Public Law 109-145, approved on December 22, 2005 and best known for creating the Presidential dollars, did more than that. Its second title ordered a $50 gold coin weighing one ounce and made of 99.99% pure gold, from newly mined American gold, in bullion and proof versions. For the first year the law required James Earle Fraser's designs for the 1913 Buffalo nickel, with the weight and the denomination on the mound under the bison; after that the Treasury could change the design. The result was the first .9999 gold coin the United States Mint struck for the public.
Bullion and proof coins went on sale on June 22, 2006. The Mint sells bullion coins only in bulk, to authorized purchasers who resell them, and sells proofs and other collector versions to the public itself. In 2008 it added fractional sizes and a burnished finish for that year only, and in 2013, a century after the first Buffalo nickels, it issued a reverse proof. The original nickels are covered in our Buffalo nickel guide.




























