Gold Buffalo Coin Purity and Design
Unlike the Gold Eagle which is minted in four weights (1/10oz, 1/4oz, 1/2oz and 1oz), the American Gold Buffalo Coin is minted in only one weight each year; 1 troy ounce. Every year the coin is minted with .9999 pure gold and packaged by the US Mint in plastic sheets of 20. Like the 1 oz American Gold Eagle, the Buffalo also has a face value of $50 USD.
The design on both the obverse and reverse sides of the coin are almost identical to the Buffalo Nickel which was minted and circulated in the United States from 1913 to 1938. The Buffalo Nickel is a highly sought after coin amongst collectors and is viewed by many as one of the most iconic coin designs released by the US Mint for circulation.
On the obverse of each coin minted since 2006 is the image of a Native American who is depicted from a right profile view. The word “Liberty” is inscribed above the Indian Chief to the right in all capital letters. The year the coin was minted is featured below to the left, with the letter “F” inscribed underneath to commemorate the last name of the original designer; James Earle Fraser. The coin features a raised border and contains reeded edges.
The reverse image is where the coin gets its name and features a buffalo grazing in an open field at the center. The left facing buffalo is complimented by the name of the country; United States of America with the phrase “E Pluribus Unum” etched in smaller letters below. On the bottom left of the coin; directly underneath the buffalo’s head is the phrase “In God We Trust.” Finally, centered along the bottom of the coin is the face value “$50” with the inscriptions “1 OZ. .9999 Fine Gold.”
American Gold Buffalo Pricing
When you are looking at pricing for the Gold Buffalo Coin, you will notice that they are priced slightly higher than other 1 oz 24k gold coins. This is due in part the the notoriety of the US Mint and the higher production costs associated with minting the coin. You can usually find the coins for sale with markups of around $50-$80 above the current price of gold. While they are priced a tad bit higher than other bullion coins like the Maple Leaf for example, they can still be bought for very reasonable prices online.
Buying American Gold Buffalo Coins Online
One small aspect of production that is often seen as a negative to investors is the packaging of the coins. Unlike a majority of other coins which are packaged in tubes, the Gold American Buffalo is sealed in plastic sheets. The brittle plastic is somewhat hard to cut, and when buying individual coins, they don’t stack as neatly as tubes do but they can still be stacked if you have a complete sheet.
Luckily, if you are looking to purchase the American Gold Buffalo Coin online you have a lot of options to choose from. Because the coins are extremely popular in both the collecting and investing community, most gold dealers will stock them on their website. Some popular dealers who offer these coins for sale include APMEX, BGASC, Provident Metals and JM Bullion. You can compare their prices above by using our price comparison chart to find the lowest prices.