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Why Gold Buffaloes?
Although the idea of minting gold into US bullion coins had been ongoing for ten years, the idea of minting a 24 karat gold coin was new to US coin collectors and investors until 2006 when the first US Gold Buffalo coins were minted. These full-ounce $50 gold coins were minted to compete with the world bullion market, where 99.99% fine (24 karat) gold had become a standard of trade, and Gold Eagles had lost some of their appeal to the richer gold content of some of the world bullion issues.
Buffalo Gold coin design
The design of Buffalo Gold coins had a lot to do with their popularity, with the re-use of a design first used during a period in US Mint history where distinctively 'American' (usually Native American) designs were preferred over allegorical Lady Liberty themes. This design was the product of American sculptor James Earle Fraser, a sculptor who was famous for work reflecting Native American themes.
The obverse design shows an indian chief facing the viewer's right with LIBERTY along the rim to the right and the date on his shoulder. The reverse design shows an American Bison (often referred to as a Buffalo) facing the viewer's left surrounded by inscriptions. Fraser's original design with the Bison standing on an Earthen mound was used for the gold coin rather than the modified design of the Bison standing on a flat grassy plain which had been required to lower the relief of the field around the denomination on the original nickels.
Buffalo Gold Coin Design Fact
The design used for the Buffalo Gold coins was the first gold coin design that did not have flat fields. Because Fraser's original buffalo design had contoured fields that reflected light in a unique way, the fields of the Buffalo gold coins employed a similar 'mottled' effect in the fields, which is more apparent on the proof coins than on the mint state examples, but is still visible on all issues.
Why Buffalo Gold?
Buffalo Gold coins are the finest gold bullion coins produced in the United States, and are among the finest in the world. They are very popular because of their design and the fact that they were minted in the United States. They are sought after by investors and collectors for separate yet overlapping reasons and are very easy to sell.
This coin is graded by the Professional Coin Grading Service (PCGS) as Mint State (MS) 70 First Strike. This means the coin is as-struck with no noticeable flaws, and that the coin was submitted to the grading service within a specified period of time (usually a month) after their initial issue. First Strike graded coins generally bring some modest premium value because they are ultimately less common than coins graded without the designation in most cases.
This 2010 1 oz Gold Buffalo $50 Coin PCGS MS70 FS is proudly minted by the U.S. Mint. The United States Mint was founded in 1792 and manufactures circulating, collectible, and bullion coinage.
|Year of Issue:||2010|
|Release Type:||First Strike|
|Display Weight:||1 oz|
|Weight in Grams:||31.1032 g|
|Weight in Ounces:||1 oz|
|Legal Tender:||United States|
|Obverse Design:||Native American Head (modified Indian Head Nickel design)|
|Reverse Design:||American Bison (modified Indian Head Nickel design)|
|Reverse Designer/Engraver:||James Earle Fraser|
|Obverse Designer/Engraver:||James Earle Fraser|