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More Buffaloes on Way
November 03, 2008

Buyers of one-ounce American Buffalo gold bullion coins are getting another chance, according to a Mint memo. See below.


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.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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