If you’ve never seen one of the finest 24 karat American Buffalo gold coins then I highly encourage you to. These 1 oz gold coins are really very young and new on the scene. The 24 karat gold coin market does not contain very many kinds of 24 karat coins, so I wanted to delve a little deeper into the reason why the US government decided to produce this fabulous gold coin.
Kept in a case, these soft gold coins are best kept sealed to protect it from damage as the softness of the metal can damage the coin very easily. Traditionally, gold coins were actually used as legal tender, and even though these are legal tender coins, they are not commonly used as such today.
The gold coins used in trade in the early 1900s and before were usually alloyed with a percentage of silver or copper. This was done to strengthen the coin and allow it to have a more durable surface since handling of a pure gold coin will wear the face very quickly.
