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Strong Sales of proof Buffalo 1-ounce gold coins |
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I've never really understood the attraction of proof gold coins, which just demand a high premium for being a bit shinier, but still contain the same amount of gold as a standard bullion coin. However, the market does not agree with me, and current sales of the 2010 one ounce gold Buffalo proofs are very strong. In fact, the US Mint has quickly sold $20 million worth of them, even with a 25% markup over spot. Maybe collectors know something I don't, or maybe they just want to get their hands on gold at whatever price.
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Daily Gold Coins blog
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