American Gold Buffalo, distinguishing from previous American Gold coinage with traditional 22 Karat, is the first pure 24 Karat gold bullion coin produced by the United Stated Mint. Since it is the unique 24 karat gold coin, and enjoys a high degree of investment liquidity, the collectors and investors prefer for purchasing.
Coin name :American Gold Buffalo
Composition :99.99% Au
Gold fineness :24K
Years of minting :2006–present
Face Value :US$50
Size Specification :1 oz
Diameter :32.7 mm
The American gold Buffalo was first provided for sale by the U.S. Mint on June 22, 2006 and more than 300,000 of the coins were minted and sold that year. This was the first pure coin (24K gold) minted for the public, used to compete with foreign 24 karat gold bullion coins. In 2006 and 2007, the coin only was been issued in a one-ounce version, but in 2008, 1/2 oz, 1/4 oz and 1/10 oz coins were minted respectively with face value of $25, $10 and $5.
The design of the American Buffalo coin is a modified version of Indian Head nickel, initially designed by James Earle Fraser. The obverse side is a Native American designed based on three Indian tribes - Big Tree, Iron Tail, and Two Moons. The reverse side is the silhouette of an American bison standing in profile designed by Fraser. It is commonly thought that the buffalo was modeled after "Black Diamond" lived in the New York City Zoological Gardens during the 1910s. In additional, each coin is inscribed with the gold content, face value and weight on the reverse.
The American Buffalo coin is the first pure gold coin minted by the United States mint. It has a legal tender (face) value of US$50. However, the face value is not the actual market value which is according to the gold spot price of current market plus a premium per coin. Since the Buffalo coin is extremely popular and the gold price is tremendous increasing, the coin's market value has increased considerably in a short time of just a few years. The United Stated Mint price of proof coin was $800 in 2006 increased to $2,010.00 in 2011.
The gold content of each American Buffalo Coin is exactly one troy ounce, equal to 31.1035 grams. Its diameter is 32.7mm, and thickness is 2.95mm, equivalent the size of a U.S. half dollar coin. By law, the gold material sources of Gold Buffalo must come from American. The United States government guarantees the quality of gold buffalo coins. Below lists detailed information about the coin:
|American Gold Buffalo|
|GOLD CONTENT||99.99% gold|
|TOTAL WEIGHT||1.0001 oz|
|GOLD FINENESS||24 Karat|