American Buffalo Gold Coin

American Buffalo Gold Coin History

Gold Coin Prices

Before you invest in Buffalo gold coins, it would be helpful learn a little about the history of the American Buffalo Gold coin. Did you know that it was first offered for sale by the U.S. Mint in 2006? This happens to be the US Government's first time to mint 24K gold coins for public consumption. While past price appreciation never guarantees future growth, these silver dollar values have consistently trended upward over time.

The American Buffalo coin has a legal tender of $50. The coin's proof edition was sold for $800 and its price continued to rise as each year passed. There was even a Presidential $1 Coin Act of 2005 that mandated a face value of $50 for the 24K coin together with a limit of only 300,000 pieces to be minted and sold.

American Buffalo Gold Coin

Here's some trivia about the History of the American Buffalo Gold Coin:

The original edition of the coin with the drawing of the bison or the American buffalo came out in 1913 and was designed by James Earle Fraser.

In order to compete with other 24K gold coins in the market, the U.S. Government ordered the creation of the American Buffalo Gold Coin. They were losing ground with Canada's Gold Maple Leaf coin as the gold coin preferred by investors due to its higher gold content.

Even though the U.S. Government has the Gold Eagle coin, the American Buffalo Gold Coin is more attractive for investors due to its 99.9% pure versus the 91.67% of the latter. So that's why in 2008, minting of the buffalo gold coins temporarily stopped since it can't keep up with the demands of the market.

The history of the American Buffalo Gold Coin has shown that investors can easily seek safety with gold to get through the current economic downfall.

 Gold Eagle Proof