2011 Gold Buffalo Coins

Early this week, the 2011-dated American Gold Buffalo coins made their first appearance. The coins went on sale through the US Mint’s network of primary distributors, who will then resell the coins to the broader public.

The Gold Buffalo coins feature a classic design and are struck in 24 karat gold. This has proven to be a popular combination. The design is from James Earle Fraser’s Buffalo Nickel, which was produced for circulation from 1913 to 1938. On the obverse is a portrait of a Native American chief, while on the reverse is an American Bison.

The 2011 Gold Buffalo features the same design as when the series was originally introduced in 2006. It’s interesting to note that the authorizing legislation allows for design changes to either the obverse or reverse after the first year of issue. Thankfully, the US Mint has not exercised this option.

For collectors, the US Mint will release a proof version of the coin later this year. Based on the current price of gold, the collector coins would be priced at $1,710 each. The final price will be based on the average price of gold closer to the release date.

With gold recently reaching a fresh all time high, will the popularity of this series continue? Or will some start to get priced out of the market?

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