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Buffalo Silver Dollar
2001 ANACS MS70 and PR70 Buffalo Silver Dollars
Types Of American Buffalo Gold Coin
The first American Buffalo gold coin was issued by the US Mint in June 2006 under the 2005 Presidential $1 Coin Act. It was America's first 24-karat pure gold coin with 0.9999 fineness. In the past, investors who want 99.99% pure gold, had to purchase foreign 24-karat gold coins. The available purest US gold Bullion coins back then were standard American gold Eagles with 0.9167 fineness gold content. The 2006 American gold Buffalo coin was an immediate success. Over 300,000 coins sold out in the year of 2006, comparing to the total sales of 201,500 American Gold Eagles, the world's best selling gold bullion. The US Mint continued producing the American gold Buffalo coins in 2007 and 2008.
With a legal tender value of $50 US dollars, American Buffalo Gold Coin features almost the same design of the famous Buffalo Nickel from 1913 to 1938. Designed by the renowned American Sculptor James Earle Fraser, Buffalo gold coin portrays a Native American chief in the obverse side. The reverse side features an American bison on a mound of dirt, which is believed to be "Black Diamond," a popular Bison of New York's Bronx Zoo. Each coin is inscribed with "$50", "1 OZ. .9999 Fine Gold," "Liberty," "E Pluribus Unum," and "In God We Trust."
The 2006 and 2007 Buffalo gold coins have only been issued in 1 oz version. The US Mint also produces a proof version of Buffalo gold coin, which features a very sharp degree of detail and mirror like surface after being struck multiple times. The US Mint issued 3 fractional sizes of Buffalo gold coin in 2008 besides the regular 1 oz American Buffalo gold coin, including 1/2 oz ($25 face value), 1/4 oz ($10 face value) and 1/10 oz ($5 face value) sizes. All American Buffalo gold coins are struck at the US Mint in West Point, NY. Only the proof version of the Buffalo gold coin bears the mint mark "W" on the obverse; the bullion version does not have the "W" mark.
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About the Author
Wilson Snyder is a freelance writer. Learn more about American Buffalo Gold Coin at Buffalo Gold Coin.
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Frequently Asked Questions...
Can someone please give me some advice on how to sell coins? Plz!! Idk if they are valued at anything.?
I have coins from five cent Buffalo/Indian heads, half & one dollar coins, pennies from the 1800's, dimes from the early 1900's, & I am guessing a silver penny not copper.
Answer:
Go to Borders and look up the prices in a catalog, first. http://www.borders.com.au/book/2010-north-american-coins-and-prices-a-guide-to-u-s-canadian-and-mexican-coins/4460818/ They let your read all you want, bring a notepad, write down the values, take notes. If at a library, you can photocopy the page as a reference for when you go to sell.
I don't trust most people in evaluating the price because they can gain by providing the wrong info. I've had numismatists say no one would ever provide false info, but I'm paranoid. You'll just want to know what you're selling and how much it's worth.
I should also remind you that the prices in these books are current market value, not set in stone prices. Some people will pay more (like some coins only have 100k minted, worth $1, but you'll get offers for $5 because so many want that coin) and some coins that are valued at a high amount you'll end up getting less for it on a slow week or something-- but, it does give you a much better idea of what to expect.
If you sell to a coin store, expect them to take somewhere around 25-40%. You'll want to weigh your options. I had a gold American eagle: they offered $80; I sold it for $102, but had fees. Probably ended up getting around $90 for the extra work. Market value was about $110 at the time (about fifty people selling their $5 gold coins, too. guh!)
eBay is around 20-30%, but it's a sliding scale so if you're selling something into the thousands you get a better deal but get screwed on the two dollars here and there. Selling on Google shop, they appear to charge something like 3% for handling transactions and I believe another 3% for listing fees etc etc. More bang for your buck compared to eBay, but with eBay, people go to eBay all the time - it's known. Unless you're in a business and keeping a spreadsheet selling on eBay, you really have no idea how much you're spending (or wasting). Shipping fees, packaging fees, listing fees (they give you free auction listings, but price carefully or you might sell a $20 coin for 99¢ if not enough people are around to bit on it), money handling fees (PayPal). They tend to nickel and dime you to death on eBay http://pages.ebay.com/help/sell/fees.html, but you sell much faster than other places, for the most part.
There's also auction houses, city swap meets, craigslist (be careful), and stuff like that. Usually they have you pay a fee for setting up a shop, like $50 a day plus parking or permits etc etc etc. Don't try garage sales. People aren't going to buy a $20 coin and take your word for it, even IF you provide a print out saying it's worth $20. It's a darn garage sale - two bucks!
Good luck!




















































































