The 2006 American Buffalo one-ounce gold coin was introduced in late January 2006 to coin dealers and precious metal investors by the US Mint. Since that time, the coin has become very popular with many collectors and investors. This is true because coin's design features a neat replica of the buffalo designed used on 5-cent coins minted at various times from 1913 to 1938.
Here is some information about the 2006 American Buffalo one-ounce gold coin that can help you learn more about this popular gold bullion item.
Specifications:
Mintage: 323,000.
Weight: 1.001 troy ounces.
Composition: 99.99% gold, 0.01% alloys.
Thickness: 2.95 mm.
Face Value: $50.00.
Background information:
The 2006 American Buffalo one-ounce gold coin was produced to satisfy the 2005 Presidential Dollar Act that required the US Mint to produce a one-ounce gold bullion coin with a fineness of .9999. After several pattern coins were produced to compare various design elements, the US mint decided to reproduce the famous Buffalo Nickel design that features a buffalo on the coin’s reverse and a rendering of a Native American on the obverse.
Design information:
This design was created by the legendary sculptor James Earle Fraser in 1912. The design for the Native American obverse was created by combing the different facial features of various Native Americans that represented various tribes.
The reverse design for the 2006 American Buffalo one-ounce gold coin reproduced what numismatists call the “Type II” reverse that appeared on Buffalo Nickels from 1913-1938. It features a bison that is standing on a hill looking at the viewer’s left.
This reverse design is very popular among coin collectors and many precious metal investors. This is the case because many collectors and investors of gold coins think that the bison’s design elements are accentuated by the coin’s rich yellow color.
How to purchase the 2006 American Buffalo one-ounce gold coin:
Coin collectors and precious metal investors can still purchase a 2006 American Buffalo one-ounce gold coin from coin dealers and precious metal dealers across the country.
Consumers who would like to purchase the coin can purchase Uncirculated and Proof examples that are slightly above gold’s spot price.
Uncirculated coins are pieces that have no trace of wear on the coin’s design elements. Some Uncirculated coins are weakly struck around the bison’s horn and near the bison’s back. As a result, be sure to search for fully-struck pieces that can help you maximize the value you receive from these coins.
Proof examples are especially made for collectors and investors using highly polished dies and a slower minting process. These production features ensure that the coins will be well-struck. It also ensures that the coin’s design features will have frosted surfaces while the coin’s field will appear shinny.
The contrast between the shiny fields and the frosted design features makes the 2006 Buffalo gold one-ounce gold coins a very beautiful piece that is worth having in your collection.
As a result, be sure to choose Proof examples of these coins that are sharply struck and feature no flaws in the coin’s field.
If you need help choosing a 2006 American Buffalo one-ounce gold coin for your collection, please ask your local coin dealer or precious metal dealer for help.