Made of pure 24-carat gold, the American gold buffalo is a gold coin that contains exactly 31.1035 grams of pure gold. The U.S Mint has produced this coin since 2006. It is America’s first ever one ounce 24-carat gold coin.
The 2023 1oz Gold Buffalo features the profile of a Native American man designed by American sculptor James Earle Fraser. The reverse features the American Bison, which is commonly referred to as the American Buffalo in both the US and Canada.
Why buy 1 ounce gold coins?
One ounce gold coins are a great way to invest in gold at low premium. Although a large gold bar like a kilo bar is the most cost-effective way to buy gold (cheapest price per gram), it is not necessarily the best option.
Buying 1 oz gold bullion coins enable you to divide your gold holdings into smaller fractions. It makes your investment more liquid and more easily convertible. If you need any cash in the future, you can sell few 1oz gold coins and keep the remaining ones in your portfolio.
It is therefore worth paying a slightly higher premium rather than holding a large gold bar difficult to convert into cash.