Gold Buffalo Coins at Low Premiums
Money Metals Exchange is proud to offer the beautiful one-troy ounce Gold American Buffalo. The United States Mint began production of this coin in 2006 as a direct competitor to the Canadian Gold Maple Leaf and other pure gold bullion coins. It also provides an alternative to the popular 1 Oz American Gold Eagle coin, for investors with whom purity matters. The Buffalo is minted in .9999 fine gold (24 karat) rather than the .9167 (22 karat) pure metal used for the Eagle. While both coins contain a full troy ounce of gold, the American Buffalo gold is slightly smaller in size because it does not contain the alloy metals, meaning no silver and copper.
The gold mint American Buffalo is a striking coin with a profile image of a Native American chieftain stamped on one side and the iconic Buffalo on the other. It is a “legal tender”and carries a denomination of $50. Each coin is guaranteed by the US Mint for the weight and purity marked on the reverse side – 1 oz .9999 fine gold.
Mintages of the gold American Buffalo coins, are often lower than for the more popular Gold Eagle coin, but it is more than popular enough to ensure liquidity. Dealers buy and sell the coin in good volume – akin the world’s other well known gold coins (.9999 pure) such as the Canadian Maple Leaf, Austrian Philharmonic and Australian Kangaroo. Investors can buy it with confidence. They will be getting a coin with unique aesthetics, without paying a high premium.
1 oz Gold Buffalos are struck the US Mint in the facility at West Point, New York.
ABOUT THE DESIGN
American Buffalo gold coins is modeled after the famous Buffalo Nickel, created by James Earle Fraser in the early 1900s. His design is perhaps the most beloved in the history of US coinage.
Native American (obverse) – The obverse shows the well-known Indian Head symbol. Fraser is said to have created a composite using images of 3 different Chieftains. He took inspiration from Chief Iron Tail, Chief Two Moons and Chief Big Tree who posed as models as he sketched.
American Bison (reverse) – The reverse features an American buffalo as well as inscriptions of the $50 face value, weight, and gold content. The history behind the image is as intriguing as the coin itself. Some claim that an American buffalo named Black Diamond — on display at New York’s Central Park Zoo was the model for the coin. Conflicting accounts suggest it was a buffalo named “Bronx” located at the rival Bronx Zoo that Fraser used.