Bullion Buzz

Austin Smith asked:


If you have been looking for a way to enhance your gold investment, the US Government has authorized the creation of a new one-ounce $50 gold coin.  The new gold bullion coin will be added to the list of gold bullion coins already being produced by the US Mint.

The new fine gold Indian Head Buffalo coin will be sold in a protective capsule to provide the maximum protection available for a .9999 fine gold coin.  This capsule will be different from the protection provided for proof coins.  Another change to the system is that the Indian Head Buffalo coin will be individually protected.  Previous protection has been to put twenty coins in a tube and seal them.

The American Gold Eagle is currently the best selling gold bullion coin but the new Indian Head Buffalo coin is a purer coin.  The Eagle is 22-karat and the Buffalo coin will be 24-karat.  The Canadian Maple Leaf is currently the world’s best selling pure gold coin.  The Mint is hoping to capture more of the pure gold market.

In 2001, the US Mint produced the Indian Head Buffalo $1 silver coin and it was very popular.  The Mint hopes the new Buffalo fine gold coin will do as well.  No limit has been placed on the production of the new Buffalo coin and the US Mint hopes it will become a choice of gold collectors around the world.

As gold prices continue to rise and more investors from China and other Asian countries continue to look for fine gold coins to invest in, fine gold looks to be a stable investment that no one should ignore.  Gold coin investors are excited about the new issue and the US Mint is hopeful that it will be able to secure more of the foreign gold market share.



Fred