This particular form of bullion is a 24-karat gold piece produced by the United States Mint. It replicates the design of the Buffalo nickel, originally designed by James Earle Fraser. The face value is a nominal sum, yet the intrinsic worth far exceeds that amount due to its gold content and potential collectibility.
The significance stems from several factors: its precious metal composition, its iconic American design, and its status as legal tender. Investors often acquire these pieces as a hedge against economic instability and currency devaluation. Collectors appreciate its aesthetic qualities and potential for future appreciation. Historically, it represents a continuation of the nation’s coinage legacy while incorporating the benefits of modern minting techniques.