Tuesday, November 24, 2009

2009 Buffalo Gold Proof Coins

By Edward Jennings

The Mint has just recently finished an announcement that it will be starting to take in orders for it's well-liked 1-oz. 2009 American Gold Buffalo Proof Coins beginning at noontime on October 29th. The cost of the coin will be formatted on the pricing standards set forward by The Mint in regard to their platinum, silver and gold numismatic products.

In a connected announcement that has upset many gold bullion coin enthusiasts, The U.S. Mint also made the pronouncement that because of information that was gathered late last year and a short time ago analyzed, the fractional denomination versions of The Uncirculated and American Buffalo Proof Gold Coins, and also the popular American Buffalo Four-Coin Set, will not be made for sale from this time onward.

Both the reverse and obverse designs of the American Buffalo Gold Proof Coin were patterned after the well-known'13 Buffalo Nickel Type I design that was made famous by James Earle Fraser. The coin's obverse shows a profile view of a Native American, and also displays an inscription of the West Point Mint's W mint mark, James Earle Fraser's initial F, and includes the words LIBERTY and 2009. IN GOD WE TRUST, .9999 FINE GOLD, E PLURIBUS UNUM, and UNITED STATES OF AMERICA are also phrases which are inscripted on the coin's opposite side together with a robust American Buffalo.

The American Buffalo Proof Gold Coin arrives shipped from United States Mint in a magnificent hard-wood box, complete with a matte finish and an imitation leather inside lining. When the box is opened, the coins are able to be seen on a platform which can stand at an angle so that enthusiasts can show off their rare coin. The coin also arrives complete with a magnificently designed Certificate of Authenticity that features a signature by the Director of the United States Mint.

Put together by the United States Congress in 1792, the U.S. Mint is the exclusive supplier of legal tender coins to both coin collectors and the American public. At present, there are 5 approved Mint facilities that are devoted to the manufacture of United States legal tender coins. This includes a facilty for meeting the country's need for circulating coinage, the United States Bullion Depository. The Mint's production facilities are at this time based in San Francisco, Philadelphia, Denver, West Point and the United States' official Bullion Depository which can be found at Fort Knox, Kentucky. While the facility at Fort Knox does is not actually involved in the manufacture of legal tender coins, it is the official storage facility for the Mint's gold, silver and platinum reserves.

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