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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 standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).
Gold coins for sale at the Dubai Gold Souk. A gold coin is a coin that is made mostly or entirely of gold.Most gold coins minted since 1800 are 90–92% gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo.
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg. During the 19th century gold rushes, gold nuggets and dust were melted into crude gold bars mistakenly called "bullion" by miners. They were, more accurately, doré bars with higher contents of silver and other adulterants than the mints would accept.
The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold bullion bars and 90% for bullion coins. [2]
A lucky youngster got the birthday gift of a lifetime when she discovered a 2.95-carat golden brown diamond in Arkansas.
The Buffalo nickel or Indian Head nickel is a copper–nickel five-cent piece that was struck by the United States Mint from 1913 to 1938. It was designed by sculptor James Earle Fraser . As part of a drive to beautify the coinage, five denominations of US coins had received new designs between 1907 and 1909.