Description
Description
The United States Mint began production of the Gold Buffalo in 2006 as a direct competitor to the Canadian Gold Maple Leaf and other pure gold bullion coins. It also provides an alternative to the popular American Gold Eagle for investors with whom purity matters. The Buffalo is minted in .9999 fine gold (24 karat) rather than the .9167 (22 karat) pure metal used for the Eagle. While both coins contain a full troy ounce of gold, the American Buffalo gold is slightly smaller in size because it does not contain the alloy metals, meaning no silver and copper.
American Gold Buffalo Design
Despite being relatively new, the Gold Buffalo coin features a recreation of an iconic American design that was first created in 1913. Based on the Buffalo nickel, these coins include a Native American head on the obverse, and a buffalo design on the reverse along with standard encryptions including “In God We Trust” and “E Pluribus Unum.” The reverse also denotes the 1 troy ounce weight, .9999 fine gold content, and $50 face value.
