GSM Buffalo 2 oz Silver Round (New)

Fraser’s Buffalo, Two Ounces of It

This round holds two troy ounces of .999 fine silver and carries James Earle Fraser’s Buffalo nickel design, struck by Golden State Mint. The wider 47 mm blank gives the portrait and the bison more depth than a one ounce round allows. It is a private round, not a coin.

The Native American and the Bison

The obverse is Fraser’s right-facing Native American profile, braided hair and feathers in high relief, with LIBERTY at the rim, first cut for the 1913 nickel. The reverse is the American bison standing on a raised mound, fur and ground textured under it, ringed by the Golden State Mint name and the weight and purity. Both faces are struck proof-like, with polished fields behind frosted devices.

A Private Round, Priced Like One

Say it plainly: this is a privately struck round, not legal tender. It has no face value and no mintage limit, and Golden State Mint strikes more when demand asks for it. The design is a tribute to Fraser’s coin, not an official issue. What you pay is a low premium over the silver price, close to a plain bar, for two ounces with a recognized design on them.

Why the 2 oz Size, and Why Not

Two ounces on one round means fewer pieces to store, count and insure than two singles, at a lower premium per ounce. The downside is that you sell it whole, not an ounce at a time, and one ounce rounds and government coins are the more common resale unit, so a two ounce private round can be slower to move. At 47 mm it also needs a larger tube and capsule than the 39 mm one ounce size.

Specifications

The round is two troy ounces of .999 fine silver, 47 mm across and 4.2 mm thick, with a reeded edge and a proof-like finish, and it ships new. Tubes hold 25. See the Specifications tab for current packaging.

GSM Buffalo Round FAQ

Is this a coin?

No. It is a round struck by Golden State Mint, a private mint, so it carries no denomination and is not legal tender. It borrows Fraser’s Buffalo nickel design; the value is in the two ounces of .999 silver and the recognized artwork.

Why does it cost more than a plain 2 oz bar?

Not much more. A design round like this carries a small premium over a blank bar for the artwork and the strike, but Golden State Mint rounds sit near the low end of the market. You are still buying silver by weight, not paying a collector price.

Why buy one 2 oz round instead of two 1 oz?

For fewer pieces and a lower premium per ounce. One round takes one slot instead of two. The tradeoff is that you cannot split it, and one ounce pieces are quicker to sell, so choose the two ounce for consolidation rather than resale speed.

What is the design about?

It is James Earle Fraser’s 1913 Buffalo nickel, one of the most admired designs in US coinage. The obverse is a composite Native American portrait, the reverse an American bison. Golden State Mint renders it at two ounce scale on a silver round.

Is it real .999 silver, and is it IRA eligible?

Yes on the silver: two full troy ounces of .999 fine, stamped into the round. Hero Bullion lists it as IRA eligible, though custodians are sometimes stricter about private rounds than sovereign coins, so confirm yours before an account purchase.

More of a Buffalo-nickel fan than a bar stacker? Our 2 oz silver rounds run through the private-mint designs at this weight.

Two ounces of an American classic. Add the GSM Buffalo 2 oz Silver Round to your cart.