The American Buffalo is an official investment coin first minted on June 22, 2006 by the United States Mint to compete with the renowned Canadian Maple Leaf. The American Buffalo derives its name from the depiction of the American Bison, an animal that symbolizes the unspoiled nature of the North American continent and was threatened with extinction in the 19th century.
The American Buffalo is an official investment coin that was first minted by the Unites States Mint on June 22, 2006. The design of the gold American Buffalo coin is based on an earlier design from 1913 by the American artist James Earle Fraser's for the "Indian Head Nickel" or "Buffalo Nickel". The design of this older coin has been reused for the gold American Buffalo. In the first year of issue, the circulation consisted of 323,000 copies.
The gold American Buffalo is a 24 carat gold coin. This popular gold coin, also known as the "Indian Head" or "Buffalo Nickel", was created to compete with foreign gold 24 carat (999.9/1000) coins. This is in view of the fact that investors prefer to purchase 24 carat coins rather than the 22 carat Eagle from the US Mint
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