In 2006, the United States released the American Buffalo gold coins, its first 24-karat denomination, under Public Law 109-145, also known as the Presidential $1 Coin Act.
The American Buffalo Gold Coin’s obverse and reverse designs feature images by noted American sculptor James Earle Fraser, once a student of Augustus Saint-Gaudens, for America’s five-cent coin.
That popular coin, known as the “Indian Head,” or “Buffalo Nickel,” was introduced in 1913 and showcases the native beauty of the American West.
American Buffalo Gold Bullion Coins for Investors
American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint. These $50 gold coins are available to members of the public seeking a simple and tangible way to own and invest in 24-karat gold in the form of legal tender coins whose content and purity is guaranteed by the U.S. government.
The United States Mint does not sell its bullion coins directly to the public. Instead, we distribute the coins through a network of official distributors called “Authorized Purchasers” who, in turn, create a two-way market buying and selling to wholesalers, financial institutions, and other secondary retailers.
To become a United States Mint Authorized Purchaser of gold, silver, platinum, or palladium bullion coins, your firm must meet certain financial and professional criteria.
Criteria is based on metal type. See if your firm qualifies for bulk purchasing of:
- Gold, Platinum, and Palladium Bullion Coins
Premiums and Minimums
Prices for American Buffalo Gold Bullion Coins is based on the prevailing price of gold plus a modest premium to cover minting, distribution, and marketing costs. Prices change on a daily basis, as the gold markets fluctuate.
American Buffalo Gold Bullion
- United States Mint Authorized Purchasers are charged the LBMA PM Gold Price plus a 3 % premium.
- Minimum ordering requirement: 1,000 ounces
American Buffalo Gold Proof Coins for Collectors
The United States Mint also produces American Buffalo Gold Proof Coins for collectors. The term “proof” refers to a specialized minting process that begins by manually feeding burnished coin blanks into presses fitted with special dies. Each coin is struck multiple times so the softly frosted and highly detailed images seem to float above the field.
An official Certificate of Authenticity accompanies each coin. American Buffalo Gold Proof Coins sell at a fixed price and can be purchased directly from the United States Mint.