First introduced in 2006 as a commemoration of the original Buffalo Nickel, the 1 oz 24 karat Gold Buffalo coin was the first gold coin with a purity of 99.99% struck by the United States Mint. Released for the first time in 1913 and designed by James Earle Fraser, the popular Buffalo Nickel has become the base from which the 2016 1 oz Gold Buffalo coin draws the attention of seasoned and beginner collectors alike. A magnificent representation of the birth of a nation, the 2016 1 oz Gold American Buffalo coin has a face value of $50 dollars and is backed by the federal government.
The obverse side of the coin is showcases a representation of James Earle Fraser’s beloved “Buffalo Nickel” design, originally minted in 1913 and which consists of the profile of an American Indian chieftain, created by using the facial characteristics of three popular tribal leaders at that time. On the upper right portion of the obverse side, the word “Liberty” has been engraved, complemented by the year 2016 in the lower left part of the design. Immediately below the year of production, the letter “F” can be seen as an abbreviation of James Earle Fraser’s last name.
Impressive and impassive, the reverse side of the 2016 1 oz Gold Buffalo coin has been engraved with the likeness of Black Diamond, a bison that inhabited the grounds of the Central Park Zoo in New York City during the early years of the 19th century and which has become a beloved symbol of Native American history. Distributed evenly in different patterns around the reverse side of the coin, the words “United States of America“, “E Pluribus Unum” and “In God We Trust” have been engraved, together with the face value of $50 dollars, the weight of the coin, and the purity of its gold.
To maintain the pristine condition of the 2016 1 oz American Buffalo coin, individual units are shipped in protective plastic, while multiples of 20 are sealed in original sheets of plastic. Each coin weighs one troy ounce of .9999 pure gold, and has a standard measurement of 2.95 mm in thickness and 32.7 mm in diameter. Even though the coin does not have a visible mint mark, all coins of its type have been minted at the West Point location of the United States Mint. As of January 2016, the lowest price on the market for the 2016 1 oz Gold Buffalo Coin has been $1,154.76, making it not only one of the most popular coins in the world, but also one which is bound to provide worthy returns over time.
About the American Bison
The American Bison, also known as the Buffalo but in no way related to the water buffalo or the African buffalo, once roamed the vast plains that extended from Canada to Mexico and became a symbol of native American survival as it was used to provide food, clothing and tools to the inhabitants of the land. Originally numbering in the millions, the buffalo was driven almost to the point of extinction due to the arrival of settlers and the introduction of commercial hunting without allowing for the recovery of the herds through seasonal reproduction. Today, the number of bison throughout the United States has slowly increased thanks to an ongoing and strictly controlled conservation program, although the species is still classified as near threatened.
So don’t hesitate and get yours today! If you are looking to invest in one of the most popular coins in the world, one which has attracted the eye of the public due in large part to its beauty and expert craftsmanship, as well as its purity and historic meaning, the 2016 1 oz Gold Buffalo coin is sure to hit the spot.