Authorized under the Presidential $1 Coin Act of 2005, the American Gold Buffalo Coin became the second ever bullion coin created in the United States. It was first introduced in 2006 as the only American 24-karat gold coin, which helped to make it an instant success. Soon after its release, other world mints started creating new coins to compete with this hugely popular gold offering from the U.S. Mint.
When it comes to looks, the American Gold Buffalo Coin is simply stunning and spotlights the iconic 1913 Buffalo Nickel design from James Earle Fraser. There is an image of a Native American on the obverse of the coin, which is said to be a combination of features from three different well-known chiefs including Two Moons, Big Tree and Iron Tail. Just like the Buffalo Nickel, the word Liberty can be seen above the Indian head.
The reverse of the coin depicts a buffalo who is believed to be Black Diamond, an American bison who lived in New York City’s Central Park Zoo in the 1900s. Inscriptions can also be found on the reverse, such as E Pluribus Unum and In God We Trust.
Demand for American Gold Buffalo Coin has always been high since its initial release in 2006, especially as its purity and content are guaranteed by the U.S. Government.
It wasn’t until June 22, 2006 that the United States Mint offered the public their first pure .9999 24-karat coins, the American Gold Buffalo Coins. It has been said that these beautiful coins were created to boost public demand for one dollar coins after the failure of the Sacagawea coin. In addition to the one dollar coin, the Presidential $1 Coin Act authorized the mintage of a fifty dollar bullion coin, the American Gold Buffalo to compete with the 24-karat coins offered by other world mints.
With a production limit of 300,000 and a limit of only ten coins per household, the 2006 proof version of the American Gold Buffalo quickly became a sought-after coin. However, in 2008, fractional-weight American Gold Buffalos were minted. The various weights and different face values of these later versions include:
2008 was also the year when the U.S. Mint offered an uncirculated version of the American Gold Buffalo Coin. Five years later in 2013, a reverse proof version of the coin was released to commemorate the 100th anniversary of the original Buffalo nickel design. Nowadays, the American Gold Buffalo Coin is typically struck annually in proof and bullion versions.
Each American Gold Buffalo Coin is legal tender in the United States and has a purity of .9999 gold and a face value of $50. As previously mentioned, the U.S. mint also produced fractional ounce coins of 1/10, 1/4 and 1/2, which have face values of $5, $10 and $25 respectively. By law, the gold contained in each coin must be derived from newly mined domestic sources and the weight, purity and content guaranteed by the United States Government.
American Gold Buffalo Coins were the first 24-karat fine gold coins to come from the U.S. Mint, making them a first in American gold coin history. Many investors and collectors prefer the 99.99% pure gold nature of the American Gold Buffalo Coins over the 91.67% gold found in American Gold Eagle Coins.
Investing in American Gold Buffalo Coins continues to provide investors with protection, liquidity and security, just as you would expect from a world-class gold coin. Plus, the high level of purity and gold content found in these coins are backed by a government guarantee, making them excellent stores of value. Additionally, these history-rich coins are suitable for an Individual Retirement Account (IRA) investment. Due to their high karat composition, American Gold Buffalo Coins are an intelligent investment choice for any beginner or expert investor.
American Gold Buffalo Coins are also highly prized by coin collectors across the globe. The proof coins from the U.S. Gold Buffalo series are particularly favored by coin enthusiasts and typically command very high prices. Having said that, all variations of the American Gold Buffalo Coin are sought-after because each coin holds a piece of history and represents charming works of art.
If you’re interested in investing in gold or looking to enhance your coin collection, you can find American Gold Buffalo Coins in a variety of sizes at Capital Gold Group. Feel free to browse our online catalog full of fantastic investment options and the most collectable gold coins.