Thinking of adding American buffalo coins to your collection? Since they were first made public way back in 2006, American buffalo coins have been a top choice for collectors and investors alike. And it’s not hard to see why not.
Among other things, these coins are the first-ever 24-karat gold coins produced by the US government. That’s right; they are minted by the U.S. Mint at West Point in New York. They also have a classic design, are highly pure, and command a good price in the market.
With that said, here is everything you need to know about American gold buffalo coins as a collector:
What Is the History of the American Gold Coins?
The American buffalo coins were introduced to cater to the rising demand for gold bullion coins at the turn of the 21st century. Then, the 22-karat American gold eagle achieved unprecedented success, prompting the US Mint to create a coin with a higher gold purity to draw in more people to the buffalo.
Eventually, 2005’s Presidential $1 Coin Act would be enacted, allowing for the first 24k gold coin to be created, albeit in a limited amount of 300,000 units of both proof and bullion coins.
Fast forward to the present, the American buffalo coin is minted in various sizes: 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz.
How Pure Is the American Buffalo Gold Coin?
The buffalo coin is made of .9999 fine gold. In other words, it is 99.99% pure. Many collectors and investors often prefer 99.99% pure gold to meet their bullion needs.
What About the Design?
The American buffalo coin’s design is a tweaked version of the Indian Head nickel (Type 1), issued in early 1913 designed by James Fraser.
On the obverse, this coin bears a Native American man’s profile, carefully crafted by combining the features of three prominent Native American chiefs: Big Tree, Iron Tail, and Two Moons. The man is adorned with feathers in his hair and faces right. Moreover, the words “LIBERTY” and the year of minting are elegantly inscribed on the coin’s obverse.
On the reverse, this coin features an image of an American buffalo. It is standing on a mound of dirt, with the words “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM” (which means “Out of many, one” in Latin), “IN GOD WE TRUST,” and the coin’s denomination.
What Is the Value of the American Buffalo Coin?
The 1 oz Gold American Buffalo has a face value of $50. Even so, its value is not based on the amount imprinted but on the current market price of gold. Essentially, this coin’s value is derived from its weight in gold, which is higher than its imprinted monetary denomination considering real-time gold spot price. Not to forget, this coin’s value also factors in the premium charged by dealers.
Diversify Your Collection Portfolio with Gold Buffalo Coins
Want to add some valuable gold coins to your collection? American buffalo coins might just be the perfect asset, whether you just want to build your collection or make a profit in the future. That said, make sure you get your buffalo coins from a reliable provider today!