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Benefit to Invest in American Buffalo Gold Coins?

American Buffalo gold coins are also known as gold buffalo. These are 24-karat gold bullion coins that were introduced to the United States Mint back in 2006. It was made available for shipment in the same year. American Buffalo gold coins are known for its designs. The most popular is the Indian Head nickel, therefore earning the nickname from the American Bison.

This was the first time that the US government has minted pure 24-karat gold coins for the public to collect. The coin has a face value of $50 dollars. The initial price of the collector’s item back in 2006 was $800. The price for the proof coin a year after its distribution was $899.95.

It was in 2007 when American Buffalo gold coins were really popular. This particular coin was redesigned in 2009 and it has also mandated the production of the one ounce 24-karat gold bullion coin that has the tender value of $50. The mintage limit reaches up to 300,000 coins.

The designs of American Buffalo gold coins are modified versions of James Earle Fraser’s take on the Indian Head nickel. This was the design back in 1913 but was specifically updated for the American Buffalo. The type 2 version was minted from 1913 to 1996 for the Indian Head models. Generally, this design was said to be the best among all the US coins.

With the American Buffalo gold coin also having this design, it is then declared to be a commemorative coin for the Indian head just as it is a collectible in itself. The obverse of the coin shows the Native American design by Fraser. The varieties of these designs are the three chiefs from American Indian tribes. These are Iron Tail, Two Moon, and Big Tree.

Apparently, Fraser had the honor to have these three chiefs pose for him when he was in need of models for the coin. This is the very reason why the coins are commemorative.

On the reverse side of American Buffalo gold coins is the American Bison. This is commonly referred to as the buffalo. It is said to be the Black Diamond. This is a bison that lived in New York City Central Park Zoo during the 1910s. Fraser said that someone distracted the buffalo in order for him to sketch this.

He needed a specific profile of the buffalo and he achieved this as reflected in the finished product of the coins. There are different patterns and designs to choose from in the American Buffalo gold coins. It is all up to the collector which design he prefers.

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