This particular United States Mint product is a 24-karat gold bullion coin. Its design is inspired by James Earle Fraser’s iconic Buffalo nickel, which was first released in 1913. The coin has a face value of fifty dollars and contains one troy ounce of gold. Its value, however, is primarily determined by the current market price of gold rather than its face value.
The importance of this bullion coin lies in its appeal to both investors and collectors. For investors, it provides a tangible asset that can serve as a hedge against inflation and currency devaluation. For collectors, its historical design and gold content make it a desirable addition to numismatic collections. Its historical context is rooted in the desire to revive classic American imagery on coinage and provide a domestically sourced gold bullion option. The coin provides investors with a way to diversify their portfolios.