24 Karat Gold Coin- The Latest Buzz

If you are looking for pure gold coin that could catch your attention then here is some good news for you. Recently, The U.S Mint has launched the nation's first 24-karat gold coin that is expected to capture a fairly large share of the global market for pure gold coins. This American Buffalo gold coin has been prepared keeping in mind both, the investors who purchase gold to invest their money and the others who simply have a passion for gold.

The design of this coin is just similar to classic Buffalo Nickel on which an American Indian on one side and a buffalo standing on a grassy mound on the other side were present. That nickel had come into existence in 1913 and remained in existence until 1938. During the time of issuing 24-karat gold coin it was considered that the American Buffalo would easily overtake the Canadian Maple Leaf that is considered to be the top seller among 24-karat coins.

This 24-karat gold coin has a 60 percent share of the global market. Due to giving the preference for 24-karat coins by many investors, the current percentage of share has been increasing day by day. This 24-karat coin contains 99.99 percent gold, while 22-karat coin contains only 91.67 percent gold. The American Buffalo contains one ounce of gold and is slightly thicker and larger as compared to Kennedy Half Dollar. Well, this coin signifies as $50 piece but the real price is decided by the market price of gold.

There are two versions of the coin offered by the Mint. These two versions are proof coin and bullion coin. A proof coin is made for collectors and a bullion is prepared for investors. A higher-quality striking and a finer finishing are the features of the proof coin.

Initially, the Mint had decided that the proof coin would sell out for $875 per coin, but after some time it was reduced to $800. Generally, the Mint sell out the bullion coins to a few selected dealers who can distribute them to banks, coin shops, and investment firms.

This first .9999 fine 24-karat gold coin will be available in the market for those who are looking for a simple and tangible means to invest. The purity and content of this legal tender coin is guaranteed by the U.S Government.

Therefore, this 24-karat gold coin will give a 99.99 percent purity of gold that will completely suit your expectations of getting pure and high-quality gold. So, its the right time to grab this exclusive gold piece.