Why add this 2016 $50 1 oz. Gold Buffalo GEM BU (Sealed in Original Mint Plastic) to your collection?
This 2016 1 oz. Gold Buffalo is a great option for those who like conservative and widely recognizable gold coins, as well as those who appreciate modern coins with classic designs. Both faces of the coin are taken from James Earle Fraser’s Buffalo nickel, which was first minted in 1913. He created those designs with the aim of having a coin that was immediately recognizable as American. Toward that end, the obverse is dominated by a composite portrait of a Native American man. His neck rises from the bottom and the top of his head nearly touches the edge. To the left are feathers, accessories that adorn the back of his head. In front of his face is the inscription “LIBERTY,” while the year of issue, “2016,” and an “F,” Fraser’s last initial, are inscribed in the lower left. The animal that gives the coin its name is shown on the reverse. It takes up the full horizontal diameter, enabling the holder to wonder at its size. Statutory inscription are included, as is the face value, “$50,” and information about its gold content, “1 OZ. .9999 FINE GOLD,” also appear on the reverse. This coin was minted at the West Point Mint, though it does not have a mint mark.
|Year of Issue:||2016|
|Packaging:||Original Government Packaging|
|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|
Two new buffalo announcements from the U.S. Government are certain to peak interest in the already popular Gold Buffalo. The buffalo itself has been named by the United States as its official mammal! On the numismatist side, bullion issue Gold Buffalo coins will no longer be sealed in Mint Plastic, but will come in in tubes of 20.
As I enjoy taking a contrary position on topics like this, I believe Gold will continue to be well supported at these levels and I don’t believe the data the Fed will look at going forward will give them any ammunition to raise rates at the next Fed meeting.
Is there a pattern developing here? We will see.
2016 marks the 10th anniversary of the American Gold Buffalo $50 1 oz. .9999 gold coin.