American Gold BUFFALO COINS by Kelvin Honor
The Gold Buffalo Coin, also known as the American Buffalo, was first made available to the public in June of 2006 by the United States Mint. The coin was designed with the iconic images from the Indian Head nickel designed by James Earle Fraser that was issued in 1913.
The Gold Buffalo marked the very first minting of a 24 karat Gold Coin by the US Mint. It was met with excitement from not only coin collectors but also people who had been investing in the gold market. The coin was created to give the US a gold coin that could compete with the foreign 24kt coins already in production. The trend in investing in gold coins tends to lend itself to investors choosing a coin with 99.9% gold over one with 91.67% . The US already had a coin in production at the 91.67%, The American Gold Eagle. With the design and production of the American Gold Buffalo, the US could pull investors back into American Coins with the intent of increasing the amount of US gold sold.
The Design
James Earle Fraser