American Buffalo Gold Coin

First released by the United States Mint in 2006, the American Buffalo gold coin is the only 24-karat coin offered by the U.S. Mint. It features designs inspired by James Earle Fraser’s famous Indian Head nickel. 

Whether you’re looking for an ideal long-term investment or something beautiful and unique to add to your collection, the American Buffalo gold coin is a must-have.

Gold American Buffalos History

The first official US gold coins were struck in 1795, but it wasn’t until 1837 that the US Mint moved away from the 22-karat crown gold alloy and began striking coins with a .900 purity. This continued for over 150 years until 1986, when the US Mint released its first 22-karat gold coin, the American Gold Eagle. 

The introduction of the American Gold Buffalo in 2006 after passing the Presidential $1 Coin Act of 2005 was a significant milestone in the history of gold collection. It marked the first time that the US government produced a 24-karat gold bullion coin, and it quickly became one of the most popular coins among collectors and investors alike. 

Over time, the gold buffalo has become a symbol of prestige and status, with many investors opting to add it to their portfolios as a long-term investment. The coin has gained immense value over the years, making it one of the most profitable investments in precious metals. 

About The American Buffalo Gold Coin

The American Buffalo gold coin is made of .9999 fine gold, which is 99.99% pure. The coin has a face value of $50, but the current market price of gold determines its price. The American Buffalo Gold coin was inspired by the iconic Buffalo Nickel minted from 1913 to 1938. It also has similar specifications to the original buffalo nickel, with a diameter of 1.287 inches and a weight of one ounce.

The Design Of American Buffalo Gold Coin

The American Buffalo gold coin’s design is a testament to America’s beauty and history. The coin features a classic image based on the iconic Buffalo Nickel, first minted in 1913. It was designed by James Earle Fraser, a sculptor and artist who drew inspiration from the American West and Native American culture. 

On the obverse of the coin is a profile of a Native American man, created by combining images of three real-life chiefs from different tribes: Big Tree, Iron Tail, and Two Moons. The man is depicted with feathers in his hair and facing to the right. Inscribed on this side are the words “LIBERTY” and the year.

On the reverse of the coin is an image of an American buffalo standing on a mound of dirt. This side is inscribed with the words “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM” (which means “Out of many, one” in Latin), “IN GOD WE TRUST,” and the coin’s denomination.

Mintage Figures for the American Gold Buffalo Coins

Mintage figures for the American Gold Buffalo have remained relatively stable since its introduction in 2006. That year, 337,012 coins were sold to collectors and investors, quickly becoming one of gold enthusiasts’ most popular investment options. Since then, mintage has generally stayed between 100,000 and 200,000 coins yearly. 

The lowest point occurred in 2012 when only 100,000 coins were sold. This was likely due to the then-current economic climate and increased demand for other precious metals. However, since 2013, mintage figures have steadily risen from year to year. 

The 10th anniversary of the American Gold Buffalo saw an especially high increase in sales; 30,000 coins were sold in January 2016 alone. As the coin continues gaining recognition for its prestige, mintage figures are increasing in the years ahead. 

Unique American Gold Buffalo Reverse Proof

In 2013, the US Mint released a special edition American Gold Buffalo reverse proof to commemorate the 100th anniversary of Fraser’s original Buffalo Nickel concept. This unique coin features a deeply mirrored, clear finish with a strong, frosted matte background field.

The reverse proof adds value and appeal to the American Gold Buffalo series. It is an incredibly valuable and sought-after collectible and allows investors to invest in a unique piece of American history. Additionally, the reverse proof has increased the popularity and value of the coin even more, as it is now even more desirable for gold enthusiasts.

2008, the American Gold Buffalo Coins had a unique striking of fractional weights. These coins, which included 1/10 oz and ½ oz options, were struck with a distinct finish similar to proof coins. 

Many of this release’s 2008-W Burnished American Gold Buffalo Coins are considered unique Specimen Proof 70 coins. Such specimens feature full original mint luster, no detracting flaws, and are highly valued by collectors.

Certified American Gold Buffalo Coins

Specifically, the NGC and PCGS are two of the world’s preeminent authorities that provide professional coin grading service on coin certification that can add inherent value to these coins before purchase. Sheldon Scale is the universal system used to grade coins and can help prospective buyers assess the condition of a coin before purchase. 

The Sheldon Scale rates coins from 1-70, with 70 being flawless and perfect. In this respect, it’s possible to purchase the American Gold Buffalo Coin in Mint State-70 (MS70) condition, which would contain zero imperfections and represent the coins as the engraver and mint intended.

Proof coins, usually struck from a specially prepared coin die on a planchet, can also be purchased. These types of coins feature full original mint luster and no detracting flaws. 

Meanwhile, Specimen coins are a hybrid between MintState and Proof. It’s worth noting that coins with the Deep Cameo or Ultra-cameo designation are highly sought after for their stunning outlook, as they feature a frosted finish on the design set with a contrasting, deeply mirrored, clear background field. 

Benefits of Buying American Gold Buffalo Coins

The American Gold Buffalo is a highly sought-after asset for many coin collectors and investors due to its unique design, prestigious background, and pure gold content. Here are some of the reasons why you should consider purchasing this one-of-a-kind coin: 

• It’s the first 24karat denomination coin ever produced in the United States, making it a unique collectible. 

• It contains one troy ounce of .9999 pure gold, which makes it an incredibly valuable asset to invest in. 

• It’s available in both bullion and proof versions for collectors looking for a specific finish. 

• The Proof versions come with an official Certificate of Authenticity from the US Mint, adding even more value to these coins. 

• American Gold Buffalo Coins are eligible for Precious Metals IRA accounts, making them an attractive option for secure retirement investments. 

• Lastly, their value will surely increase as their demand from collectors and investors grows. 

How to Buy American Buffalo Gold Coins

The best way to purchase American Gold Buffalo Coins is through a reputable precious metal dealer or coin shop. Please research the company you’re considering buying from, and make sure their coins are certified by either PCGS or NGC before making any purchases. 

Additionally, you can buy these coins online from various vendors. Some websites may charge additional shipping, handling, and insurance fees. It’s important to read all the terms and conditions before purchasing to get the best deal possible on American Gold Buffalo Coins. 

Finally, it’s always a good idea to speak with an experienced coin dealer or financial advisor who can advise which coins are best suited for your needs. 

FAQs

How much gold is in a Gold Buffalo?

The American Gold Buffalo contains one troy ounce of .9999 fine gold.

Where can I buy American Buffalo Gold Coins?

You can purchase American Gold Buffalo coins from reputable precious metal dealers and coin shops. You can also purchase them online. 

What is the origin of the design of American Gold Buffalo Coins?

The design on the reverse of the American buffalo coins is based on James Earle Fraser’s iconic “Buffalo Nickel,” which was first minted in 1913. It’s believed that Black Diamond, an American bison of New York City’s Central Park Zoo, inspired Fraser’s buffalo design, which features on the reverse of the Buffalo Nickel and the modern American Gold Buffalo. 

Conclusion

The American Buffalo Gold Coin is a beautiful and valuable collectible that’s been sought after by both collectors and investors for decades. It is the first 24-karat gold denomination coin ever produced in the United States and contains one troy ounce of .9999 fine gold, making it an attractive asset to invest in. The coin comes in both bullion coins and proof versions, with several certification options adding value. 

Before you purchase American Gold Buffalo Coins, it’s important to research and ensure the coins have been certified by NGC or PCGS. It’s also a good idea to speak with an experienced coin dealer or financial advisor who can advise which coins are best suited for your needs. 

With all that said, investing in this one-of-a-kind American Buffalo Gold Coin could be the perfect way to diversify your portfolio and add a unique piece of history to your collection.