The Gold Buffalo was the first 24 karat gold coin ever to be struck by the United States Mint. This legal tender coin has a face value of $50 but it harkens back to the Buffalo (or Indian Head) nickel produced by the Mint from 1913 to 1938. It replaced the Liberty Head which had served as the nickel since 1883, and was part of President Theodore Roosevelt’s 1904 edict to make American coinage more beautiful and artistic. The Taft administration took up the cause by commissioning sculptor James Earle Fraser for the design. He came up with images of a Native American and an American bison, national icons which are still greatly admired today. The Buffalo nickel itself did not last, however, due mostly to its tendency to wear, and it was replaced by the Jefferson nickel. Fraser’s century-old work is honored by its appearance on gold bullion pieces such as this handsome Gold Buffalo.
The obverse of the coin displays only the celebrated Indian head in profile, the word LIBERTY, and the year 2017. The reverse shows the American bison, surrounded by the words UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, and 1 OZ .9999 FINE GOLD, as well as the face value of $50. It measures 32.7 mm (1.29 inch) in diameter and is 2.95 mm (.116 of an inch) thick. It is made of 24 karat gold, weighing a total of 31.11 grams or just over one ounce.
An American classic and a world favorite among collectors and investors, the United States Gold Buffalo is available to you through Goldbroker.com.
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