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The American Buffalo silver dollar is a commemorative silver dollar issued by the United States Mint in 2001. [1] The coin commemorates both the National Museum of the American Indian and the Buffalo nickel, the latter serving as the basis for the dollar's design. The coin was authorized by Pub. L. 106–375 (text).
The design of the American Buffalo gold bullion coin is a modified version of James Earle Fraser's design for the Indian Head nickel (Type 1), issued in early 1913. After a raised mound of dirt below the animal on the reverse was reduced, the Type 2 variation continued to be minted for the rest of 1913 and every year until 1938, except for 1922, 1932, and 1933 when no nickels were struck.
Face value Coin Obverse design Reverse design Composition Mintage Available Obverse Reverse $1: Library of Congress dollar: Depicts an open book superimposed over the torch of learning Architectural rendering of the dome on the Library of Congress' Jefferson building: Ag 90%, Cu 10% Authorized: 500,000 (max) Uncirculated: 52,771 P. Proof: 196,900 P
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
In 1982, the US Mint resumed its commemorative coin program with the George Washington 250th Anniversary half dollar. Unlike the original commemoratives, only a few coins are released each year and are more popular with collectors. [10] The Library of Congress eagle of 2000 was the first bi-metallic coin issued by the US Mint. [11]
The coins contain five troy ounces of silver, making them the largest silver bullion coins ever issued by the United States Mint. The design of the coins duplicates exactly—though enlarged—each of the America the Beautiful quarters. They were issued from 2010 to 2021.
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