American Buffalo Gold Coins

By Author: Bob Ethan
Total Articles: 41
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The America Buffalo Gold Coin is a gold bullion coin minted by the US Mint, that began being sold on June twenty-two, 2006. The most prominent difference between US U.S. Eagle coins and American Buffaloes is that the American Buffalo is twenty-four K bullion gold coin, in other words 99.99% pure gold. The main United States Eagles are twenty-two karat gold, in other words .9167% pure gold, while the rest is a silver/copper alloy. Buffalo gold coins were introduced as a consequence of increasing world requirement for twenty-four K bullion coins, and the popularity of Canadian Maple Leafs, Chinese Gold Pandas, and other 99.99 pure gold bullion items.

The 1 oz gold buffalo coin has an official cost of fifty dollars. But as with different coins, this token value just denotes that the coin is legal tender and has no actual relationship to the coin's real worth, that depends on the present gold spot price . The look of Gold Buffalos is based on the imagery of the Buffalo Nickel, that was minted from 1913 to 1938. The imagery, by James Earle Frase, features an image of a native american man on the obverse, and ...
... an image of a Yankee bison ( buffalo ) on the reverse. The obverse face also encompasses the year of issue at the lower lefthand side, and the word "Liberty" along the top right. The reverse face features the name "United States of America" along the leading edge, below that to the right side is the phrase "E PLURIBUS UNUM" which in Latin translates as "Out of many, one" ( a slogan utilized in many official Yank symbols ). It also says "In God We Trust" near the lower lefthand side, and at the bottom the official price, and below the official price the coin's weight in grams and purity of ".9999 Fine Gold".

The American buffalo gold coin is additionally sold in fractional sizes of [*FR1] oz with an official value of $25, quarter oz with a face value of $10, and 1 / ten oz with a face price of $5.

Buffalo gold coins at times have been produced in uncirculated and collectors' versions of higher minting quality ( and high premium pricing ), but these have been cancelled for the year 2009 because of striking need for gold bullion coins. In addition, 2009 minting of the standard bullion buffalo coins have been put off till further notice. The majority of the augmenting investors' demand is for U.S. gold eagles, so that the US Mint is reserving the majority of its gold stockpiles for their minting.

U.S. buffalos produced in previous years can be found in coin stores and bullion stores. But you will have to research to find one because there's no supply of newly minted coins this year.
Gold is a fascinating metal, but there are many unanswered questions and misconceptions surrounding the yellow metal. Find out about "American Buffalo Gold Coins" and other gold products at The Gold Market.