The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
Today, the United States Mint announced that they will soon be offering 2009 Proof American Gold Buffalo Coins and 2009 Proof American Platinum Eagle Coins. The announcement comes after nearly a year of speculation about the availability of the coins.
In the same announcement, the US Mint also announced that collectible proof and uncirculated 2009 American Gold and Silver Eagles would not be offered this year. (See related story)
The 2009 Proof Gold Buffalo coin will be available in one ounce size only. For 2008, the US Mint had offered a full range of fractional proof Gold Buffalo coins including 1 ounce, 1/2 ounce, 1/4 ounce, 1/10 ounce coins, and a 4 Coin Set. The fractional coins and a similar line of collectible uncirculated coins were announced as discontinued at the end of 2008. The tentative release date for the 2009 Proof Gold Buffalo is set at October 29, 2009. Details on ordering and potential household limits have not yet been announced.
The US Mint also announced the availability of one ounce 2009 Gold Buffalo bullion coins for October 15. These coins are minted primarily for bullion investors and sold through the US Mint’s network of authorized bullion dealers. These one ounce 24 karat gold bullion coins have been offered since 2006.
The 2009 Proof Platinum Eagle coin will be available in one ounce size only. For 2008, the US Mint had offered a full range of fractional proof Platinum Eagles and a 4 Coin Set. The fractional coins and a similar lineup of collectible uncirculated coins had been previously announced as discontinued. The tentative release date for the 2008 Proof Platinum Eagle is October 29, 2009. The design of the coin will feature an interpretation of “A More Perfect Union.” Details on ordering and potential household limits have not been announced.
The US Mint announced that 2009 Platinum Eagle bullion coins will not be offered this year. Since 1997, the US Mint had produced one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce platinum coins for bullion investors. The US Mint will attempt to resume production of the platinum bullion coins for 2010.