Coins

Revealed: New Sales Data For Proof Buffalo Gold Coin

Wow! That brand new proof gold Buffalo coin is really popular!

It was just released on October 29, and - already - over 19,000 proof Gold buffalo coins have been sold by the U.S. Mint. Those figures were compiled as of November 1, so that is just a 4-day sales period.

Proof gold Buffalo coins are selling well, which was expected. But still, given the current state of the economy, it is exciting to see that a coin costing well over $1,000 can garner such strong sales.

While the sales may be interest from coin collectors, the sales could also point to heavy investor activity from those hoping to catch a good deal on gold before prices increase over the coming months.

Does this mean that gold prices will actually rise in the coming months? No one knows for certain, but what is true is that gold has been trending upward in recent months (with short-period losses here and there).

Still, with great uncertainty as to which direction the bullion market is going to go, it is best to be cautious when buying coins for investment purposes and instead focus on the enjoyment you get as a collector from the coins you buy and have.