An Old West Era Icon – The Memorable 24 Karat American Buffalo Coin!

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Filed under: American Gold Coins, Gold Coins 

On December 22, 2005, the Presidential $1 Coin Act authorized the production of the American Buffalo 24-karat gold coins. These gorgeous gold bullion coins were first offered for sale in 2006 in one-ounce, .9999 fine gold, with a face value of fifty dollars. This actually was the first time that the U.S. Mint struck 24-karat gold coins for public consumption. The coin’s design was based on the historic 1913-1938 “Indian Head” nickel done by American sculptor, James Earle Fraser, previously a student of Augustus Saint-Gaudens. In 1913, there were actually two variations of the original design: the first showed a bison on a mound; the second with the base changed into a straight, thinner line. The American Buffalo coins are based on Fraser’s Type I design.

Buy this beautiful American Buffalo gold coin now at a great price.

On the obverse of the coin is striking image of a Native American, which is based on three different American Indians. Fraser gave the names of two of the individuals, but he was not able to remember the name of the third. Chief Two Moons of the Cheyenne and Chief Iron Tail of the Lakota Sioux tribes were the ones whose names Fraser revealed. Chief Big Tree’s name has come up as the remaining model, but no documentation has been found to prove that is the case. The proud image of the Native American is in profile, facing right, with feathers adorning his hair. The obverse coin’s inscriptions have the “W” mint mark of the U.S. Mint at West Point, the year of issue and the word “Liberty”. In fact, all of the 24-karat American Buffalo coins were struck at the West Point United States Mint.

The reverse of this magnificent gold bullion coin has the noble image of the bison, which people mistakenly call a buffalo. That is not correct. The bison is a member of the buffalo family, but there are no buffalo found in North America. Black Diamond was the model for the impressive gold coin and lived in the New York Central Park Zoo. On the arc above the bison is “United States Of America”, with “In God We Trust” and “E Pluribus Unum” inscribed below. Also on the reverse is the weight and face value of the coin.

A proof version of these dazzling American Buffalo coins was made for collectors. Proof coins are struck multiple times with highly-polished dies, creating an amazing two-tone finish. This gives the coin a greatly reflective background and raised, frosted designs. The burnished finish produces a matte, smooth look over the entire coin. This striking appearance causes the proofs to be easily distinguished from the standard variety. Due to the huge popularity of these exquisite American Buffalo coins, the U.S. Mint now offers the proof and the standard 24-karat gold coins in one ounce, one-half ounce, one-quarter ounce and one-tenth ounce, as well as four-coin sets. Some of our great nation’s most popular coins have either featured American Indians, or their legendary culture in one form or another. These awe-inspiring American Buffalo coins are extremely coveted by both investors and collectors, due to Fraser’s phenomenal, original designs, the fineness of the gold and the meticulous craftsmanship of the U.S. Mint! Buy this beautiful coin at GovMint.com for Gold! Click here!

 

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