Featured Coin: The American Gold Buffalo

Table of Contents

The American Buffalo, or the “gold buffalo” in some circles, is a premium bullion coin like some of the others weve talked about here on the site. Made from 24-karat gold, the Buffalo is the United States take on a world-class coin, suggested to sit and trade together with other high-value gold products. Unlike the South African Krugerrand, which has some years under its belt, the American Buffalo was very first minted a short decade earlier, in June of 2006.

Today, we have a look at a newcomer to the party, a relatively young, yet prominent coin thats currently as much a timeless as its older cousins. That coin is the American Buffalo
The American Gold Buffalo.

This would be the very first time the U.S. minted a pure gold (.9999 pureness) coin indicated for the intake of the world market.

Invite to another installment of our Featured Coin series. Here on the blog, we have actually gone over a few of historys most considerable and popular gold coins, ranging from the Krugerrand to the Israeli Shekel.

Style

Theres some fascinating history here. The style, as pointed out, is a modified version of the Indian Nickel Head, which was created by James Earle Fraser. Given that their debut in 1913, small modifications were made, however the coin stayed in print every year in some form up until 1938, with the exception of 1922, 1932, and 1933, when there were short scarcities and no new nickels were minted.

Its style is much older. On the obverse of the coin, youll discover the famous Indian Head style, which has actually remained in use for well over a century on the Indian Head nickel. The reverse of the coin similarly takes inspiration from the old Indian Head nickel, featuring an American Bison.

Frasers style is among the most long-lasting anywhere in the world, which is why it was chosen to represent the United States in the gold coin market. The 2001 Smithsonian commemorative coin includes the same style.

Worth

This model of the coin is still being minted by the U.S., and its value sits gradually ideal around $1510– 4% or so over the spot cost of bullion. This resembles what we see in other high-value gold coins from all over the world.

Do not write those numbers down and stick them in your wallet, though. Theyre most likely to alter, as the American Buffalo has seen some substantial rate modifications in its fairly brief life expectancy.

The coin quickly became more popular than the U.S. mint had actually anticipated– this, coupled with the fact that golds price increased greatly because 2006, have actually seen the worth of the American Buffalo skyrocket.

The stated value of the American Buffalo is $50– but its real expense is much greater, as holds true with most gold coins. The coins weight determines its worth on a (basically) 1:1 scale, so its true value is basically figured out by the spot rate of gold, the schedule of the coin, and the strength of the world economy.

Hypothetically, if you waited another two years, you d have a coin worth $1,410 in 2009, nearly double the initial worth. In 2011, the area price surged for the coin and a time reached an all-time high of $2,010.
American Buffalo Gold Coins

Fractional Values

The appeal of the American Buffalo was so instant that the U.S. Mint started minting fractional variations of the Buffalo to satisfy need. These coins boast various weight, thickness, and size than the initial coins. A breakdown of their private weights can be found below:

The American Buffalo, or the “gold buffalo” in some circles, is a premium bullion coin like some of the others weve talked about here on the website. Made from 24-karat gold, the Buffalo is the United States take on a world-class coin, implied to sit and trade along with other high-value gold products. These coins boast different weight, density, and diameter than the initial coins. If youre planning on investing or owning in Gold Buffalo coins, you ought to beware that there is a strong fake market out there. You may likewise see these coins up for retail from merchants who sell gold New Yorks way– in little carts and stores on the street.

Fractional Value Diameter Thickness Weight
$ 5 (1/10 oz.) 16.5 mm (0.650 in.) 1.19 mm (0.047 in.) 0.10 Troy oz. (3.11 g, 0.109 oz.).
0.25 Troy oz. (7.776 g, 0.274 oz.).
$ 25 (1/2 oz.) 27.0 mm (1.063 in.) 2.24 mm (0.088 in.) 0.503 Troy oz. (15.552 g, 0.5485 oz.).

Think about these coins worthless at the checkout counter. Theyre not legal tender, as theyre produced by a personal business for their own profit. Keep away at all costs!

If youre preparing on investing or owning in Gold Buffalo coins, you need to be careful that there is a strong fake market out there. On TV, you may see Buffalos available from anywhere as low as around $20 approximately. Do not be deceived– those are replicas, and theyre only gold-plated at best.

The U.S. started minting these coins as a reaction to legislation passed in 2005, mandating the production of an official U.S. bullion standard coin. Just 300,000 were slated for minting, though market demand changed that immediately.

Replicas and Buyer Beware.

Conclusion.

The actual production numbers for the American Gold Buffalo can be discovered listed below:.

Year Mintage.
2014 180,500.
2013 198,500.
2012 100,000.
2011 250,000.
2010 209,000.
2009 200,000.
2008 189,500.
2007 136,503.
2006 337,012.

This method isnt inherently bad, as cladding numerous metals together is something we do to produce nearly all our other coins. But when it concerns the American Gold Buffalo, be assured that the knockoffs are simply that. Theyre not bargains, however ripoffs.

This coin is as pure as it gets, and calls the United States house. That ticks a lot of boxes for a lot of folks, as evidenced by the coins popularity.

You may likewise see these coins up for retail from merchants who sell gold New Yorks way– in little carts and shops on the street. As weve suggested in the past, there normally arent any actual offers there. Prevent those too.

Bullion Trading, LLC. has, and continues to buy and offer gold coins New York and the rest of the world love. Reach out to us today to get your own collection began.

Mintage Numbers.

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Terms & Conditions

Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.

In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.

These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.

PURCHASES, SALES, AND ORDERS

The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.

The Ordering Process

BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.

Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.

Inquiries

Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.

For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.

ORDERS

Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.

An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.

Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.

Market Loss Policy Explained

An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.

Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.

The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.

To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.

However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.

PAYMENTS

Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:

  • Orders ranging from $1,000 to $5,500 should be paid via any option listed above and must be received within 2 business days from the time the order was made.
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If Using A Credit Card You Are Agreeing To The Following Terms:

  • I understand and agree that should I dispute the credit card charge through my credit card provider, I will have breached the contract as well as committed a credit card fraud.
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You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.

RISKS

All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.

The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.

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(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.

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ANNULMENT

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