Buy Gold Buffalo Coins
It would be another 20 years before the United States Mint struck its first-ever 24-karat gold coin. Though many other 24-karat gold products have since been introduced by the United States Mint, the American Gold Buffalo remains the first in mint history to feature such stunning gold content. Learn more about the history of the American Gold Buffalo, one of the many gold coins for sale through JM Bullion.
buy gold buffalo coins
The United States Mint unveiled the American Gold Buffalo bullion coin in 2006, featuring the historic Buffalo Nickel design from James Earle Fraser and a gold content of .9999 fineness. The American Gold Buffalo was the first-ever coin from the US Mint to feature 24-karat gold, and in 2016 the mint celebrated the 10th anniversary of this highly coveted bullion coin.
The Bullion and Collectible Coin Production Efficiency and Cost Saving Act became law in the US on December 4, 2015. In addition to provisions impacting the American Gold and American Silver Eagle coins, the law set forth provisions to establish the American Gold Buffalo as the permanent .9999 fine gold bullion coin of the United States, meaning its annual production is all-but guaranteed following its 10th anniversary.
Demand for American Gold Buffalo coins has remained relatively stable since its 2006 introduction. The long-awaited debut of an American bullion coin with .9999 pure gold led to a rush for the coins in 2006, with 337,012 coins sold. Most ears the average sales are around 200,000 in total, with a low point coming in 2012 at just 100,000 coins. Heading into the month of December 2015, sales for that year stood around 220,000 and 30,000 coins sold in the month of January 2016 as the 10th anniversary celebration arrived.
Additionally, there was a unique striking of the American Gold Buffalo coins just three years into production in 2008. The American Gold Buffalo coin is typically struck each year in both bullion and proof, but for 2008 only there was a mintage of fractional-weight coins in this collection. In addition to the 2008-W oz Burnished American Gold Buffalo coin, the US Mint also prepared 1/10 oz and oz coins for collectors.
Many of the 2008-W Burnished American Gold Buffalo Coins in the fractional release are considered unique Specimen Proof 70 coins. Considered perfect coins with full, original mint luster and no detracting flaws, specimen is a rarely issued grade referring to coins that are specially struck and uniquely handled, with a distinctive finish similar to proof coins but still unique compared to their collectible proof counterparts.
JM Bullion also carries a variety of American Gold Buffalo coins in certified condition from either the Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS). If you are looking to buy gold with great value, certified gold coins are an excellent option.
Before the NGC and PCGS formed formal certification process, it was generally agreed upon that physical condition, or grade, of the coin was important to the value. However, there was not a universal system for grading or even a universal standard that could be applied. Prior to the 1980s, rare coin collectors had only three broad categories to place coins into based upon their condition. These included:
American Gold Buffalo coins are one of the most highly regarded bullion coins in the world. Minted by the United States Mint, the American Gold Buffalo is the first-ever 24-karat gold coin produced by the US government, featuring a design inspired by the historic Buffalo Nickel.
This gold coin was created as a response to the growing demand for gold bullion coins in the early 2000s. After the astounding success of the 22-Karat American Gold Eagle, the US Mint wanted to produce a coin with a higher purity of gold, hoping to attract more investors and collectors to the American Gold Buffalo.
Since its introduction, the American Gold Buffalo has become one of the most popular bullion coins in the world. The coin is recognized for its beautiful design, high level of purity, and overall value. American Gold Buffalos are minted in limited quantities each year, making them a highly sought-after addition to any collection or investment portfolio.
Besides being an official 24k gold coin, the coin's popularity is attributed to the beloved design of US history: the iconic American Bison. It is the same motif as the Buffalo Nickel, created by James Earle Fraser in 1913.
Bullion coins are traded based on their metal content and premiums. Thus, the American Buffalo is worth its weight in gold, which is higher priced than their monetary denomination, considering the current gold spot price, plus a premium charged by dealers.
As a commodity, bullion tends to remain valuable over time and is less prone to devaluation in case of market instability. That makes bullion coins, such as American Buffalos, a sensible option for investors looking for diversity in their investment portfolios.
According to the IRS - Internal Revenue Service, gold coins must be at least 99.5% pure to be eligible for an IRA - Individual Retirement Account. As the American Gold Buffalo contains 1 Troy ounce of 99.9% pure gold, they are indeed eligible for IRAs.
The value of Gold Buffalo coins and Gold Eagle coins can fluctuate based on various factors, such as rarity, condition, and market demand for gold. While both coins are highly valued by investors and collectors, there are differences that may impact their value. Gold Buffalo coins have a higher level of purity (99.99%) than Gold Eagle coins (91.67%) and may be more attractive to some collectors, but ultimately their relative value depends on the specific circumstances of the market.
Gold labeled as 24-karat represents the highest purity level of gold. On a scale of 24 parts, all 24 shares are pure gold, utterly free of alloys with other metals. Because of their malleability, these coins tend to be vulnerable, demanding more care when being handled. Lower caratage gold, 22k or 18k, are typically alloyed with silver and/or copper, making these coins stronger and more resistant.
American Buffalo Gold Coins are legal tender, .9999 pure 24-carat, 1-ounce gold with a face value of $50. They were first minted in June 2006 under the Presidential $1 Coin Act of 2005. Title II of the act announced the striking and issuing of $50 Gold American Buffalo bullion and proof coins. It marked the first time in history that the U.S. Mint produced a .9999 pure 24- carat gold coin. Classically crafted, it evokes a golden age of coin artistry.
GoldCore sells gold buffalo and all major bullion bar and coin products. You can pay via bank wire, credit card, or debit card. We make a market in gold buffalo and offer fully insured delivery to all our US clients.
Gold Buffalo coins are competitively priced and highly popular. They are an internationally liquid, portable store of value, and a vital form of financial insurance. They are one of the best ways for gold buyers and investors to own physical gold. They act well as a hedge, protecting American gold buyers from domestic and international financial and monetary risks.
Choosing to invest in the American Gold Buffalo coin is an excellent way to hedge your portfolio against inflation and add diversify to minimise risk. Only in production for 13 years, these 24-carat gold coins are amongst the purest and most well-respected gold bullion products in the world.
American Buffalo gold coin is an investment in pure gold; holding one of the highest purities of any 1oz gold coin on the market, it has a .9999-fineness. It is beneficial for exposure to the gold price, but more importantly, it offers the diversification and can also offer the financial insurance benefits of physical gold bullion. Gold buffalos also became popular due to its easy storage and delivery by post.
American Buffalo Gold Bullion Coins are one ounce of .9999 fine 24-karat gold. They are investment-grade coins whose weight, content, and purity are guaranteed by the United States government. Although the coin is also legal tender, its face value of $50 is largely symbolic as the value of the gold it contains has historically been far greater.
By law, the gold for American Buffalo Gold Bullion Coins must be taken from newly mined sources in America. They are struck at the United States Mint at West Point, New York, but do not have a mint mark.
The U.S. Mint does not sell American Buffalo Bullion Coins directly to the public. Locate an authorized dealer. Prices are based on the market price of gold, plus a small premium to cover coining and distribution costs.
American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the Mint. These $50 gold coins are available to members of the public seeking a simple and tangible way to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the U.S. government.
Money Metals Exchange is proud to offer the beautiful one-troy ounce Gold American Buffalo. The United States Mint began production of this coin in 2006 as a direct competitor to the Canadian Gold Maple Leaf and other pure gold bullion coins. It also provides an alternative to the popular 1 Oz American Gold Eagle coin, for investors with whom purity matters. The Buffalo is minted in .9999 fine gold (24 karat) rather than the .9167 (22 karat) pure metal used for the Eagle. While both coins contain a full troy ounce of gold, the American Buffalo gold is slightly smaller in size because it does not contain the alloy metals, meaning no silver and copper.
The gold mint American Buffalo is a striking coin with a profile image of a Native American chieftain stamped on one side and the iconic Buffalo on the other. It is a "legal tender"and carries a denomination of $50. Each coin is guaranteed by the US Mint for the weight and purity marked on the reverse side - 1 oz .9999 fine gold.
Mintages of the gold American Buffalo coins, are often lower than for the more popular Gold Eagle coin, but it is more than popular enough to ensure liquidity. Dealers buy and sell the coin in good volume - akin the world's other well known gold coins (.9999 pure) such as the Canadian Maple Leaf, Austrian Philharmonic and Australian Kangaroo. Investors can buy it with confidence. They will be getting a coin with unique aesthetics, without paying a high premium. 041b061a72