Gold and Silver
5475 Leetsdale Dr Suite 210
Denver, Colorado 80246
Main Number: 303-333-1411
for Gold and Silver
Main Number: 303-333-1411
We carry American Gold Buffalo
Open Monday - Friday from 9 am to 6 pm
Call anytime - leave a message: 303-333-1411
The American Buffalo, also known as a gold buffalo, is a
24-karat bullion coin first offered for sale by the United
States Mint on June 22, 2006, and available for shipment
beginning on July 13. The coin follows the greatly admired
design of the Indian Head nickel and has gained its nickname
from the American Bison on the reverse side of the design.
This was the first time ever that the United States Government
has minted pure (.9999) 24-karat gold coins for the public.
The coin has a legal tender (face) value of US$50. Due to
a combination of the coin's popularity and the tremendous
increase in the price of gold since its creation the coin's
value has increased considerably in a short time of just
a few years. The initial 2006 U.S. Mint price of the proof
coin was $800.. In 2007 the Mint proof coin was $899.95,
$1,410.00 in 2009,  and $2,010.00 in 2011. 
addition to requiring a presidential dollar coin series
to begin in 2007 and redesigning the cent in 2009, the Presidential
$1 Coin Act of 2005 mandated the production of a one-ounce
24-karat gold bullion coin with a face value of $50 and
a mintage limit of up to 300,000 coins.
design of the American Buffalo gold bullion coin is a modified
version of James Earle Fraser's design for the Indian Head
nickel (Type 1), issued in early 1913. After a raised mound
of dirt below the animal on the reverse was reduced, the
Type 2 variation continued to be minted for the rest of
1913 and every year until 1938, except for 1922, 1932, and
1933 when no nickels were struck. Generally, Fraser's Indian
Head nickel design is regarded as among the best designs
of any U.S. coins. The same design also was used on the
2001 Smithsonian commemorative coin.
obverse (front) of the coin depicts a Native American, whom
Fraser said he created as a mixture of the features of three
chiefs from different American Indian tribes, Big Tree,
Iron Tail, and Two Moons, who posed as models for him to
a mound of dirt on the reverse (back) of the coin stands
an American Bison, which commonly are referred to as buffalo.
The animal depicted on the reverse is believed by most to
be the bison named Black Diamond, who lived in the New York
City Central Park Zoo during the 1910s. It is said that
Fraser had to have someone distract the buffalo while he
sneaked to a position beside it to draw. Otherwise, the
buffalo would turn to face him and Fraser couldn't get the
profile he wanted.
that can be noted between the nickel and the fifty dollar
piece are, on the gold American Buffalo coin the mound area
of the reverse of the Indian Head nickel bearing the words,
FIVE CENTS, has been changed to read $50 1 OZ. .9999 FINE
GOLD. Also, the motto, IN GOD WE TRUST, appearing on all
U.S. gold coins since 1908, can be seen on the reverse of
the newer coin to the left of, and beneath, the buffalo's
U.S. Mint has indicated an expansion of the program, to
include buffalo gold coins in fractional sizes. The specially-packaged
8-8-08 Double Prosperity set contains a one-half ounce gold
all U.S. bullion coins, including the American Buffalo gold
piece, are being struck at the West Point Mint in New York.
According to the U.S. Mint website, only the proof version
of the buffalo gold coin bears the mint mark "W"
on the obverse (front) of the coin, behind the neck of the
Indian; the bullion version does not have the "W"
mint mark. The 2006 and 2007 coins only have been issued
in a one-ounce version, but in 2008, $5, $10, and $25 face
value coins were minted with 1/10 oz, 1/4 oz, and 1/2 oz
of gold respectively.
a long wait by both collectors and investors, the uncirculated
version of the American Buffalo gold piece was made available
to coin dealers on June 20, 2006. Collectors who wanted
to purchase the proof version from the mint were given the
opportunity to place their orders with the mint beginning
on July 22. The 2006 proof quality coin has a strict mintage
limit of 300,000, with an additional enforced limit of only
ten (10) coins per household. The catalog number of the
2006 proof coin at the U.S. Mint is (BA6).
coin was created in order to compete with foreign 24-karat
gold bullion coins. Since investors sometimes prefer 99.99%
pure gold over the 91.67% gold used in the American Gold
Eagle, many were choosing non-U.S. coins, such as the Canadian
Gold Maple Leaf, to meet their bullion needs. With the American
Buffalo coin, the U.S. government hopes to increase the
amount of U.S. gold sales and cash in on the 24-karat sales,
which makes up about 60% of the world gold market.
July 22, the mint transferred two of the American Buffalo
coins to the Smithsonian Institution's coin collection because
of their historic value.