Bullion Coins: American Gold Buffalo
American Gold Buffalo Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint. Production of the American Gold Buffalo coins is authorized by Public Law 109-145, dated December 22, 2005, also known as the Presidential $1 Coin Act of 2005. The new American Buffalo Gold coin’s obverse and reverse designs feature images
The Native American depiction on the American Gold Buffalo coins obverse is believed to be based on three different American Indians. Two of the American Indians who modeled for Fraser as he sculpted the coin were named by the designer before his death. They were known as Chief Iron Tail of the Lakota Sioux and Chief Two Moons of the Cheyenne. Although many have claimed to have had a sitting with Fraser for this design, he could not recall the name of the third person and satisfactory documentation has not yet been found to identify that individual.
It is widely believed that the bison on the coins reverse was modeled after Black Diamond, a popular attraction at the New York Zoological Gardens.
The Presidential $1 Coin Act of 2005 mandated the production of the American Gold Buffalo Coin. Both the American Gold Buffalo Bullion and Proof Coins portray the images of the revered Buffalo Nickel of 1913, Type 1. Originally prepared by noted American sculptor James Earle FraserJames Earle Fraser, once a student of Augustus Saint-Gaudens, for America’s 5-cent coin (nickel), the iconic James Earle Fraser image of an American bison graces the reverse (tails side), and Fraser’s classic design of an American Indian is featured on the obverse (heads side). That popular coin, known as the Indian Head, or Buffalo, nickel was introduced in 1913 and showcases the native beauty of the American West.
The American Gold Buffalo Coin has inscriptions of the coin’s weight, denomination and gold content incused on the reverse (Buffalo side) in the design area commonly known as the “grassy mound.” The inscriptions read “$50,” “1 OZ” and “.9999 FINE GOLD.” The proof version will bear the W mint mark of the United States Mint at West Point, New York. .
Composition: .999 Fine Gold
Mint: US Mint at West Point
Release Date: June 22, 2006
Current Prices (informational only)
1 Oz American Gold Buffalo – $1,311.00
1/2 Oz American Gold Buffalo – $655.50
1/4 Oz American Gold Buffalo – $327.75
1/10 Oz American Gold Buffalo – $131.10