Sometimes gold coins are not the ones that reach the highest prices at auctions. However, any gold dollar, regardless of the face or market value is suitable for any numismatics lover.
This is because a coin can increase its face value because of its importance in history, a minting error, or due to the low population it may have. Gold Buffalos, 2006 American Buffalo MS $50 reached a staggering price at auction about 14 years ago.
Where was the Gold Buffalo coin sold?
Many collectors like to bid on eBay, and this is one example of the many numismatic gems that have been sold on this website. Since this $50 Gold Buffalo specimen from 2006 was sold in 2010, its value may have increased since then.
Not all Gold Buffalos have reached the value of $10,475. Let’s have a look at a similar example which was sold for a fantastic price, but not as high as this Gold Buffalo.
Take for example the 2006 $50 American Buffalo 99.99 Fine Gold (Regular Strike). The metal it was made from was basically gold, 99.99%. Its weight is 31.11 grams.
How much was the 2006 $50 American Buffalo 99.99% Fine Gold coin worth?
The auction record was $2,990 and it was Heritage Auctions the one in charge of selling it, not eBay. It was also sold back in 2010, so it may be even more expensive now if it were in an auction. The Mint that made it is the one in Philadelphia.
The mintage is 337,012 and its designer was James Earle Fraser. One of the distinctive features of this 2006 $50 American Buffalo 99.99% Fine Gold is that it was the first time that the U.S. Mint struck 24-karat pure gold coins.
What is more, the 50-dollar coin evokes nostalgia to Americans. This coin depicts an Indian chief design and one of the most popular animals in the USA, the Buffalo. Besides, these coins did not depict an eagle on the design of billions for the first time.