The American Buffalo is a United States bullion coin. It was issued for the first time in 2006. The gold coin is issued by the United States Mint and produced in West Point( New York). It is the first 24 karat, pure gold coin (99,99% fineness), struck by the US Mint.
The Gold Buffalo is legal tender in the United States with a face value of 50 dollars for the one ounce coin. In 2008 half ounce, quarter ounce and a tenth ounce denomination were issued.
The design of the coin was inspired by the 5-cent coin from 1913 (Indian-Head-Nickel, Buffalo-Nickel). The coin’s edge is reeded. The obverse depicts the head of an Indian chief, without identifying if. For the 1913 portrait is based on the chiefs Iran Tail (Lakota Sioux), John Big Tree (Seneca) and Two Moons (Cheyenne). The reverse shows an American Buffalo standing on a grass hill. The Animal is said to be “Black Diamond”, a popular attraction of the Central Park Zoo in New York. Both sides were designed by James Earle Fraser.
In 2006, 323,000 American Buffalo coins were issued and sold by the US Mint. In 2007 the number dropped to 167,500 pieces.