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Money News
Product InformationFriday, November 20, 2009

American Buffalo Gold Coin (1.000 oz.)

American Buffalo Gold Coin (1.000 oz.)
American Buffalo Gold Coin (1.000 oz.)
$1,218.30 each.
Quantity:   

 
Symbol:  GCAB100
Weight:  1.000 oz. actual; 0.069 lbs. shipping
Condition:  Uncirculated
Denomination:  $50 USD Face Value
Content:  99.9% Pure Gold
Diameter:  0.000 mm.
Thickness:  0.000 mm.

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 will be 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. All 24-karat American Buffalo Gold coins will be struck at the United States Mint at West Point.

Production of these highly anticipated coins is authorized by Public Law 109-145, dated December 22, 2005, also known as the Presidential $1 Coin Act.

The new 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.

Market Summary
Metal
Last
Change
Gold
1148.30 [up]
6.60
Silver
18.490 [up]
0.025
Platinum
1446.90 [up]
6.00
Palladium
365.00 [down]
-4.90
11/20/09 1:00:13 PM CST
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