American Buffalo 1oz Gold Coin 2017

i

American Buffalo 1oz Gold Coin 2017 - Buffalo

Weight: 31.10 g
Purity: 999.9 / 1000
Country: USA
Mint: United States Mint
Packing: Single in Pouch; 20 in Tube
Grading: Mint State; Uncirculated
Tax: Taxfree acc. to §25c UStG
Currently not available
Product Description

The American Buffalo 1oz gold coin 2017 is available. In addition to the American Eagle, the American Buffalo is the second investment gold coin of the US Mint. The main difference to the American Eagle is the higher fineness of 999.9/1000.

The American Buffalo is a beautiful pure 24k gold investment coin that celebrates a part of American history.

Fine Weight and Dimensions

The 2017 American Buffalo Gold coin is minted with a fine weight of 31.10 g and a fineness of 999.9/1000. The Buffalo gold coin has an edge bar and a rippled edge. The gold coin is legal tender in the United States with a nominal value of US $50.

 

 

Weight

Fine weight

Diameter

Thickness

Fine content

Nominal value

1oz

31.10 g

32.70 g

2.95 mm

999.9/1000

50 Dollars

Appearance

The Buffalo features two truly American motifs: a portrait of an Indian chief on the back, and the American bison, also called Buffalo, on the front.

 

Front

The American buffalo is shown in large format from left to right on the front of the coin. The inscription above the Buffalo reads "UNITED STATES OF AMERICA". The US coat of arms motto "E PLURIBUS UNUM", which means "Of many, one," is embossed on the upper right in smaller letters.

 

Below the motif the nominal value of “$ 50” and “1oz 9999 FINE GOLD” are imprinted. "IN GOD WE TRUST" is stamped on the lower left side below the Buffalo’s head.

 

Back

The reverse of the coin shows the portrait of an Indian chief looking to the right. The word "LIBERTY" is inscripted on the upper right and the year of mintage "2017" is embossed under the motif.  The initial "F", which stands for designer James Earle Fraser are stamped on the lower left side.

 

The portrait is an interpretation of three indian chiefs. Sculptor Fraser was able to draw sketches of the three Indian chiefs, Big Tree from the Kiowa, Iron Tail from the Lakota Sioux tribe and Two Moons from the Cheyenne tribe.

History

The American Buffalo is the first 999.9 fine investment gold coin of the USA, which was introduced in 2006.

An important difference between the "American Buffalo" and the "American Eagle" of the United States Mint, issued since 1986, is the higher gold content. While the American Eagle is minted in a classic 22 karat gold (fineness: 916.7/1000), the "American Buffalo" is a 24 karat gold coin (fineness: 999.9/1000).

A special feature of this coin is that the gold used for producing the Buffalo must be mined in the USA. The Buffalo Gold is exclusively minted by the US Mint in West Point.

Manufacturer

The manufacturer of the American Buffalo is the United States Mint. The mint is officially part of the Federal Government of the United States of America and is under the responsibility of the Treasury. The US Mint is responsible for the production of the dollar and headquartered in Washington, D.C.

Packing Buffalo

The Buffalo 2017 gold coin is packed in coin tubes of 20 coins. Single coins are packed in a coin pouch.

Advantages and Disadvantages:

Benefits American Buffalo

  • Physical gold is a hedge against economic and political uncertainty.

  • A high quality popular gold coin that can be bought and sold worldwide.

  • Beautifully designed coin minted from 999.9 fine gold.

  • Appeals to both collectors and investors.

Cons American Buffalo

  • The fine weight of 999.9/1000 is very scratch-sensitive

  • Compared to other 999.9 investment coins, the Buffalo has a higher premium

Product Details

Manufacturer: United States Mint
Country of origin: United States of America
Karat: 24K
Gold: 99.99%
Fineness: 999.9 / 1000
Weight: 1oz; 31.103 grams
Scratch resistance: poor