US 24-carat Gold Bullion Coins
In 2006, the United States Mint announced that they would be minting the first official U.S. 24-carat gold coins. These would be collector quality proof coins of 99.99% pure gold, rather than the usual 22-carat numismatic coins most often circulated by the world’s gold bullion coins producers.
Later in 2006, the first US 24-carat gold coin was minted as a remake of the popular Indian Head Nickel of 1913. These were commonly known as Buffalo Nickels and the new gold bullion coins of the same design featured an American Indian Chief profile on the front and a bull buffalo on the reverse.
The new 24-carat gold coins at 1 Troy ounce were immediately popular and were official currency, marked at $50, although the gold value was much higher, of course. Each coin includes an official certificate of authenticity fro the U.s. Mint, and all were struck at the West Point mint.
Especially prized amongst collectors are the proof coins from this series, which the Mint ceased producing earlier this year due to a lack of gold availability.
Today, amongst collectors, the coins vary in value according to both the daily market price of gold and the rarity of the particular year’s minting. 2006 coins are the most sought after in that latter regard as that year saw only limited production, mostly of proofs.
For the American coin collector, the US 24-carat gold coin Buffalo is definitely the top collector’s piece for gold and Mint value. While other coins may have higher per-coin values and be harder to find, only this coin has the purity of gold and popularity that 24-carat gold coins can bring.
Tags: 24-carat gold coins, gold bullion coins, US 24-carat gold coin
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