United States Mint issued monster box of 1 Ounce American Gold Buffalo coins, 2020 issue, 9999 fine investment grade 24 karat gold bullion.
Monster Box of 500 coins, sold in 25 tubes of 20 gold coins per tube.
Each gold Buffalo coin has a face value of $50 USD.
About the US Mint
The United States MInt is responsible for issued all precious metals bullion coins on behalf of the United States Government. This includes the gold Buffalo series, the Gold Eagle series and the gold St. Gauden (which is only available in circulated condition). Unlike the American Eagle series, which is available in gold, silver, platinum and even palladium, the gold Buffalo series is only available in gold. However, the American Buffalo gold coin is the only coin issued by the United States Mint with a purity of 9999 fineness (24 karat gold bullion).
When it was first issued in 2006, the gold Buffalo coin was available in fractional sizes, including 1/10 Oz, 1/4 Oz, and 1/2 Oz gold coins. However, the US Mint stopped issuing the Buffalo in fractional sizes after a couple of years, and the coin is currently only issued as a 1 Ounce gold coin.
About the Gold Buffalo Coin
The American Buffalo gold coin was the first 24 karat (99.99 fine) gold bullion coin to be issued by the United States Mint. The coin was initially released in 2006. The design of the coin is a replica of the Indian Head nickel or Buffalo nickel, which was produced by the United States Mint from 1913 to 1938.
The American Buffalo gold coin was designed by James Earle Fraser.
The front of the coin features the profile of an Indian Chief. The design is actually a composite of three Indian Chiefs from three different tribes.
The reverse of the coin features the image of a buffalo. The Buffalo is believed to be 'Black Diamond', a famous American Bison that lived in the Central Park Zoo in New York City in the 1910s.
Investing in Gold Coins
Starting in the late 1970's retail investing in gold bullion bars and coins became hugely popular, in part as a reaction to exceptionally high inflation rates across many countries in Europe and the United States. Investing began with the gold Krugerrand, which was issued by the Rand Refinery, and as many as 3,000,000 coins were sold annually. HOwever, towards the beginning of the 1980's, popularity in the Krugerrand diminished, particularly as a result of apartheid, and interest in other gold coins increased. This was particularly true for the gold Maple Leaf, issued first in 1980, and the American gold Eagle, issued in 1986.
Today, many bullion investors chose to buy gold coins as a way to hedge against political and economic uncertainty as well as inflation. The Monster Box of gold Buffalo coins is a great option for investors looking to place larger amounts of money into gold bullion. SuisseGold.ch offers allocated precious metals storage in Zurich, Switzerland, for clients who do not wish to take delivery of their coins, and offers a buyback service at favorable rates for clients with goods held in storage.
The gold Buffalo coin is available in both 2020 version and a backyear version.