The American Buffalo, also known as a Gold Buffalo, is a 24-karat gold bullion coin.
First offered for sale by the United States Mint on June 22, 2006, and available for shipment beginning on July 13. This was the first time ever that the United States Government has minted pure (.9999) 24-karat gold coins for the public [1]. The coin has a legal tender (face) value of US$50. The initial 2006 price of the proof coin was $800.[2] The price of the 2007 proof coin was $899.95.[3]
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US $2,325.00
In addition to requiring a presidential dollar coin series to begin in 2007 and redesigning the cent in 2009, the Presidential $1 Coin Act of 2005 mandated the production of a one-ounce 24-karat gold bullion coin with a face value of $50, and a mintage limit of up to 300,000 coins.
RECOMMENDED READING
- How To Buy the Buffalo Gold Coin
- United States Gold Coins, An Analysis of Auction Records Volume V Eagles 1795-1933
FOOTNOTES
1. United States Mint. "United States Mint Strikes First Pure Gold U.S. Coins for Investors & Collectors". Retrieved on 2006-06-21.↑
2. United States Mint. "American Buffalo Gold Proof Coin Available from the United States Mint Beginning June 22". Retrieved on 2006-06-21. ↑
3. United States Mint. "2007 American Buffalo Gold Proof One Ounce Coin (BA7)". Retrieved on 2008-04-07. ↑
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