A buckskin horse has a tan to gold body coat with a black mane, tail, and lower legs, the black extremities are called points. The color results from a single copy of the cream dilute gene (Ccr) acting on a bay base coat. Bay provides the black points; the cream gene dilutes the red body pigment to yellow or tan without affecting the black.
Buckskin is a color, not a breed. It appears across Quarter Horses, Mustangs, Thoroughbreds, and many other breeds. The Buckskin Horse Association (BHA) and the American Buckskin Registry Association (ABRA) register horses on color alone, not breed.
Body shade ranges from pale yellow (sometimes called buttermilk buckskin) to deep gold, depending on additional genetic modifiers. A buckskin showing a dorsal stripe or leg barring is registered as a dun-factor buckskin by the ABRA, these primitive markings can appear on cream-dilute horses without the dun gene being present.
Buckskin is distinguished from dun by genetics: dun (d1 or d2 allele) always produces primitive markings (dorsal stripe, often leg barring and shoulder stripe); a buckskin without those markings carries the cream dilute on bay, not the dun dilute. A horse can carry both dilutes simultaneously, producing a horse that is both buckskin and dun.
How does buckskin differ from palomino?
Both colors carry one copy of the cream dilute gene (Ccr), but they act on different base coats. Buckskin = cream on bay: the body dilutes to tan or gold and the black points remain. Palomino = cream on chestnut: the body dilutes to gold but there are no black points, the mane and tail are white to flaxen and the legs match the body. The black points are the fastest visual check between the two.
For the full spectrum of equine color genetics, including the interaction of cream, dun, and other dilutes, see horse coat colors explained.
Further Reading
Further reading on buckskin genetics and related dilute colors: