US Mint Produces First Ever Pure Gold Coin

Posted on 22. Jun, 2006 by in News, Saving & Investing

goldcoins.jpgStarting today the United States Mint will sell the 24-karat American Buffalo Gold Coin. The one-ounce $50.00 face value legal tender coin contains .9999 gold in a bullion version for investors (slightly more than $50) and a proof version for collectors ($800). The iconic James Earle Fraser image of an American bison graces the reverse (tails side), and Fraser’s classic design of an American Indian is featured on the obverse (heads side). The American Buffalo Gold Coin has inscriptions of the coin’s weight, denomination and gold content incused on the reverse (Buffalo side) in the design area commonly known as the “grassy mound.”

I’ve never been much of a gold collector but these coins look pretty cool – I might have to get me one just to say I’ve “invested in gold.” If you’re interested in picking up a few yourself, you can find a bullion coin retailer by going to http://www.usmint.gov/bullionretailer or by calling 1-800-USA-GOLD, (872-4653).

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