American Gold Buffalo 1 oz
The American Gold Buffalo 1 oz is a pure gold bullion coin authorized by the US Mint (Public Law 109-145, dated December 22, 2005). Like the American Gold Eagle 1 oz bullion coin the American Gold Buffalo 1 oz is monetized with a face value of $50.00.
The US Mint began producing this popular 1 oz gold bullion coin in 2006 and the coin’s date changes each year. The American Gold Buffalo 1 oz is minted at the West Point facility and so does not have a mint mark.
There are two types in production today: the first is the 1 oz uncirculated bullion example traded for a small premium over its gold content. The second is a 1 oz specially minted proof made for the collector market. Currently there are no fractional examples of the American Gold Buffalo 1 oz in production.
The front features a rendition of the 20th Century James Earle Fraser composite Native American Indian. This lifelike rendition is taken from the popular US buffalo nickel minted from 1913 through 1938.
The reverse features a buffalo whose origin dates back to an actual buffalo named Black Diamond.
This was the first .9999 fine gold coin ever stuck by the US Mint and mintages are as follows: 2006 (323,000) 2007 (167,500) 2008 (172,000) 2009 (200,000) 2010 (209,000) 2011 (174,000) 2012 (132,000) and 2013 (225,000).
There are a number of reasons for this popularity: (1) The American Gold Buffalo 1 oz appeals to a worldwide audience because its weight and purity is guaranteed by the United States. (2) The American Gold Buffalo 1 oz is a popular Individual Retirement Account choice. (3) The American Gold Buffalo 1 oz is easy to buy and sell because large dealers post daily buy/sell prices.
The US Mint ships the American Gold Buffalo 1 oz to distributors in plastic protective sheets measuring 12 inches by 16 inches and containing 20 gold coins. The US Mint ships larger orders in hard cardboard boxes containing 25 sheets of 20 coins for a total of 500.
The brilliant uncirculated coins in these sheets are better stored flat to preserve the plastic integrity but some distributors repackage these pure gold coins in hard plastic CoinSafe tubes. The packaging choice is yours and we are happy to follow your instruction.
The American Gold Buffalo 1 oz is not dealer reportable on Federal Form 1099B when the public either buys or sells.
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