2022-W $50 Proof American Buffalo Gold Coin Released

Today at noon ET, the United States Mint will start selling their 2022-W $50 Proof American Buffalo Gold Coin. Each is produced at the West Point Mint for coin collectors and contains an ounce of .9999 fine 24-karat gold.

United States Mint product images for the 2022-W $50 Proof American Buffalo Gold Coin. The coin ships in a black presentation case and it is accompanied by a U.S. Mint Certificate of Authenticity.

This collectible is a companion to investor-targeted bullion versions also minted each year. Both series debuted in 2006 as the U.S. Mint’s first ever 24-karat gold coins.

Pricing for the proof coin is $2,790.00. That is subject to change weekly, however, based on the Mint’s pricing matrix that ties coin prices to fluctuations in the gold market. The coin’s current price is based on an average of LBMA gold prices that resides within $1,850.00 to $1,899.99 an ounce.

Coin Designs and Specifications

American Buffalo Gold Coins bear a design based on the 1913 Buffalo nickel, Type 1, as created by sculptor James Earle Fraser.

Obverses (heads side) offer a likeness of an American Indian. The right-facing profile is said to have been created using a combination of real men Fraser encountered.

Obverse of 2022-W $50 Proof American Buffalo Gold Coin
This image shows the gold coin’s obverse or heads side

Inscriptions around the portrait include “LIBERTY” and “2022.” The artist’s initial of “F” is also shown.

Reverses (tails side), we find the source of the coin’s naming. An American Buffalo, also known as a bison, is shown standing on a mound of dirt.

Reverse of 2022-W $50 Proof American Buffalo Gold Coin
This image shows the coin’s reverse or tails side

Reverse inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “IN GOD WE TRUST,” “$50,” “1 OZ.,” and “.9999 FINE GOLD.”

U.S. Mint provided specifications for the coin are as follows:

Coin Specifications

Denomination: $50
Finish: Proof
Composition: 99.99% Gold
Diameter: 1.287 inches
(32.70 mm)
Weight: 1.0000 troy ounce
(31.103 grams)
Edge: Reeded
Mint and Mint Mark: West Point – W
Privy Mark: None

 

2022-W $50 Proof American Buffalo Gold Coin Sales (2006 to 2021)

Despite their higher price, thousands of these gold coins are sold annually, as illustrated in the table below.

Year Opening Price Final Sales
2021 (released on May 14) $2,740.00 16,854
2020 (released on April 9) $2,315.00 11,887
2019 (released on April 12) $1,660.00 14,844
2018 (released on May 10) $1,710.00 15,756
2017 (released on May 11) $1,590.00 15,810
2016 (released on March 31) $1,590.00 21,878
2015 (released on April 9) $1,590.00 16,591
2014 (released on May 8) $1,640.00 20,557
2013 (released on May 23) $1,790.00 18,594
2012 (released March 15) $1,960.00 19,715
2011 (released May 19) $1,760.00 28,683
2010 (released June 3) $1,510.00 49,263
2009 (released October 29) $1,360.00 49,306
2008 (released July 22) $1,199.95 18,863
2007 (released May 23) $825.95 58,998
2006 (released June 22) $800.00 246,267

 

Other variations of the coin have also been issued in past years by the U.S. Mint including fractional sizes and a special reverse proof edition.

Ordering and Mintage

2022-W $50 Proof American Buffalo Gold Coin may be ordered directly from the U.S. Mint via its webpage dedicated to gold coins.

Mintage for the coin is capped at 16,000.



Source

Deb Morgan has been a coin collector since she was young. She loves researching and reporting news about the numismatic community, and also about bullion coins, including silver, gold, platinum and palladium.

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