The American Gold Buffalo coin made by the United States Mint is a wonderful gold coin and is a favorite amongst coin collectors and also those who collect precious metal . This 24 karat gold bullion became obtainable June 2006, and the coins were just available in the one ounce size . In 2006 the US Mint release 300,000 and restricted the total number of coins purchased for every household to 10 . The face value of the one ounce coin is $50 .
The design for this coin is nostalgic in that it uses the images made by James Earle Fraser for the old "buffalo" nickel. The obverse side has a profile of a Native American Indian and an American Bison (buffalo) on the reverse side.
The initial 2006 proof coins have a "W" stamped on the obverse side beside the neck of the Native American Indian, that implies that it has been minted at the West Point Mint in New York.
A lot of people who collect coins like to collect a particular coin by every year they are produced. For the American Buffalo Gold coin, collectors do have a choice of the following years: 2006, 2007 and 2008. For 2006 and 2007 coins, only the one ounce size is accessible. In 2008, the United States Mint made some other sizes available such as: 1/10 ounce - $5; 1/4 ounce - $10; 1/2 ounce - $25.
Though the face value of the coin is $50, the real value is much more in the precious metal of gold. For example, the first 2006 proof Gold Buffalo coin cost $800, and the 2007 proof Gold Buffalo coin cost $899.95, which is an increase of 11%.
The American Gold Buffalo coins do have a couple of special productions . For instance there's the 08-08-08 Double Prosperity coin set which includes a 1/2 ounce 24 karat gold buffalo coin as well as a 1/2 ounce 22 karat gold eagle coin. The date is commemorated because it is regarded as blessed and just happens once every century.
One other exciting way to gather these coins is to purchase the "first strike" or "first issue." Most of the fractional sizes produced in 2008 are now out of stock at the United States Mint and have become much more valuable / collectible.
The American Gold Buffalo Coin is a great coin to collect and there are various other great options for gold investments.
The design for this coin is nostalgic in that it uses the images made by James Earle Fraser for the old "buffalo" nickel. The obverse side has a profile of a Native American Indian and an American Bison (buffalo) on the reverse side.
The initial 2006 proof coins have a "W" stamped on the obverse side beside the neck of the Native American Indian, that implies that it has been minted at the West Point Mint in New York.
A lot of people who collect coins like to collect a particular coin by every year they are produced. For the American Buffalo Gold coin, collectors do have a choice of the following years: 2006, 2007 and 2008. For 2006 and 2007 coins, only the one ounce size is accessible. In 2008, the United States Mint made some other sizes available such as: 1/10 ounce - $5; 1/4 ounce - $10; 1/2 ounce - $25.
Though the face value of the coin is $50, the real value is much more in the precious metal of gold. For example, the first 2006 proof Gold Buffalo coin cost $800, and the 2007 proof Gold Buffalo coin cost $899.95, which is an increase of 11%.
The American Gold Buffalo coins do have a couple of special productions . For instance there's the 08-08-08 Double Prosperity coin set which includes a 1/2 ounce 24 karat gold buffalo coin as well as a 1/2 ounce 22 karat gold eagle coin. The date is commemorated because it is regarded as blessed and just happens once every century.
One other exciting way to gather these coins is to purchase the "first strike" or "first issue." Most of the fractional sizes produced in 2008 are now out of stock at the United States Mint and have become much more valuable / collectible.
The American Gold Buffalo Coin is a great coin to collect and there are various other great options for gold investments.
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