American Buffalo Gold Coin Fake

It pays to know the design features of the genuine coin.

American buffalo gold coin fake.

The united states mint first introduced the gold american buffalo 1 oz 9999 fine gold coin in 2006. The 2011 w american buffalo 1 ounce 9999 gold bullion coin appears to be a favorite target of counterfeiters. Counterfeits of the gold bullion coin as well as grading service holders are known. The original 50 buffalo gold piece is america s purest gold coin ever.

He is said to be a mixture of 3 chiefs from different. The forgeries were only discovered after one. This modern 24k us gold coin has its obverse or front of the gold coin stamped with the profile of a native american. This was the first time ever that the united states.

American buffalo gold coin design. A genuine one ounce american eagle gold coin is on the left. It was the first one ever struck using 9999 that s four nines. In 2012 a major scandal hit new york city s diamond district when fake 10 ounce gold bars were sold to a number of dealers in the area.

It quickly became extremely popular among investors and collectors because of its historical design. The 1 ounce gold proof 2011 w american buffalo 50 gold coin illustrated is counterfeit as is the ngc holder and the label on which the grading information is imprinted. The two minute ad starts off with a neighborly male voice telling you. In recent years it seems that technological advancements are helping counterfeiters to ramp up production of fake bullion.

The coin is based on the iconic design by james earle fraser for the 1913 buffalo nickel. The american buffalo gold coin s is a throwback modification of james earle frasers indian head nickel design issued from 1913 to 1938. The item on the right is a counterfeit that fooled an elderly investor who spent 84 000 to unsuspectingly purchase fake gold bullion. The coin follows the design of the indian head nickel and has gained its nickname from the american bison on the reverse side of the design.

The american buffalo also known as a gold buffalo is a 24 karat bullion coin first offered for sale by the united states mint on june 22 2006 and available for shipment beginning on july 13. Avoid this gold coin scam. Forged gold coins are on the rise.