American Buffalo Gold Coins
American Buffalo is a 24 Karat gold bullion coin which offered for sale on June 22.2006 by United States of Mint. The coin is embossed with Indian head on the obverse and on the reverse with American Bison.
This was the first time that United States government has minted 24 Karat of pure gold for the public. The coin’s value is US$50.The initial price of proof coin in 2006 and 2007 was $800 and $ 899.95 accordingly.
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 5 Coin Lot 2009 PCGS MS70 1st Strike $50 Gold Buffalo  US $6,999.75
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 1923 SAINT ST GAUDENS $20 GOLD DOUBLE EAGLE ANACS MS 63 US $1,451.00
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 1914 D $25 INDIAN HEAD GOLD QUARTER EAGLE COIN BU MS US $305.00
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 NICE US TYPE SET NICKELS DIMES QUARTERS HALVES 3 US $16.91
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 1912 S $500 INDIAN HEAD GOLD HALF EAGLE COIN AU US $837.75
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 1913 $500 INDIAN HEAD GOLD HALF EAGLE COIN BU MS US $524.00
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Components of American Buffalo gold coin
Mass: 31.108g
Diameter: 32.7mm
Thickness: 2.95 mm
Edge: Reeded
Composition: 99.99 %( 24 K)
The design of the American Buffalo is the modified version of James Earle Fraser’s Indian Head nickel of 1913.The converse of the coin is of Indian face and the reverse of the coin, stands an American Bison, commonly referred as buffalo.
American Buffalo coins represent elegance in numismatic design and uncompromising quality in coinage production. American Buffalo gold coins are the purest form of gold coin in the term of metal and fineness.
Weight, Purity and Content guaranteed
American Buffalo gold coins are the only coin whose weight, purity and content are guaranteed by the United States of government. American Buffalo coins are hugely welcomed worldwide in all major investment market.
Easy to buy and Sell
As American buffalo carries guaranty by the United States Government, so it can be sold to any precious metal dealers worldwide. Although the coin is a legal tender but its face value is largely symbolic.
The United States Mint ,produces coins as proof version for collectors, the term “proof” means that the coins has to go through special minting process, where the coins are burnished and then fitted with special dies.
Each coin in struck multiple times so that the image seems to be floating.
Distribution
After a long wait by collectors and investors, the new version of American Buffalo came into Market. The coin was created in order to compete with other foreign 24-karat gold coins, because investor prefers 99.99% pure gold over 91.67% gold.
With the arrival of American Buffalo, United States government hopes to increase the amount of U.S. gold sales.
Few Interesting Facts
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5 Coin Lot 2009 PCGS MS70 1st Strike $50 Gold Buffalo | |
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US $6,999.75 | 1d 1h |
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1923 SAINT ST GAUDENS $20 GOLD DOUBLE EAGLE ANACS MS 63 | |
15 Bids | US $1,451.00 | 2h 31m |
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1914 D $25 INDIAN HEAD GOLD QUARTER EAGLE COIN BU MS | |
24 Bids | US $305.00 | 3h 30m |
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NICE US TYPE SET NICKELS DIMES QUARTERS HALVES 3 | |
8 Bids | US $16.91 | 3h 37m |
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1912 S $500 INDIAN HEAD GOLD HALF EAGLE COIN AU | |
30 Bids | US $837.75 | 4h 10m |
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1913 $500 INDIAN HEAD GOLD HALF EAGLE COIN BU MS | |
22 Bids | US $524.00 | 4h 30m |
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1857 INDIAN PRINCESS ONE DOLLAR GOLD COIN T3 XF | |
4 Bids | US $96.02 | 1d 47m |
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1849 ONE DOLLAR GOLD COIN AU FIRST YEAR | |
11 Bids | US $86.00 | 1d 1h |
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2009 PCGS MS70 First Strike $50 1oz Gold Buffalo MS 70 | |
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US $1,425.00 | 1d 15h |
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NICE US TYPE SET NICKELS DIMES QUARTERS HALVES 2 | |
2 Bids | US $2.26 | 1d 3h 29m |
• By law the gold should be mined in United states Mint but all coins are struck at west point
• The Native American on the observe believed to be three different men who used to model for Fraser
• The bison on the reverse named,” Black diamond”, who used to live in New York City central Park Zoo during 1910s
Conclusion
On July 22, the mint transferred two coins to the Smithsonian Institution for its historic value. From Sep 26, 2008 the United States Mint called American Buffalo gold coins for a halt because it cannot match up the soaring demand.
