United States | |
| Value | 50 U.S. dollars |
|---|---|
| Mass | 31.108 g (1.0001 troy oz) |
| Diameter | 32.7 mm (1.287 in) |
| Thickness | 2.95 mm (0.116 in) |
| Edge | Reeded |
| Composition | 99.99% (24K) gold |
| Years of minting | 2006–present |
| Catalog number | BA6 |
| Obverse | |
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| Design | Iron Tail and Two Moons, American Indians |
| Designer | James Earle Fraser's design of the Indian Head nickel was modified for the American Buffalo coin |
| Design date | 1913 |
| Reverse | |
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| Design | American bison |
| Designer | James Earle Fraser's design of the Indian Head nickel was modified for the American Buffalo coin |
| Design date | 1913 |
The American Buffalo, also known as a gold buffalo, is a 24-karat bullion coin first offered for sale by the United States Mint in 2006. The coin follows the design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. This was the first time the United States government minted pure (.9999) 24-karat gold coins for the public.[1] The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of US$50. Due to a combination of the coin's popularity and the increase in the price of gold, the coin's value has increased considerably. The initial 2006 U.S. Mint price of the proof coin was $800.[2] In 2007 the price was $899.95,[3] $1,410 in 2009,[4] and $2,010 in 2011.[5]
In addition to requiring a presidential dollar coin series to begin in 2007 and redesigning the cent in 2009, the Presidential $1 Coin Act of 2005 mandated the production of a one-ounce 24-karat gold bullion coin with a face value of $50 and a mintage limit of up to 300,000 coins.
- ^ United States Mint. "United States Mint Strikes First Pure Gold U.S. Coins for Investors & Collectors". Archived from the original on 14 July 2006. Retrieved 2006-06-21.
- ^ United States Mint. "American Buffalo Gold Proof Coin Available from the United States Mint Beginning June 22". Archived from the original on 14 July 2006. Retrieved 2006-06-21.
- ^ United States Mint. "2007 American Buffalo Gold Proof One Ounce Coin (BA7)". Archived from the original on 25 March 2008. Retrieved 7 April 2008.
- ^ United States Mint. "2009 American Buffalo Gold Proof One Ounce Coin (BA7)". Archived from the original on 13 January 2010. Retrieved 16 January 2010.
- ^ United States Mint. "2011 American Buffalo Gold Proof One Ounce Coin (BA7)". Archived from the original on 2011-10-26. Retrieved 2011-12-01.