American Buffalo Gold Coins
In 2006, the U.S. Mint released its first 24-karat (.9999 gold) gold bullion coin, the American Buffalo. The initial sets, both uncirculated and proofs, were only made in 1 oz versions, with a face value of $50, but the mint sold the coins for $800 each, which reflected the value of their gold content at the time.
The reason the United States decided it needed such a fine coin when it already had four denominations of 22-karat American...Continue Reading