Gold Buffalo

The Gold Buffalo is one of the most recent additions to the gold coin market as it was first minted in 2006. The design of the coin was taken from the Indian Head Nickel which was minted in the US from 1913 until 1938. The name Buffalo was picked for the coin because the reverse side depicts an American Bison. The coin is especially significant because it is the first US gold coin that has a purity of .9999.

Design and Details

The Gold Buffalo takes its design from James Earle Fraser’s design for the Indian Head Nickel. Traditionally, Fraser’s design has been considered one of the most noticeable and attractive out of any design on any other US coin. The image of the bison is located on the reverse side of the coin, and according to most stories, the bison that is pictured is actually a bison named Black Diamond that once lived in New York‘s Central Park Zoo. On the obverse side of the coin there is an image of a Native American. Fraser claimed that this particular Native American has the facial features of 3 different tribes. Those tribes are Big Tree, Iron Tail, and Two Moons. Also on the obverse side there is an inscription that reads, “Liberty”, also on that side is the date when the coin was minted. Along with the bison on the reverse side there inscriptions that read, “United States of America” and “1oz .9999 Fine Gold.”

The Gold Buffalo has a face value of $50 and comes in a one ounce version only. This is different than coins like the Chinese Gold Panda which come in sizes as small as 1/20th of an ounce. The Gold Buffalo has a diameter of 32.7mm and a thickness of 2.95mm. Even though it is a very soft gold coin it still has reeded edges.

More About the Gold Buffalo

What really drives collectors and investors crazy is the fact that there is a 300,000 coin mintage limit. Because there is no chance that there will be more than 300,000 coins minted in every given year, the price will generally be high because demand for the coin is always rising. These coins are very new to the gold coin market which means that buying and selling the coin is as popular as it ever will be.

In North America and any other part of the world, your best bet to find these coins would be on the internet. Sites like Apmex generally have a very thorough selection and if it is not on one site, it is bound to be on another. If you do live in North America, it would not hurt to give your local coin dealer a call and see if they have any in stock, because saving on shipping prices helps out a lot on some occasions.