History of the Coin: The Gold American Buffalo was the first pure 24-karat gold coin minted by the United States Government to be made available to the public. The United States Mint started producing the coin in 2006 as a direct competitor to the Canadian Gold Maple Leaf, along with other foreign 24-karat gold coins.
The design of these coins is instantly recognizable to any coin collector and the 2020 release continues the use of the original design. The obverse of the coin is based off the Indian Head or Buffalo Nickel created by late sculptor James Earle Fraser and features the profile portrait of a Native American figure. In a letter he wrote in 1913 to the Mint Director at the time, Fraser claimed that he had made multiple portraits of Native Americans such as Iron Tail and Two Moons, and used a combination of elements from those portraits when creating the original Buffalo Nickel’s design.
Similarly, the instantly recognizable design on the reverse of the coin is also based on a sculpture by Fraser of an American Bison. The inspiration featured on the reverse was the American bison Black Diamond that was also featured on the Buffalo Nickel. Fraser has said that Black Diamond at the Bronx Zoo was his inspiration for the design, however Black Diamond never lived at the Bronx Zoo. He lived at the Central Park Zoo until 1915 when he was sold and slaughtered. While he may have been the main inspiration for the coin, the actual Black Diamond does differ from that of the coin’s reverse.
Regardless of the inspiration behind the design, the 2020 Gold American Buffalo is a beautiful homage to the Buffalo Nickel. The coin’s nominal face value of $50 is guaranteed by the United States Government.
Each coin contains 1 oz. of .9999 fine gold
Obverse features the iconic Indian Head design
Reverse is the classic image of an American bison
Backed by the United States government
Why invest in the coin? The Gold American Buffalo is a 24-karat homage to the United States and features some of the most historical imagery in the history of American money. The beauty of the design alone makes the Gold American Buffalo a gold coin worth investing in. Wholesale Coins Direct has the 2020 Gold American Buffalo along with many other gold and silver coins, bars, and other precious metals.
*Our supply comes from the Mint in sealed tubes of 20 and boxes of 500 coins. Quantities ordered that are not multiples of 20 may include loose coins that are packaged in bubble wrap, rather than in the original tubes. Minor imperfections can occur during the minting, shipping or handling process. This does not constitute a valid reason for a return.