Mintage of only 19,715 coins. First issued in 2006, the American 1 oz Gold Buffalo immediately demanded a place among the world's elite bullion coins.
- Contains 1 oz of .9999 fine Gold.
- Coin comes in a capsule in the original U.S. Mint box with a certificate of authenticity.
- Mintage of only 19,715 coins.
- Obverse: Showcases a rendition of James Earle Fraser's acclaimed "Buffalo Nickel" design of an American Indian in profile originally minted in 1913.
- Reverse: Depicts an American buffalo on the reverse which is a visual representation of the bison named Black Diamond who, in the early 1900s, lived in the Central Park Zoo in New York City.
- Sovereign coin backed by the U.S. government.
Proof Gold Buffalos add a new beauty to this popular coin design. Add this 2012-W 1 oz Proof Gold Buffalo to your cart today!
The history of American Buffalo 1 oz Gold coin
American Buffalo 1 oz Gold coins, started in 2006, are the first U.S. coins made from .9999 fine Gold. The highest quality U.S. Gold coin previously had been the American Eagle, which is .9167 fine Gold and came in multiple sizes. The American Buffalo 2012 Gold coins come in the 1 oz size with a $50 face value but their Gold value far exceeds the face value. Other U.S. Mint Gold coins also include First Spouse Gold coins, 1/2 oz Gold coins made with .9999 fine Gold with a $10 face value.
Why invest in American Gold Buffalo coins?
Production of American Buffalo 1 oz Gold coins with such a high Gold content was authorized by the Presidential $1 Coin Program, a part of an act of Congress enacted December 22, 2005. These U.S. Mint 2012 Gold Buffalo coins are proof of the enduring popularity of the resulting American Buffalo design that is a rendition of James Earle Fraser’s acclaimed Buffalo Nickel first minted in 1913. A U.S. Mint Gold coin is guaranteed for quality and weight by the U.S. government, making these Gold coins instantly sought after by investors. Gold coin prices for American Buffalo Gold coins also include numismatic and collector markup for the artistic design, which is worthy of display in any coin collection.
A U.S. Gold coin is as beautiful as a Gold round but with special characteristics and value.
The difference between Gold coins and Gold rounds can be significant, depending on your investing or collecting aims. A U.S. Gold coin is legal tender minted by the government with a minimum face value, while rounds have no face value. The price of both Gold coins and Gold rounds is based primarily on the spot price of Gold plus costs for distribution, fabrication, nominal dealer fees and any collector value, known as the premium over spot price. Gold coin prices also reflect the assurances of governments, while Gold rounds often have a lower prmium over spot price of Gold because the bullion rounds are produced by private mints.
The price for 1 oz Gold coins includes a premium that affects all Gold coin prices.
When buying 1 oz Gold coins, you will see two different prices: the Gold spot price and the premium price of Gold. When you buy 2012 Gold coins for sale, you will not be paying the Gold spot price, because that price, which is always changing, is the price for unfabricated Gold. When you buy a U.S. Gold coin, or a Gold coin from any other nation, you are paying the premium price, which includes markups for distribution, fabrication, nominal dealer fees and any collector value. Gold coin prices are always based on the spot price of Gold per troy ounce in U.S. dollars, with the premium added to that.