American Buffalo | 1 troy ounce

 

The American Buffalo is produced annually by the United States Mint and was first introduced by the US government in 2006. Before that, only the goldAmerican Eagle had a net weight of 1 troy ounce. However, due to the mortgage crisis and uncertain financial situation following to the banking crisis, there was increasing demand for 24 carat coins. The American Buffalo was born.

 

The gold American Buffalo has a purity of 999,9 /1.000, making it the first gold coin of 24 carats minted by the US government for the public. The American Buffalo weighs exactly 31,10 grams (1 troy ounce).Thanks to this purity, the American Buffalo is a real investment currency and is very easy to trade worldwide.

 

The design of the American Buffalo is a rework of James Earle Fraser's design for the 'Indian Head Nickel', which was introduced in 1913. Fraser's design is considered as one of the best designs of American coins out there. On the obverse is an image of an Indian who Fraser created himself from the facial features of three chiefs of three different tribes who posed for him: Big Tree, Iron Tail and Two Moons. On the top right, you'll find the word 'Liberty' and on the bottom to the left you can see the year of issue and the letter 'F' (from Fraser). On the proof version of the American Buffalo, the letter 'W' is added, referring to the West Point Mint in New York, where all American gold coins are minted. The bullion version of the American Buffalo doesn't have this feature. 

 

The reverse of the American Buffalo features an image of an American bison, after which the coin is named. Many believe that the image is based on a bison called Black Diamond, which lived in the New York City Central Park Zoo during the 1910s. At the top of the coin you see 'United States of America', and the United States old motto: 'E Pluribus Unum'. At the bottom of the coin the face value, the weight and purity are displayed together with the motto 'In God we trust'.

 

The American Buffalo and other gold coins are perfectly suitable as a purchase of physical gold. Gold coins are not taxed because they are considered monetary gold. And while all the gold coins offered by Argentor have been tested for authenticity, they are not delivered with a certificate of authenticity. That, unlike gold bars.

 

You are more than welcome in our office to sell your gold American Buffalo coin(s). You needn't make an appointment to do so.

 

Our buying prices are adapted every minute to the gold actual rate and will be hedged once you present your coin(s) in our office. You can always check our live buying prices on this page.