The 2016 coin features exactly the same iconic design that has made these Gold Buffalo Coins so popular. These coins are supplied in rolls of 10, with greater discounts applied when you buy more than 1 roll.
Minted at the famous West Point mint, and struck with an iconic design that first appeared on the Indian Head Nickel, the 2016 Gold Buffalo is a 24-karat masterpiece that complements any collection. This 1 ounce, .9999 gold coin comes with a Certificate of Authenticity and carries a face value of $50.
Although it is commonly referred to as the Gold Buffalo, the official name for this coin is the American Buffalo. The coin gets its name from the design on its reverse, which features the American Bison. This design was engraved by James Earle Fraser in 1913, although some minor changes have been made since then.
Fraser is said to have used a bison known as Black Diamond as inspiration for his design. Black Diamond resided at the New York Zoo and the story that is often related is that Fraser had someone distract the bison while he snuck-in for a quick sketch of the animal’s profile. The Indian head design is said to be an amalgamation of three Indian chiefs, Big Tree, Iron Tail and Two Moons, all of who modeled for Fraser.
The Gold Buffalo coin also features a inscription showing the face value, the weight and the purity, along with the words “UNITED STATES OF AMERICA” and the motto “E PLURIBUS UNUM”, which is Latin for, “Out of many, one.”
This Gold Buffalo coin is popular all over the world, but because of its connection to their history, it is especially relevant to the US audience.
The Gold Buffalo coin was first minted in 2006, and at the time it was the first pure gold coin that the US Mint had created for public use. The coin was minted at a time when gold was on the increase, and close to 340,000 coins were produced in the first year. This number decreased in the years that followed and in 2012 just 100,000 of these coins were minted. What’s more, due to a law passed in 2009, the Gold Buffalo will never again be minted in amounts greater than 300,000.
The Gold Buffalo carries a face value of $50 USD, and is therefore backed by the US government. This makes it legal tender, which carries a number of benefits. In countries and states with capital gains tax, which is a tax charged on the profits you make from the sale of precious metals, you may be exempt. Although this isn’t always the case. In some states sales tax is charged on all non-legal tender coins, which makes coins like the Gold Buffalo invaluable to investors in those states.
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