American Gold Buffalo Coins

American Gold Buffalo Coins

Gold Buffalo Coin Prices

Spot gold prices determine the value of American Buffalo Gold coins. Due to a lack of actual gold, prices for Gold Buffalo coins can skyrocket when demand exceeds supply (e.g. 2008 Financial Crisis gold coin shortage). Federal Reserve Notes and .9999 fine gold coins will not compete with each other (most commonly called US dollars). The low legal tender face values of these 24k US gold coins (relative to their precious metal market prices) ensure that these coins are accepted as legal currency in the United States.

How Much is a Gold Buffalo Coin Worth?

As a result of the Presidential $1 Coin Act, only a restricted number of 24K gold coins would be minted. This means that, for some investors, the coin's value could rise above the spot price of gold if it becomes increasingly scarce.

The American Gold Buffalo coin was first offered to the public in a 1-ounce size only in 2006. All US Mint bullion coins are traded actively based on their actual precious metal content and have comparatively high seignories fees than other high-volume government bullion coin products.

The 1-ounce Gold Buffalo Coin has a face value of $50 USD, the same as the 1 oz American Gold Eagle Coin (although all US Mint bullion coins are actively traded based on their precious metal content and seignories price premiums).

The US government and the US Secret Service guarantee the gold content and purity of each Gold Buffalo Coin. Collectible gold coins like the US Gold Buffalo are in high demand both in the United States and abroad. Investors gravitate to gold bullion coins when the economy is unstable in order to protect their money and investment portfolios. If you're looking for a tangible way to invest in gold bullion, these 1 oz American Gold Buffalo Coins are what you need.

The Coin's Background

Front and back side of the American gold buffalo coin

One ounce of .9999 pure 24-karat gold is contained in each American Buffalo Gold Bullion Coin. They are investment-grade coins that the United States government guarantees in terms of their weight, content, and purity. The coin's face value of $50 is mostly symbolic, as the gold it contains has historically had a far higher value. Nevertheless, it remains legal currency.

The gold used in American Buffalo Gold Bullion Coins must be sourced from American mines that have only recently opened for gold mining. Although they are produced at the United States Mint at West Point, New York, they have no indication of where they were made.

In 2006, the United States Mint launched the .9999 pure gold American Gold Buffalo bullion coin, which included James Earle Fraser's classic Buffalo Nickel design. To mark the 10th anniversary of the American Gold Buffalo, which was the US Mint's first coin to include 24-karat gold, they had a celebration in 2016.

William Howard Taft's administration hired James Earle Fraser in 1911 to design a replacement for the Liberty Head design on the US coin. Fraser was born and reared in Winona, Minnesota, in the American Midwest, where he was exposed to the harsh conditions of the Great Plains. He drew inspiration for the Buffalo Nickel design from photographs of himself as a child.

The buffalo design on the reverse of the Buffalo Nickel and the current American Gold Buffalo was inspired by Black Diamond, a Central Park Zoo resident bison.

The right profile of an American Indian served as the dominant design element for the coin's reverse. Rather than depicting a single person, it was based on the facial traits of three Native American leaders. In 1938, he declared that Iron Tail of the Sioux, Big Tree of the Kiowa, and Two Moons of the Cheyenne were the three individuals who had inspired him.

Characteristics of the Coin

Historic American Buffalo Gold Bullion Coin features obverse and reverse designs that have been carefully selected to honor America's numismatic heritage. The Buffalo nickel, often known as the Indian Head nickel, was introduced in 1913 and remained in circulation until 1938, immediately becoming one of the United States' most beloved circulating coins. Fraser's 1913 Type I design is the one selected for this new 24-karat gold bullion coin.

Once again, the coin's front features a Native American picture, while its reverse features the American Buffalo, a symbol of American independence and a symbol of our nation's westward development.

Buffalo coin front and back

Gold American Buffalo Specifications

  • Content: Gold, 1.0000 Troy Ounce (31.1035g)
  • Diameter: 1.287in. (32.70mm)
  • Thickness: 0.116in. (2.95mm)
  • Weight: 1.0001 Troy Ounce (31.108g)

Obverse Inscriptions

  • Year
  • LIBERTY

Reverse Inscriptions

  • $50
  • 1 OZ. .9999 FINE GOLD
  • UNITED STATES OF AMERICA
  • E PLURIBUS UNUM
  • IN GOD WE TRUST

Certified Gold Buffalo Coins of the United States

American Gold Buffalo coins that have been certified by one of the world's leading coin gradings services, such as NGC or PCGS, have an increased market value. It's common for newcomers to the precious metals sector to encounter strange phrases when it comes to certified coinage.

NGC and PCGS created formal certification processes before it was widely accepted that the physical condition, or grade, of the coin, was critical to its value. In spite of this, there was no uniform grading system or even a universal norm. Collectors of rare coins had only three basic classifications to choose from before the 1980s.

Buying Gold Coins at Higher Prices

When it comes to government-minted 24-karat gold coins, the American Gold Buffalo is among the most popular. Additionally, these gold coins command some of the highest gold coin buyback values in the gold bullion business (the rate at which gold dealers are buying these gold coins back).

Customers who return American Buffalo Gold coins typically pay a premium above the fluctuating market value of the precious metal. It's not always the case when it comes to lesser-known gold pieces.

Selling Gold Coins at Higher Prices

American Buffalo one-ounce gold coins are also among the most sought-after modern government 24-karat gold coins. To summarize, the price per ounce of an American Buffalo Gold coin is usually slightly more than that of other competitive high mintage 24k gold bullion coins, both when purchasing and selling.

Is there a good reason to invest in American Gold Coins?

Gold prices have risen steadily in practically every currency since the year 2000, and unprecedented volumes of gold coins have been sold to individual investors around the world.

There has been substantial growth in the number of online gold dealers who sell gold coins and gold bullion bars to investors since 2008.

In order to further diversify their wealth and investment portfolios, investors are increasingly purchasing gold bullion online and receiving it in person.

See also: Top Gold Coins to Invest In

IRA Approved Gold Coin

The gold American Buffalo coin is eligible for a gold rollover to an IRA.

Gold Coins

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