Many modern-day collectors have taken a liking to bullion coins. Collectors from all over the world have begun to buy up every bullion coin they can find. America is the same ? currently the silver buffalo nickel is one of the most sought-after coins in the States. When the coin was originally released it could be found everywhere ? it seemed that every pawn shop and coin dealer in the world had tons of silver buffalo coins in stock. Today, the situation has changed drastically. Now, it is a challenge to find even one buffalo coin, and the number of coins available is reduced daily.
Today the value of the silver buffalo coin is back at a nice round figure of $1. This came about because the United States Mint decided that, in order to honor the inauguration of the Smithsonian National Museum of the American Indian, they should re-release the silver buffalo coin. This new buffalo coin resembles the old 5-cent buffalo nickel, with a Native American on the front and a buffalo on the back. Both sides display a truly stunning design and production value, and put together, it is one great coin!
Many people, collectors or not, have gone crazy for these new coins. The coin is made of 90% pure silver, but it will not be circulated to the general public, making it a collector's item at best. Many collectors have begun snapping up all the new silver buffalo coins they can find. Today, nobody really knows how much they will be worth in the future, so the collectors investing large sums of money are truly taking a risk. However, the coin is still fairly cheap currently, and since it will not be publically circulated there is very little chance that it will actually go down in value, but then again, anything is possible.
Native American collectors have also expressed keen interest in the American Buffalo Bullion coin. Many say that it is a great way to express their Native pride, while others say that they just like the coin! The coin is supposed to depict the relationship between Native Americans and buffalo. It shows that the buffalo was a great blessing to the Native Americans, and without it they could not have survived. In order to honor today's Native Americans, a portion of the proceeds from the American Buffalo coin's sales is set to be donated to the Native American museum.