2012-W $50 Gold Buffalo proof
James Earl Fraser’s classic design for the Buffalo or Indian Head nickel that debuted in 1913 is perhaps the most popular design ever to appear on American coins. For that reason the design has been used several times since the Buffalo nickel series ended in 1938, most notably on the 2001 Buffalo commemorative silver dollar and since 2006 on the American Buffalo Gold coin series, which is minted in both uncirculated and proof finishes as well as for 2013 in reverse proof.
The proof Gold Buffalo coins are without question the most visually stunning rendition of this beloved design, which Mr. Fraser chose because both the Native American on the obverse and the American Buffalo on the reverse are “100% American.” By combining a larger palette with the mirrored fields and frosted devices of proof coins with ultra cameo surfaces and striking the coins in gold, the design is depicted in truly glorious fashion.
Partly because the Buffalo $50 Gold coin series was the first U.S. gold coin struck in pure 24 karat, .9999 fine gold, the world standard, and partly because it captured this classic design in such a compelling manner, the proof series has developed a loyal following of collectors over the past decade. In addition, mintages of coins in the proof series have been trending lower in recent years as the price of gold drove the cost of the coins beyond the reach of many buyers.
The 2012 coin is at this point the third lowest mintage coin in the proof Buffalo Gold coin series with 19,765 coins minted, which is only about one thousand higher than the two lowest mintage coins from 2008 and 2013. It is possible that the 2012 is a potential sleeper that will someday command a higher premium than higher mintage coins in the series, but that is not clear at the present time.
Why purchase this 2012-W PF70 UC Gold Buffalo?
This top-graded proof 70 ultra cameo example of the popular Gold Buffalo coin is the perfect choice for the discerning collector who wants the finest available grade of a great coin. They are also perfect for an NGC registry set for those who want to compete for the best-quality collection of this series.
NGC has graded 2,813 of these coins. Of those 84% or 2,352 coins graded proof 70, while 16% or 455 graded proof 69. These coins have been encapsulated by NGC to protect the coin.
|Year of Issue:||2012|
|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|
The legacy of some of America’s best-known coins, including the Five Cent Indian Head (better known as the Buffalo Nickel) and the series that is based on it, the American Gold Buffalo, remain shrouded in mystery.