American Gold Buffalo Melt Value

American Gold Buffalo, obverseAmerican Gold Buffalo, reverse
Shown: Obverse and reverseUnited States Mint image, via Wikimedia Commons (front, back).

An American Gold Buffalo contains 1.0000 troy oz of pure gold, worth $3,996.90 at today's spot price.

Introduced in 2006, the Gold Buffalo was the US Mint's first 24-karat gold coin. It uses James Earle Fraser's Indian Head and bison design from the 1913 Buffalo nickel.

2006–present

$3,996.90 melt value per coin

1.0000 troy oz gold · 99.99% gold

Melt values use these spot prices (US dollars):

  • Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 7:10 PM EDT

Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.

Specifications

Years 2006–present
Face value $50
Composition 99.99% gold
Gross weight 31.103 g
Fineness .9999 (99.99%)
Pure metal 1.0000 troy oz (31.103 g)
Diameter 32.7 mm

How the melt value is worked out

Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.

  • 31.103 g × .9999 fine ÷ 31.1035 g per troy oz = 0.9999 troy oz (the issuer states 1.0000 troy oz, which we use)
    1.0000 troy oz × $3,996.90 spot = $3,996.90

How to identify it

  • An American Indian faces right on the obverse; an American bison stands on a mound on the reverse.
  • The US Mint gives the weight as one troy ounce of 99.99% gold.

Melt value vs. collector value

Bullion coins usually sell for a premium over melt value. Proof, low-mintage and graded coins can be worth considerably more than their metal.

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