trolleys, FDOI, 1st Strike, Early Releases...all artifical nonsense.
Before I joined this forum, I believed all that artificial nonsense. It is however just a ruse to charge more money. There is no official way to say if a coin was a first strike in a pile of thousands. How about first coin off the press? First Strike in the first hour? First coin to be labeled First Coin?
I wish the grading companies would go back to just assigning a grade.
@nurmaler said:
Should we pivot and start talking about the "American Eagle 2019 One Ounce Palladium Reverse Proof Coin"?
Yes! Limited to 15,000 again? My only question is, which will be first, the RP or the EU ? And will there be a burnished one too? It would be nice to actually have a set of fractional Palladiums!
@nurmaler said:
Should we pivot and start talking about the "American Eagle 2019 One Ounce Palladium Reverse Proof Coin"?
Yes! Limited to 15,000 again? My only question is, which will be first, the RP or the EU ? And will there be a burnished one too? It would be nice to actually have a set of fractional Palladiums!
@nurmaler said:
Should we pivot and start talking about the "American Eagle 2019 One Ounce Palladium Reverse Proof Coin"?
Yes! Limited to 15,000 again? My only question is, which will be first, the RP or the EU ? And will there be a burnished one too? It would be nice to actually have a set of fractional Palladiums!
Yes, 15k & RP
If they do that, I'll make the prediction right now that the slab 70s are going to be scarce and VERY VERY expensive
Yes, Numraler, I almost pivoted and pre-bought a few of them on eBay.
Maybe they will be offered on the BST by some of those low count cash only sellers.
Still makes me wonder how they book their sales and returns.
Also makes me wonder why anyone would still (?) be returning coins. I mean, you can't get $2k for them anymore, but I gotta believe you could sell one pretty quickly OGP at $1500 to $1600, even to dealers.
@wondercoin said:
“I gotta believe you could sell one pretty quickly OGP at $1500 to $1600, even to dealers.”
Keeping it sealed would get you even more (from me at least).
Wondercoin
True, but I presume that the returns are people who didn't like something about the coin, so they must have opened it. Of course, could also be coins that just bounced back due to delivery failure.
@ScarsdaleCoin said:
Interesting at a show today I saw one dealer offer $1600 and the seller did not sell it. Few weeks ago several dealers were overing over $2000. I would say that the window is closing.
dealer friend now paying $1500 ...dwn from $2000 ....if you have not sold ....hold.. prices will rebound once sellers who need to sell are cleared
I agree,bestday. I think there will soon come the 'dead cat bounce' before settling about where prices are presently 10/24. I see the MS version has been creeping up in auction venues of late. Most collectors wish to obtain one or both of the palladiums, but are waiting on the fence to see what happens. I am happy I waited a bit for the proof.
2018 PA proof coin on ebay ,,,,$2000 - 2100 ... friend now paying $1375..... the guy who had 4 2018 proofs ,..... wanted $2400 per coin ...couple weeks ago ...came back and sold at $1425 .. once these are moved from weak hands price will move up
@bestday said:
2018 PA proof coin on ebay ,,,,$2000 - 2100 ... friend now paying $1375..... the guy who had 4 2018 proofs ,..... wanted $2400 per coin ...couple weeks ago ...came back and sold at $1425 .. once these are moved from weak hands price will move up
That assumes there"s enough strong hands to buy them from the weak hands. That is not at all clear.
@wondercoin
We'll know on Tuesday when they post the sales through Sunday. The way it's been going I anticipate a number close to last weeks. It's been crazy bouncing around the same number despite people reporting buying at the early availability. Not so much this last week as the opportunities have been fewer.
it seems to me that any coin where the people who want to buy it are generally doing so to immediately resell for a profit, will not hold up in the long term.
The Mint must have sold out everything they had left at the tiny South Carolina show this past weekend. No limit, buy as many as you want. Wish I had been there. I was in Tokyo at the time! Lol.
Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@Gazes said:
it seems to me that any coin where the people who want to buy it are generally doing so to immediately resell for a profit, will not hold up in the long term.
Thx for your insight.
Dont knoe> @wondercoin said:
The Mint must have sold out everything they had left at the tiny South Carolina show this past weekend. No limit, buy as many as you want. Wish I had been there. I was in Tokyo at the time! Lol.
Wondercoin.
Were the Palladian coins part of this no limit offering? Latest figures shown as 14997, so they may have just 3 to sell.
Doesn't seem likely as they need to update their numbers for the Tuesday's sales accumulation figures. Must be a record time for government turn around time!
Sweetpie... I believe they sold all the palladium coins at that show with no limit when the sales figures were around 14,850 or so. I believe by the third day of that show, they still had around (20) pieces remaining to sell. They sold the final pieces on that 3rd day of the show so there were none available on the final day (Sunday). I was not there, but my sources are usually spot on.
I wish I had been there to buy them all ! Really nice of the Mint to bring them to South Carolina for that regional show!
Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@wondercoin said:
Sweetpie... I believe they sold all the palladium coins at that show with no limit when the sales figures were around 14,850 or so. I believe by the third day of that show, they still had around (20) pieces remaining to sell. They sold the final pieces on that 3rd day of the show so there were none available on the final day (Sunday). I was not there, but my sources are usually spot on.
I wish I had been there to buy them all ! Really nice of the Mint to bring them to South Carolina for that regional show!
Wondercoin.
South Carolina ? Hmmmmmm......... 🤔 Isn't that where the recent BIG Mega Millions Ticket just hit?
There will be two. The reverse proof and a bullion version.
What? Two versions next year?? I thought there was just going to be one RP. Now a bullion version as well??
The Mint announced they were going to strike Palladium bullion next year. It should be the same as the 2017 bullion. I wouldn't be surprised if they don't strike bullion every other year to circumvent that "finish" clause in the law. (I haven't looked at it close enough to see if congress made an exception to that for the bullion version, but if they didn't, that's the problem.)
They aren't on the Mint product schedule since these are handled through the blessed resellers. If the Mint doesn't strike a crapload of the bullion version, the premiums from the resellers might be pretty high. I wonder if they'll be as high as the Mint Store surcharge...
To authorize the production of palladium bullion coins to provide affordable opportu- nities for investments in precious metals, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘American Eagle Palladium Bullion Coin Act of 2010’’.
SEC. 2. PALLADIUM COIN.
Section 5112 of title 31, United States Code, is amended— (1) in subsection (a), by adding at the end the following new paragraph;
‘‘(12) A $25 coin of an appropriate size and thickness,
as determined by the Secretary, that weighs 1 troy ounce and contains .9995 fine palladium.’’; and
(2) by adding at the end the following new subsection:
‘‘(v) PALLADIUM BULLION INVESTMENT COINS.—
‘‘(1) IN GENERAL.—Subject to the submission to the Secretary and the Congress of a marketing study described in paragraph (8), beginning not more than 1 year after the submission of the study to the Secretary and the Congress, the Sec- retary shall mint and issue the palladium coins described in paragraph (12) of subsection (a) in such quantities as the Sec- retary may determine to be appropriate to meet demand.
‘‘(2) SOURCE OF BULLION.—
‘‘(A) IN GENERAL.—The Secretary shall acquire bullion
for the palladium coins issued under this subsection by purchase of palladium mined from natural deposits in the United States, or in a territory or possession of the United States, within 1 year after the month in which the ore from which it is derived was mined. If no such palladium is available or if it is not economically feasible to obtain such palladium, the Secretary may obtain palladium for the palladium coins described in paragraph (12) of sub- section (a) from other available sources.
‘‘(B) PRICE OF BULLION.—The Secretary shall pay not more than the average world price for the palladium under subparagraph (A).
‘‘(3) SALE OF COINS.—Each coin issued under this subsection
shall be sold for an amount the Secretary determines to be appropriate, but not less than the sum of—
‘‘(A) the market value of the bullion at the time of sale; and
‘‘(B) the cost of designing and issuing the coins, including labor, materials, dies, use of machinery, overhead expenses, marketing, distribution, and shipping.
‘‘(4) TREATMENT.—For purposes of section 5134 and 5136,
all coins minted under this subsection shall be considered to be numismatic items.
‘‘(5) QUALITY.—The Secretary may issue the coins described in paragraph (1) in both proof and uncirculated versions, except that, should the Secretary determine that it is appropriate to issue proof or uncirculated versions of such coin, the Secretary shall, to the greatest extent possible, ensure that the surface treatment of each year’s proof or uncirculated version differs in some material way from that of the preceding year.
‘‘(6) DESIGN.—Coins minted and issued under this sub- section shall bear designs on the obverse and reverse that are close likenesses of the work of famed American coin designer and medallic artist Adolph Alexander Weinman—
‘‘(A) the obverse shall bear a high-relief likeness of the ‘Winged Liberty’ design used on the obverse of the so-called ‘Mercury dime’;
‘‘(B) the reverse shall bear a high-relief version of the reverse design of the 1907 American Institute of Architects medal; and
‘‘(C) the coin shall bear such other inscriptions, including ‘Liberty’, ‘In God We Trust’, ‘United States of America’, the denomination and weight of the coin and the fineness of the metal, as the Secretary determines to be appropriate and in keeping with the original design.
‘‘(7) MINT FACILITY.—Any United States mint, other than
the United States Mint at West Point, New York, may be used to strike coins minted under this subsection other than any proof version of any such coin. If the Secretary determines that it is appropriate to issue any proof version of such coin, coins of such version shall be struck only at the United States Mint at West Point, New York.
‘‘(8) MARKETING STUDY DEFINED.—The market study described in paragraph (1) means an analysis of the market for palladium bullion investments conducted by a reputable, independent third party that demonstrates that there would be adequate demand for palladium bullion coins produced by the United States Mint to ensure that such coins could be minted and issued at no net cost to taxpayers.’’.
SEC. 3. BUDGETARY EFFECT.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Com- mittee, provided that such statement has been submitted prior to the vote on passage.
Approved December 14, 2010.
LEGISLATIVE HISTORY—H.R. 6166:
CONGRESSIONAL RECORD, Vol. 156 (2010): Sept. 29, considered and passed House. Nov. 30, considered and passed Senate.
Comments
trolleys, FDOI, 1st Strike, Early Releases...all artifical nonsense.
Before I joined this forum, I believed all that artificial nonsense. It is however just a ruse to charge more money. There is no official way to say if a coin was a first strike in a pile of thousands. How about first coin off the press? First Strike in the first hour? First coin to be labeled First Coin?
I wish the grading companies would go back to just assigning a grade.
I think it was established awhile ago that the only thing First Strike guarantees is that the coin has never been re-submitted.
I knew it would happen.
Should we pivot and start talking about the "American Eagle 2019 One Ounce Palladium Reverse Proof Coin"?
Yes! Limited to 15,000 again? My only question is, which will be first, the RP or the EU ? And will there be a burnished one too? It would be nice to actually have a set of fractional Palladiums!
Yes, 15k & RP
If they do that, I'll make the prediction right now that the slab 70s are going to be scarce and VERY VERY expensive
How soon ( if ever) can we expect to see a Rhodium Coin? A Rhodium redo of a 1794 Silver Dollar might be right on time.
😨
with some buyers...... anyway. 😮
Yes, Numraler, I almost pivoted and pre-bought a few of them on eBay.
Maybe they will be offered on the BST by some of those low count cash only sellers.
Palladium moved up $38 to over $1,100
Up another $17. $1,128 Bid, $1,138 Ask. A new record high beating the one set on 1/24/18. That's up $55 in two days.
Only $400 to go and these things will be worth the price!
Sales number DOWN again this week to 14,860
Still makes me wonder how they book their sales and returns.
Also makes me wonder why anyone would still (?) be returning coins. I mean, you can't get $2k for them anymore, but I gotta believe you could sell one pretty quickly OGP at $1500 to $1600, even to dealers.
They are down probably because of the numerous returns from iffy addresses linked to a legit CC address...
Is the mint still selling these each and every morning?
“I gotta believe you could sell one pretty quickly OGP at $1500 to $1600, even to dealers.”
Keeping it sealed would get you even more (from me at least).
Wondercoin
Question is what will the mintage be...
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Those are cancellations, not returns.
But, again, it's not clear how they book the sales.
True, but I presume that the returns are people who didn't like something about the coin, so they must have opened it. Of course, could also be coins that just bounced back due to delivery failure.
Inquiring minds want to know...
I agree,bestday. I think there will soon come the 'dead cat bounce' before settling about where prices are presently 10/24. I see the MS version has been creeping up in auction venues of late. Most collectors wish to obtain one or both of the palladiums, but are waiting on the fence to see what happens. I am happy I waited a bit for the proof.
Retail is up to $1537.50 (+$50) today if/when any more become available direct from the Mint.
APMEX has a Super Super Duper Sale on Palladium FS $200.00 to $600.00 off depending on the Super Super Duper LABELS!!!!!
2018 PA proof coin on ebay ,,,,$2000 - 2100 ... friend now paying $1375..... the guy who had 4 2018 proofs ,..... wanted $2400 per coin ...couple weeks ago ...came back and sold at $1425 .. once these are moved from weak hands price will move up
That assumes there"s enough strong hands to buy them from the weak hands. That is not at all clear.
After 1 month in PCGS hands I got my grade today. PR69DC FS Well, I'll have a pair with the 2017 Pd also getting a MS69.
Anything new this week regarding Palladium final sales figures? I’ve been out of the country.
Wondercoin.
@wondercoin
We'll know on Tuesday when they post the sales through Sunday. The way it's been going I anticipate a number close to last weeks. It's been crazy bouncing around the same number despite people reporting buying at the early availability. Not so much this last week as the opportunities have been fewer.
Finally the Sold Out Sign is up.
Box of 20
Not with a bang, but a whimper. It was an enjoyable ride
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Maybe it will now drive the price up!
it seems to me that any coin where the people who want to buy it are generally doing so to immediately resell for a profit, will not hold up in the long term.
Precious Metal Products
18EK
2018 AM EAGLE PALLADIUM PROOF 1 OZ
14997
10/28/2018
The Mint must have sold out everything they had left at the tiny South Carolina show this past weekend. No limit, buy as many as you want. Wish I had been there. I was in Tokyo at the time! Lol.
Wondercoin.
+1
Thx for your insight.
Dont knoe> @wondercoin said:
Were the Palladian coins part of this no limit offering? Latest figures shown as 14997, so they may have just 3 to sell.
Doesn't seem likely as they need to update their numbers for the Tuesday's sales accumulation figures. Must be a record time for government turn around time!
Sweetpie... I believe they sold all the palladium coins at that show with no limit when the sales figures were around 14,850 or so. I believe by the third day of that show, they still had around (20) pieces remaining to sell. They sold the final pieces on that 3rd day of the show so there were none available on the final day (Sunday). I was not there, but my sources are usually spot on.
I wish I had been there to buy them all ! Really nice of the Mint to bring them to South Carolina for that regional show!
Wondercoin.
South Carolina ? Hmmmmmm......... 🤔 Isn't that where the recent BIG Mega Millions Ticket just hit?
Money talks ! 🎅
Anyone here have a pcgs FS 70 (flag label) for sale? I'm willing to pay $2,000
I'm also looking for a 2017 MS70 (for $1800)
If anyone is interested, PCGS Registry did post the new Palladium coin set is now available for the two versions 2017 and 2018.
It is expected that there will be a 2019 "version".
My US Mint Commemorative Medal Set
Thanks for the heads-up @Goldminers
There will be two. The reverse proof and a bullion version.
What is the going price for a 2018 raw nowadays?
Couple sales (in mint package) sold for $1900 in the last few days on the bay.
Just to keep this thread going
New record closing for Palladium today
$1,174 Bid
$1,189 Ask
Tensions in the region after the naval encounter...
Could be. PM Market was mixed though.
Gold up $3.20 @ $1,223.90
Silver - no change @ $14.28
Platinum down $4.00 @ $818
There is a post in the QA forum about shipping to Ukraine. Turns out the OP’s Canada’s post has suspended mailings.
And with the seizing and port blockade by Russia’s navy of Ukraine and Russia being a major supplier of palladium. Things may get “weird” for awhile.
What? Two versions next year?? I thought there was just going to be one RP. Now a bullion version as well??
The Mint announced they were going to strike Palladium bullion next year. It should be the same as the 2017 bullion. I wouldn't be surprised if they don't strike bullion every other year to circumvent that "finish" clause in the law. (I haven't looked at it close enough to see if congress made an exception to that for the bullion version, but if they didn't, that's the problem.)
Here's a link to Coin World's article:
coinworld:Palladium American Eagle bullion coin on 2019 U.S. Mint production schedule
They aren't on the Mint product schedule since these are handled through the blessed resellers. If the Mint doesn't strike a crapload of the bullion version, the premiums from the resellers might be pretty high. I wonder if they'll be as high as the Mint Store surcharge...
FWIW
——-
DEC .14, 2010
Public Law 111–303 111th Congress
An Act
To authorize the production of palladium bullion coins to provide affordable opportu- nities for investments in precious metals, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘American Eagle Palladium Bullion Coin Act of 2010’’.
SEC. 2. PALLADIUM COIN.
Section 5112 of title 31, United States Code, is amended— (1) in subsection (a), by adding at the end the following new paragraph;
‘‘(12) A $25 coin of an appropriate size and thickness,
as determined by the Secretary, that weighs 1 troy ounce and contains .9995 fine palladium.’’; and
(2) by adding at the end the following new subsection:
‘‘(v) PALLADIUM BULLION INVESTMENT COINS.—
‘‘(1) IN GENERAL.—Subject to the submission to the Secretary and the Congress of a marketing study described in paragraph (8), beginning not more than 1 year after the submission of the study to the Secretary and the Congress, the Sec- retary shall mint and issue the palladium coins described in paragraph (12) of subsection (a) in such quantities as the Sec- retary may determine to be appropriate to meet demand.
‘‘(2) SOURCE OF BULLION.—
‘‘(A) IN GENERAL.—The Secretary shall acquire bullion
for the palladium coins issued under this subsection by purchase of palladium mined from natural deposits in the United States, or in a territory or possession of the United States, within 1 year after the month in which the ore from which it is derived was mined. If no such palladium is available or if it is not economically feasible to obtain such palladium, the Secretary may obtain palladium for the palladium coins described in paragraph (12) of sub- section (a) from other available sources.
‘‘(B) PRICE OF BULLION.—The Secretary shall pay not more than the average world price for the palladium under subparagraph (A).
‘‘(3) SALE OF COINS.—Each coin issued under this subsection
shall be sold for an amount the Secretary determines to be appropriate, but not less than the sum of—
‘‘(A) the market value of the bullion at the time of sale; and
‘‘(B) the cost of designing and issuing the coins, including labor, materials, dies, use of machinery, overhead expenses, marketing, distribution, and shipping.
‘‘(4) TREATMENT.—For purposes of section 5134 and 5136,
all coins minted under this subsection shall be considered to be numismatic items.
‘‘(5) QUALITY.—The Secretary may issue the coins described in paragraph (1) in both proof and uncirculated versions, except that, should the Secretary determine that it is appropriate to issue proof or uncirculated versions of such coin, the Secretary shall, to the greatest extent possible, ensure that the surface treatment of each year’s proof or uncirculated version differs in some material way from that of the preceding year.
‘‘(6) DESIGN.—Coins minted and issued under this sub- section shall bear designs on the obverse and reverse that are close likenesses of the work of famed American coin designer and medallic artist Adolph Alexander Weinman—
‘‘(A) the obverse shall bear a high-relief likeness of the ‘Winged Liberty’ design used on the obverse of the so-called ‘Mercury dime’;
‘‘(B) the reverse shall bear a high-relief version of the reverse design of the 1907 American Institute of Architects medal; and
‘‘(C) the coin shall bear such other inscriptions, including ‘Liberty’, ‘In God We Trust’, ‘United States of America’, the denomination and weight of the coin and the fineness of the metal, as the Secretary determines to be appropriate and in keeping with the original design.
‘‘(7) MINT FACILITY.—Any United States mint, other than
the United States Mint at West Point, New York, may be used to strike coins minted under this subsection other than any proof version of any such coin. If the Secretary determines that it is appropriate to issue any proof version of such coin, coins of such version shall be struck only at the United States Mint at West Point, New York.
‘‘(8) MARKETING STUDY DEFINED.—The market study described in paragraph (1) means an analysis of the market for palladium bullion investments conducted by a reputable, independent third party that demonstrates that there would be adequate demand for palladium bullion coins produced by the United States Mint to ensure that such coins could be minted and issued at no net cost to taxpayers.’’.
SEC. 3. BUDGETARY EFFECT.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Com- mittee, provided that such statement has been submitted prior to the vote on passage.
Approved December 14, 2010.
LEGISLATIVE HISTORY—H.R. 6166:
CONGRESSIONAL RECORD, Vol. 156 (2010): Sept. 29, considered and passed House. Nov. 30, considered and passed Senate.
Cool. Russia interfering in numismatics.
Doubtful in numismatic.
Just supply and demand in general.