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The 1 oz American Gold Buffalo was first introduced in 2006 and was the first time in the history of the U.S. Mint that a pure (.9999) 24 karat gold coin was produced for the public. The design of the American Gold Buffalo is a modified version of James Earle Fraser’s Indian Head (Buffalo) nickel first issued in 1913. The obverse design features a Native American while the reverse features an American Bison standing atop a mound of dirt.
Originally issued in sealed plastic sheets of 20 the American Gold Buffalo was created in order to compete with foreign 24 karat gold bullion coins such as the Canadian Gold Maple.
Authorized by Congress via the Presidential Coin Act of 2005, the Gold American Buffalo is the first 24-karat (.9999 fine) gold bullion coin ever produced by the United States Mint. In 2006 the Mint produced and sold over 300,000 coins in the first year.
Until the 1 oz. American Gold Buffalo, the US Mint merely minted 22 karat (.9167 fine) gold coins. The American Gold Buffalo gold coin represents the US Mint’s first large scale production and circulation of a .9999 fine gold coin.
The American Buffalo gold coin contains one troy ounce of gold and its weight and purity are guaranteed by the US Mint. The backing of the US Mint makes the Gold Buffalo a coin that each gold collector and gold investor should incorporate into their gold portfolio.
The American Gold Buffalo gold coin design is a work of art, and a testament to the history of the United States.
The obverse features a Native American chief along with the word “Liberty” and the reverse side features the majestic American Buffalo standing in profile.
The buffalo was modeled after “Black Diamond”, a popular attraction for many years in the New York Zoological Gardens in the early part of the 20th century.
The coin’s images were featured originally on the popular “Indian Head” or “Buffalo” nickels which were mined by the US Mint from 1913-1938. The American Gold Buffalo’s gold coin features the popular “Indian Head” or “Buffalo” nickels which were mined by the US Mint from 1913-1938.
The American Gold Buffalo reverse features this gold coins’ denomination of $50 USD; “United States of America:” and the motto “In God We Trust”‘; E Pluribus Unum”; and “1 oz .9999 Fine Gold.”
The American Gold Buffalo offers the security, liquidity, physicality and collectability desired in a gold coin, thus making this beautiful gold coin a “must have.”
American Gold Buffalo IRA
La Jolla might not know that a self-directed IRA allows them to hold gold in their IRA. For anyone with nerves about the stock market, this offers a great solution. The safest fixed-income investments are barely paying, and inflation in the stock market makes stocks seem top-heavy. That’s why investing some or all of your IRA money into gold and other precious metals is appealing.
Physical IRA Ownership of Precious Metal Coins and Bullion
The Internal Revenue Code allows IRAs to some gold, silver, platinum and palladium bullion and coin products. An IRA can own American Gold Eagle coins, Canadian Gold Maple Leaf coins, American Silver Eagle coins, American Platinum Eagle coins and gold and silver bars (bullion) that are 99.9% pure or better.
An IRA trustee must buy gold coins and bullion and hold them. These tax rules apply equally to traditional IRAs, Roth IRAs, simplified employee pension (SEP) accounts and Simple-IRAs. No problems so far.
At UCPM we can assist you with the process of putting physical gold, silver, and platinum into your self-directed IRA. Adding precious metals to your IRA is a good way to preserve wealth as well as diversify your holdings. It also acts as an outstanding hedge against future uncertainty.
|Composition::||99.99% gold (24 karat)|
|Gross Weight:||1 troy oz (31.0133 grams)|
|Actual gold weight:||1 troy oz (31.1033 grams)|