2012 American Buffalo Gold Coin
The 2012 American Buffalo Gold Coins continue a series of strikes that first debuted from the United States Mint in 2006. The US Mint strikes each American Buffalo Gold Coin from one ounce of 24-karat gold.
These strikes take their name from the design located on the reverse which features the image of an American Buffalo, also known as bison. Shown on the obverse of each 24-karat gold coin is the portrait of a Native American.
Buffalo Gold Coins are currently produced as both American Buffalo Gold Bullion Coins and American Buffalo Gold Proof Coins. Both feature the same basic design and specifications, however their intended market and finish are different.
The 2012 American Buffalo Gold Bullion Coins are struck for investors with their weight and content guaranteed by the government of the United States. These coins are initially sold through the Mint's network of authorized purchasers who buy the coins in bulk from the Mint, then resell them to the public for a small premium above the current spot price of the ounce of gold contained in each.
The 2012 American Buffalo Gold Proof Coins feature the same obverse and reverse imagery as the associated bullion coins but are struck with a proof finish for collectors. The numismatic Buffalo Coins are initially sold directly to the public and typically feature a much larger premium above gold spot than their bullion counterparts.
Congress authorized the Buffalo Gold Bullion Coins with the passage of the Presidential $1 Coin Act of 2005 (Public Law 109-145). The associated Proof Buffalo Coins are struck under the authority granted the Secretary of the Treasury to mint and sell items of numismatic interest.
American Gold Buffalo Coin Design
The obverse and reverse imagery on the American Buffalo Gold Coins are likely familiar to most anyone with even the slightest knowledge of American coinage and were dictated for use on the first year's release by the authorizing legislation for the coins. The designs were taken from the 1913-1938 circulating nickel by James Earle Fraser many know as either the "Buffalo Nickel" or the "Indian Head Nickel." Congress allowed for the designs to change after the first year, however, officials have chosen to remain with the classic design.
Obverse design: A profile of a Native American is found on the obverse. Also shown on the obverse are the inscriptions of LIBERTY, 2012 and an F for the artist Fraser. A mintmark is also struck on the obverse of the proof coin, but it is omitted on the bullion strikes.
Reverse design: The reverse of the coin contains an image of an American Buffalo (bison) standing on a mound of dirt. The reverse also shows the inscriptions of UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, $50 and 1 OZ .9999 FINE GOLD.
Coin Specifications & Information
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