The 2023 Gold Buffalo Coin was the first coin struck by the US Mint that is composed of 1 troy ounce of 999.9 gold. What the 999.9 (sometimes simply shown as 9999 or .9999) stands for is the millesimal fineness scale where the gold buffalo coin is guaranteed to be a minimum of 999.9/1000 pure gold. Expressed another way, the gold coin is a minimum of 99.99% gold. The American Gold Buffalo started to be produced by the US Mint in 2008 in order to provide the market with a pure gold coin that would compete with other popular gold coins such as the Canadian Gold Maple Leaf or the Austrian Gold Philharmonic. Some investors prefer both the look and feel of pure gold coins versus the Krugerrand or American Gold Eagle, which are alloyed with other metals making them 22kt (9167 fineness). The American Gold Buffalo has one of the most interesting, identifiable, and iconic designs of any gold coin.
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