1 oz American Gold Buffalo

About the American Gold Buffalo (1 oz)

The American Gold Buffalo, introduced in 2006, is the first 24-karat gold coin officially minted by the United States Mint. Its design is based on James Earle Fraser's classic 1913 Buffalo nickel, featuring a Native American portrait on the obverse and an American bison on the reverse.

Unlike the Gold Eagle's 22-karat alloy, the Buffalo is .9999 fine — making it one of the purest gold coins produced by any government mint. It appeals to investors who want absolute maximum gold purity in a US government-backed coin.

Key specifications:

• Gold content: 1 troy oz (31.103 g)
• Fineness: .9999 (24-karat)
• Diameter: 32.70 mm
• Face value: $50 (legal tender)
• IRA eligible: Yes

Because of its high purity and US government backing, the Gold Buffalo typically commands a premium over pure bars and often trades at similar or slightly higher premiums than the Gold Eagle. It's a top choice for IRA accounts.