Value of American Buffalo gold coin

Written by admin on October 28, 2009 – 3:08 pm -

First offered for sale in June of 2006, the American Buffalo gold coin was the first 24-karat gold bullion coin to be offered for sale by the United States Mint. This coin is also known as the “gold buffalo”, which gained this nickname due to the image of the American Bison on the reverse side of the coin.

The American Gold Buffalo coin has an image of an Indian head on the front side. This is the first time in history that the United States government minted a pure gold coin which was available to the general public. The face value of the American Gold Buffalo coin is $50, but is much greater for a proof coin.

A proof coin is an early sample of the issue of a coin. In 2006, the proof coin value of an American Gold Buffalo coin was $800. In 2007 the value went up to $899.95, with the present value now being around $950 for an American Gold Buffalo proof coin. There were only 300,000 of these coins produced, and there was also a limit of 10 per household strictly enforced as well. The question is, how do you know the difference between a proof coin and a regular coin?

For the American Gold Buffalo coin, a proof coin is distinguished by a “W” on the front of the coin. You will find the “W” behind the neck of the Indian. The bullion version will not have this “W” on it, so be sure to check this first if you are interested in acquiring a proof coin of the American Gold Buffalo.

While these coins were only available as a one ounce gold coin, in 2008 smaller versions of these coins were issued. There now included a 1/10 of an ounce coin for $5, a 1/4 ounce for $10, and a 1/2 ounce version for $25. Sales of the American Buffalo coins were halted in September of 2008 as the U.S. Mint had trouble keeping up with the increasing demand of these coins.

While the face value of this gold bullion coin may only be $50, obtaining a proof coin is worth over 10 times that. Being lucky enough to have the available limit of ten per household could prove to be a nice investment for the future.

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Types of American Buffalo Gold Coin

Written by admin on February 20, 2009 – 9:42 pm -

The first American Buffalo gold coin was issued by the US Mint in June 2006 under the 2005 Presidential $1 Coin Act. It was America’s first 24-karat pure gold coin with 0.9999 fineness. In the past, investors who want 99.99% pure gold, had to purchase foreign 24-karat gold coins. The available purest US gold Bullion coins back then were standard American gold Eagles with 0.9167 fineness gold content. The 2006 American gold Buffalo coin was an immediate success. Over 300,000 coins sold out in the year of 2006, comparing to the total sales of 201,500 American Gold Eagles, the world’s best selling gold bullion. The US Mint continued producing the American gold Buffalo coins in 2007 and 2008.

With a legal tender value of $50 US dollars, American Buffalo Gold Coin features almost the same design of the famous Buffalo Nickel from 1913 to 1938. Designed by the renowned American Sculptor James Earle Fraser, Buffalo gold coin portrays a Native American chief in the obverse side. The reverse side features an American bison on a mound of dirt, which is believed to be “Black Diamond,” a popular Bison of New York’s Bronx Zoo. Each coin is inscribed with “$50”, “1 OZ. .9999 Fine Gold,” “Liberty,” “E Pluribus Unum,” and “In God We Trust.”

The 2006 and 2007 Buffalo gold coins have only been issued in 1 oz version. The US Mint also produces a proof version of American Buffalo gold coin, which features a very sharp degree of detail and mirror like surface after being struck multiple times. The US Mint issued 3 fractional sizes of Buffalo gold coin in 2008 besides the regular 1 oz American Buffalo gold coin, including 1/2 oz ($25 face value), 1/4 oz ($10 face value) and 1/10 oz ($5 face value) sizes. All American Buffalo gold coins are struck at the US Mint in West Point, NY. Only the proof version of the Buffalo gold coin bears the mint mark “W” on the obverse; the bullion version does not have the “W” mark.

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American Buffalo Gold Coin

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