Gold Buffalo Coin Review (A Coin Worth Investing?) (2022)

October 1, 2022

GOLD-BUFFALO-COIN-REVIEW

Hello and welcome to my ‘Gold Buffalo Coin Review

Nowadays, a lot of investors are spending tons of money on various ventures. To cite, many are investing on quality coins. As such, this ‘Gold Buffalo Coin Review’ will feature one of these investment assets and assess its value and potential.

Now, what makes this coin valuable? Of course, savvy investors would want their assets to grow in a steady rate. That is why, they are strategic when it comes to choosing the area that would optimize their funds.

Moreover, the coin investment industry is growing steadily. On top of that, self-directed IRAs are utilizing eligible coins and metals such as gold and silver. For this reason, their is a need to know if betting on this coin is worth it or not.

In this good read, we will be mentioning about Gold Buffalo’s history, coin design, and its eligibility for investments. Furthermore, I will be mentioning frequently about Augusta Precious Metals, a gold IRA firm that can help you with your investing needs.

Without further ado, let us start this ‘Gold Buffalo Coin Review’!

Gold Buffalo Coin Characteristics

In the past, purchasing and investing on coins such as Gold Buffalo is a relatively easy task. However, due to several selfish reasons, some con artists are creating rip-offs of these coins.

Consequently, the industry of quality coins are tarnished day after day because of these scams. Because of this, it is imperative to be wary about the coins you have, or about to purchase. Unfortunately, many people are scammed of their money before they know about the truth.

This is why it is important to know the characteristics and specifications of a coin before you purchase it. Evidently, knowledge about coins will significantly reduce the risk of getting your hard-earned money fished by scammers.

With that being said, here are things that certify a Gold Buffalo Coin offering is legitimate.

  • Producer and Major Supplier: United States West Point Mint
  • Gold Content: 1 oz. (Troy ounce)
  • Purity: 24-karat (99.99%)
  • Current Face Value: $50
  • Weight: 31.308 grams
  • Diameter: 3.27 centimeters
  • Thickness: 0.295 centimeters
  • IRA Eligibility: Can be utilized

History and Design

First off, Gold Buffalo Coins started being minted during 2006. Interestingly, its designer, James Earl Fraser, drew inspiration from the 1913 Indian Head Nickel. Admirably, this is the first 24 karat gold coin introduced to the public.

Due to its unprecedented success, fractional coins (1/10 oz., 1/4 oz., and 1/2 oz.) were later introduced by 2008. However, due to some economic fluctuations, production of these coins were halted. Even after resuming operation, only the 1 oz. were allowed to be minted.

In this sense, the fractional coins are much rarer than the 1 oz. Gold Buffalo coins nowadays. As for its production, an investor will likely know that a 1 oz. coin costs more than its face value.

Because of this, the Gold Buffalo coin cannot be used as a form of currency or payment for goods and services. Rather, they are primarily used as assets for investments and collectors items.

For its design, take a look first at its obverse (front side) and reverse (back side).

gold buffalo coin both sides

The word ‘LIBERTY’ can be seen readily along the upper right portion of the coin’s curve. The year it is minted can be seen at the bottom left portion with the letter ‘F’ underneath it. This pays homage to this coin’s designer, Fraser.

Up next, its reverse side features the American Bison, hence the coin’s name. Presently, the common public addresses this beast as Buffalo. At the top of the coin, one can read the phrase ‘UNITED STATES OF AMERICA’.

Underneath it, the word 'E PLURIBUS UNUM' can be seen. This is the national motto of the United States of America, which translates to 'out of many, one'. Below is the face value, '$50', and '1 OZ. .9999 FINE GOLD'.

Coin Value and Investment Usability

In the past, this coin was traded at $800 (peaked at the first year of its release). Interestingly, the proof sets were traded at values of $2000 and above. These prices before were due to spot price of gold and its fluctuations.

Nowadays, people are using it as assets for their self-directed IRAs. As per regulations, gold should be .9995 above for it to be eligible to be included in an account. Because a Gold Buffalo is at .9995 purity, it is more than eligible to be considered as an asset.

Commonly, Gold Buffalo Coins, as well as other stores can be bought from respectable coin and bullion dealers.  Consequently, you will have no regrets about the coin that you will purchase because it is guaranteed authentic.

Apparently, in today’s market, Gold Buffalo coins are being minted in a relatively slow pace. And because of this, purchasing this coin while demand becomes greater than the supply will make your coins rarer.

For reference, there were only approximately 120,000 1 oz. coins minted during 2018. By 2019, the numbers dwindled down to 61,500. As you can infer, this coin’s rarity keeps on increasing after each year.

As mentioned, this coin is used by investors in a unique way. If you set up your own gold IRA today, you will be able to enjoy numerous benefits. Being able to secure yourself financially at the same time enjoying tax benefits are among these reasons.

By continuously adding coins onto your account, you will be ensured of a good future after your retirement. What better way to protect your future by investing! Start now by contacting a representative from Augusta Precious Metals, a top gold IRA firm.

Pros and Cons

Pros

  • Guaranteed quality
  • Low mintage means higher values
  • Legally minted under USA jurisdictions
  • Elegant design
  • Face value will attract many small investors
  • IRA eligible
  • Easily-purchased from dealers

Cons

  • Future is questionable
  • Inherent softness
  • Reports of rip-offs
  • Not as physically secured and balanced as other coins

Should Your Purchase This Coin?

To conclude, this ‘Gold Buffalo Coin Review’ laid down essential details about this coin. First and foremost, this is an excellent coin for investors and collectors alike. However, will investing on it be a good move to make?

Part of the reasons why many people are hesitant to invest in coins is its future value. Questions have been raised about the potential of coins. Furthermore, people are generally accustomed to link the term investing to stocks and bonds.

However, purchasing and investing in Gold Buffalo coin will prove to be crucial in terms of securing a good future. First off, its quality and rarity separates it from other forms of assets.

Albeit being pricey especially if bought in bulk, it is certainly a good investment for those who wants to try it. In our world today, gold investments should be one of your priority!

On top of that, you will face a relatively easy road ahead. This is due to the emergence of gold IRA companies such as Augusta Precious Metals that will handle your assets and account.

Lastly, it is among the best coins to buy, as listed by Investopedia!

Do note, however, that nothing in this world is free from risk. As mentioned, its face value is solely dependent on the spot price of gold. Therefore, any unfavorable economic movement will surely result to price plummeting.

Personally, investing in Gold Buffalo coin is a great move today. The global economy is still recovering slowly from the effects brought by the pandemic. So, I would heartily suggest investing in this asset.

As usual, I am extending my gratitude towards you for reading this article of mine. If you have any comments and suggestions, do leave them at the appropriate section below.

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