Is the Gold Buffalo Coin Real?
Gold Buffalo Coin was introduced by the US Mint as its inaugural 24-karat bullion coin, sold through JM Bullion in 1-oz increments.
These coins offer an appealing blend of historical significance, pure gold content, and minting excellence – all while providing tangible value diversification in your portfolio.
Origins
The American Gold Buffalo coin is a celebration of our nation and its early inhabitants. Its obverse depicts a full-body profile of a bison believed to have been modelled after Black Diamond from New York City’s Central Park Zoo during the 1910s; on its reverse stands out an Native American chief that James Earle Fraser said was drawn from characteristics from three tribes – Big Tree, Iron Tail, and Two Moons – with different traits taken from each.
The United States Mint in West Point, New York produces this bullion coin backed by the government and legal tender with a $50 face value. Due to its widespread recognition and purity, this asset can add diversification benefits by offering physical assets which don’t move with stocks and bonds.
Design
The American Gold Buffalo is a beloved coin among investors due to its high purity and beautiful design. Crafted of 24-karat (.9999%) gold, this coin is produced at the United States Mint at West Point where its weight, content and gold fineness is guaranteed by government regulation. Additionally, proof versions are also available with mirror-like surfaces and low mintages making them highly collectible pieces.
James Earle Fraser created the obverse of this coin as a portrait of three Native Americans. According to USA Coin Books, Fraser used a composite image incorporating Chief Iron Tail of Oglala Lakota tribe, Chief Two Moons from Cheyenne tribe and Chief Big Tree from Kiowa tribe as figures depicting three native tribesmen. For its reverse side, Fraser included an image of an enormous American bison who may be inspired by Black Diamond, an animal living at New York Central Park Zoo during 1900s.
Purity
The gold buffalo coin is the first pure (.9999) 24-karat bullion coin issued for public sale by the United States government since 2006. First made available for sale in 2006, its face value stands at $50.00.
James Earle Fraser, designer of the original Buffalo Nickel coin that was in circulation from 1913 to 1938, found inspiration for its design while living as a youth in Winona, Minnesota on the American plains. It features an image of a Native American chieftain created by merging together three real tribal leaders’ faces; above the image lies “LIBERTY”, while on its reverse it displays “1938 Mintage Date”.
The reverse side of this coin features an American bison as a symbolic representation of the old frontier, E PLURIBUS UNUM is written across its lower back and “UNITED STATES OF AMERICA” is inscribed across its body.
Weight
The Gold Buffalo coin is a favourite among collectors due to its elegant design, purity, and historical significance. Furthermore, this iconic coin can serve as an investment opportunity – being both symbolic of American history and tradition and easily traded globally on global markets.
Fraser used a composite of three real-life chiefs from different American Indian tribes when creating this portrait on the front side. Furthermore, there is the motto “LIBERTY” on top and below this text “F” stands for Fraser – all on one coin!
On the reverse (back) side of this coin is depicted a full-body left profile of an American bison or buffalo, believed to have been modelled after Black Diamond at New York City’s Central Park Zoo.
Price
Gold Buffalo coins were an outstanding success when they debuted in 2006. But investors seeking solely gold investment should consider Gold Eagles instead, which offer lower premiums.
The obverse of this coin features an image of its namesake: a majestic bison. Fraser used images from Native American Plains as inspiration in designing it; thus capturing both American frontiersmen’s spirit and nature’s beauty on this coin’s design.
This coin is worth significantly more in the bullion market due to its.9999 pure gold content and numismatic appeal, limited maximum mintage, as well as demand. Therefore, this rare collectible bullion coin offers great intrinsic value.
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