Sell Your American Gold Buffalo Coins to the #1 Buyer in Las Vegas and Henderson, NV
The American Gold Buffalo is a 24K gold bullion coin first minted by the United States Government for public consumption in 2006 using pure (.9999) 24-karat gold. It has a legal tender face value of $50 and is presented with distinctive finishing touches in a refined hardwood box, and is accompanied by a Certificate of Authenticity.
In 2005, the Presidential $1 Coin Act was enacted, authorizing the U.S. Mint to create a series of Presidential Dollar coins in 2007. The act also mandated the Lincoln Cent’s redesign in 2009 to honor the 16th U.S. President’s 200th birthday. Additionally, the act authorized the mint to manufacture a 1-ounce 24K gold bullion coin with a face value of $50 and a mintage of up to 300,000 coins per annum.
Moreover, the Secretary of Treasury shall mint and issue $50 gold bullion and proof coins with this act. The front side and backside of the coin will reflect James Earle Fraser’s designs. Specifically, it is mandated that the gold used on the coins shall be mined from natural deposits in the U.S. or any U.S. territory. It shall be used within one year after the month in which the gold was mined. Lastly, these coins are classified as legal tender and treated as numismatic items.
Design of an American Gold Buffalo Coin
The timeless look of the American Gold Buffalo coin was designed by James Earle Fraser, a student of the legendary sculptor Augustus Saint-Gaudens. The design continues to be used for 25 years until the American Buffalo Commemorative Coin was released in 2001. The front and reverse designs of the American Buffalo Gold Coin feature images created for America’s five-cent coin introduced in 1913. That famous coin, referred to as the “Indian Head” or “Buffalo Nickel,” displays the American West’s native beauty.
The coin’s obverse features chiefs from three different tribes, namely Big Tree, Iron Tail, and Two Moons. The top right of the coin displays the word “Liberty,” while on the bottom left is the year of mintage, and below it is the letter F that stands for Fraser.
On the other hand, the coin’s reverse features a buffalo standing on a rock. The buffalo is believed to signify the recollection of the National’s pioneering spirit towards westward expansion. It bears the words “the United States of America, In God We Trust, E Pluribus Unum, 1 oz. .9999 Fine Gold, and $50.”
Overall, the American Buffalo’s ‘Proof’ coins have a distinctive “frosty” mirror-like shine. Since the coin was made of 24k pure gold, the coin’s color is yellow or golden. President Franklin Roosevelt commissioned this design in the 1900s. The austere, aquiline features of a Native American Chieftain with two feathers tied high in his hair are visibly preserved in his profile. Also, the proud face of an American Buffalo looking westward is on the coin’s reverse side.
Price of an American Gold Buffalo Coin
To complete the collection of the Canadian Maple Leaf, the Austrian Philharmonic, and other 24-karat coins available to collectors and investors, the U.S. mint issued the American Gold Buffalo coin. The American Gold Buffalo is softer than the American Eagle because of the purity of the coin. It carries a face value of $50. However, this unique American coin made from gold, mined in the United States, stamped by an American Mint, and backed by the United States government is considered to have a stable value for discerning investors.
The price for numismatic items of precious metals like the American Gold Buffalo coin differ according to the underlying metal’s average cost. To assess the product’s price, the U.S. Mint used a price range table a week before the sale. Moreover, if the average weekly price of the said precious metal goes up or down into a different cost range, the commodity’s price will either rise or decrease by a set amount.
We Buy American Gold Buffalo Coins
Nevada Coin Mart is the largest buyer of gold coins in Las Vegas and Henderson, Nevada. This is definitely where you should sell your items, especially for the best price of gold coins! We continue to be the #1 dealer of gold coins and other precious metals of your keeping. We have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already. We pay the most cash for the price of silver coin that you are willing to sell.
We are open 365 times a year, from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. You are absolutely at the right store with the best customer service for your gold coin items’ worthwhile transaction.