An employee of the Bronx Zoo claimed that Fraser might have used Bronx, a buffalo kept in the Bronx Zoo. The buffalo on the reverse is widely believed to be none other than Black Diamond, the buffalo in the Central Park Menagerie. It’s also known as the Indian Head nickel for one of the most iconic depictions of Native Americans in US coinage. The coin became known as the Buffalo nickel after the portrait of a buffalo on the reverse. The new nickel was finally introduced in 1913 as a replacement for the Charles E. The mint selected the acclaimed sculptor James Earle Fraser to design the five cent coin. Back in 1911 and out of a dissatisfaction with their design, President Theodore Roosevelt prompted the US Mint to replace the coins of the time.
The story of the Buffalo silver rounds begins more than 100 years ago. Coins can be more popular with collectors while rounds appeal more to investors looking to get as much precious metal for their flat currency as possible. In general, coins tend to have a higher premium than rounds. This means a round isn’t a legal tender or denominated in a government currency. It can have a similar obverse and reverse design as a coin, but it won't have a face value. On the other hand, a round is coined at a private mint. They often feature the mark of the production US Mint. Government-minted coins generally have a face value, meaning they are legal tender. On the one hand, coins are generally coined by a government mint. However, that’s where the similarities end. Add to that the same weight and percentage of precious metal and you can see the source of confusion. They may have the same size, diameter, and thickness. Nowadays, numerous private mints produce silver rounds and bars bearing a version of the original Buffalo design.īetter yet, 1 Oz Buffalo silver rounds are affordable and abundantly available.Ī coin and a round of the same design may look very similar to each other. One of the most beautiful coins in US history, the Buffalo nickel remains very popular among numismatists. Buy 1 Oz Buffalo Silver Rounds from Money Metals Exchange
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