This explicit United States Mint product is a pure gold bullion coin. Its design is impressed by James Earle Fraser’s iconic Buffalo nickel, which was first launched in 1913. The coin has a face worth of fifty {dollars} and incorporates one troy ounce of gold. Its worth, nevertheless, is primarily decided by the present market worth of gold moderately than its face worth.
The significance of this bullion coin lies in its attraction to each traders and collectors. For traders, it offers a tangible asset that may function a hedge towards inflation and foreign money devaluation. For collectors, its historic design and gold content material make it a fascinating addition to numismatic collections. Its historic context is rooted within the want to revive traditional American imagery on coinage and supply a domestically sourced gold bullion possibility. The coin offers traders with a strategy to diversify their portfolios.