U.S. Mint Offers 2024-W $50 Proof American Buffalo Gold Coin

SEATTLE (Scrap Monster): The United States Mint is releasing the 2024-W $50 Proof American Buffalo Gold Coin today, with a limited mintage of 16,000.

Each coin, produced by the West Point Mint, is crafted from one ounce of .9999 fine 24-karat gold and features designs well-known to coin collectors. Sales begin at noon EDT.

American Gold Buffalos were introduced by the U.S. Mint in 2006 as its first coins produced in 24-karat gold, available in both bullion and proof versions. Sales of the investment-intended bullion coins reach tens of thousands annually, with the first five months of this year’s sales totaling 99,500 ounces. Collectors tend to favor the proof versions, like the one being released today, which feature frosted design elements set against mirror-like backgrounds. Sales figures for recent year proof coins are shown further below.

Coin Designs and Specifications

Designs for both the obverse (head side) and reverse (tail side) of the gold Buffalo coins are taken from the 1913 Buffalo nickel, Type 1, as originally created by sculptor James Earle Fraser. This includes the portrayal of a Native American on the obverse and a buffalo (American bison) on the reverse.

Several individuals are said to have inspired the right-facing Native American shown. The portrait is surrounded by the inscriptions of "LIBERTY" and "2024." Also appearing is the artist’s initial of "F" and a mintmark of "W," indicating the coin was produced at the U.S. Mint’s facility in West Point.

The reverse design serves as the source of the name of these coins. The buffalo has "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" inscribed above it, with "IN GOD WE TRUST," "$50," "1 OZ.," and ".9999 FINE GOLD" below it.

The 2024-W $50 Proof American Buffalo Gold Coin can be ordered directly from the U.S. Mint via their webpage dedicated to gold coins at a price of $3,240.00.

As with other U.S. Mint gold coins, the price may change weekly based on market conditions. The current price is based on gold’s average ranging between $2,300.00 and $2,349.99 per ounce.

 Courtesy: www.coinnews.net