Are you looking for a profitable investment opportunity? The best way to increase your wealth and achieve your financial objectives is to purchase an American Buffalo gold coin.
So, what is an American Buffalo gold coin? The American Buffalo gold coin is the first 24-karat coin to be produced in the United States, which was first made available in 2006.
American citizens who want to own and invest in pure gold can do so by purchasing this gold coin, which was its intent.
This coin doesn’t have a rich history, being available in 2006, but it is valuable, especially when reselling. Learn more about the American Buffalo gold coin below.
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What is an American Buffalo Gold Coin?
The Presidential $1 Coin Act of 2005, also known as Public Law 109-145, authorized the minting of the American Buffalo gold coin for the first time in June 2006.
This instance was the first time in history that the U.S. Mint produced a .9999 pure 24-karat gold coin.
The coin’s development was meant to compete with 24-karat bullion options from other nations, like the Canadian Gold Maple Leaf.
According to the U.S. Mint, a Native American portrait on the front of the coin honors the legacy of the US’s first inhabitants. On the coin’s reverse, a buffalo is depicted facing left, perched atop a rock.
These James Earle Fraser designs were originally featured on the 5-cent coin known as the “Buffalo nickel.”
The U.S. Mint minted the “Indian Head” and “Buffalo” nickels between 1913 and 1938.
How Much Are American Buffalo Gold Coins Worth?
The American Buffalo gold coin bullion’s legal face value is $50. However, when it comes to reselling them, Buffalo coins are incredibly valuable.
Since they are pure gold, they will reflect the state of the gold market, which is now $1,750 per ounce. The asking price for a gold American Buffalo currently sits at $1,863.60.
American Buffalo Gold Coins
As you are aware, the American Buffalo gold coins were the country’s first 24-karat coins. Even though this coin was made in 2006, it still has a history, which you can learn more about below.
History of the Buffalo Coins in the United States
The Presidential $1 Coin Act of 2005 authorized the release of the American Buffalo coin. Despite being first proposed in 2004, this bill wasn’t signed into law until December 2005.
The goal of the act was to modernize US coins and counter the dominance of 24-karat gold coins in the foreign bullion market.
The only choice for investors and collectors before the 2006 release of the American Buffalo coin was the American Gold Eagle.
Compared to Buffalo coins, which had 99.99% gold content, this coin only had 91.67% gold. However, the American Buffalo Coin, the first 24-karat gold coin made in the United States, ended this.
As a result, the American Buffalo quickly rose in popularity, driving up its price. The coin is still popular every year it is produced, making it a fantastic investment opportunity.
Sizes of the Coins
The gross weight of an American Buffalo gold coin is approximately one troy ounce (31.1035 grams) of pure gold.
The size of this gold coin is roughly the same as a U.S. half-dollar coin, with a diameter of 32.70mm and a thickness of 2.95mm.
Pros and Cons
Owning an American Buffalo gold coin has many advantages, including having the highest level of purity among many other gold coins.
Having 24-karat pure gold makes it known that this coin is the purest gold coin minted in the United States. American Buffalo gold bullion coins have a stunning design and are highly prized by both investors and coin collectors.
Due to their availability in several sizes, American Buffalo gold bullion coins are a fantastic option for many different budgets.
- 99% pure gold
- Great for investments
- One of the best gold coins on the market
- Available in a variety of sizes
There aren’t many low points when it comes to the American Buffalo gold coin. But, one downfall we should note is how prone to scratches this coin is.
This downside is mainly due to the Buffalo coin’s high karat composition, which is why you should handle them carefully.
- Easy to scratch
- Must handle carefully
Are American Gold Buffalos a Good Investment?
So, should you invest in the American Buffalo gold coin? This coin is undoubtedly one of the best investment opportunities and is one of the most highly sought-after gold coins just makes this a proven fact.
Being the first 24-karat pure gold coin produced in the U.S. puts this coin amongst the most valuable coins, like the Krugerrand gold coins.
The American Buffalo gold coin bullion’s legal face value is $50. However, the asking price for a gold American Buffalo is currently $1,863.60.
You can finally increase your wealth and achieve your financial objectives with ease with the American Buffalo gold coin.
So, search for a Buffalo coin today to get started on this can’t-miss opportunity.
Here is some more information on the American Buffalo gold coins.