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Public Law 106–375 authorized a maximum mintage of 500,000 American Buffalo dollars. The coins went on sale on June 7, 2001, and sold out just 2 weeks later on June 21. The Denver Mint produced 227,131 uncirculated coins and the Philadelphia Mint produced 272,869 proof coins. Because the coins were so popular, the National Museum of the ...
The design of the American Buffalo gold bullion coin is a modified version of James Earle Fraser's design for the Indian Head nickel (Type 1), issued in early 1913. After a raised mound of dirt below the animal on the reverse was reduced, the Type 2 variation continued to be minted for the rest of 1913 and every year until 1938, except for 1922, 1932, and 1933 when no nickels were struck.
Face value Coin Obverse design Reverse design Composition Mintage Available Obverse Reverse $1: American Buffalo dollar: Buffalo nickel obverse Buffalo nickel reverse Ag 90%, Cu 10% Authorized: 500,000 (max) Uncirculated: 197,131 D Proof: 272,869 P June 7, 2001 – June 21, 2001 50¢ U.S. Capitol Visitor Center half dollar
As the U.S. Coins Guide noted, it begins during the minting process, which involves “stamping out round pieces of metal from a larger sheet of metal” in what is called the “blanking” process.
The year 2017 marked the 225th anniversary of the US Mint. Although no traditional commemorative coins were issued for the occasion, the mint did produce a $100 coin, a special uncirculated mint set featuring coins with an "enhanced" finish, and a circulating penny featuring the P mint mark. [13] [14] [15]
They are kept as a store of value or an investment rather than used in day-to-day commerce. [ 1 ] Under United Kingdom law, a bullion coin may be marketed as a coin if it is minted after 1800, is at least 900 thousandths fine, and are (or have been) legal tender in their country of origin. [ 2 ]