided for the duration of a restricted ordering window with production primarily based on the number of orders received. This technique was employed for the very first time with the 2012 San Francisco Silver Eagle Set and utilized once again for the 2013 West Point Set. The approach of supplying seems to have been developed at least partially in response to the frequent web site crashes that had occurred when the US Mint provided products with a stated limited mintage. Items look to be heading towards the very same result anyway, given that numerous collectors try to place their orders instantly at the start of sales in the hopes of receiving coins the earliest.

This will only be the second reverse proof gold coin that the US Mint has presented. The prior coin was the 2006 Reverse Proof Gold Eagle, which was included in the 10th Anniversary Gold Eagle Set restricted to production of ten,000 sets.

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