2010 1 oz Gold Buffalo MS-70 NGC (Early Release)

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SKU: 71012470

Shipping: Please allow 5 - 7 business days to ship

Available now for only $200.00 over spot!
*Current Spot Price: $1,592.87
*Spot Price based on 1 troy oz

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Bank Wire Curious about how a bank wire transaction works? To do a bank wire transaction, the order needs to be at least $2,000. When you check out, you will need to use a debit or credit card for a 5% non-refundable deposit. Valid credit cards are Visa, Mastercard or Discover. Once your card is charged the 5%, an e-mail is automatically generated that has your sales order details, the 95% balance due, and the bank wire instructions. You have until the end of the next business day to initiate the bank wire for the 95% balance.	Credit Card
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** Gainesville Coins is proud to provide a discount on bankwire purchases. Unfortunately, due to the high costs of receiving a bank wire a minimum order total of $2,000 is required to checkout with this option. We apologize for any inconvenience this may cause you.

Investors and coin collectors all over the world appreciate the beauty and high gold content of the 24-karat $50 Gold Buffalo, MS 70, NGC, 1 oz, Early Release coin. Gainesville Coins is overjoyed to offer collectors this 2010 dated coin in pristine condition and at a very competitive premium price.

"MS" stands for Mint State and 70 is a grade number on a scale of 1 to 70. Mint state coins are coins in the same condition that they were in just after leaving the mint, with no evidence of wear or handling. Mint state coins can still have normal damage from being put in hoppers and bagged, so the degree of damage is evaluated by the number associated with the letter grade. An MS-60 would be the lowest grade of mint state coin, with no wear or handling but numerous "dings", etc. from the minting process.

An MS-70 coin would have no evidence of such damage, and be in pristine condition. Assigning a grade that high is a job reserved for trained experts who could recognize and evaluate even the slightest flaws.

Technically MS70 is a perfect coin showing no trace of wear; the finest quality possible with no evidence of scratches or contact marks from other coins.

About Certified/Graded Coins

“Coin grade” is a term used within the coin industry to indicate the condition, amount of wear or state of preservation of a coin. The grade of a coin is important because it is one of the three critical factors in determining value and future price potential. The other two factors are rarity and demand.

In the United States coins are graded based on the Sheldon numerical scale created in 1949 by Dr. William Sheldon that grades coins from 1 (barely identifiable) to 70 (absolute perfection). Only a tiny fraction of the coins produced each year have the full strike and flawless surfaces required to be considered perfect mint state 70 (MS70) or Proof 70 (PR70). Coins with the grade of 70 generally tend to appreciate in value more quickly than coins in lesser grades.

When you buy a certified coin you are getting a guarantee from an independent third party source that the coin is authentic and genuine, that it has not been altered, tampered with or cleaned. Certified coins are set in clear plastic holders called “slabs”. These slabs are sonically sealed and tamper evident and help protect and preserve the coin in its original pristine MS70 or PR70 condition. A description of the coin and its numerical grade are sealed into the holder; making it easier to place a value on the coin when you want to sell it.

Most coin collections are passed down from generation to generation, often the people inheriting the collection know very little about the coins, the certified holders will allow them to safely handle the coins without damaging them; the numeric grade will help them easily identify each coin and find its true value.

Obverse/Front

The design of the American Buffalo is a modified version of the noted Buffalo nickel designed by James Earle Fraser, which was released from 1913 – 1938. In fact, the same Buffalo nickel design was also used on the 2001 Smithsonian commemorative coin. Frasier, the son of an engineer, was born in Minnesota and very early in his development began carving figures from pieces of limestone.

Later in his adult life and while studying in Paris, Frasier studied under acclaimed sculptor Augustus Saint-Gaudens for four years. Eventually, Frasier relocated to New York where he was commissioned on many high profile projects including the design of the Navy Cross.

The obverse of the coin features the profile of a Native American, which is believed to be a composite of the features taken from the Chiefs of three (3) Indian tribes, Big Tree, Iron Trail and Two Moons.

Reverse/Back

The reverse, or back, of the coins features the famous profile of Black Diamond, a 1,550-pound American Bison then living at the Bronx Zoo portraying the United States’ westward expansion and pioneering spirit.