2017-W $50 Proof American Buffalo Gold Coin Released

by Darrin Lee Unser on May 11, 2017 · 3 comments

The United States Mint’s latest annual product for collectors, the 2017-W $50 Proof American Buffalo Gold Coin, launched today at noon ET.

2017-W $50 Proof American Buffalo Gold Coin and Case

2017-W $50 Proof American Buffalo Gold Coin and Case

Struck in an ounce of 24-karat, 99.99% pure gold, this coin debuts at $1,590 — a price that can change weekly depending on the trending value of gold.

"The American Buffalo One Ounce Gold Proof Coin is the first 24-karat gold proof coin ever struck by the U.S. Mint and is the coin collector version of the official United States Mint American Buffalo Gold Bullion Coin," the U.S. Mint describes.

Unlike the aforementioned bullion version, each is produced to a collector-grade proof quality finish which enhances designs that were featured first on the 1913 nickel as created by James Earle Fraser.

The gold coin’s obverse shows a right-facing portrait of a Native American. Fraser is believed to have created the image based on a combination of three different individuals. Inscriptions of ‘2017’ and ‘LIBERTY’ join the portrait along with an ‘F’ for the artist’s initial and a ‘W’ mintmark to denote its production at the West Point Mint.

2017-W $50 Proof American Buffalo Gold Coin - Obverse

This image shows the gold coin’s obverse or heads side

On the reverse, we find a single American Buffalo, or bison, surrounded by inscriptions of ‘UNITED STATES OF AMERICA,’ ‘E PLURIBUS UNUM,’ ‘IN GOD WE TRUST,’ the coin’s legal tender face value of ‘$50’ and its weight and fineness of ‘1 OZ. .9999 FINE GOLD’.

2017-W $50 Proof American Buffalo Gold Coin - reverse

This image shows the coin’s reverse or tails side

Specifications for the Buffalo coin include a diameter of 1.287 inches, a thickness of 0.116 inches and a weight of 1.000 troy ounces.

Sales of 2006-2016 Proof American Buffalo Gold Coins

The proof Gold Buffalo was introduction in 2006. The chart below lists initial pricing and final sales for the previous 1 oz. gold pieces.

Year Debut Price Final Sales
2016 (released on March 31) $1,590.00 21,878
2015 (released on April 9) $1,590.00 16,591
2014 (released on May 8) $1,640.00 20,557
2013 (released on May 23) $1,790.00 18,594
2012 (released March 15) $1,960.00 19,715
2011 (released May 19) $1,760.00 28,683
2010 (released June 3) $1,510.00 49,263
2009 (released October 29) $1,360.00 49,306
2008 (released July 22) $1,199.95 18,863
2007 (released May 23) $825.95 58,998
2006 (released June 22) $800.00 246,267

 

In addition to the 1 ounce proof and bullion coins, the U.S. Mint over the years has issued other variations of the American Gold Buffalo. This includes fractional editions and a special reverse proof to celebrate the 100th anniversary of the James Earle Fraser designs.

Ordering

The 2017-W $50 Proof American Buffalo Gold Coin is available at the U.S. Mint’s online page for gold coins, located here. Customers can also place orders by calling 1-800-USA-MINT (872-6468). No mintage, product or household order limits apply.

The coin is displayed on an adjustable platform inside a matte-finish hardwood presentation case with a leather-like inset and ships with a certificate of authenticity.

{ 3 comments… read them below or add one }

lonnie May 11, 2017 at 11:52 am

the price is $365 over spot. that is just too much. just wait 18 months and purchase one at a coin show for about $100 over spot. that is what i have done the past 4 years.

Stewart May 11, 2017 at 3:11 pm

Agreed on the $$$ of the coin, but damn, that is a beautiful coin. Should I pay extra for the beauty….probably not. And your advice on a purchase on the secondary market is spot on.

lonnie May 11, 2017 at 4:10 pm

stewart, i agree with you it is a beautiful coin. i think it america’s present day most beautiful coin.

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