American Buffalo Gold Bullion
The American Buffalo, also recognized as a Gold Buffalo, is a 24-karat gold bullion coin first offered up for sale by the U.S. Mint on June 22, 2006. This was the first time ever that the U.S. government has minted pure (.9999) 24-karat gold coins for the public[1]. Whether you purchase gold coins for income or as a hobby it still holds a certain part of history within it’s design. The most recent design for the American Buffalo gold coins have been designed by noted American sculptor James Earle Fraser, who was at one time a student of Augustus Saint-Gaudens, designer of America’s nickel 5 cent coin. That popular coin, recognized as the Indian Head, or Buffalo, nickel was presented in 1913 and showcases the native beauty of the American West. American Buffalo Gold Bullion Coins will be available at numerous coin and precious metals dealers as well as numerous brokerage houses and participating banks. Pricing for precious metal investment coins generally depends upon the market price of the metal.
When you purchase American Buffalo 24-Karat Gold Bullion coins, content and purity are guaranteed by the U.S. government. American Buffalo Gold Bullion is recognized as America’s official investment-grade gold bullion and also is accepted worldwide in major investment markets. This coin is a great investment and addition to anyones collection. American Eagle Bullion Coins are also a very popular and great investment coin.
The American Buffalo coin is typically priced at the daily (or spot) price of gold bullion, plus about a 4 to 5 percent markup. Each American Buffalo coin bears 1 Troy oz. of gold (31.1035 grams), and has the weight of 1.0001 Troy oz. (31.108 grams). The diameter of the Buffalo is 1.287 in. (32.70mm) and a thickness of 0.116 in. (2.95mm), making it the same approximate size as the U.S. half dollar coin.
The history of American gold Buffalo coin dated back to 1913, when the notable Buffalo Nickel was created for the first time in history. Created in 1913 to 1938, the Buffalo Nickel features an Indian chief on the obverse side, and a American Bison, not a Buffalo as typically believed, standing on a mound of dirt on the other side.
Proof gold Buffalo coins are struck multiple times with a specially polished die to create an effect that highly elaborate images appear to float above the field of the coin. Uncirculated Buffalo coins are struck with a satiny finish and flashy appearance instead. The 1 oz Buffalo gold coins appear in two variations, proof and uncirculated. The 2008 Gold Buffalo coins had comparatively small mintages when compared to prior years.