In 2006, the United States Mint introduced the American Gold Buffalo Proof Coin, adding it to their collection of gold bullion coins. This coin was a significant milestone as it was the Mint’s first .9999 fine gold coin. Inspired by the popular Buffalo Nickel, designed by James Earle Fraser, the Gold Buffalo brought back this iconic design. The American Gold Buffalo was highly anticipated due to the success of a similar coin, the 2001 silver commemorative coin, which sold out quickly. The coin was minted at the West Point Mint and released for sale in 2006, creating excitement among collectors.
Collecting the 2006-W American Buffalo Gold Proof
The 2006-W American Buffalo Gold Proof is considered the most common issue in the series, with a mintage of 246,267 coins. It can be found in online auctions and is often sold in its original packaging or as a certified coin. Whether buying a raw or certified coin depends on personal preference. Raw coins are more affordable, while certified coins offer benefits like guaranteed authenticity, easier storage, and a certified grading number. However, buyers should beware of counterfeit coins, so purchasing from reliable dealers is crucial.
Should You Buy Raw or Certified Coins?
- Raw Coins: More affordable, and as long as they come from a reputable source, they can be a good choice for collectors.
- Certified Coins: Offer the benefit of verified authenticity, easier storage, and peace of mind knowing the coin’s condition is accurately recorded.
While both types have their advantages, certified coins tend to have a higher resale value. However, many collectors still find raw coins appealing, especially if they are well-maintained.
Specifications
| Feature | Detail |
|---|---|
| Country | United States of America |
| Year of Issue | 2006 |
| Denomination | $50 (USD) |
| Mintmark | W (West Point) |
| Mintage | 246,267 |
| Alloy | .9999 Gold |
| Weight | 31.11 g |
| Diameter | 32.70 mm |
| Edge | Reeded |
| Designers | James Earle Fraser (both obverse and reverse) |
Conclusion
The 2006-W American Gold Buffalo Proof coin is an important piece in the world of coin collecting, both because of its historical significance and its strong demand among collectors. While it may be considered a “common” coin due to its higher mintage compared to other Proof issues, it still holds significant value. Whether you choose to buy raw or certified coins, this piece of American history is a valuable addition to any collection. Ensure to buy from trusted sources to avoid counterfeit products.
FAQ’s
What is the mintage of the 2006-W American Gold Buffalo Proof coin?
The mintage of the coin is 246,267.
Is the 2006-W American Gold Buffalo Proof coin a good investment?
Yes, it’s a highly sought-after coin, and its value may increase over time, especially for higher-graded examples.
Where can I buy the 2006-W American Gold Buffalo Proof coin?
You can buy it from reliable dealers, the U.S. Mint, or online auction sites like eBay.