American Buffalo Gold Coin
The First 24-Karat Gold Proof Coin
The American Buffalo One Ounce Gold Proof Coin, also know as the gold buffalo, is the first 24-karat gold proof coin ever struck by the United States Mint and is the collector version of the official United States Mint American Buffalo Gold Bullion Coin.
Containing one ounce of .9999 fine 24-karat gold, these gleaming coins are among the world’s purest gold coins.
The gold buffalo coin is is designed after the Indian head Nickel and has nick-named after the American Bison found on the reverse side of the coin.
We have more than just American Gold Buffalo coins, check out our Spring Hill coin shop for more.
Currently, all U.S. bullion coins, including the American Buffalo gold coin, are being struck at the West Point Mint in New York. According to the U.S. Mint website, only the proof version of the buffalo gold coin bears the mint mark “W” on the obverse (front) of the coin, behind the neck of the Indian; the bullion version does not have the “W” mint mark. The 2006 and 2007 coins only have been issued in a one-ounce version, but in 2008, $5, $10, and $25 face value coins were minted with 1/10 oz, 1/4 oz, and 1/2 oz of gold respectively.
After a long wait by both collectors and investors, the uncirculated version of the American Buffalo gold piece was made available to coin dealers on June 20, 2006. Collectors who wanted to purchase the proof version from the mint were given the opportunity to place their orders with the mint beginning on July 22. The 2006 proof quality coin has a strict mintage limit of 300,000, with an additional enforced limit of only ten (10) coins per household. The catalog number of the 2006 proof coin at the U.S. Mint is (BA6).
The coin was created in order to compete with foreign 24-karat gold bullion coins. Since investors sometimes prefer 99.99% pure gold over the 91.67% gold used in the American Gold Eagle, many were choosing non-U.S. coins, such as the Canadian Gold Maple Leaf, to meet their bullion needs. With the American Buffalo coin, the U.S. government hopes to increase the amount of U.S. gold sales and cash in on the 24-karat sales, which makes up about 60% of the world gold market.
On September 26, 2008, the U.S. Mint announced that, temporarily, it would halt sales of the American Buffalo coins because it could not keep up with soaring demand as investors sought the safety of gold amid the subprime mortgage crisis of the late 2000s, which had also affected the price of gold.
Investing In Gold Coins
There are numerous amounts of ways of investing in gold; one can invest in gold through exchange-traded funds (ETFs), buying stock in gold mining companies, or by buying physical gold, like gold coins. Gold coins are not only a valuable investment tool to help diversify your portfolio, they are also a beautiful keepsake that can be passed down from generation to generation.
Aside from the American Gold Buffalo coin, another popular gold coin to invest in is the American Eagle gold coin, which we also proudly carry.
We Buy And Sell Gold Coins
Aside from selling gold coins like the American Gold Buffalo coin and the American Gold Eagle coin, we at Vermillion Enterprises also buys gold coins. Vermillion Enterprises has been a favorite place to sell gold coins to for Inverness, Florida residents for the past 15 years. Inverness residents trust Vermillion Enterprises when it comes to selling gold coins for cash because of their high reputation on Google and personal approach to working with customers.
Where To Sell Gold Coins
Vermillion Enterprises in Spring Hill is the local coin and gold shop near Inverness, Florida to sell gold coins. Vermillion Enterprises has been buying and selling gold for over 15 years. For Inverness residents to get the best price on their gold coin collection, Inverness gold coin collectors should come to Vermillion Enterprises in Spring Hill. Vermillion Enterprises is conveniently located right off of Route 19 in Spring Hill.
Aside from gold coins, Vermillion Enterprises also buys non-gold coin collections, like silver bullion coins. Vermillion Enterprises will also buy sports memorabilia, diamonds, Rolex watches, and more.
Gold Coin Shop Near Inverness
Coin Shop Hours
- Monday: 10AM – 5PM
- Tuesday: 10AM – 5PM
- Wednesday: 10AM – 5PM
- Thursday: 10AM – 5PM
- Friday: 10AM – 5PM
- Saturday: 10AM – 4PM
We are conveniently located one block off of Route 19 in Spring Hill, Florida.
Cash For Gold Services For Spring Hill, Hudson, Inverness, and surrounding Gulf Coast areas. Click here for directions.