American Gold Buffalo Coin

The American gold buffalo coin made by the United States Mint could be a lovely gold coin and could be a favorite among coin collectors furthermore people who collect precious metal. This 24 karat gold bullion became obtainable June 2006, and therefore the coins were only obtainable within the one ounce size. In 2006 the US Mint release 300,000 and restricted the number of coins purchased per household to ten. The face value of the one ounce coin is $50.

The planning on this coin is nostalgic in that it uses the images designed by James Earle Fraser for the previous "buffalo" nickel. The obverse aspect incorporates a profile of a Native American Indian and an American Bison (buffalo) on the reverse facet.

The front of the $50 Buffalo features the profile of an American Indian and Fraser based mostly the planning on 3 totally different Indian chiefs who posed for him. Most notably is Iron Tail of the Lakota tribe and Two Moon of the Cheyenne who both fought within the Battle of Little Bighorn. The third model who posed for Fraser is believed to be Big Tree of the Kiowa tribe. The back of the coin options an American Bison which is widely believed to be Black Diamond a buffalo who lived at the New York Zoo throughout the first part of the 1900s when the look for the coin was created.

The Gold Buffalo marked the very first minting of a twenty four karat gold coin by the US Mint. It was met with excitement from not solely coin collectors but also folks who had been investing within the gold market. The coin was created to allow the US a gold coin that might compete with the foreign 24kt coins already in production. The trend in investing in gold coins tends to lend itself to investors selecting a coin with ninety 9.9% gold over one with 91.67%. The US already had a coin in production at the 91.67%, The American Gold Eagle. With the look and production of the American Gold Buffalo, the US may pull investors back to American Coins with the intent of accelerating the quantity of US gold sold.