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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.
The ironic part is that despite Moffat and Company producing the $50 Dollar Ingots, they didn't have their mint mark or name stamped on the gold (until the $10 gold coin produced in 1852). These $50 Ingots are very rare and prices can range anywhere from $10,000 and up. Currently, the auction record stands at $14,460,000.
Delayed until the end of World War II, the Red Book was published in 1946, providing collectors even more historical information as well as retail values (prices collectors could expect to pay coin dealers to buy coins) instead of wholesale values. R. S. Yeoman served as editor of the Red Book and Blue Book until he retired in 1970.
In 2020, the company advertised a coin coated with 14 milligrams of 24 karat gold. [11] Based on recent prices in early April, 2020, this amount of gold was worth approximately 70 cents. The coin was offered for $9.95 plus $4.95 shipping and handling.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The silver-colored Susan B. Anthony dollar was replaced with gold-colored Sacagawea dollar in 2000 and Presidential Dollars 2007-2016; though the composition changed, the coin's size and weight remain the same. Some variances in coin size and weight occurred over time, especially as the value of silver varied.