If you would like to own a gold bullion coin that represents the North American heritage, that is deemed legal tender by the United States Government, and that contains one troy ounce of .9999 fine gold, then look no further than the gold American Buffalo. Authorized by the US Congress in 2005 and minted the following year by the US West Point Mint, it is the first 24 karat legal tender gold coin to be issued by the US Government. Depicting graceful designs of iconic American hallmarks, the gold American Buffalo coin is a must for anyone who relishes the founding history of the United States.
The American Buffalo carries the design of the famous five-cent nickel buffalo coin
James Earle Fraser, one of America’s most famous sculptors of the early 20th century, originally created the chosen die design for the gold American Buffalo coin. The original design was used for the copper – nickel five-cent coin that was minted and issued between 1913 and 1938 in the United States. It would take almost 70 years for this iconic coin design to be used once again on a circulating coin, only this time on a gold bullion coin. Besides making the original distinctive design for the gold Buffalo coin, Fraser also created several of America’s most prominent public monuments, such as the Benjamin Franklin National Memorial in Philadelphia and the Arts of Peace in Washington D.C.
The American Buffalo represents North American Heritage
The American Bison which is portrayed on the obverse of the American Buffalo coin is a species that once roamed freely on the grasslands of North America. Due to the excessive commercial hunting of the American Bison, also referred to as the American Buffalo, the animal was almost wiped out in the 19th century in the United States. Luckily, the species has recently made a comeback thanks to a few national parks and restricted private reserves.
By witnessing the growing popularity of other countries’ 24 karat gold bullion coins, of which Canada’s Maple Leaf and Austria’s Philharmonic gold coins are good examples, the United States Mint decided to issue for the first time in its history its own version of a .9999 fine legal tender gold coin. Until 2006, the only American legal tender gold bullion coin available for purchase was the gold American Eagle which, unlike the Gold Buffalo, is a 22 karat coin and is made of gold and a copper - silver alloy. The introduction of the gold American Buffalo coin was also a historical moment for the United States Mint which for the first time issued two separate legal tender gold coins that contained different gold purities.
The obverse portrays a Native American who, according to the designer James Earle Fraser, was created by combining the facial characteristics of three American Indian tribal chiefs. The text “LIBERTY” is also imprinted on the obverse, as is the year of mintage and the designer’s initial “F”, which stands for Fraser.
The reverse displays an American Bison, also referred to as the American Buffalo. Above the Buffalo is the engraving “UNITED STATES OF AMERICA” and the Latin words “E PLURIBUS UNUM” which translates as “one out of many”. Inscribed below the Buffalo are the words “IN GOD WE TRUST”, the nominal face value of $50, the weight, and the purity of the coin.
Each coin is individually packaged in a hard plastic capsule. Multiples of 20 are available in original mint-sealed tubes.
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