American Buffalo Gold Coin Fake

In recent years it seems that technological advancements are helping counterfeiters to ramp up production of fake bullion.

American buffalo gold coin fake.

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. Pure 24k gold. It quickly became extremely popular among investors and collectors because of its historical design. The original 50 buffalo gold piece is america s purest gold coin ever.

The united states mint first introduced the gold american buffalo 1 oz 9999 fine gold coin in 2006. Images courtesy of coin. 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 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 two minute ad starts off with a neighborly male voice telling you. The american buffalo gold coin s is a throwback modification of james earle frasers indian head nickel design issued from 1913 to 1938. Avoid this gold coin scam. The item on the right is a counterfeit that fooled an elderly investor who spent 84 000 to unsuspectingly purchase fake gold bullion.

He is said to be a mixture of 3 chiefs from different. It was the first one ever struck using 9999 that s four nines. A genuine one ounce american eagle gold coin is on the left. American buffalo gold coin design.

Counterfeits of the gold bullion coin as well as grading service holders are known. The coin is based on the iconic design by james earle fraser for the 1913 buffalo nickel. This was the first time ever that the united states. 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.

Its design was based on the famous buffalo nickel of 1913 to 1938. Forged gold coins are on the rise. The forgeries were only discovered after one.