United States Mint Updates Pricing for American Buffalo Gold Coins
Jan 12th, 2009 - The United States Mint updated the pricing for the 2008 American Buffalo gold coins reflecting the rising gold prices in the market.
U.S. Minted released a notice back last week, announcing a new pricing policy will be adopted. This new pricing policy would price gold and platinum coin primarily based on the London Fix weekly average. The purpose of introducing this new pricing policy is to mitigate the effect that fluctuating gold market prices has on gold coins. The new pricing mechanism is much more open as it contains tables of coin prices based on ranges of London Fix bullion prices. If the London Fix weekly average stays within a $50 range for gold, the collector gold coin prices would not be change. Otherwise a price adjustment will take place.
The new pricing policy has resulted in substantial price increases for many of the remaining 2008 gold coins including 2008-W American Buffalo gold coins.
2008-W American Buffalo Gold Coins Prices Update
Old Price New Price Change
Double Prosperity Set $1,079 $1,175 $96
Celebration version $969 $1,147 $178
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