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Value of American Buffalo gold coin

First offered for sale in June of 2006, the American Buffalo gold coin was the first 24-karat gold bullion coin to be offered for sale by the United States Mint. This coin is also known as the "gold buffalo", which gained this nickname due to the image of the American Bison on the reverse side of the coin.

The American Gold Buffalo coin has an image of an Indian head on the front side. This is the first time in history that the United States government minted a pure gold coin which was available to the general public. The face value of the American Gold Buffalo coin is $50, but is much greater for a proof coin.

A proof coin is an early sample of the issue of a coin. In 2006, the proof coin value of an American Gold Buffalo coin was $800. In 2007 the value went up to $899.95, with the present value now being around $950 for an American Gold Buffalo proof coin. There were only 300,000 of these coins produced, and there was also a limit of 10 per household strictly enforced as well. The question is, how do you know the difference between a proof coin and a regular coin?

For the American Gold Buffalo coin, a proof coin is distinguished by a "W" on the front of the coin. You will find the "W" behind the neck of the Indian. The bullion version will not have this "W" on it, so be sure to check this first if you are interested in acquiring a proof coin of the American Gold Buffalo.

While these coins were only available as a one ounce gold coin, in 2008 smaller versions of these coins were issued. There now included a 1/10 of an ounce coin for $5, a 1/4 ounce for $10, and a 1/2 ounce version for $25. Sales of the American Buffalo coins were halted in September of 2008 as the U.S. Mint had trouble keeping up with the increasing demand of these coins.

While the face value of this gold bullion coin may only be $50, obtaining a proof coin is worth over 10 times that. Being lucky enough to have the available limit of ten per household could prove to be a nice investment for the future.

Buy Cheap Gold Buffalo Coins Online Safely

The gold buffalo coin, is one that is readily on any collector’s wish list. But where to find the coin can be a problem. For a very nice deal, you may want to take a look on Ebay.

Many first time collectors start out on Ebay, and find that their purchases are of very good quality. That is because Ebay keeps an eye on what is being sold, and where it's being sold. They notify customers as well as patrons quickly, if they find the slightest detail wrong, or suspect something might be wrong.

Ebay is one of the top auction sites for finding old, rare, and quality deals, especially on coins. Ebay has many safety features installed to help prevent fraud and illegal selling of fake coins, therefore buying on Ebay, is a very good choice when it comes to adding to your collection, or simply getting a start.

Ebay is one of the highest recommended places for buying and selling coins on the Internet, because of their strict guidelines, procedures, and safety measures. The U.S. Mint would be another place that coins can be safely purchased.

According to the U.S. Mint, the American Buffalo Gold Bullion Coin represents the convergence of timeless elegance in numismatic design and quality in coinage production. The coin is made of .9999 pure fine gold.

Congress authorized the Gold Buffalo Coin in 2005 and first minted in June 2006, American Buffalo Gold Bullion Coins are among the world's purest gold coins, with the gold being obtained from newly mined sources in America.

United States Mint gold bullion coins are the only official investment-grade gold bullion coins whose weight, content and purity are guaranteed by the United States Government.  In October 2009, the number of American Bouillon coins sold was 86,000.

American Buffalo 24-Karat Gold Coins Guide

Production the American Buffalo 24-karat gold coins were authorized by Public Law 109-145, dated December 22, 2005, also known as the Presidential $1 Coin Act.

The American Buffalo Gold coin's obverse and reverse designs feature images originally prepared by noted American sculptor James Earle Fraser, once a student of Augustus Saint-Gaudens, for America's 5-cent coin (nickel).

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 Native American depiction on the 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.

In the first year of the coin’s issuance, 1913, there were two distinct varieties, the first showing the bison on a mound and the second with the base redesigned to a thinner, straight line. American Buffalo Gold Coins bear the original Fraser Type I design.

United States Mint American Buffalo Gold Bullion Coins

American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint and offered for sale through a network of Authorized Purchasers. These $50 gold coins are available to members of the public seeking a simple and tangible means to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the United States Government.

American Buffalo Gold Bullion Coins are available at many coin and precious metals dealers as well as many brokerage houses and participating banks. Pricing for precious metal investment coins typically depends on the market price of the metal. Click here to locate a dealer.

United States Mint American Buffalo Gold Proof Coins

The United States Mint produces a proof version of these coins for collectors. The term "proof" refers to a specialized minting process that begins by manually feeding burnished coin blanks into presses fitted with special dies. Each coin is struck multiple times so the softly frosted and highly detailed images seem to float above the field.

An official Certificate of Authenticity accompanies each coin. American Buffalo Gold Proof Coins sell at a fixed price and can be purchased directly from the United States Mint.

Product Information

All 24-Karat American Buffalo Gold Coins are struck at the United States Mint at West Point. The 24-Karat American Buffalo Gold Bullion Coins are minted and sold in the same manner as American Eagle Bullion Coins.

United States Mint Sales Totals for American Buffalo Coins

Source: US Mint

2009 American Buffalo Gold Proof Coin to be Released by U.S. Mint

The United States Mint announced today that it will begin accepting orders for the one-ounce 2009 American Buffalo Gold Proof Coin at noon Eastern Time (ET) on October 29, 2009. Its price will be based on the United States Mint’s pricing structure for numismatic products containing precious metals.

As a result of the numismatic product portfolio analysis conducted late last year, fractional denominations of the American Buffalo Gold Proof and Uncirculated Coins, as well as the American Buffalo Four-Coin Set, are no longer offered for sale.

The obverse (heads side) and reverse (tails) designs of the American Buffalo Gold Proof Coin are based on the original 1913 Type I Buffalo nickel by James Earle Fraser. The coin’s obverse bears the profile of a Native American. Inscriptions on the obverse include LIBERTY, 2009, the initial F for Fraser and the W mint mark for the United States Mint at West Point. The coin’s reverse features the revered American Buffalo, also known as the bison. Inscriptions on the reverse are UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, $50, 1OZ., and .9999 FINE GOLD.

Each 2009 American Buffalo Gold Proof Coin is presented in an elegant hardwood box with a matte finish and a faux leather inset. The coins are exhibited on a platform which can stand at an angle for display when the box is open. A custom-designed Certificate of Authenticity signed by the Director of the United States Mint is also included.

The United States Mint will accept orders for the 2009 American Buffalo Gold Proof Coin at its secure Web site http://www.usmint.gov/catalog or at the toll-free number 1-800-USA-MINT (872-6468). Please add $4.95 for shipping and handling. There is no mintage or household order limit for this product.

The United States Mint, created by Congress in 1792, is the Nation’s sole manufacturer of legal tender coinage. Its primary mission is to produce an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time October 29, 2009, noon ET, shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint’s Frequently Asked Questions, Answer ID #175.

By US Mint on Thursday, October 22, 2009

Why Invest in American Buffalo Gold Coin

The American buffalo coin has a history that goes back to as far as the year 1913 when it was first produced by the US Mint. Just three years ago, the American buffalo coin saw an end to its mass production, but a coin very similar to its design came into being: the American buffalo gold coin. The American buffalo gold coin is created by the US mint, consists of 24 karat gold, and was first produced in the summer of 2006. People are choosing to make an investment in these stunning coins, not only because of their striking designs, but because they contain pure gold.

The American buffalo gold coin has an obverse side which presents the striking and sharp profile of a Native American Indian; the date of the coins creation is seen in the neckline of the profile, and the word “LIBERTY” appears in an arc in the upper right hand side of the obverse presentation of this coin. The reverse side of the American buffalo gold coin depicts a highly detailed American Buffalo with the numeration of $50.00 and the words “.9999 1 OZ. Pure Gold,” marked at the bottommost part of the reverse side of this coin. The uppermost part of the coin reveals the words “UNITED STATES OF AMERICA” as well as “E Pluribus Unum,” which literally translated comes to mean, “Out of one, many.” Uncirculated versions of the American buffalo gold coin have been severely limited in terms of production: only 300 thousand of these coins have been created and they are therefore among the most coveted types of buffalo gold coins presently available.

The American buffalo gold coin was made specifically to gain the attentions of avid coin collectors; the government sought to appeal to coin collectors seeking other gold coins from other parts of the world and therefore purposefully had the buffalo gold coin designed. These coins are not only amazingly crafted, but they will continue to increase substantially in value over time. Adding these coins to a collection not only serves as a wise investment, but proves to be a more than satisfying endeavor for the coin enthusiast.

Overview of American Buffalo Gold Bullion Coins

Investors in Gold Have Another Choice

For the first time in its history, the United States Mint is proud to offer its customers the opportunity to purchase a 24-karat gold bullion coin.

The American Buffalo Gold Bullion Coin represents the convergence of timeless elegance in numismatic design and uncompromising quality in coinage production, the result of which is this one ounce coin made of pure .9999 fine gold.

Authorized by Congress in 2005 and first minted in June 2006, American Buffalo Gold Bullion Coins are among the world's purest gold coins in terms of the fineness of the metal they contain. Each coin contains its full, stated weight of pure gold. By law, the gold for United States Mint American Buffalo Gold Bullion Coins must be taken from newly mined sources in America. They are struck at the United States Mint at West Point, New York. While struck at West Point, American Buffalo Gold Bullion Coins do not have a mint mark.

Purity, Weight and Content Guaranteed

United States Mint gold bullion coins are the only official investment-grade gold bullion coins whose weight, content and purity are guaranteed by the United States Government. Like the U.S. dollar, gold bullion coins are welcome in major investment markets worldwide. Investment firms have for years considered pure, 24-karat (.9999) fine gold coins to be bullion eligible for U.S. Individual Retirement Accounts (IRAs). Consult with your investment firm on whether it has decided to include pure .9999 American Buffalo Gold Bullion Coins in its portfolios.

Easy to Buy and Sell

One measure of an investment is liquidity, or the ease with which an asset can be converted to cash. The American Buffalo Gold Bullion Coin, with its unique backing by the United States Government, can be sold for cash at most coin and precious metals dealers worldwide. Although the coin is also United States legal tender, its face value is largely symbolic as the value of the gold it contains has historically been far greater.

Source: US Mint

US Mint Total Sales for American Buffalo Gold Coins

2009 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

2008 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

2007 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

2006 American Buffalo Gold Coin Sales Totals (in ounces / number of coins)

US Year-Dated Coins Sold for American Buffalo Bullion Coin (2006-Current)

Source: US Mint

Where to Buy Gold Buffalo Coins

Gold Buffalo coins, a.k.a. American Buffalo gold coin, are highly coveted collector coins because of their beautiful, pristine designs as well as gold content guaranteed by the US government. The reasons behind why collectors seek out gold coins are quite diverse. Coin collectors often choose to invest their money in gold buffalo coins as well as other types of gold Bullion coins simply because the investment is far more promising than other, more risky investments. Other collectors like the tangibility of gold coins and prefer to have them as a type of golden nest egg which can be quickly converted to cash in times of dire need. Others simply want to add gold to their investment portfolio in order to combat the deflation facing the global economic turmoil.

Gold Buffalo coins can be purchased right on the Internet at the best prices with little hassle, comparing to the traditional local coin shops. Coin collectors can add gold buffalo coins to their ever-growing coin collections with relative ease. There are a number of excellent, reputable websites online offering coin collectors the opportunity to invest in gold buffalo coins. Online coin auction sites are definitely the best place to begin the shopping process for gold buffalo coins. At online coin auction sites, coin collector can instantly locate gold buffalo coins created in the years 2006, 2007, and 2008, silver Buffalo coins as well as older Buffalo Nickels that are presently being auctioned off by coin sellers online. All buffalo coins auctions are presented on a single website thereby saving the coin collector hours of research when seeking gold buffalo coins online.

At online coin auction sites, the collector can see full colored images of the buffalo coins for sale, the number of bids is instantly revealed, the going price for the gold buffalo coins is presented, and the time left on every auction is also supplied. Each entry in the live auctions is supplied with a detailed description of the coins in question, and the coin collector can carefully assess all gold coin offerings in a single virtual environment. Online auction sites also provide the ability to shop among proof gold coins and uncirculated gold coins too; each of the latter coin designs offer up specific looks in terms of their overall appearance.

Slowing Sales for 2009 Proof Gold Buffalo

The pace of sales for the 2009 Proof Gold Buffalo has showed a constant, steep decline since sales began on October 29, 2009. The latest sales report shows 4,316 coins sold in the latest weekly sales period.

The total number of coins sold to date is now 32,271. This is comprised of 19,468 coins sold during the opening three days, then 8,487 coins sold during the following week, and 4,316 coins sold in the most recent week ending November 15.

It is common for the pace of sales for newly released US Mint products to decline significantly following their initial release. The Ultra High Relief Double Eagle showed an even steeper rate of decline following its release. After selling more than 40,000 coins in the opening 3 days, less than 5,000 coins were sold in the following two weeks. By the sixth week, less than 1,000 coins were sold in a week.

The 2009 Proof Gold Buffalo has been holding up better by comparison. Sales have been supported by the lack of household ordering limits and the general popularity of the Gold Buffalo series. Factors holding down the rate of sales include anticipated higher mintage and the relatively high price of the coin, which was just raised this week to $1,410.

In the long run, some collectors are hoping for a low mintage for the 2009 Proof Gold Buffalo to support future premiums. It does seems likely that the 2009 mintage will fall below the level of the 2007 Proof Gold Buffalo which had 58,998 coins minted. It has already surpassed the low set by the one ounce 2008 Proof Gold Buffalo which was recently adjusted to 25,496 (unconfirmed).

Source: mintnewsblog.blogspot.com

2001 Silver Buffalo Buying Guide

2001 silver Buffalo coin is a strikingly beautiful commemorative coin. Commemorative coins are those coins issued to honor some American events, people, places or causes. Although commemorative coins have legal tender value, they are not released for regular circulation purpose. Commemorative coins are produced in limited quantity and only available for a limited time, making them especially popular among collectors or investors.

2001 silver Buffalo coin was issued to the public by the U.S. Mint on June 7, 2001. A total of half million silver Buffalo coins were minted and were sold out in three weeks. The silver Buffalo coin was minted to celebrate the opening of National Museum of American Indian of the Smithsonian Institution. The design of Silver Buffalo coin is a replica of the famous 1913 Buffalo Nickel by James Earle Fraser (1876-1953). The face side of the coin portrays a Native American Chief and the word "Liberty." The back side design is an American bison standing on a mound of dirt, which many people believe is based on Black Diamond, a real-life buffalo of the New York Bronx Zoo. Bison has been closely linked to the lives of Native Americans, who hunted bison and used the carcass for everything from shelter and food to needles and cooking implements.

The 2001 silver Buffalo coin is 90% silver and 10% copper, with a face value of $1 US dollar. There are two versions of silver Buffalo coins. The Proof version is minted in Philadelphia, PA, with a "P" Mint Mark inscribed on the coin. The uncirculated version of silver Buffalo coin is minted in Denver, CO, with a "D" Mint Mark inscribed on the coin.

Because of a great demand of the 2001 silver Buffalo coins among collectors and investors, there are some counterfeits in the market selling as the real thing. Besides numerous differences in the coin appearances and details between the authentic and fake ones, you can also weight the coins, or check coin sizes and thickness. You can also subject it to the magnet test. A silver coin won't be attracted to the magnet, but a fake steel coin would. Before you decide to purchase a silver Buffalo coin, remember to ask for a certificate of authenticity.

There are many sources to buy 2001 silver Buffalo coin today. can visit local coin shops, or order from mail catalogs. In my opinion, however, the best place to purchase silver Buffalo coin is online. The accessibility of the internet has made buying coins much easier than it ever was before. BuffaloCoin.com offer a wider selection and up-to-the-minute deals comparing to the traditional coin retail shops. Always remember to buy from a reputable seller when shopping silver Buffalo coin online. You can look up the sellers' feedback scores, or carefully read the comments from previous customers to determine if the seller is reliable or not.