
American Buffalo Gold Coin
The Buffalo Gold coins, proof and bullion, are the first 24k gold coins to be minted by the U.S. Government. Authorized by congress in 2005 and first minted in June 2006, the gold in the coins is mined from U.S. sources.
The U.S. Government offered the Buffalo Gold coin as an alternative for those collectors who prefer 24k gold coins (.9999 pure gold) and previously purchased the Vienna Philharmonic gold coin or the Maple Leaf gold coin. The Buffalo gold coin differs from the American Eagle Gold coin in that the Eagle gold coins are 22k gold.
American Buffalo Gold Coin Design
Based upon an Indian Head Nickel (also known as the buffalo nickel) designed by James Earle Fraser, the coin features a Native American in profile on the obverse (heads) and an American buffalo (bison) on the reverse (tails). The American Buffalo Gold coin is based upon Fraser's design and features the mound visible under the buffalo minted in 1913 (type I buffalo nickel). Fraser's design was modified by Charles Barber and became known as type 2 buffalo nickel. The type 2 buffalo nickel does not feature the mound. Read about more of the Buffalo Gold Coin history here.
American Buffalo Gold Coin Editions and Mintage
The American Buffalo Gold Coin has two editions, a proof and bullion edition. Though both are minted at West Point, the proof differs in that it is intended to be a collector's coin with a softly frosted and highly detailed image that seems to 'float.' This coin typically sells at a premium over the bullion coin, as the coin is manually fed into the special die and struck multiple times.
The bullion edition is intended as an investment vehicle. It's price fluctuates with the price of gold. It is available through coin dealers and typically sells at 4-5% above the price of gold. Click buffalo gold coin editions to learn more.
American Buffalo Gold Coin Specifications
Specifications of the American Buffalo Gold Coin
-- Content: 1.0000 Troy Ounce 24k gold of U.S. sourced gold
-- Weight: 1.0001 Troy Ounce (31.08 grams)
-- Diameter: 1.287 inches (32.70 mm)
-- Thickness: 0.116 inches (2.95 mm)
-- Edge: Reeded
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