American Buffalo 24-Karat Gold Coins Guide

Written by admin on October 24, 2009 – 6:37 pm -

Production the American Buffalo 24-karat gold coins were authorized by Public Law 109-145, dated December 22, 2005, also known as the Presidential $1 Coin Act.

The American Buffalo Gold coin's obverse and reverse designs feature images originally prepared by noted American sculptor James Earle Fraser, once a student of Augustus Saint-Gaudens, for America's 5-cent coin (nickel).

That popular coin, known as the Indian Head, or Buffalo, nickel was introduced in 1913 and showcases the native beauty of the American West.

The Native American depiction on the coins obverse is believed to be based on three different American Indians. Two of the American Indians who modeled for Fraser as he sculpted the coin were named by the designer before his death. They were known as Chief Iron Tail of the Lakota Sioux and Chief Two Moons of the Cheyenne. Although many have claimed to have had a sitting with Fraser for this design, he could not recall the name of the third person and satisfactory documentation has not yet been found to identify that individual. It is widely believed that the bison on the coins reverse was modeled after Black Diamond, a popular attraction at the New York Zoological Gardens.

In the first year of the coin’s issuance, 1913, there were two distinct varieties, the first showing the bison on a mound and the second with the base redesigned to a thinner, straight line. American Buffalo Gold Coins bear the original Fraser Type I design.

United States Mint American Buffalo Gold Bullion Coins

American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint and offered for sale through a network of Authorized Purchasers. These $50 gold coins are available to members of the public seeking a simple and tangible means to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the United States Government.

American Buffalo Gold Bullion Coins are available at many coin and precious metals dealers as well as many brokerage houses and participating banks. Pricing for precious metal investment coins typically depends on the market price of the metal. Click here to locate a dealer.

United States Mint American Buffalo Gold Proof Coins

The United States Mint produces a proof version of these coins for collectors. The term "proof" refers to a specialized minting process that begins by manually feeding burnished coin blanks into presses fitted with special dies. Each coin is struck multiple times so the softly frosted and highly detailed images seem to float above the field.

An official Certificate of Authenticity accompanies each coin. American Buffalo Gold Proof Coins sell at a fixed price and can be purchased directly from the United States Mint.

Product Information

All 24-Karat American Buffalo Gold Coins are struck at the United States Mint at West Point. The 24-Karat American Buffalo Gold Bullion Coins are minted and sold in the same manner as American Eagle Bullion Coins.


United States Mint Sales Totals for American Buffalo Coins

Year 2008 Proof Product Option Total Unit
Sales
Price*
2008 One Ounce Gold Proof 11,060 -
2008 Half Ounce Gold Proof 4,366 -
2008 Quarter Ounce Gold Proof 5,322 -
2008 Tenth Ounce Gold Proof 11,081 -
2008 4 Coin Gold Proof Set 7,803 -
2008 Program Total 39,632


Year 2008 Uncirculated - Product Option Total Unit
Sales
Price*
2008 One Ounce Gold Uncirculated 3,025 -
2008 Half Ounce Gold Uncirculated 3,237 -
2008 Quarter Ounce Gold Uncirculated 3,900 -
2008 Tenth Ounce Gold Uncirculated 11,380 -
2008 4 Coin Gold Uncirculated 6,049 -
2008 8-8-08 Double Prosperity Set Program On each American Eagle & Buffalo Half Ounce 7,622 -
2008 Program Total 35,213
Year 2007 Proof Product Option Total Unit
Sales
Price*
2007 One Ounce Gold Proof 58,998 -
2007 Program Total 58,998
Year 2006 Proof Product Option Total Unit
Sales
Price*
2006 One Ounce Gold Proof 246,267 $800.00
2006 Program Total 246,267

Source: US Mint


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US Mint Total Sales for American Buffalo Gold Coins

Written by admin on April 20, 2009 – 6:43 pm -

2009 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

Month One

( oz. / #coins )

January 0

0

February 0

0

March 0

0

April 0

0

May 0

0

June 0

0

July 0

0

August 0

0

September 0

0

October 116,500

116,500

November 67,500

67,500

December 16,000

16,000

Total 200,000

200,000

2008 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

Month One

( oz. / #coins )

January 21,500

21,500

February 6,000

6,000

March 15,000

15,000

April 13,000

13,000

May 5,500

5,500

June 5,500

5,500

July 9,500

9,500

August 34,500

34,500

September 36,000

36,000

October 0

0

November 25,500

25,500

December 0

0

Total 172,000

172,000

2007 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

Month One

( oz. / #coins )

January 14,000

14,000

February 37,500

37,500

March 28,000

28,000

April 6,500

6,500

May 4,500

4,500

June 5,500

5,500

July 5,500

5,500

August 13,000

13,000

September 8,500

8,500

October 5,000

5,000

November 15,500

15,500

December 24,000

24,000

Total 167,500

167,500

2006 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

Month One

( oz. / #coins )

January 0

0

February 0

0

March 0

0

April 0

0

May 0

0

June 99,500

99,500

July 117,500

117,500

August 22,000

22,000

September 33,500

33,500

October 21,500

21,500

November 10,000

10,000

December 19,000

19,000

Total 323,000

323,000

US Year-Dated Coins Sold for American Buffalo Bullion Coin (2006-Current)

2008 1 ounce Gold 189,50
2007 1 ounce Gold 136,503
2006 1 ounce Gold 337,012

Source: US Mint


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