This investment gold coin is the U.S. Mint’s prime coin with 999.9 fineness, or 24 carats. It is thus more fragile than the American best-selling coin, the American Eagle, and must be handled with the utmost care. The latter is more shock and scratch resistant due to its lower gold content.
This coin is also legal tender: $50 for the 1oz coin, $25 for the 1/2oz, $10 for the 1/4oz and $5 for the 1/10oz. In theory, they can be accepted as payment even though they are worth a lot more due to their gold content. Furthermore the demand for these coins is strong and the premium is high, so they are more suitable as investment coins than as a means of payment.
Obverse and Reverse of the American Buffalo
The buffalo is an animal found on the American continent. It is etched on the obverse along with the coin’s face value, its weight and fineness. Also on the obverse are the inscriptions “United States of America”, “In God We Trust” and “E Pluribus Unum” (unity is strength).
On the reverse is the profile of an American Indian. In fact, it is a synthesis of the physical appearance of three popular Indian chiefs: Big Tree, Iron Tail and Two Moons. The letter ‘F’ is engraved under the representation in reference to James Earle Fraser, the sketch creator. You will also find the year of issue and the word “Liberty”, a founding value of the United States.
Obverse: A bison named Black Diamond
Reverse: An American Indian in profile originally
Fine weight: 1 ounce (31.1035gr)
Legal tender value : 50$
Price from different broker
This coin is amongst the U.S. Mint’s most recent, dating back only to 2006. It was immediately successful and only two years later the mint issued three more sizes to add to the classic 1oz coin: 1/10oz, 1/4oz and 1/2oz.