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Buy American Buffalo Gold Bullion Coins: Deals And Discounts
There are a lot of popular and well circulated kinds of gold coins on the market. Since 2005, the United States mint has been authorized to issue one ounce 24 carat bullion gold coins for investment purposes. This specific precious metal is called the American buffalo gold bullion coin.
The demand for American buffalo gold bullion coins has been sky high. This has meant that they needed to suspend the production and sales for a period of time for this particular coin because they cannot keep up with the high demand.
The good news is that you can still find them at prices on sites like eBay. See for yourself.
3 Coin Lot 2010 PCGS MS70 1st Strike $50 Gold Buffalo
US $4,425.00
2008 US MINT AMERICAN BUFFALO 9999 PURE GOLD COIN
US $1,425.00
2010 BUFFALO 99 GOLD COIN PCGS MS70 FIRST STRIKE pure
US $1,600.00
2010 PCGS MS70 First Strike $50 1oz Gold Buffalo Coin
US $1,499.75
4 Coin Lot 2009 $50 Gold Buffalo PCGS MS70 First Strike
US $5,699.00
2010 Gold Buffalo 1 ounce 50 USD coin in Mint Sheet new
US $1,458.00
Buffalo Sabres Ryan Miller 24KT Gold Coin Photo Mint
US $89.95
2x 2010 Gold Buffalo 1 ounce 50 USD coin in Mint Sheet
US $2,872.00
American buffalo gold bullion coins are made up of .9999 fine or pure 24 carat gold or as we know it. The features of the coin on the obverse side are the head of a Native American, and on the reverse side is the American bison or the buffalo. Issuance of this coin started in 2006, and has been continuously minting up to date.
Dating back to 1913 was the origin of the American buffalo gold bullion coins, and then called the buffalo nickel or Indian head nickel. Artist, James Earle Fraser was the one who created the images for this five cent coin. Now, the $50 denomination uses the same design only modified for a larger scale.
The American buffalo gold bullion coins were created to compete with other foreign coins that boasted of their 24 carat quality. When the American eagle first came out, they only made it up to 91% of purity or around 22 carat gold. At this period, a lot of investors needed the 24 carat kind of gold coin, thus the huge demand for American buffalo gold bullion coins. Thus, making this coin the first 24 carat gold coin ever minted in the United States.
To everyone the one ounce coin sized was the most circulated ones in the market, but since 2008, the U.S. mint began to create one tenth ounce, one fourth, and one half ounce sized coins for both the American buffalo gold bullion coins and the American eagle.
Purchasing American buffalo gold bullion coins can be made though several resources. You can order it directly from the U.S. mint and since they are also considered as legal tenders, they can also be purchased through the Federal Reserve System. Or you can go through a reputable online dealer like GovMint.com
. Banks and credit unions can also be a source for these coins as well as local and other online gold traders or a dealer who does gold investing as a profession.
Also, on the U.S. mint website, they have a tool to help you find reputable dealers in your area. You need to be up to date of current prices for the American buffalo gold bullion coins, they are usually spot priced at the daily rate of the gold bullion plus a market of about four to five percent raise.