The Gold American Buffalo coin was the first from the United States Mint to achieve a new level of purity never before seen in American coinage. With the 2016 release of the coins, the US Mint celebrates the 10th anniversary of a coin that now has its future secured as an annual release going forward. Today, the 2016 1 oz Gold American Buffalo Coin is available as a near-perfect specimen on Silver.com.
- Ships in a plastic slab to protect the coin’s condition.
- Tenth Anniversary Gold American Buffalo coin release!
- Consists of One Troy ounce of .9999 fine gold.
- Face value of $50 (USD) is fully backed by the US government.
- Graded Mint State 69 by the Professional Coin Grading Service.
- Issued First Strike status.
- Obverse features a Native American chieftain’s profile.
- Reverse bears a buffalo design from the Buffalo Nickel.
In the course of United States Mint history, there had never been a 24-karat gold coin released into circulation by the mint. From 1792 to 1837, the US Mint had used the crown gold standard for coin purity, which was effectively .925 gold. Starting in 1837 and continuing until 1986, all US Mint coins contained only .900 fine gold.
With the release of the Gold American Eagle in 1986, the US Mint undid more than a century and a half of .900 gold, but the Gold American Buffalo coin was a true marvel. Its 2006 release marked the first time the US Mint ever used 24-karat gold in coin production.
The 2016 1 oz Gold American Buffalo coin in this listing has a Mint State 69 grade from the PCGS. Each of these coins has its full, original luster from the mint, but also features a maximum of two minor detracting flaws. These flaws are visible only under magnification and exist outside the primary focal areas of the coin.
A First Strike coin is one that the PCGS has verified was received by its depository, or an authorized third-party depository, within the first 30-day window of the release date for 2016 coins set by the United States Mint.
On the obverse of the Gold American Buffalo coin is the image of a Native American chieftain. Created through the combination of facial features from three tribal leaders of the day, this design from James Earle Fraser appeared on the Buffalo Nickel from 1913 to 1938.
The reverse of all 2016 1 oz Gold American Buffalo coins bears the image of a bison, inspired by Black Diamond. The latter buffalo was a resident in the Central Park Zoo of New York City during the early 20th century.
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