Assembly Approves .9999 Fine Gold Coins

New .9999 fine (24 karat) 1-oz above-board tender $50 gold coins will be added to the U.S. Mint's line of gold bullion coins in 2006 what time President shrub symbols into law a bill to facilitate assembly accepted in December.  The legislation calls in favor of the Mint to experience the coins make plans for to distribute by June 2006, but the coins may perhaps be make plans for prior to at that time.

The legislation authorizing the new-found .9999 fine gold coins was quite certain, mandating the design and even the method of packaging.  For the firstly day of issuance, the coins "shall bear the unusual designs by James Earle Fraser, 'which appear on the 5-cent coin commonly referred to as the 'Buffalo nickel' or the '1913 Type 1'."  This wording, devoid of specifically motto it, calls in favor of the obverse (front) of the coins to hold the famed Indian controller design by Fraser.  The reverse will hold the equally-famed bully design.

Each Indian Head-Buffalo coin is to be encased in a caring capsule, maybe such as the capsules used by Australia's Perth Mint to look after its .9999 fine gold bullion coins, with the prevalent inadequate edition Lunar Series Gold Bullion Coins.  The caring gear "shall be readily distinguishable" from the packaging in favor of substantiation coins, which are as well authorized by the bill.

For years, substantiation coins experience been individually encapsulated in caring gear.  Individually encapsulating bullion coins will be new-found to the U.S. Mint.  The Mint's 22-karat (.9167 fine) American Gold Eagles, which are the world's best-selling gold bullion coins, are packaged twenty to a tube and are not individually encapsulated.

Production of the Indian Head-Buffalo coins will be boundless, and they will be marketed with regard to gold investors who have a preference .9999 fine (24-karat) gold coins.  The U.S. Mint already has the world's best-selling gold bullion coins with its 22-karat (.9176 fine) Gold Eagles.  Still, at hand is a gigantic advertise in favor of uncorrupted gold coins, and the new-found Indian Head-Buffalo coins will hand the U.S. Mint a merchandise in favor of to facilitate advertise.  The Asian and Indian markets evidently have a preference uncorrupted gold coins, while alloyed gold coins are more prevalent in the Western World.

Presently, the Royal Canadian Mint's .9999 fine Gold Maple Leafs are the world's unsurpassed advertising uncorrupted gold coins.  However, the Gold Maple Leafs experience fallen into bad turn with investors since of the comfort with which they are damaged.  To counter this, the Royal Canadian Mint recently introduced new-found packaging in favor of the 1-oz Gold Maple Leafs.

The new-found packaging in favor of the 1-oz Gold Maple Leafs will plant the coins individually in capsules to facilitate are on the edge in believe license sizes cards, twenty-five coins to a box.  It is too ahead of time to gauge advertise acceptance of the new-found packaging in favor of the Gold Maple Leafs.

Considering the popularity of the of Indian Head-Buffalo design, the U.S. Mint's new-found .9999 fine gold coins can provide stiff competition in favor of the Gold Maple Leafs.  Fraser's designs proved to be a winner in 2001 what time the U.S. Mint produced a inadequate run to of Indian Head-Buffalo $1 silver coins sets.  The sets sold vetoed the minute and nowadays hold prices several epoch their preliminary offering prices. 

The new-found Indian Head-Buffalo .9999 fine gold coins, however, will not be inadequate edition, next to slightest not the firstly day.  The bill permits the Mint to "change the utmost run to of coins issued" in consequent years.  Further, the bill authorizes the Mint to vary the designs on either the obverse or the reverse bearing in mind the firstly year's production.

Although the U.S. Mint produces its prevalent American Gold Eagles in four sizes, 1-oz, ½-oz, ¼-oz, and 1/10-oz, the new-found Indian Head-Buffalo uncorrupted gold coins will be minted in merely solitary size: 1-ounce.  With the prevalent Indian controller and Buffalo designs, the Mint's new-found .9999 fine gold coins can quickly develop into favorites with gold coin investors.