2020 American Gold Buffalo One Ounce Coin (Uncirculated)

Description

The American Buffalo Coin is the first ever 24-karat gold bullion coin, produced by the United States Mint, and it is .9999 pure gold. Compared to the American Gold Eagle coin, which is only a 22-karat gold bullion coin. Due to the 24-karat gold content of the American Gold Buffalo coin, it is also a physically softer coin than the American Gold Eagle and more precautions need to be taken while handling and storing it.

History:

The United States Mint started minting these coins in 2006, and the American Gold Buffalo coins immediately became a hot commodity for collectors and investors interested in buying gold coins. The American Gold Buffalo Coins represent a great way to buy gold at lower premiums over the current gold price, compared to the American Eagle coins. Inspired by the highly popular Type 1 Buffalo Nickel, the American Gold Buffalo Coins were designed by James Earle Fraser. Fraser was a student of another gold coin legacy designer, Augustus Saint-Gaudens. James Earle Fraser experienced life first-hand with the Native Americans and the struggle of being pushed into confined reservations. James Earle Fraser is best known for his Buffalo Nickel design and his “End of the Trail” sculpture, depicting the physical, sociological, and emotional exhaustion the Native Americans endured as settlers took over their land.

Coin Highlights

-First United States coin to be 24 karat gold.
-Legal Tender Value of $50.
-In brilliant uncirculated condition.
-Dates are dependent on inventory.
-Packaged in a plastic coin flip.
-Obverse design: Displays a side profile portrait of a male Native American. The coin’s date of mintage is discreetly noted on the obverse as well. Also, carries a “F” mark, underneath the date, that stands for Fraser, the designer.
-Reverse design: The famous American Bison, Black Diamond, is pictured. The coin’s weight and purity are inscribed below the animal, as well as the legal tender value of $50.