For over a decade, coin collectors have been enamored with the American Gold Buffalo, a 24-karat (.9999 fine) gold coin that borrows its design from the Buffalo nickel, which was first produced in 1913. Designated as legal tender with a face value of $50, each of these coins contains 1 troy ounce of pure gold by weight. Even better, this coin has received a grade of MS69 from NGC, only one point shy of a "Perfect 70." Its Early Release status means it was graded by NGC within 30 days of being issued by the mint.
The obverse uses James Earle Fraser's original portrait of an American Indian chief. He faces right and is adorned with feathers in his headdress. The legend "LIBERTY" is inscribed along the rim to the right. In the bottom right corner on the chief's shoulder, the year-date "2018" and a small incuse "F" for Fraser are both found. The edge bears a reeded pattern.
Like the obverse, the reverse design borrows Fraser's 1913 engraving of a buffalo standing on a mound of dirt. Incuse inscriptions on the mound include the denomination "$50" and the composition specifications "1 OZ. .9999 FINE GOLD." The issuing nation "UNITED STATES OF AMERICA" runs along the top rim. The mottoes "IN GOD WE TRUST" and "E PLURIBUS UNUM" appear to the left and right, respectively, of the buffalo.
The U.S. Mint continues to produce the Gold Buffalo annually as its only .9999 fine gold coin that is regularly issued. The series has generated consistently strong demand and has been a mainstay of the mint's bullion coin program since 2006. Because "four-nines" gold is so pure and soft, many buyers prefer graded Gold Buffalo coins that are safely protected from wear or environmental damage. Don't hesitate to get your 2018 $50 American Gold Buffalo NGC MS69 Early Release before these coins sell out!