The U.S. Gold Buffalo has a history inspired by the competitive American spirit and design of coins past. Here’s a little bit of how it came to be.
Gold Coin Ban and Recall of 1933
In 1933, the minting of U.S. gold coins came to a halt when the Roosevelt administration recalled all gold coins, bullion, and gold certificates in private hands. Gold could only be held legally by U.S. citizens in small amounts for jewelry, artistic use, and industry.
Release of the American Gold Eagle
That ban remained in place until President Gerald Ford signed a bill that allowed U.S. citizens to own gold again effective December 31, 1974. A dozen years later the U.S. Mint released the first gold coin minted in the U.S.A. in over 50 years, the American Gold Eagle.
It was the first U.S. gold coin since 1837 to have 22-karat, purity, the standard having been previously lowered to .900. But even at that, coins from other countries such as the Canadian Maple Leaf that were 99.99% pure 24-karat gold were favored by investors due to their higher bullion content.
24-Karat American Buffalo Gold Coin
To become competitive in the bullion market, the government authorized the design and production of the 24-karat American Buffalo gold coin with a $50 face value. The coin’s design is taken from James Earle Fraser’s famous Indian Head nickel produced from 1913 to 1938. The back of the nickel had an image of an American bison.
Find U.S. Minted American Buffalos and Replicas by Proof and Grade
The Great American Coin Company® offers first-strike 24-karat American Buffalo gold coins minted in 2006, 2007 & 2008 as part of our extensive selection of investor-quality coins and bars.
Proof 70 (PF 70) or PF 69 graded coins are the most finely and clearly struck of all of the 2006 Gold Buffaloes made. Coins are also available in Mint State 70 (MS 70), MS 69, and Brilliant Uncirculated (BU) condition. Prices for these coins fluctuate with market values.
The coins are sealed in a protective slab, graded by one of the three premier coin grading companies (PCGS, NGC, or ANACS). This way you can be assured that your new collectible coin will meet the highest standards in the coin industry.
We also offer gold-plated non-monetary replicas of the U.S. Gold Buffalo and Gold Eagle and the South African Gold Krugerrand coins as novelty items. Unless stated as .999 silver replica coins, all gold and silver reproduction coins are plated. All our reproduction coins, replica coins, and/or copy coins are non-monetary and cannot be used as currency.