Posts tagged 'gold buffalo'

2020-gold-american-buffalo-proof-launch

2020 Gold American Buffalo Proof Available Now

April 9, 2020
Arguably one of the most defining features of the Gold American Buffalo is its title as the first 24-karat gold coin ever offered for public investment by the U.S. Mint.

Demand for one-ounce Gold Buffalo so strong, U.S. Mint ran out

October 20, 2010
Need a sign that demand for gold coins is surging in the troubled economic environment?

Gold American Buffalo: The Indian Nickel Resurrected in Gold

July 29, 2010
The Gold American Buffalo, or commonly known as the Gold Buffalo, is the first 24-karat gold bullion coin ever issued by the U.S. Mint and was first made on June 22, 2006. The production of the gold buffalo 2006 American Gold Buffalo was authorized by Public Law 109-145, also known as the Presidential $1 Coin Act.

This was the first time that the U.S. government has issued a 0.9999 pure gold coin to the public.

The Gold Buffalo has a face value of $50, but its actual value is obviously much higher. In 2006 and 2007, the U.S. government only issued a 1-ounce version of the Gold Buffalo -- the $50 face value coin. But in 2008, 1/10 oz. gold coins with a face value of $5, 1/4 oz. gold coin with a face value of $10, and 1/2 oz. gold coins with a face value of $25, were also minted.

Gold American Buffalo Design

The obverse side of the Gold Buffalo was a modified version of the 1913 Indian Nickel Head, designed by James Earle Fraser (see image on left). It shows a Native American with braided hair. Fraser said it is a mixture of the features of three chiefs from different Indian tribes that he met. The reverse side of the coin is an American bison, usually referred to as a buffalo, atop a ridge. According to some experts, the buffalo is believed to be the bison named Black Diamond. It was an animal found during the 1910s, in New York City's Central Park Zoo.

1919 Indian Nickel

There are a couple of notable changes between the nickel and the gold coin. The phrase “FIVE CENTS” on the Indian Nickel was changed to $50 1 OZ. .9999 FINE GOLD on the Gold Buffalo. In addition, the motto, “IN GOD WE TRUST” also appears on the left side of the new gold coin, just below the buffalo’s head. This motto appears on all gold coins minted by the U.S. Mint since 1908.

More: Current price of a Gold American Buffalo buffalo coin -- < ?php calcvalue_getvalue(0, 59, 'XAU', 1)?>

Note: This article was created exclusively for The U.S. Gold Bureau by The Numismatic Coins blog.