The Rich History of the American Buffalo Gold Coin
It might be useful to learn a little about the history of the American Buffalo Gold coin before making an investment. This beautiful gold coin was first offered for sale by the U.S. Mint in 2006. This actually is the first time that the US Government minted 24K gold coins for public consumption.
The American Buffalo coin has a legal tender of $50. The coin's evidence edition was sold for $800 and its price continued to rise as every year passed. There had been even a Presidential $1 Coin Act of 2005 that mandated a face price of $50 for the 24K coin together with a limit of only three hundred thousand pieces or about ten pieces per household to be minted and sold.
Here's some minutiae about the History of the American Buffalo Gold Coin:
The original copy of the coin with the drawing of the bison or the American buffalo came out in 1913 and was designed by James Earle Fraser.
 2008 W Gold Buffalo 1 4 oz 10 Proof NGC PF70 ULTRA CAMEO Perfect condition $1,795.00 Time Remaining: 2h 34m Buy It Now for only: $1,795.00 Add to watch list |
 2012 W 50 PROOF Gold Eagle PCGS PR70 DCAM FIRST STRIKE One Ounce PF70 Presale $2,029.00 Time Remaining: 3h 31m |
 2012 W First Strike 50 Gold Buffalo PCGS PR69DCAM Proof PR69 PR69DC 24kt 9999 $2,000.00 Time Remaining: 6h 36m Buy It Now for only: $2,000.00 Add to watch list |
 2 2009 W PCGS PR69DCAM 50 Proof Gold American Buffalo 50 Coin PR69 FS 1 ounce $4,250.00 Time Remaining: 20h 6m Buy It Now for only: $4,250.00 Add to watch list |
 2008 American Buffalo 1 10 Oz Gold Proof Coin RARE $619.95 Time Remaining: 21h 46m |
 2012 W American Gold Buffalo Proof 1 oz 50 PCGS PR 69 DCAM First Strike $1,845.95 Time Remaining: 21h 53m |
Reason of the gold coin creation
In order to compete with other 24K gold coins in the market, the U.S. Government ordered the creation of the American Buffalo Gold Coin. They were losing ground with Canada's Gold Maple Leaf coin as the preferred coin by stockholders due to its higher composition.
Even though the U.S. Government has the Gold Eagle coin, the American Buffalo Gold Coin is more attractive for financiers due to its 99.9% pure vs. the latter. So that's the reason why in 2008, minting of the buffalo gold coins momentarily stopped since it cannot keep up with the demands of the market.
The history of the American Buffalo Gold Coin has demonstrated that investors can easily seek safety with gold to get through the current economic downfall.
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