Your Guide to Investing In Buffalo Gold Coin Proofs

The American Buffalo (or gold buffalo) is a 24-karat gold bullion coin that was authorized and first offered in 2006. The design of the coin features a slightly altered version of James Earle Fraser’s Indian Head Nickel design of 1913. The design was chosen for its popularity in conjunction with the honorific depiction of Native Americans and the all important buffalo.

This one ounce coin has a face value of $50.00 but is valued much higher. When introduced, the 2006 run was approximately $800.00 a coin. The 2009 proof coin ran in the neighborhood of approximately $1400.00. The beautiful quality and limited nature of their production helped to boost up the value of the gold buffalo. Though they were initially offered as a 1 ounce piece, the Treasury has indicated they will be struck in fractional denominations. A half-ounce piece is scheduled to be released.

Purchasing Gold Buffalo coins should be approached with the same caution as any other type of investment. The website for the United States Mint provides a tool where you can simply select your state to find a list of local dealers of gold coins. A browser can also easily check the going rate of different gold coins as valued on going prices at the moment. Local coin dealers may also be available through traditional search means such as a phonebook or web search. Be sure to check multiple locations for multiple prices before committing.

You want to ensure you are dealing with a reputable company. If something seems too good to be true, it is. Be wary of buying coins off of auction sites or businesses that do not have a firm established history. Common sense will go a long way here. It is not wise nor suggested to buy a gold coin from an auctioneer with 4 feedback that has had his account for a week. Regardless of the protections put in place by these types of sites, it will take time and effort to recoup anything lost or contest the validity of the purchase. That is time you do not need to waste with a little preparation.

One final note about protecting your investment is the commercials you will see offering these types of coins for as little as $20.00. They clearly state in the commercial that these offerings are replicas and are gold plated. An original Gold Buffalo is 99.99% gold, hence the very different prices. These replicas are easy to spot. The best indicator is simply to look at the face of the coin. The replicas do not and are not permitted to have the “$50.00” value printed on them as they are not considered a valid currency. They might be great for a gift for a youngster to get them interested in gold or numismatics. When it comes to an investment into your portfolio and future; you want to ensure you are getting the genuine article struck from the West Point Mint of New York.

Shop smart and you will have a great foundation for protecting your assets far into the future. Be knowledgeable of your investment and aware of what it is trading for before deciding to make the purchase. You can find information on current United States coin pricing by comparing the value of the metal to the type of coin in this United States Mint pricing chart.

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