American Buffalo Coins Offer Stable Investment
After a turbulent year under a new Democratic president, the American Buffalo coins are offering a stabilizing presence as investors look for safe commodities. Introduced in 2005 during the administration of President George W. Bush, the law known as the Presidential $1 Coin Act has been a valuable addition for many people.
The American Buffalo coin is a beautiful example of monetary art, originally prepared by noted American sculptor James Earle Fraser. Once a student of Augustus Saint-Gaudens, the designer of the American Eagle coin, Fraser designed the famous Indian Head nickel, which was introduced in 1913. The current American Buffalo coin is the first 99.99% fine 24-karat gold coin ever struck by the United States Mint and offered through authorized purchasers.
The release of these coins has been a prophetic success. The trillions of social spending by the current administration has done very little to reverse the nation’s economic problems and has left many investors hesitant to deposit funds in banks or the stock market. The American Buffalo coin has given investors a strong alternative location for placing funds, allowing them to capitalize on the surging gold market.
Each year investors have responded well to the release of these coins and 2009 has been no different. Released in October, the coins sold nearly 200,000 in the first two months, as investors expressed their lack of confidence in White House policy by purchasing gold. With great foresight, President Bush’s introduction of the American Buffalo coin offers a stable investment during difficult economic times.
Tom Underwood
Senior Staff Writer - Gold-Coin.com
