First introduced in 2006, this is the third year of the American Buffalo Gold coin series. These are the first .9999 pure gold coins produced by the US Mint. Due to their weight, content, and purity – which are guaranteed by the US government the American Buffalo Gold are investment-grade coins. For 2008, in addition to the 1 oz bullion version, the US Mint also produced them in 4 different weights of Proof and Uncirculated versions. While all versions of the American Buffalo Gold coins are struck at the West Point Mint, only the Proof and Uncirculated bear the W Mint Mark. Provident Metals currently has the 2008 American Buffalo 1 oz Gold coin available for purchase.
For the first time ever, the price of gold surpassed the $1,000.00 per ounce threshold in 2008. After reaching a high of $1,023.50 per ounce, the price of gold dropped to finish the year at $865.00 per ounce. This closing price for gold was only a 3.4% increase over the previous year, which was the smallest increase since 2001.
The American Buffalo Gold coin obverse spotlights the Native American Chief design created by James Earle Fraser for the Indian Head or Buffalo Nickel, which circulated from 1913 to 1938. This profile is actually considered to be a composite of 3 Chiefs: Chief Two Moons of the Cheyenne, Chief John Big Tree of the Kiowa, and Chief Iron Tail of the Oglala Lakota. Collectors know it as Frasers 1913, Type I design. The Buffalo Nickel, with the Native American Chief obverse, quickly became one of our best-loved circulating coins. Inscriptions on the obverse are LIBERTY and 2008.
The American Buffalo Gold coin reverse spotlights the American Buffalo design created by James Earle Fraser for the Indian Head or Buffalo Nickel. Black Diamond of the Central Park Zoo, the largest American buffalo held in captivity at the time, is considered to be the inspiration for the buffalo profile. Inscriptions on the reverse are UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, 1 OZ. .9999 FINE GOLD, and $50.
The Presidential $1 Coin Act of 2005 authorized the production of the $50 American Buffalo Gold coins, to be offered in both bullion and proof condition. These were the first one ounce .9999 pure gold coins produced by the US Mint. They were created to allow the US to keep pace with the 24 karat gold coin options of other countries, such as the Canadian Gold Maple Leaf and the Chinese Gold Panda. The Act also stipulated that the obverse and reverse designs of the Buffalo Nickel, designed by James Earle Fraser, be used as the obverse and reverse of the American Buffalo Gold coins.
Should you have any questions, our Provident Metals Customer Service team will be happy to answer them. We can be reached via phone at 800-313-3315, online via our live chat, or via our email.
When the subtotal of your purchase, including applicable discounts, is $199 or more, you receive free shipping for your entire order. In order to receive free shipping on purchases of $199 or more, you must live within the 50 US states. For orders less than $199, a $7.99 shipping fee applies. All products are discreetly packaged and shipped with full insurance included.
Most Provident orders are shipped within one (1) business day of your payment clearing. Payments made via PayPal clear instantly. Bitcoin payments clear instantly once the transaction is confirmed. Credit Card and bank wire payments process within 1 business day. ACH and paper check payments take 3-5 business days. Once payments are processed, products are released to fulfillment for packaging and shipping.
All orders of $199 or more that are eligible for free shipping are, by default, shipped via a carrier of our choice (USPS or UPS). Depending on the contents and size of your purchase, you may be able to upgrade to a specific carrier during checkout.
For those orders of $999.99 or less, there is no need to sign for your package. However, you may select the option to require a signature at delivery if you want. This can be chosen and paid for at checkout. All orders of $1000 or more require a signature to complete delivery.
Provident is only able to ship to addresses in any of the 50 US states. This includes P.O. boxes and APO addresses.
|Mint Mark||Not Shown|
|Designer (Obverse)||James Earle Fraser|
|Designer (Reverse)||James Earle Fraser|
|Product Series||American Buffalo|
|Certificate of Authenticity||No|
|Capsule Size||33 mm|
|Metal Content||1 Troy Ounce|
|Shipping||Orders over $199 Ship Free|
|Packaging Dimensions||1.3 x 1.3 x 0.1|