Congress National

 

<< Previous    1  2  [3]    Next >>

Considering the popularity of the of Indian Head-Buffalo design, the U.S. Mint's new .9999 fine gold coins could provide stiff competition for the Gold Maple Leafs. Fraser's designs proved to be a winner in 2001 when the U.S. Mint produced a limited number of Indian Head-Buffalo $1 silver coins sets. The sets sold out immediately and today carry prices several times their initial offering prices.

The new Indian Head-Buffalo .9999 fine gold coins, however, will not be limited edition, at least not the first year. The bill permits the Mint to "change the maximum number of coins issued" in subsequent years. Further, the bill authorizes the Mint to change the designs on either the obverse or the reverse after the first year's production.

Although the U.S. Mint produces its popular American Gold Eagles in four sizes, 1-oz, ½-oz, ¼-oz, and 1/10-oz, the new Indian Head-Buffalo pure gold coins will be minted in only one size: 1-ounce. With the popular Indian Head and Buffalo designs, the Mint's new .9999 fine gold coins could quickly become favorites with gold coin investors.

Bill Haynes heads CMI Gold & Silver Inc, one of America's oldest precious metals dealers. See CMIGS’ website at http://www.cmi-gold-silver.com. This article may be reprinted provided this signature remains intact, including the direct link to CMI Gold & Silver Inc.

<< Previous    1  2  [3]    Next >>