American Gold Buffalo
What is the American Gold Buffalo?
First introduced in 2006, the American Gold Buffalo, also known as the Gold Buffalo, is a coin composed of pure, 24 karat gold bullion. Prior to its production in 2006, no 24 karat gold coin had ever been issued by the United States mint before. Then, in 2005, Congress authorized the minting of a 24 karat bullion coin.
In design, the American Gold Buffalo is similar to the Buffalo Nickel, which was issued from 1913 to 1938 and designed by James Earle Fraser, a celebrated American sculptor. On the obverse side of the Gold Buffalo coin is the profile of a Native American Indian with feathers and braids – an homage to the original inhabitants of the land. In 2006, when the coin was first minted, it featured the word “Liberty” in all caps, written along the top right side. The reverse side of the coin features an American Bison, grazing on a patch of grass – an ode to the great expansion westward and the spirit of the early-American pioneer.
Coin Highlights
- Only pure gold American coin
- Contains 1 ozt gold
- .9999 24-karat purity
- Eligible for precious metals IRA
- Unlimited purchase quantity without 1099-B Reporting to IRS
How is the American Buffalo made?
These coins are made at the West Point minting facility in West Point, New York, where more than 2 million have been struck since 2006. Two types of American Buffalo are made: a proof coin and gold bullion. The collectable proofs are given a “W” mint mark, while the gold bullion coins don’t have a marking. As with any proof coin, they come in either a hardwood or velvet box, often red or blue; and they come with a certificate proving the coin’s authenticity.
What denomination is the American Gold Buffalo?
The American Gold Buffalo comes in one denomination, 1 ounce with a value of $50. Here are the coin’s specifications:
- Gold content – 1.0000 troy oz or 31.1035g
- Weight – 1.000 troy oz or 31.108g
- Diameter – 1.287 inches or 32.70mm
- Thickness – 0.116 inches or 2.95mm
For one year only, in 2008, the US mint offered the American Gold Buffalo in the following denominations:
- 1 oz with a value of $50
- ½ oz with a value of $25
- ¼ oz with a value of $10
- 1/10 with a value of $5
How many karats are American Gold Buffalos?
The American Gold Buffalo is 24 karat gold, 99.99% pure.
Can you buy American Gold Buffalo Coins?
Yes. These coins are very popular with collectors everywhere – the American Gold Buffalo has quickly become one of the Nation’s most beloved coins with collectors around the world clamoring for each new minting. These coins are considered to be investment grade, with their weight, content and purity backed by the US government. As always, when purchasing coins it’s important to work with a reputable dealer who has the correct paperwork and knowledge to understand what they’re working with.
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Crown Gold Exchange holds the utmost respect for you and your valuables. When you visit one of our locations, we make sure that you feel welcome, and that your property is protected. We use industry-standard equipment to ensure accurate measurement of your valuables, and we have a special process to keep your valuables safe. Our accuracy enables us to offer you top dollar, and we have several different payment methods available for your convenience, so you won’t be waiting around to get paid.
Crown Gold Exchange will purchase any kind of gold you bring us, including 8-karat, 10-karat, 14-karat, 18-karat, 21-karat, 22-karat, 24-karat, or anything else. We buy gold bars, gold bullion, gold jewelry and some gold plated items like pocket watches. If you happen to be in possession of an exclusive piece made by a top gold designer such as Cartier, Tiffany, Rolex, or Patek Philippe, we will often pay more than the weight of the item. Such special pieces often command a higher price on the secondary market due to their superior craftsmanship.