The American Buffalo is a pure 24 carat gold coin, that contains exactly 31.1035 grams of pure gold. The U.S Mint produces this coin since 2006. It is America’s first ever one ounce 24-carat gold coin.
The design of the coin display a native American Indian. It comes from the chieftains Iron Tail (Sioux), Big Tree (Kiowa) and Two Moons (Cheyenne).
One ounce gold coins are popular in the gold bullion market. They are a great way to divide your precious metal portfolio in smaller unit. Although a kilo gold bar is cheaper in terms of price per gram, it is not necessarily the best option. Buying 1 ounce gold bullion coins make your investment more liquid. You will be able in the future to sell part of your gold by trading few gold coins of 1 ounce. Therefore, it is worth paying a slightly higher premium above spot rather than holding a large gold bar difficult to convert into cash.