
Updated:
Thursday May 17, 2012
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Pure Cowboy
Member: National Bit, Spur & Saddle Collector's Association and Texas Longhorn Breeders Association of America |
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Item #GC1041 / SOLD 2006 through 2011 Uncirculated Gold $50 Buffalo Set
All 6 Coins Certified "Perfect" Mint State - 70 by NGC Includes 3 EARLY RELEASES and 1 FIRST STRIKE.
The Gold Buffalo coin series was created to compete in a global market with the 24k Krugerrand, Canadian Gold Maple Leaf and Chinese Gold Panda. Although all Gold Buffalo coins are struck at the West Point Mint, only Uncirculated Gold Buffalos and Gold Buffalo Proofs carry the "W" mint mark. Gold Buffalo coins were first minted in 2006 as $50 pieces. They have been issued each year since, including in 2011. In 2008, the US Mint issued the only fractional series of Gold Buffalo Coins ($50, $25, $10, $5). By Act of Congress in 2005, the gold used in Gold Buffalo coins may only be minted from newly mined sources within the United States. The weight, content, and purity of each coin is guaranteed by the United States Government. Gold Buffalos are made of 24k (.9999) gold—also known as "fine gold"—which is 99.99% pure. This set is 6 ounces of 24 karat pure, fine gold -- over 1/3 of a pound of gold!
There are EXTREMELY few sets of the 2008 Uncirculated Gold Buffalo Coins in existence worldwide.
$50 Uncirculated Gold Buffalo Mintages
The 2008 year of issuance was the lowest mintage. In that year, there were only 9,074 $50 coins minted. As any COMPLETE SET of $50 Gold Buffalo Coins (one from each year of issuance) must have one of each year, logically, there can not be more than that number of sets in existence. It is a fact that fewer than 20% of coins sent to be graded reach the MS-70 classification standards. This limits the maximum number of sets with the designation of "Perfect" to not more than 1,815 complete, perfect sets of $50 Gold Buffalo Coins (2006 - 2011) worldwide. Now factor in the fact that many of these 2008 Gold Buffalo $50 coins that are sold as single coins and will never be placed into sets, limiting even further the number of sets in existence. Additionally, 4 of these coins were minted in the first strike of each year's mintage, adding to the exclusivity of this particular collection. This is truly a collector set that has all the hallmarks of a great investment:
This purchase includes one of each Uncirculated $50 Gold Buffalo Coins from each year of issuance. Issued by the US Mint in 2006 through 2011 and MS-70 (Certified by NGC)
2006 Uncirculated $50 Gold Buffalo (1 ounce) Graded MS-70 FIRST STRIKE of the FIRST YEAR of ISSUANCE Certification #1552692-186
2007 Uncirculated $50 Gold Buffalo (1 ounce) Graded MS-70 Certification #3198827-025
2008 Uncirculated $50 Gold Buffalo (1 ounce) Graded MS-70 Certification #3254255-013
2009 Uncirculated $50 Gold Buffalo (1 ounce) Graded MS-70 Certified: EARLY RELEASE Certification #3367514-083
2010 Uncirculated $50 Gold Buffalo (1 ounce) Graded MS-70 Certified: EARLY RELEASE Certification #1213971-025
2011 Uncirculated $50 Gold Buffalo (1 ounce) Graded MS-70 Certified: EARLY RELEASE Certification #3490555-060
2006-2011 Uncirculated Gold Buffalo $50 Coin Set (NGC MS-70) / Item #GC1041 / SOLD Feedback from the buyer of this US Gold Set: "Keep me posted if you sell more coin sets!" - Jonathan from Illinois
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Please contact us at your convenience: michael@purecowboy.us or sarah@purecowboy.us Members: National Bit, Spur & Saddle Collector's Association The American West is celebrated and collected by people all over the world -- we offer easy international shipping, by either the US Postal Service, UPS, Federal Express or Container. Pure Cowboy, 1770 West State Street, # 315, Boise, Idaho 83702 208.342.5019 or toll free: 888.575.1890 All items sold by Pure Cowboy are for decorative purposes only. All other uses are exclusively the buyer's responsibility Copyright © 2008-2014 Pure Cowboy |