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American Eagle Gold $50 versus the American Buffalo Gold $50 coin
Sharing the same face value, legal tender status and nearly identical in size, the most notable physical difference lies in the composition of the coin.The American Buffalo is the first coin struck by the United States Mint in 24 karat, .9999 pure gold. While both coins contain the exact same amount of gold (added alloys make the Eagle slightly heavier), this is an important distinction nonetheless. There is an undeniable appeal to holding a coin struck in the purest gold commonly available, but Eagle coins have always been struck in a 22 karat gold for a very important reason: Pure gold is soft and very susceptible to damage. That’s why Buffalo coins come packaged in sheets of plastic rather than rolls, as simple coin-to-coin contact may be sufficient to cause visible damage. IPM recommends holding certified and encapsulated Buffalo coins to help protect the Buffalo from damage that could compromise its Brilliant Uncirculated Mint condition.
Currently the American Buffalo coin is available in only a $50 denomination, whereas Eagles are available in four denominations. We at IPM see room for both Eagle and Buffalo in any portfolio, and advocate a holding strategy that incorporates various issues struck by the United States Mint.
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Copyright © 2007 International Precious Metals. All rights reserved. All information and material contained herein is for the sole use of IPM clients and prospective clients, and may not be used or distributed for any other purpose without express written permission.
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Pure gold is naturally very soft. This added to its appeal in ancient times, as it can be worked and shaped in ways other metals cannot. This softness means that items made from 24-karat, pure gold are particularly delicate and susceptible to scratching and marring from even light contact. That's one reason why IPM recommends holding 24 karat gold American Buffalo coins certified and encapsulated by NGC, the official grading service of the American Numismatic Association. The hermetically-sealed capsule is specially-designed to protect the coin and preserve its pristine Mint condition.
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IPM accepts many convenient forms of payment, including major credit cards, personal and bank checks, bank wires, and metal trades. Talk with your account reprentative to determine the best and most convenient form of payment for any particular transaction.
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