American Buffalo Gold Coins

Introduced in 2006, the American Buffalo is a pure 24k investment coin issued by the US Mint. In addition to the American Eagle, it is the second investment coin published by the US Mint.

Since 1986, the United States of America has been represented in the investment market with the "American Eagle" investment coin. Like the "Krugerrand", and "English Sovereign", the "American Eagle" has a purity of 91.67% gold.  

When the demand for pure gold investment coins rose, the US Mint decided to introduce the "American Buffalo". The fine gold content is 99.99% and is therefore one of the purest gold investment coins on the market. The American Buffalo gold coin, like the American Eagle, is legal tender in the United States.

Weight and Dimensions

In 2006, the 1oz American Buffalo was minted with a fine weight of 31.10 g and a fineness of 999.9/1000. In 2008 the US Mint introduced 1/2 oz, 1/4 oz and 1/10 oz fractional sizes.

Fine Weight

Fineness

Diameter

Thickness

Weight

Denomination

Year

1 oz

999,9/1000

32,70 mm

2,95 mm

31,10 g

50 US-$

2006

1/2 oz

999,9/1000

26,50 mm

2,16 mm

15,55 g

25 US-$

2008

1/4 oz

999,9/1000

22,00 mm

1,63 mm

7,78 g

10 US-$

2008

1/10 oz

999,9/1000

16,50 mm

1,20 mm

3,11 g

5 US-$

2008

 

The American Buffalo gold coin is minted in "Bullion" and "Proof" embossing qualities with a standard weight of 1 oz. The coin image is the same for both coins. The embossing "Proof" quality is the collector version.

The "Proof" (also referred to as PP "Polished Plate") is marked with a "W" for West Point. For the embossing, polished blanks and stamps are used. The collector's edition is limited to 300,000 copies. Due to the limited edition, these editions have higher premiums.

 

Gold Investment Coins with 24 karat - 999.9 fine

Nugget (Australia - Royal Perth Mint)
Kangaroo (Australia - Royal Perth Mint)
Lunar (Australia - Royal Perth Mint)
Koala (Australia - Royal Perth Mint)
Britannia from 2013 (United Kingdom - Royal Mint)
Maple Leaf (Canada - Royal Canadian Mint)
Goldeuro - (Germany - German Federal Ministry of Finance)
Panda (China - China Mint)
The Vienna Philharmonic (Austria - Münze Österreich AG)

Appearance of American Buffalo and Design

The motif of the front and the back was created by sculptor James Earle Fraser (1876-1953). The design was first used for the "Buffalo Nickel" or "Indian Head Nickel" - which was a 5 cent gold coin minted from 1913 to 1938.

It is regarded by many as one of the most successful coin designs in US history. The design was inspired by combining the facial features of three Chiefs from different indian tribes which included: Kiowa Big Tree, the Iron Tail Chief of the Lakota and the Cheyenne Chief Two Moons.

The buffalo features two truly American motifs: a portrait of an Indian chief in the back, and the American bison, also called Buffalo on the front. According to the US Mint, the Bison is said to have been a picture of "Black Diamond" - a popular attraction of the New York "Central Park Zoo". The animal was considered gentle despite its sheer size - which eventually led James E. Fraser to use it as a model for the coin.

On the front the American buffalo is shown in large format from left to right. Above the Buffalo are the words "UNITED STATES OF AMERICA" . On the right, the US coat of arms motto "E PLURIBUS UNUM", which means "Of many, one," is embossed

 

Below the Buffalo, the nominal value of $ 50 and 1oz 9999 FINE GOLD are imprinted. The words "IN GOD WE TRUST", which has appeared on all US gold coins since 1908, is stamped on the lower left side below the Buffalo head.

 

The motif side of the coin shows the portrait of an Indian chief. The word "LIBERTY" appears on the upper right. The letter F", which stands for the designer James Earle Fraser and the year of issue are stamped on the lower left side.

The portrait is an interpretation of three chiefs from different indian tribes. Sculptor Fraser was able to draw sketches of the three 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. Due to the high demand for pure gold investment coins the US Mint introduced the Buffalo in 2006. The Royal Mint responded with its own pure gold coin in 2013 when it raised the gold content of the "Britannia" from 22 Karat to 24 Karat.

An important difference between the "American Buffalo" and the "American Eagle" is the higher gold content. While the American Eagle is embossed in classic 22 karat gold (fineness: 916.7 / 1000), the "American Buffalo" is a 24 karat gold coin (fines: 9999/1000).

A special feature of this coin is that the gold used for the coinage of the Buffalo has to be sourced in the USA. The Buffalo Gold is marked exclusively by the US Mint in West Point. The mint mark "W" is only visible in the proof editions.

United States Mint (US Mint)

The manufacturer of the American Buffalo is the United States Mint, which is an official federal authority of the United States of America and under the Treasury. The US Mint is responsible for the production of the dollar, and is headquarters in Washington, D.C.

In total, it has five branches

Branch

Mint Mark

West Point

W ( for “Proof”-Coins)

Philadelphia

P

Denver

D

San Francisco

S

American Gold Coins

American Eagle

First introduced in 1986, American Eagle gold coins are among the most successful and best-selling investment coins in the world. Due to the 22 K alloy it has a very nice color and good scratch resistance. The rise of the American Eagle started with the import ban on Krügerrand gold coins, which was agreed jointly by the USA and the European Community.  The import ban on the Krugerrand created an opportunity for the US and other countries to issue investment gold coins. Thus, in 1986, the first edition of the American Eagle was issued by the United States Mint. A year later in 1987, the Britannia from the United Kingdom was introduced, which was the first purely European investment coin to come onto the market.

 

Packing Buffalo

Until the year 2016, Buffalo Gold coins were single-welded by the US Mint. In  2016 the packaging was changed by the US Mint to coin tubes. Delivery of the 2017 Buffalo now takes place in coin tubes of 20 gold coins. Individual coins are offered in coin bags or coin capsules.

Advantages and Disadvantages:

Pros American Buffalo

  • Crisis hedge

  • High quality brand name

  • Value in most cases equals the gold price

  • Consistent appearance

  • Gold coins can be stored in small spaces

  • Easy to buy and sell worldwide

  • good transportability in small quantities

 

Cons American Buffalo

  • Fine weight of 999.9/1000 is very scratch-sensitive

This high fineness of 999.9/1000 has the effect of poor scratch resistance, since gold is known to be very soft. For this reason, the first gold circulation coins, like the Sovereign, were minted in a gold copper alloy.

Today the most popular 22k gold coins are the Krugerrand, American Eagle and British Sovereign. The 22k alloy, with a proportion of copper or silver, give the coin better scratch resistance.

Product Details

Manufacturer: United States Mint
Country of origin: United States of America
First Impression: 2006
Denominations: US $ 50, US $ 25, US $ 10, US $ 5
Karat: 24K
Fine content: 999.9 / 1000
Alloy: Gold alloy
Gold: 99.9%
Scratch resistance: poor

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  • American Buffalo 1oz Gold Coin 2017 - Buffalo

    American Buffalo 1oz Gold Coin 2017

    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
    Excl. Tax: € 1,199.04 Incl. Tax: € 1,199.04

    Prices based on Quantity

  • Buffalo 1oz Gold 2013 - Front

    American Buffalo 1oz Gold Coin different years

    1 Piece available
    Weight: 31.10 g
    Purity: 999.9/1000
    Country: USA
    Mint: United States Mint
    Packing: Single sealed; 10 per Sheet
    Grading: Mint State; Circulated
    Tax: Taxfree acc. to §25c UStG
    Currently not available

2 Item(s)

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