The American Gold Buffalo 1 oz is a pure gold bullion coin authorized by the US Mint and it was first pure gold (.9999 fine) bullion coin. Struck at the Mint’s West Point, NY facility, these American gold buffalo coins are made exclusively of gold mined in the USA. The coin follows the greatly admired design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. This production of a one-ounce 24-karat gold bullion coin with a face value of $50 and a mintage limit of up to 300,000 coins.