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The Gold American Buffalo is a .9999 pure, 24-karat 1 oz. gold bullion coin, first offered for sale by the United States Mint on June 22, 2006. Prior to this, the only gold bullion coin was the American Gold Eagle which is 22-karats, with an alloy of copper and silver added for durability. This makes the American Gold Eagle coin larger and heavier than a comparable American Gold Buffalo.
Realizing a demand for a 24-karat gold coin, the U.S. government authorized the Gold American Buffalo with the Presidential $1 Coin act of 2005. The design of the American Buffalo is a modified version of the noted Buffalo nickel designed by James Earle Fraser and first issued in early 1913. The obverse of the coin depicts a Native American profile, and the reverse features an American Buffalo with inscriptions of weight, denomination and gold content.
The American Gold Buffalo weighs 31.108 grams, has a diameter of 32.7mm., a thickness of 2.95mm, and has reeded edges. Some Gold American Buffalo Bullion coins are eligible for metals IRAs. Our gold prices and silver prices continuously update to reflect market prices. Call a GainesvilleCoins.com representative at (813) 482-9300 to discuss how to buy Gold Buffalos, or other gold bullion coin offering for your investment portfolio.