Mint Cancels 2009 Uncirculated $50 Gold Buffaloes

The U.S. Mint will cease production of 2009 uncirculated $50 American Buffalo coins in 2009.

Since 2006, uncirculated $50 buffalo coins have been offered to a select group of authorized dealers. These authorized dealers then offer the coins to investors and collectors worldwide.

In 2008, the Mint also offered bullion uncirculated and proof $5, $10 and $25 fractional gold buffaloes. The mintages for many of the fractional gold buffalo coins proved to be very low compared to one ounce gold buffalo coin mintages.

Despite the low mintages, the Mint was unable to allocate gold bullion reserves and was forced to eliminate many of their silver, gold and platinum products. The Gold Buffalo series was widely affected by this challenge. Therefore, fractional gold buffalo coins were produced for just one year.

The U.S. Mint has also been offering $50 Proof Gold buffalo coins since 2006 and will continue to do so in 2009. As of this writing, no release date has been scheduled yet for 2009 $50 Proof Gold Buffaloes