Buffalo Silver Rounds
1 oz Buffalo Silver Rounds
Many well-known private mints have struck this beautiful commemorative silver bullion coin throughout the past several decades. Buffalo Silver Rounds depict two icons of America's past. James Earle Fraser's design of the original 1913 Indian Head Nickel, considered by many to be among the best of any U.S. coin designs, inspired both of the images featured on this round.
The image on the obverse of the silver coin pays tribute to native American tribes. The featured image is a composition of three different tribal chiefs: Iron Tail (Lakota), Two Moons (Cheyenne), and John Big Tree (Seneca). The reverse pays tribute to the American buffalo, a once endangered species that has seen a resurgence in numbers in recent years. The image is rumored to be a sketch of a buffalo named Black Diamond that was in the Central Park Zoo at the time of James Earle Fraser's creation of the Indian Head Nickel.
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More silver coin and round delivery options:
1 Oz Silver Round | 1 Oz Canadian Silver Maple Leaf | 1 Oz American Silver Eagle | 1 Oz Great Britain Silver Britannia | 1 Oz Australian Silver Kangaroo
Specifications
Silver Content: 1 Troy oz
Purity: .999
Diameter: 39 mm
Thickness: 2.98 mm
Understanding Silver Rounds vs. Silver Coins
When diving into the world of precious metals, it's essential to distinguish between silver rounds and silver coins. At a glance, they might appear strikingly similar, boasting the same size, diameter, and even design elements like the revered Buffalo. However, the differences lie in their origins and purpose. Silver coins, minted by government institutions, carry a face value, making them legal tender. They often bear the mark of the US Mint. In contrast, silver rounds, like the ones offered by OWNx, are products of private mints. They might echo the designs of coins but lack a face value, meaning they aren't legal tender. This distinction is crucial for investors. While coins often carry a higher premium due to their collectible nature, silver rounds, especially the 1 oz silver buffalo round, appeal to those looking to maximize their precious metal holdings without the added cost.
Features of the 1 oz Silver Buffalo Round
Obverse:
The modern 1 oz Silver Buffalo Round pays homage to Fraser's classic design. The obverse showcases the detailed profile of the Native American chief, with the word "LIBERTY" inscribed to the side and a mint mark near the bottom. The reverse, true to Fraser's original, displays the left profile of the buffalo, accompanied by inscriptions like "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and the round's weight and purity, "1 OZ. .999 FINE SILVER."
Benefits of Investing in Silver Buffalo Rounds
In these unpredictable economic times, a strategy like dollar-cost averaging, where regular asset purchases are made over time, can be invaluable. OWNx, a reputable precious metals dealer, has automated this process, allowing investors to set their purchase goals and let the platform handle the rest. This approach, combined with the intrinsic value of the silver buffalo round, offers a robust investment avenue.
Why Silver Buffalo Rounds Stand Out
The 1 oz silver buffalo round isn't just history and cultural heritage. The intricate designs, inspired by James Earle Fraser's original coin, resonate with both collectors and investors. The buffalo, often associated with the vast American plains and the country's native tribes, and the Native American chief, symbolizing the indigenous people's resilience and spirit, make this round a piece of art.
Storage and Safety with OWNx
Investing in precious metals is not just about the initial purchase; it's also about ensuring the long-term safety and security of your assets. Fortunately, 1 oz Silver Round Buffalo coins are small and easy to store yourself if you’d prefer to take delivery. OWNx gives you the ability to take the value in your account’s weighted precious metals and convert coins like the Silver Buffalo coin in just a few clicks.
If you’d rather store your coins in the form of weighted gold, silver, platinum, or palladium you can still request delivery as 1 oz Silver Round Buffalos at any time.
The Versatility of the 1 oz Silver Round Buffalo
The 1 oz silver buffalo round is versatile, catering to both seasoned investors and those new to the world of precious metals. Its affordability, combined with its iconic design, makes it a favorite. Whether you're looking to diversify your portfolio, hedge against inflation, or simply own a piece of American history, the silver buffalo round is an excellent choice.
History of the Buffalo Silver Round
The tale of the Buffalo silver round dates back over a century. Entrusted with the task of redesigning the five-cent coin, acclaimed sculptor James Earle Fraser introduced a design in 1913 that would become iconic. This design, known as the Buffalo nickel, showcased a majestic buffalo, believed by many to be inspired by Black Diamond from New York's Central Park Zoo, though some argue it might have been Bronx from the Bronx Zoo. The obverse side of the coin featured a composite image of three Native American chiefs: Iron Tail, Two Moons, and Big Tree. This coin, while initially met with mixed reviews, has since become a beloved symbol of American heritage.
The Future of Silver and Buffalo Silver Rounds
With global markets experiencing volatility, the allure of silver and, by extension, the 1 oz silver buffalo round, remains strong. Silver, unlike fiat currencies, has intrinsic value, making it a stable investment. As more people recognize the benefits of owning precious metals, the demand for silver rounds, especially those with historical significance like the buffalo round, is set to rise.
FAQs
What is an American Buffalo Silver Round Coin?
The American Buffalo Silver Round Coin is a privately minted silver bullion piece inspired by the original Buffalo nickel design by James Earle Fraser. It features imagery reminiscent of Native American heritage and the iconic buffalo, though it is not an official U.S. Mint product.
How does an American Buffalo Silver Round differ from official U.S. Mint coins?
American Buffalo Silver Rounds are not legal tender and are produced by private mints, unlike U.S. Mint coins which carry a face value and are government-backed. These rounds are valued purely based on their silver content and market demand.
How Much is a 1 oz Silver Buffalo Worth?
The value of a 1 oz Silver Buffalo is based on the current spot price of silver, which fluctuates. It’s best to check with reputable dealers like OWNx for the most accurate and current pricing.
What is the Face Value of a Buffalo Silver Coin?
Silver Buffalo rounds do not have a face value since they are not legal tender. The original Buffalo nickel, however, had a face value of five cents.
What is the typical silver content in an American Buffalo Silver Round?
Most Silver Buffalo rounds contain one troy ounce of .999 fine silver, equivalent to approximately 31.103 grams, making them a favored option for both investors and collectors.
Why do people buy American Buffalo Silver Rounds?
Buyers are drawn to Silver Buffalo rounds for their investment value, low premiums compared to sovereign coins, historical design appeal, and use as a hedge against inflation.
Is the Silver Buffalo Round popular among investors?
Yes, it remains one of the most popular silver bullion rounds due to its recognizable design, silver purity, and affordability.
Where can I buy authentic Silver Buffalo Rounds?
You can purchase genuine Silver Buffalo rounds from reputable dealers like OWNx, who ensure authenticity and quality.
Are there different designs available for the American Buffalo Silver Round Coin?
Yes. While most feature the classic buffalo nickel design, private mints often add unique inscriptions or slight stylistic variations on the reverse.
How does the design of the Silver Buffalo Round differ from the original Indian Head Nickel?
Both designs feature a Native American profile on the obverse and a buffalo on the reverse. However, modern rounds often include purity and weight inscriptions not found on the original coin.
Are the reverse features of the Silver Buffalo Round consistent across all mints?
While the basic design remains consistent, the reverse features might have minor variations depending on the private mint producing the round. It's always a good idea to check the specifics when purchasing.
What's the connection between the Buffalo design and the New York Central Park Zoo?
The buffalo featured on the original Buffalo nickel is believed to have been modeled after "Black Diamond," a bison that lived at the New York Central Park Zoo. This legacy continues in the Silver Buffalo round’s design.