American Coins & Notes

2006 Gold Buffalo Coin

Minted by the United States Mint, the American Buffalo Gold Coin is the first .9999 fine 24-karat gold coin minted for the public. These legal tender coins, first minted in 2006, are produced from gold mined in the United States. Their weight, content and purity are guaranteed by the government. Prepared by sculptor James Earle Fraser, the coins carry the famous Buffalo-Indian Head design which graced the 1913 nickel.  We highly recommend purchasing the Gold Buffalo Coin which has been graded by a reputable grading company such as PCGS, NGC, IGC, etc.

The design of the American Buffalo gold bullion coin is a modified version of James Earle Fraser’s design for the Indian Head nickel (Type 1), issued in early 1913. After a raised mound of dirt below the animal on the reverse was reduced, the Type 2 variation continued to be minted for the rest of 1913 and every year until 1938, except for 1922, 1932, and 1933 when no nickels were struck. Generally, Fraser’s Indian Head nickel design is regarded as among the best designs of any U.S. coins. The same design also was used on the 2001 Smithsonian commemorative coin.

The obverse (front) of the coin depicts a Native American, whom Fraser said he created as a mixture of the features of three chiefs from different American Indian tribes, Big Tree, Iron Tail, and Two Moons, who posed as models for him to sketch.

Atop a mound of dirt on the reverse (back) of the coin stands an American Bison, which commonly are referred to as buffalo. The animal depicted on the reverse is believed by most to be the bison named Black Diamond, who lived in the New York City Central Park Zoo during the 1910s. It is said that Fraser had to have someone distract the buffalo while he snuck to a position beside it to draw. Otherwise, the buffalo would turn to face him and Fraser couldn’t get the profile he wanted.

Differences that can be noted between the nickel and the fifty dollar piece are, on the gold American Buffalo coin the mound area of the reverse of the Indian Head nickel bearing the words, FIVE CENTS, has been changed to read $50 1 OZ. .9999 FINE GOLD. Also, the motto, IN GOD WE TRUST, appearing on all U.S. gold coins since 1908, can be seen on the reverse of the newer coin to the left of, and beneath, the buffalo’s head.

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About the Author

I am a collector and aggregator of information related to Gold!  From Gold Coins – Modern and Pre 1933 to Bullion.  I have been an avid collector for years and have built a fun collection of coins that I will pass on down the line one day.  I am always seeking more information on numismatics and gold in general, and found that the best way to get a lot out of something you love is to give back a little.  Gold is a fantastic and amazing commodity which has been used for over 5,000 years and continues to fascinate all those that hold it.

The Indian Head Cent

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