For the first time in its 215 year history, the United States Mint has struck gold coins that are 99.99% pure (24 karat)! Not only are these Fifty Dollar face value coins made from 1 troy oz. of the purest gold, but the designs used are identical to of one of our country’s most beautiful and best-loved coins – the classic Buffalo Nickel, created by noted sculptor James E. Fraser – originally issued from 1913-1938. The Native American portrait featured on the obverse once again honors the legacy of our land’s first inhabitants, while the power of the American Buffalo on the reverse recalls the pioneering spirit of the Nation’s westward expansion. By law, the gold used must be obtained from “newly mined sources in America.” All of these Buffalo Gold Coins will be produced at the U.S. Mint in West Point, N.Y.
Each Buffalo Gold Coin is legal tender; its face value of $50 is largely symbolic as its selling price will be valued based on the gold content plus a small premium to cover coining and distribution costs – similar to American Eagles, Canadian Maple Leafs, Pandas, and other popular bullion coins. Remember when the first year of issue of the 1 oz. pure gold Pandas caused Pandamonium in 1982? Will history repeat itself as collectors stampede to buy the new first-year-of-issue Buffalo 1 oz. pure gold coins?