The United States
is now producing the 2006 American Buffalo Gold Coin, signifying the
first time ever the government has struck pure (.9999) 24k gold coins.
The coin is available in both bullion and proof format, and began
selling on June 22.
The American Buffalo Gold coin carries a $50 face value and contains
one ounce of 24-karat gold. Bullion and proof specimens are being
coined at the West
Point Mint, but the proof issue alone bears the distinctive
The coin design strongly resembles the popular
of James Earle Fraser, minted from 1913 to 1938. Fraser's classic
design features a Native American on the obverse side (heads) and an
American buffalo, or bison, standing atop a grassy mound, on the
In addition to the mintmark and date, inscriptions on the new Buffalo
Gold coin obverse include "Liberty" and the letter "F", for Fraser.
Traditional coinage inscriptions grace the reverse: "United States of
America," "In God We Trust," and "E Pluribus Unum". Incused on the
mound are the coin's specifications, "$50" and "1 oz. .9999 Fine Gold".
Collectors wishing to buy at Buffalo
Gold coin may find a few available at eBay.
Federal law caps proof mintage at 300,000 coins, but the bullion-based
format are being produced under no such restriction and should be
easier to locate.