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We’ve provided several answers to questions related to 1 oz American Gold Buffalo - Sealed Tube of 20 Coins Varied Years (BU) , see some other helpful Q&A related to this product.
Question: Why buy from Guidance Corporation?
Answer: Guidance Corporation is a family-owned business with over 35 years of experience. We provide a 100% authenticity guarantee and the most competitive pricing on U.S. Mint gold.
Question: How much does a full tube weigh?
Answer: A full tube contains 20 troy ounces (approx. 622 grams) of gold, plus the weight of the protective acrylic tube.
Question: Is the American Gold Buffalo recognized worldwide?
Answer: Yes, it is one of the most liquid and trusted 24k gold coins globally, easily recognized by dealers and investors alike.
Question: Is there a mint mark on these coins?
Answer: Standard bullion (BU) Gold Buffalos do not have a mint mark. The "W" mint mark (West Point) is typically reserved for Proof collector versions.
Question: Are these coins "New" or "Used"?
Answer: While they are from varied years, they are in Brilliant Uncirculated (BU) condition, meaning they have never been in circulation and retain their original mint luster.
Question: Does the year of the coin affect its gold value?
Answer: For bullion purposes, no. Every Gold Buffalo contains exactly 1 troy ounce of pure gold regardless of the date on the coin.
Question: Is 24-karat gold softer than 22-karat gold?
Answer: Yes. Pure .9999 gold is softer and more prone to surface marks than the alloyed 22k Gold Eagle. Keeping them in the protective mint tube is the best way to preserve their BU condition.
Question: What inscriptions are on the reverse?
Answer: The reverse includes "United States of America," "E Pluribus Unum," "In God We Trust," and the designation "$50 1 OZ. .9999 FINE GOLD."
Question: What are the physical dimensions of each coin?
Answer: Each coin has a diameter of 32.7 mm and a thickness of 2.95 mm.
Question: How does the Gold Buffalo compare to the Gold American Eagle?
Answer: The Buffalo is 24k (.9999 fine), whereas the Eagle is 22k (.9167 fine). Because the Buffalo contains no copper or silver alloy, it is slightly smaller in diameter but contains the same 1 troy ounce of pure gold.
Question: What is the face value of these coins?
Answer: Each 1 oz coin has a legal tender face value of $50 (USD), backed by the U.S. government for its weight, content, and purity.
Question: What is the animal on the reverse?
Answer: The reverse depicts an American bison, believed to be "Black Diamond," a famous buffalo that lived in New York City's Central Park Zoo in the early 1900s.
Question: What is featured on the obverse?
Answer: The obverse features a composite profile of a Native American chieftain, created by combining the features of three different chiefs: Iron Tail (Sioux), Two Moons (Cheyenne), and John Big Tree (Seneca).
Question: Who designed the Gold Buffalo?
Answer: The designs are recreations of the 1913 Buffalo Nickel by James Earle Fraser, one of the most beloved designs in American numismatic history.
Question: Is this "Varied Years" tube IRA-eligible?
Answer: Yes. All American Gold Buffalo coins meet the IRS purity requirements (.995+) and are fully eligible for inclusion in a Precious Metals IRA.
Question: How are the coins packaged?
Answer: The 20 coins are housed in an official U.S. Mint heavy-duty plastic tube. Depending on inventory, these are often shipped in original mint-sealed tubes to ensure the coins remain untouched.
Question: Are Gold Buffalos 24-karat gold?
Answer: Yes. Introduced in 2006, the Gold Buffalo was the first .9999 fine (24-karat) gold coin ever produced by the United States Mint for public investment.
Question: How much gold is in this tube?
Answer: The tube contains 20 coins, each with 1 troy ounce of .9999 fine gold, for a total of 20 troy ounces of pure gold.
View all 1 oz American Gold Buffalo - Sealed Tube of 20 Coins Varied Years (BU) Questions & Answers