2009 $50 Proof 70 Gold American Buffalo

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About the coin:

The 2009 Gold American Buffalo bullion coin was offered by the United States Mint after a long delay and some rumors that the coin would not be issued at all. Once it was finally offered for sale, the coins sold extremely fast.

The US Mint has offered the one ounce 24 karat Gold American Buffalo bullion coin each year since 2006. In late 2008, the Mint began to experience problems keeping up with the demand for this and other bullion coin offerings. In response, the US Mint decided to focus production on one ounce 22 karat Gold American Eagle bullion coins and temporarily suspend 24 karat Gold American Buffalo coins.

The suspension persisted into the year until a well known coin publication wrote that the US Mint would not be offering the coins during 2009. The US Mint quickly retracted previous statements and stated that they were legally required by the United States Congress to produce Gold American Buffalo bullion coins.

The 2009 Gold American Buffalo bullion coins were finally offered starting on October 15, 2009. From the start, the pace of sales was extremely strong due to pent up demand for the offering. By December 4, 2009, the US Mint had sold out of their entire inventory of coins and stated that no additional coins would be produced for the year. In less than two months, a total of 200,000 coins had been sold (mostly bullion), representing the second highest annual total for the series.

Separately, the US Mint offered the 2009 Proof Gold American Buffalo with sales beginning on October 29, 2009.

Original Total Mintage Summary:

There were 44,889 Gold American Buffalo Proofs minted in 2009.

NGC Certified Population Summary:

A total of only 4,968 Gold American Buffalo Proofs from 2009 had been certified by NGC in Proof 70 condition.

Key World Events for 2009:

January 20:

Barack Obama is inaugurated as the 44th, and first African American, President of the United States.

January 26:

The Icelandic government and banking system collapse; Prime Minister Geir Haarde immediately resigns.

March 4:

The International Criminal Court (ICC) issues an arrest warrant for Sudanese President Omar Hassan al-Bashir for war crimes and crimes against humanity in Darfur. Al-Bashir is the first sitting head of state to be indicted by the ICC since its establishment in 2002.

May 25:

North Korea announces that it has conducted a second successful nuclear test in the province of North Hamgyong. The United Nations Security Council condemns the reported test.

June 1:

Air France Flight 447, en route from Rio de Janeiro, Brazil to Paris, crashes into the Atlantic Ocean, killing all 228 on board.

June 11:

The outbreak of the H1N1 influenza strain, commonly referred to as "swine flu", is deemed a global pandemic, becoming the first condition since the Hong Kong flu of 1967–1968 to receive this designation.

July 1:

Sweden assumes the presidency of the European Union.

September 25:

At the G-20 Pittsburgh summit, world leaders announce that the G-20 will assume greater leverage over the world economy, replacing the role of the G-8, in an effort to prevent another financial crisis like that in 2008.

October 2:

The International Olympic Committee awards the 2016 Summer Olympics to Rio de Janeiro.

November 27:

Dubai requests a debt deferment following its massive renovation and development projects, as well as the late 2000s economic crisis. The announcement causes global stock markets to drop.

December 1:

The Treaty of Lisbon comes into force in the European Union.

Act now to secure your historic 2009 Proof Gold American Buffalo!

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