Click on the image to enlarge it

About the coins:

For 2008, the United States Mint expanded the offerings for Gold American Buffalo coins. In prior years, the proof version of the coin was only offered only in the one ounce size. The 2008 Proof Gold Buffalo was available in three additional fractional sizes. This expanded the scope of the Gold American Buffalo program to be similar in nature to the Gold American Eagle program.

Sales of the 2008 Proof Gold Buffalo coins began on July 22, 2008. Coins were intended to be minted to customer demand and there were no ordering limitations in place. The full product line included $50 face value one ounce coins, $25 face value one-half ounce coins, $10 face value one-quarter ounce coins, $5 face value one-tenth ounce coins, and the Four Coin Set containing one of each denomination.

When the coins were initially offered for sale, the prices were determined based on a very high price of gold. While the price of gold declined slightly through the year, the prices of the coins were not adjusted - as strong demand resulted in high premiums. The US Mint announced in late 2008 that they would be discontinuing a large number of products. This included the newly established fractional Gold Buffalo coins in proof condition. This made the fractional proof versions sold during 2008 a one year only issue. The pace of sales following the discontinuation announcement increased, and the products sold out shortly thereafter.

If you wish to get one of the four coin sets into your portfolio, you’ve come to the right place. Give us a call and we’ll secure one from our vaults specifically for your portfolio.

Original Total Mintage Summary:

In Uncirculated (W) Proof Condition, the following mintages were achieved for each denomination of the coin in 2008:

$50 Face Value (one ounce): 9,074
$25 Face Value (half ounce): 16,908
$10 Face Value (quarter ounce): 9,949
$5 Face Value (tenth ounce): 17,429

NGC Certified Population Summary:

A total of only 1,124 four coin Gold Buffalo Proof sets from 2008 had been certified by NGC in Proof 70 condition.

Key World Events for 2008:

January 1:

The countries of Cyprus and Malta adopt the euro.

January 2:

The price of petroleum hits $100 per barrel for the first time.

January 21:

Stock markets around the world plunge amid growing fears of a U.S. recession, fueled by the 2007 subprime mortgage crisis.

February 5:

U.S. stock market indices plunge more than 3% after a report shows signs of economic recession in the service sector. The S&P 500 fall 3.2%, The Dow Jones Industrial Average 370 points.

February 20:

The United States Navy destroys a spy satellite containing toxic fuel, by shooting it down with a missile launched from the USS Lake Erie in the Pacific Ocean.

April 28:

India sets a world record by sending 10 satellites into orbit in a single launch.

May 12:

Over 69,000 are killed in central south-west China by the Wenchuan quake, an earthquake measuring 7.9 Moment magnitude scale. The epicenter is 90 kilometers (55 miles) west-northwest of the provincial capital Chengdu, Sichuan province.

June 27:

After three decades as the Chairman of Microsoft Corporation, Bill Gates steps down from daily duties to concentrate on philanthropy.

August 8:

The 2008 Summer Olympics begin in Beijing, China.

September 1:

Hurricane Ike makes landfall on Texas as Category 2 and kills 27 in the United States, after killing four in Cuba, one in the Dominican Republic, and 75 in Haiti.

September 15:

Lehman Brothers files for Chapter 11 bankruptcy protection, laying the catalyst for the Global financial crisis.

October 3:

Global financial crisis: U.S. President George W. Bush signs the revised Emergency Economic Stabilization Act into law, creating a 700 billion dollar Treasury fund to purchase failing bank assets.

October 29:

Delta Air Lines merges with Northwest Airlines, forming the world's largest commercial carrier.

November 4:

Barack Obama is elected the 44th President of the United States, and Joe Biden is elected the 47th Vice President. Barack Obama becomes the first African-American to be elected to the office of President of the United States.

Act now to secure your historic Proof Gold American Buffalo Set!

1-800-775-3504