Silver Buffalo Intrinsic Tender
I was recently commissioned by the friendly folk at Gold Stackers to create a design for a silver round based on the “buffalo nickel” (aka “indian head nickel”) designed by James Earle Fraser in 1913.
Gold Stackers has initiated the production of silver rounds featuring the currency denomination XAG which is the currency code for silver. One ounce of silver is equal to one XAG, which is valued at the current monetary value of silver per ounce (I hope that made sense).
Below is a description from the Gold Stackers website:
“Gold Stackers is proud to announce the release of the Silver Buffalo XAG silver round for 2013.
These are one troy ounce silver rounds made from .999 silver.Designed by Elise Martinson, an acclaimed Melbourne designer with several Perth Mint legal tender bullion issues to her credit, the Silver Buffalo features original artwork inspired by the 1913 Buffalo nickel designed by James Earle Fraser.
Non-encapsulated in tubes, these US-made rounds are sourced from one of the largest private minting facilities in the US. These rounds are struck with a premium mirror finish at bullion pricing.The reverse features the currency denomination 1.00 XAG, with XAG being the currency code for silver under the ISO 4217 international standard. XAG is not the official currency of any nation, however the precious metals gold (XAU), silver (XAG), platinum (XPT) and palladium (XPD) all feature on this internationally accepted list of currencies.
In conjunction with the XAG currency code, the legend Instrinsic Tender has been selected for the reverse. This enforces the concept of the fungibility of silver facilitating its use as an acceptable tender for barter situations. These rounds are not coins, and are not legal tender.”
Be sure to check out the rounds on the Gold Stackers website! www.goldstackers.com