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American Buffalo (coin) – Wikipedia

Gold bullion coin of the United States
The American Buffalo, besides known as a gold buffalo, is a 24- karat bullion mint beginning offered for sale by the United States Mint on June 22, 2006, and available for dispatch beginning on July 13. The coin follows the blueprint of the amerind Head nickel and has gained its nickname from the American Bison on the rearward 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 populace. [ 1 ] The mint has a legal tender ( face ) value of US $ 50. Due to a combination of the coin ‘s popularity and the enormous increase in the price of gold since its initiation the mint ‘s value has increased well in a short-change time of just a few years. The initial 2006 U.S. Mint price of the proof mint was $ 800. [ 2 ] In 2007 the Mint proof coin was $ 899.95, [ 3 ] $ 1,410.00 in 2009, [ 4 ] and $ 2,010.00 in 2011. [ 5 ] In accession to requiring a presidential dollar mint 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 aureate bullion coin with a face value of $ 50 and a mintage limit of up to 300,000 coins .

design [edit ]

The design of the American Buffalo gold bullion coin is a modified interpretation of James Earle Fraser ‘s design for the indian Head nickel ( Type 1 ), issued in early 1913. After a raise knoll of dirt below the animal on the inverse was reduced, the Type 2 variation continued to be minted for the respite of 1913 and every class until 1938, except for 1922, 1932, and 1933 when no nickels were struck. Generally, Fraser ‘s amerind Head nickel design is regarded as among the best designs of any U.S. coins. The lapp blueprint besides was used on the 2001 Smithsonian commemorative coin.

The obverse ( front man ) of the coin depicts a native American, whom Fraser said he created as a mix of the features of three chiefs from different american Indian kin, Big Tree, Iron Tail, and Two Moons, who posed as models for him to sketch. The obverse besides shows the motto “ LIBERTY ” on the top correct, the year of coinage on the bottom left, and below that the letter F for Fraser. The american Buffalo gold bullion coin far has in coarse with the nickel the motto E PLURIBUS UNUM above the american bison ‘s lower back and the device UNITED·STATES·OF·AMERICA along the top. Differences that can be noted between the nickel and the fifty dollar bill dollar piece are, on the gold american Buffalo coin the knoll sphere of the reverse of the indian Head nickel bearing the words, FIVE CENTS, has been changed to read $50 1 OZ. .9999 FINE GOLD. besides, the motto, IN GOD WE TRUST, appearing on all U.S. gold coins since 1908, can be seen on the reverse of the newer mint to the left of, and below, the buffalo ‘s steer .

Fractional sizes [edit ]

The U.S. Mint indicated an expansion of the program, to include buffalo amber coins in fractional sizes for 2008 alone. The specially-packaged 8–8-08 Double Prosperity set contained a one-half ounce gold old world buffalo mint. [ 6 ]
Weights and measures provided below :

Diameter Thickness Weight
$5 (1/10 oz.) 16.5 mm (0.650 in.) 1.19 mm (0.047 in.) 0.10 Troy oz. (3.11 g, 0.109 oz.)
$10 (1/4 oz.) 22.0 mm (0.866 in.) 1.83 mm (0.072 in.) 0.25 Troy oz. (7.776 g, 0.274 oz.)
$25 (1/2 oz.) 27.0 mm (1.063 in.) 2.24 mm (0.088 in.) 0.503 Troy oz. (15.552 g, 0.5485 oz.)

distribution [edit ]

presently, all U.S. bullion coins, including the american Buffalo gold firearm, are being struck at the West Point Mint in New York. According to the U.S. Mint web site, only the proof interpretation of the buffalo amber mint bears the mint score “ W ” on the obverse ( battlefront ) of the coin, behind the neck of the Indian ; the bullion version does not have the “ W ” mint score. 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 aureate respectively. After a long wait by both collectors and investors, the uncirculated translation 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 rigorous mintage specify of 300,000, with an extra enforce restrict of only ten-spot ( 10 ) coins per family. The catalog number of the 2006 validation coin at the U.S. Mint is ( BA6 ). The mint was created in ordain to compete with foreign 24-karat gold bullion coins. Since investors sometimes prefer 99.99 % pure amber 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 english Buffalo mint, the U.S. government hopes to increase the come of U.S. gold sales and cash in on the 24-karat sales, which makes up about 60 % of the earth gold commercialize.

On September 26, 2008, the U.S. Mint announced that, temporarily, it would halt sales of the american Buffalo coins because it could not keep up with soaring demand as investors sought the safety of gold amid the subprime mortgage crisis of the late 2000s, [ 7 ] which had besides affected the monetary value of gold .

coinage [edit ]

Mintage [ 8 ] for the bullion version of the american Buffalo is as follows ( all 1 snow leopard coins ) :

Year Mintage
2021 350,500
2020 242,000
2019 61,500
2018 121,500
2017 99,500
2016 219,500
2015 220,500
2014 180,500
2013 198,500
2012 100,000
2011 250,000
2010 209,000
2009 200,000
2008 189,500
2007 136,503
2006 337,012

See besides [edit ]

References [edit ]

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