The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
The United States Mint will begin sales of the highly anticipated 2009 American Buffalo Gold Proof Coin today October 29, 2009 at 12:00 Noon ET.
The obverse and reverse design of the coin is based on the original 1913 Type I Buffalo Nickel designed by James Earle Fraser. The heads side of the coin features a Native American Chief shown in profile. The tails side of the coin features an American Bison standing on a raised mound. The Buffalo Nickel was issued from 1913 to 1938 and remains a favorite of collectors for its uniquely American images.
The 2009 Proof Gold Buffalo contains one ounce of .9999 fine 24 karat gold. The coins are produced at the West Point Mint and carry the “W” mint mark. Each coin will be presented in an elegant hardwood box with matte finish and faux leather inset. The coins can be exhibited on an angled platform display when the box is open. A certificate of authenticity signed by the Director of the United States Mint is also included.
Each coin is priced at $1,360 plus applicable shipping and handling charges. There are no ordering limits for the coins and no maximum mintage has been set. Pricing for the coins may be adjusted as frequently as once per week, based on changes to the average weekly London Fix price of gold.
[Online: US Mint Product Page]