The United States Mint has started accepting orders for the 2014 American Gold Buffalo Proof Coins. Struck in one troy ounce of 24 karat gold, these coins feature James Earle Fraser’s classic design from the 1913 Type 1 Buffalo Nickel.
The obverse design of the coin features the profile portrait of a Native American based on a composite of three real life models. These are believed to be Iron Tail of the Sioux, Two Moons of the Cheyenne, and John Big Tree of the Seneca nation who had each posed for Fraser years earlier. The inscriptions include “Liberty” in the top right field and the date “2014” on the shoulder. The designer’s initial “F” appears incused below the date.
On the reverse is the image of a male North American Bison, commonly referred to as a buffalo, standing on a raised mound. According to numismatic legend, the image was based on Black Diamond from the Central Park Zoo. Inscriptions include “United States of America”, “E Pluribus Unum”, and “In God We Trust”. The legal tender face value along with the precious metal weight and purity appear incused on the mound.
The 2014 Proof American Gold Buffalo is struck in one troy ounce of 24 karat (.9999 fine) gold with a diameter of 1.287 inches. The coins are produced at the West Point Mint facility and carry the “W” mint mark. Packaging consists of an elegant hardwood box with matte finish with a certificate of authenticity included.
Pricing for the coins is initially set at $1,640 each, based on an average weekly market price of gold within the $1,250 to $1,299.99 range. The price may be adjusted on a weekly basis in response to changes in the market price of gold. There are no stated product limits or household ordering limits imposed.
The American Gold Buffalo was launched in 2006 as the first 24 karat gold coin series produced by the United States Mint. Bullion and numismatic versions of the coin have been issued for each subsequent year. Earlier in the year, the US Mint released a one ounce bullion versions of the 2014 American Gold Buffalo through its network of authorized bullion purchasers.