History of the Gold American Buffalo
The Gold American Buffalo coin owes its existence to the Presidential $1 Coin Act of 2005. The U.S. Mint began producing the coins in 2006, marking the first time the Mint ever created a 24 karat gold coin (.9999 fine).
Each year, the U.S. Mint produces circulating bullion versions of the coin, plus a limited number of "Proof" coins, known for their mirror-like finish and exceptional quality. A small number of these proof coins achieves a perfect score of Proof 70 from one of the main grading services (PGCS or NGC).
In 2008 only, the U.S. Mint produced 4 sizes, including a $50 face value one-ounce coin, $25 one-half ounce coin, $10 one-quarter ounce coin and the $5 one-tenth ounce coin.
Investment Grade Coins
Certified Gold Buffalo coins in perfect "Proof 70" condition are considered actual "museum quality." With their beautiful finish, flawless condition and rarity, they are preferred by both collectors and investors. Since they are valued for their rarity, not their weight, they are not subject to the ups and downs of the commodities market, which has made their value more stable over time than silver bullion alone. Wholesale Coins Direct recommends these coins as a long-term store of value, to help protect and diversify your portfolio.