Gold coins aren’t always the ones that sell for the most at sales. But any gold dollar, no matter what it looks like or how much it’s worth on the market, is good for someone who loves coins.
This is because a coin’s face value can go up if it has a lot of historical worth, a minting error, or not many people have it. At a sale about 14 years ago, a 2006 American Buffalo MS $50 gold buffalo fetched an amazing amount of money.
Where was the Gold Buffalo coin sold?
A lot of fans like to bid on eBay, and this is one of the many valuable coins that have been sold there. This $50 Gold Buffalo from 2006 was sold in 2010, so its value may have gone up since then.
Of course, not every Gold Buffalo is worth $10,475. Look at another one that looks like this one and sold for a great price, but not as much as this Gold Buffalo.
Here’s an example of a 2006 $50 American Buffalo that is 99.99 fine gold. 99.99% of the metal that it was made of was gold. It weighs 31.11 grammes.
How much was the 2006 $50 American Buffalo 99.99% Fine Gold coin worth?
It sold for $2,990 at auction, and Heritage Auctions, not eBay, were in charge of the sale. Plus, it was bought and sold in 2010, so if it were up for sale now, it might fetch even more. It was made at the Mint in Philadelphia.
It was made by James Earle Fraser and there are 337,012 of them. It was the first time the U.S. Mint made 24-karat pure gold coins, which is one thing that makes this 2006 $50 American Buffalo 99.99% Fine Gold stand out.
Also, the 50-dollar coin makes Americans think of the past. The design on this coin is of an Indian chief and the Buffalo, which is one of the most famous animals in the US. Plus, these coins didn’t have an eagle on them for the first time in billions of years.