American Buffalo Gold Coins
The American Buffalo gold coin is a favorite among investors and coin collectors. The coin is known both as the American Buffalo and the Gold Buffalo. This 24-carat bullion coin was first produced by the U.S. Mint in 2006. The coin features the Indian Head Nickel design and got its name from the American bison that is depicted on its reverse. The American Buffalo coin was the first coin minted by the U.S. Mint to include pure gold of .9999 fineness for public investors and collectors.
The design of the American Buffalo is a modified version of James Earle Fraser’s design for the Indian Head nickel. The obverse of the coin features a Native American whom Fraser said he created by using the features of three distinct chiefs who agreed to pose for him. The obverse also features an inscription of the word “Liberty,” the mint year, and an “F” for Fraser.
The reverse of the American Buffalo features the coin’s namesake: The American Bison. The detailed rendition of the buffalo is featured on terrain. The reverse also features several inscriptions including the coin’s weight, gold purity, face value, “In God We Trust” and “E Pluribus Unum” as well as “United States Of America.” The one-ounce American buffalo gold coin carries a face value of $50 and is considered good, legal tender in the United States.
Unique Qualities Of American Buffalo Gold Coins
The American Buffalo gold coin has some unique features. The coin was the first pure gold coin (.9999) minted by the U.S. Mint to provide to the public. Its 24-carat composition makes it one of the world’s purest gold coins on the market today and a favorite among investors and collectors.
The design, details, and symbolism of the coin are also somewhat unique. The coin pays tribute to Native Americans and the land they have lived on. The detailed Bison featured on the reverse of the coin is very intricate and provides amazing detail about the animal.
American Buffalo Gold Coin Denominations
The American Buffalo gold coin is available in just four weights. The table below summarizes the coin weights and corresponding face values:
- One ounce-$50 face value
- ½ ounce-$25 face value
- ¼ ounce-$10 face value
- 1/10 ounce-$5 face value
Best places to buy American Buffalo gold coins online
The American buffalo gold coin can be purchased at many local coin and bullion shops as well as from hundreds of online precious metals dealers. Once you have decided to buy your coins from an online dealer, the next step is to choose which dealer to give your business to. Although price is important, it is not the only thing worth considering. You must also take into account shipping and insurance costs, product selection, buyback programs, dealer reviews, and more. Below is a brief outline of some of the top dealers to buy these gold coins from:
JM Bullion is a leader in the precious metals industry. This site has been in business for over a decade and has many thousands of positive customer reviews. JMB has a vast selection of American Buffalo gold coins for sale and offers one of the easiest buyback programs in the business. If you are looking to buy American buffalo gold coins or any other gold coin for that matter, you’d be foolish not to check out what JMB has to offer.
BGASC is another dealer that may be worth checking out online. This company is focused on the sale of gold and silver coins but also carries various rounds and bars. BGASC may have a smaller selection of American Buffalo gold coins, but don’t let that deter you. This company is all about competitive pricing, great service, and providing excellent overall value. Make sure to check out their customer reviews-you won’t be disappointed.
Silver.com is another large online dealer that may offer great value for American Buffalo gold coins. Silver.com has a great selection of American Buffalo gold coins, both in bullion as well as proof versions. This firm also offers free shipping on orders over $199 and typically ships orders the same day or the following day of cleared payment- so you can have your metals fast. Make sure to check out their customer reviews as well. With so many glowing customer reviews, checking out what this firm has to offer makes a lot of sense.
Where to sell American Buffalo gold coins
The vast majority of precious metals dealers and even coin shops will offer some type of buyback program. You may run into some financial difficulties and need to sell some metals, or perhaps you want to book some profits on metals bought previously. Whatever the case may be, a good dealer will show you, in detail, how to sell your metals back to them. The dealer should also provide you with written instructions, step-by-step, on how to get this done.
American Buffalo gold coin values
The American Buffalo gold coin is a coin that is sometimes mistaken for a collectible or numismatic coin. Why remains unclear, although it could have something to do with the coin not being minted until 2006. Because the coin is minted on an annual basis, and in fair quantities, it has little to no collectible value. Like other gold bullion coins, the American Buffalo gold coin derives its value almost entirely from its gold content.
American Buffalo gold coin FAQs
Is the American Buffalo gold coin a better coin to own than a coin with less purity?
The answer to this question can become quite complicated, but for the sake of simplicity, we will say no, not necessarily. The American Gold Eagle coin, for example, contains gold of a lesser purity yet it is one of the most widely sought-after gold bullion coins in the world. Purity is always a good thing, but it may not be the only thing.
Are American Buffalo gold coins considered collectible or numismatic?
To be very clear: The American Buffalo gold coin is a bullion coin. Its value is derived strictly from the gold content of the coin. It does not have any premium beyond that. So no, it is not a collectible or numismatic coin.
Is the American Buffalo gold coin a good addition to a precious metals portfolio?
Absolutely! The American Buffalo gold coin can be an excellent addition to any metal portfolio or coin collection. Due to its quality, purity, and recognition, the Buffalo coin makes a lot of sense to add to one’s holdings.