Gold coins are one of the most valuable forms of investment in precious metals that you can make. The 1 oz American Buffalo Gold Coin has been produced every year since 2006 after the authorization by Congress in early 2002 under Public Law 107-212 by the U.S. Mint as its official 24-karat gold bullion coin. This means that each of these gold coins contains 1 troy ounce of .9999 fine gold and weighs about 31.1 grams(about 1 troy ounce).
The American Buffalo Gold Coin comes in four different sizes each having its own unique face value, but all are produced with their stated amount of pure 24 karat gold content. It carries legal tender status like other U.S bullion coins(which means your bank will recognize it as payment for debts).
The 1 ounce American Buffalo Gold coin is minted at the U.S. Mint’s facility in West Point, New York, and contains 99.99% pure gold(24 karats) gold. It has a face value of $50 USD and is typically bought and sold based on market price rather than the face value. In the first year of production, 2006, the American Buffalo gold coin was minted in quantities of 5,00,000 coins; however, this figure was increased dramatically since then to record levels and is expected to continue growing.
While they are plentiful, they are also a beautiful coins for a collector to own as well. The year of mintage may vary depending on the availability of the coin on our inventory.
Design of 1 oz American Buffalo Gold Coin(Random Year)
The obverse side of 1 oz American Buffalo gold coin features James Earle Fraser’s iconic design known as “Buffalo Head Nickel”, which was originally used on Indian Head or Buffalo Nickel from 1913 to 1938. The image shows a Native American chief wearing a traditional featured headdress. He is facing right with his hair done up in braids. The Noble Native American on the obverse is believed to be an aggregate based upon the chiefs of differing tribes: Two Moons of the Cheyenne, Big Tree of the Kiowa, and Iron Tail of the Lakota Sioux. The year of mintage and word “LIBERTY” is inscribed on the obverse of this coin.
The reverse shows a majestic American Buffalo, the designs are based on Black diamond, a 1560-pound bison that lived at New York City’s Central Park Zoo in the early 20th century. Initially, the Bison with head lowered as if ready to charge; but no curl or tail visible while standing on plain ground was featured. It was only in the later design stages that the buffalo was given a tail and a three-quarter turn to face right onto the coin’s reverse. “UNITED STATES OF AMERICA” arches across the top of the design, while “E PLURIBUS UNUM”, “In GOD WE Trust” and “$50 1 OZ. FINE Gold” arcs along its bottom edge.
Main Highlights of 1 oz American Buffalo Gold Coin
- Contains 1 troy oz of .9999 pure gold.
- Produced by the US Mint.
- Eligible for Precious Metal IRAs.
- Bears a face value of USD $50 backed by the federal government.
- Features the noble Native American on the obverse.
- Features the American Bison that once lived at Central Park Zoo at New York on the reverse.
Product Specifications: 1 oz American Gold Buffalo Coin
|Weight||1 troy oz|