Description
Metal Content: 1 troy oz
Purity: .9999
Thickness: 2.95 mm
Diameter: 32.7 mm
The American Gold Buffalo is a highly sought-after gold bullion coin that boasts a rich history and unique design. First minted in 2006 by the United States Mint, the Gold Buffalo was introduced as a response to the growing demand for a 24-karat (99.99% pure) gold coin. This coin was the first of its kind produced by the U.S. Mint, setting it apart from the popular American Gold Eagle, which has a purity of 22-karat gold (91.67% pure).
The design of the American Gold Buffalo is inspired by the iconic Buffalo nickel, a five-cent coin that was minted from 1913 to 1938. The original Buffalo nickel design was created by the famous sculptor James Earle Fraser, who drew upon his experiences and memories of the American West to capture its essence in the coin. The obverse of the Gold Buffalo features a detailed portrait of a Native American, while the reverse showcases the majestic American buffalo, also known as the bison. The design pays homage to the nation’s history and celebrates the beauty and power of the American landscape and its people.
The American Gold Buffalo is unique for several reasons:
-
Purity: As the first 24-karat gold coin minted by the United States, the Gold Buffalo holds a special place in the hearts of collectors and investors. Its high gold content makes it an attractive option for those seeking to invest in gold of exceptional purity.
-
Design: The Gold Buffalo’s design, inspired by the classic Buffalo nickel, is a tribute to the American West and its rich history. The coin’s striking imagery captures the essence of the nation’s past, making it an appealing choice for collectors and history enthusiasts.
-
Mintage: The U.S. Mint typically produces a limited number of Gold Buffalo coins each year, adding an element of scarcity to their allure. This limited mintage can increase the coin’s value and desirability among collectors and investors.
-
Legal Tender: The American Gold Buffalo is considered legal tender in the United States, with a face value of $50. Although the coin’s gold content far exceeds its face value, this aspect adds an extra layer of security and recognition to the bullion.
-
IRA Eligibility: The American Gold Buffalo is eligible for inclusion in Individual Retirement Accounts (IRAs), making it a popular choice for investors seeking to diversify their retirement portfolios with a tangible and valuable asset.
