History of the coin can be traced back in the year 1913 when it was first produced.
It has the design of an Indian chief on one side while the American Bison on the other side.
Contrary to its name, there is no buffalo to be found anywhere on the Gold Buffalo coin.
James Earle Fraser, a famous sculptor, was hired by Franklin MacVeagh, the treasury secretary back then to do the design.
When the coin was launched into circulation, the public observed that the mound part wore away faster than the other parts.
In 2005, US Mint issued the 24 karat gold bullion coins.
The new coin was made in fine gold was launched in 2006 by the US mint.
It was almost an instant success with the number of coins sold after seven months.
Compared to the Gold Eagles coin series which sold more than 200 thousand pieces, the new coin sold more than 300 thousand pieces.
For collectors, the Gold Buffalo coin is a good investment on the whole collection.
Even with the statistics provided, the coin is most sought after as the government implemented that each household can only store 10 pieces.
The attractive creation, on top of its value, has earned its great place on the bullion and collector coins.
Shareholders are after the coin for its 1 ounce of gold in.
9999 purity level.
It was given a face value of $50 but in today's high market for gold, the value is so much more that is why this is known as a good investment if the cost continues to increase in time.
This is not very unlikely to happen.
The coins were offered in two versions.
The bullion version is sold by the network of authorized purchasers of US Mint and the proof versions which US Mint sold directly.
Each coin reflects an important part of history and at the same time investment value.
Traders and collectors are busy with acquiring the coins in its best condition.
The internet is one good way of looking for the precious pieces of history.
With deals of 2-3 coins, some traders are willing to provide discount on the prices.
This means a lot for collectors and traders.
The value of each coin will increase together with the market price.
The coins are easy to market making it more sought.
It is therefore important to handle each transaction with caution as there could be fake pieces.