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Encyclopedia > American Buffalo (coin)
$50 (United States)
Value: 50 U.S. dollars
Mass: 1 ounce / 28 g
Diameter: Unknown (Mint has yet to release this information) mm
Thickness: Unknown (Mint has yet to release this information) mm
Edge: Unknown (Mint has yet to release this information)
Composition: 99.99% Gold
Years of Minting: 2006–Date
Catalog Number: {{{Catalog Number}}}
Obverse
Obverse
Design: American Indian
Designer: James Earle Fraser's design of the Buffalo nickel was modified for the American Buffalo coin.
Design Date: 1913
Reverse
Reverse
Design: American Buffalo
Designer: James Earle Fraser's design of the Buffalo nickel was modified for the American Buffalo coin.
Design Date: 1913

The American Buffalo is a 24 karat gold bullion coin first released by the United States Mint in June 2006. This will be the first time ever the United States Government has minted pure (.9999) 24-karat gold coins for the public[1]. This article is about general United States currency. ... The gram or gramme, symbol g, is a unit of mass. ... A millimetre (American spelling: millimeter), symbol mm is an SI unit of length that is equal to one thousandth of a metre. ... A millimetre (American spelling: millimeter), symbol mm is an SI unit of length that is equal to one thousandth of a metre. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... This article is the current U.S. Collaboration of the Week. ... End of the Trail James Earle Fraser (November 4, 1876 – October 11, 1953) was an American sculptor, born in Winona, Minnesota. ... The Indian Head (Buffalo) nickel was designed by James Earle Fraser. ... 1913 (MCMXIII) was a common year starting on Wednesday. ... Binomial name Bison bison Linnaeus, 1758 Subspecies B. b. ... End of the Trail James Earle Fraser (November 4, 1876 – October 11, 1953) was an American sculptor, born in Winona, Minnesota. ... The Indian Head (Buffalo) nickel was designed by James Earle Fraser. ... 1913 (MCMXIII) was a common year starting on Wednesday. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... A coin is usually a piece of hard material, generally metal and usually in the shape of a disc, which is issued by a government to be used as a form of money. ... Mrs. ... This article is about monetary coins. ...


In addition to requiring a presidential dollar series to begin in 2007, and a redesign of the penny in 2009, the Presidential $1 Coin Act of 2005 mandated the production of a one ounce 24 karat gold bullion coin with a face value of $50, with a mintage limit of up to 300,000 coins. For the pop band, see Presidents of the United States of America. ... The United States one-cent coin, commonly called a penny, is a unit of currency equaling 1100 of a United States dollar. ... The Presidential $1 Coin Act of 2005 (Public Law 109-145; 119 Stat. ... A precious metal is a rare metallic element of high, durable economic value. ...

Contents


Coin Design

The design of the American Buffalo gold bullion coin is a modified version of James Earle Fraser's design of the Buffalo nickel (Type 1), issued in early 1913. After the mound was removed, the Type 2 variation continued to be minted for the rest of 1913 and every year until 1938 (except 1922, 1932, and 1933, when no nickels were struck). The obverse depicts a Native American man, who Fraser said he based on a mixture of features from three American Indian men (John Big Tree, Iron Tail and Two Moons) from three different tribes that posed for him to be sketched. On the reverse stands an American bison on a mound of dirt, commonly refered to as a buffalo. The animal on the reverse is believed by most to be a bison named 'Black Diamond' that lived in New York City's Central Park Zoo during the 1910's. It it said that Fraser had to have someone distract the buffalo while he snuck up beside it to draw it. Otherwise, the buffalo would stare at him and Fraser wouldn't get the profile he wanted. Fraser's nickel design is generally considered to be among the best designs of any U.S. coin. End of the Trail James Earle Fraser (November 4, 1876 – October 11, 1953) was an American sculptor, born in Winona, Minnesota. ... The Indian Head (Buffalo) nickel was designed by James Earle Fraser. ... Binomial name Bison bison Linnaeus, 1758 Subspecies B. b. ... The Central Park Zoo is a zoo located in Central Park in New York City. ...


On the gold bullion coin, the mound area of the reverse with the words 'FIVE CENTS' has been changed to read '$50 1 OZ. .9999 FINE GOLD'. Also, the motto required on all United States currency, 'IN GOD WE TRUST', has been added to the reverse to the left of and beneath the buffalo's head.


Distribution of the Coin

All U.S. bullion coins, including the American Buffalo gold piece, are currently being struck at the West Point Mint in New York. The 2006 coin was only issued in a one ounce version, but it is expected that in 2007, the sizes available for American Eagle gold coins will be offered with the American Buffalo bullion coins.


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 June 22. The 2006 proof quality coin has a strict limit of 300,000.


Also on June 22, the Mint transfered two of the American Buffalo coins to the Smithsonian Institution's coin collection because of their historic value.


See also

Silver coins are possibly the oldest form of money. ... The American Platinum Eagle is the official platinum bullion coin of the United States. ...

References

  1. ^ US Mint URL accessed 21 June 2006

June 21 is the 172nd day of the year (173rd in leap years) in the Gregorian calendar, with 193 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

External links

  • Article about the release of the coin]
  • U.S. Mint Press Release


 

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