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Investors can buy them with confidence, knowing the coins contain their stated amount of gold. An important measure of any investment is its liquidity: How easy is it to resell? United States Government backing means that Gold American Buffaloes are accepted in major investment markets worldwide.
The Native American depiction on the coin's obverse is believed to be based on three different American Indians. Two of the American Indians who modeled for Fraser as he sculpted the coin were named by the designer before his death. They were known as Chief Iron Tail of the Lakota Sioux and Chief Two Moons of the Cheyenne.
Although many have claimed to have had a sitting with Fraser for this design, he could not recall the name of the third person and satisfactory documentation has not been found to identify that individual. It is widely believed that the bison on the coins reverse was modeled after Black Diamond, a popular attraction at the New York Zoological Gardens. In the first year of the coin's issuance, 1913, there were two distinct varieties -- the first showing the bison on a mound and the second with the base redesigned to a thinner, straight line. American Buffalo Gold Coins bear the original Fraser Type I design.