2020 Gold American Buffalo Proof 70 Coin Description:
History of the coin: The Gold American Buffalo coin owes its existence to the Presidential $1 Coin Act of 2005. The U.S. Mint began producing the coins in 2006, marking the first time the Mint ever created a 24 karat gold coin (.9999 fine).
Each year, the U.S. Mint produces circulating bullion versions of the coin, plus a limited number of "Proof" coins, known for their mirror-like finish and exceptional quality. A small number of these proof coins achieves a perfect score of Proof 70 from one of the main grading service NGC.
The design was inspired by the Buffalo Nickel which was issued from 1913-1938. A Native American profile is featured on the obverse with an American bison depicted on the reverse. The designer of the Buffalo Nickel, James Earle Fraser, reportedly used three Native American leaders as the inspiration for the obverse figure.
The U.S. Gold Bureau has partnered with former Director of the U.S. Mint, Ed Moy, to offer hand-signed certification labels on Gold American Buffalo Proof 70 coins. The Ed Moy Signature Series of Gold American Buffalo Proof 70 coins will be highly sought after by investors and collectors and is exclusive to the U.S. Gold Bureau, meaning population for Proof 70 coins and Date Runs will be extremely low, adding to their investment potential.
First ever 24 karat gold coin struck by the U.S. Mint
Source: Mintage figures provided by the United States Mint. Proof 70 Population indicates the number of coins in the given year that have been certified in perfect Proof 70 condition (NGC, August 2020). Gold American Buffalo performance is based on the actual selling price by the U.S. Gold Bureau for Gold American Buffalo Proof 70 Investment Grade Coins. Past performance is not indicative of future results.