@jwitten said:
This years coins are going to be crazy expensive. Is there still a flip opportunity??
jwitten: With all the new-and expensive- precious coins being put out especially since 2006 along with the terrible beating flippers have incurred, I would feel much safer walking in a minefield! My take on these is Patience! If one likes and desires these issues, as I do, waiting will save one thousands of dollars.
@Kudbegud said:
With 6+ hours till the close Pd is up $13. Will it hold to break a new record over $1,400?
Yes, US 2019 Palladium coins will be relatively expensive compared to 2017. But will it sink buyers? I remember when these were first going to be a reality. Many here were not enthusiastic for them even being minted or being a one time done and gone.
Now, would you support adding a fractional selection to the mix? Maybe just a ½ oz version?
Kudbegud: I would as a sole issue. I believe the first lady fubar could have been successful if it was offered in quarter ouncers rather than half ouncers which tied up over 50 G's in a 'meh' series where imo at least 50% of the issues were really unattractive with the only real winners bailing out in 2009 or 2010.
When Platinum was up around $2200, the Pt Eagles were up really high like around maybe $2500.... maybe higher? When a fast paced Moon Shot turns around and crashes down, it's no fun at all.
I'm hoping I can stay away from this crazy Pd Eagle Game. But my past behavior isn't encouraging. Players just wanna play... After all.
@MilesWaits said:
Wow. APMEX now wants $2467 for a raw 2017 Palladium Eagle!
I wonder what my local dealer (or yours) would be paying for a Palladium Maple?
That's high. They are under $2k on eBay.
Canadian Palladium maples are selling for spot on eBay. Wholesale is probably $100 under
My local dealer was very nervous to buy my palladium coins the past couple weeks. He is offering $75 below spot and still a bit reluctant. I sold most all I had over the past several weeks. I have never seen a run straight up like this in 6 months.
Beginning to think Russia (main supplier) may be holding back sales from their mine to artificially cut supply available for gas engine converter manufacturers to push the price higher. They basically have a monopoly on this metal since South Africa mines are in a shambles due to taxes, strikes, depth, etc.
Just pulled up some past Mint Orders out of curiosity. On 5/9/08 I bought a 2008 - 1 oz Platinum Proof Eagle for $2299.95 . Mintage on that Coin was 4,769 , understanable given the high price of the Coin . Only 2 other 1 oz Platinum Proof Eagles had lower mintages ; the 2015 ( 3,886 #1 lowest 1 oz Proof Plat Eagle ) and the 2014 ( 4,596 , #2 lowest 1 oz Proof Plat Eagle).
Just a quick review of past overpriced Bullion Coins with low mintages. The spot on Platinum back in early 2008 was in the $2,000 + neighborhood. Considering the cost of a 2008 APE and the final mintage vs the current value ( PF69 - $1,900 PF70 - $3,200 ) - was it a good buy?
Something to think about when pondering the potential for a 2019 Palladium Eagle being a good buy.
Now if Palladium shoots up to $10,000 / oz, it would clearly be a good thing. But in that scenario a Canadian Maple Leaf might be a better speculation.
Bottom line ... If you like it then damn the Torpedoes, full speed ahead !
@Kudbegud said:
Maybe the Mint could go with an Indian Head 1 oz Rhodium "coin"
(not really serious.....or am I ??)
Now you're talking the good talk. If the Mint could put out a one time Rhodium Indian ( 1907 - 1933 $10 Gold Indian ) , that would be a beautiful thing. Of course it would be better as a Gold Coin. Or Gold Plated Rhodium?
@MilesWaits said:
Were the sold palladium’s Maples, Ballerinas?
Maples and Stillwater palladium. Sold a little bit early, but seemed like a good time all things considered.
I still believe platinum has upside from here, but it sure is taking a long time for it to play catch-up. Articles always mention diesel cars are slowing down, but they fail to mention that many large construction and mining equipment, generators, and large trucks use diesel engines and require platinum, palladium, and often some rhodium for their converters too, and emission standards for them are increasing significantly.
Currently around 10PM EST Feb 20th the Kitco buy price for one palladium Canadian maple is $1,390, their sell price is $1,508.
On the global spot market the ask price indicated is $1,490 and the bid is $1,465 just as shown above by Kudbegud..
The palladium spread is now a very large 8% discount to the spot price if you are selling coins, which reflects the volatility and risk in this market now. For comparison the spread on gold Maples is less than 3%.
Edited to add that Rhodium is the real winner. Two years ago it was only $800, and it is around $2,600 now with an even larger bid/ask spread and going straight up too.
@Kudbegud said:
The Pd 5 day streak is in a profit taking time out slipping back today.
No Rhodium coins to get, unfortunatly, but the next best this is
There are only 1,000 one ounce rhodium coins (worldwide limited mintage) of the 2018 Tuvalu Sea Dragon $100 Tuvaluan (around $70 USD) face value minted by Baird and I have one of them. They are about $3,000 each currently. Will try to find it and post a picture sometime.
That would make a nice companion in the grave with the $100,000 dollar first gold Kennedy. The second one off the press at approximately two grand is fine with me!
There are only 1,000 one ounce rhodium coins (worldwide limited mintage) of the 2018 Tuvalu Sea Dragon $100 Tuvaluan (around $70 USD) face value minted by Baird and I have one of them. They are about $3,000 each currently. Will try to find it and post a picture sometime.
There are only 1,000 one ounce rhodium coins (worldwide limited mintage) of the 2018 Tuvalu Sea Dragon $100 Tuvaluan (around $70 USD) face value minted by Baird and I have one of them. They are about $3,000 each currently. Will try to find it and post a picture sometime.
For people willing to pay huge premiums to own the US Palladium Eagles, I would again caution about the more reasonable premiums seen on palladium, platinum and even rhodium coins in the world market. The Amerika premium is exorbitant given the limited collector base (in my opinion).
I wish I would have seen that listing, as I would have tried to buy it although seemed to have some obverse issues in the picture. Rhodium does not tarnish and is usually plated over most all white gold. I am thinking of getting mine slabbed if it looks OK.
Platinum may be finally starting the move up I have been waiting for as it just broke above 4 month resistance.
jmlanzaf & Goldminers - I stand corrected. Thanks for the info. Nice looking Dragon too.
jmlanzaf - That has to be a world record for the longest URL. Thank goodness for Copy and Paste 'cuz I would be hard pressed to manually type in that crazy sequence. Maybe copy a section of it as a secure password.
That has to be a world record for the longest URL. Thank goodness for Copy and Paste 'cuz I would be hard pressed to manually type in that crazy sequence.
For $75,000 the buyer deserves a really long URL as a bonus, plus a really pretty certificate of authenticity and the rare and valuable "first day" mint packaging.
Speaking about Rhodium.....
New today on Youtube - Rhodium - THE MOST INVISIBLE METAL ON EARTH!
Video by Thoisoi2 who does videos on all the elements. All very interesting. https://youtube.com/watch?v=RcQVJ4lb8r0
Got a laugh when some say the American Palladium coins are overpriced vs. other world coins. The American PA coins are priced higher ,because they are more demand ,than their foreign counterparts.. You will hear talk that the 2019 PA coin will be overpriced ...too high and not worth it.....just buy it .....for big price gain
@Kudbegud said:
"Speaking about Rhodium..... and video link"
Thanks for that video link above, it was very interesting. The brittle part discussed is why the US Mint probably will not attempt to strike rhodium coins as they crack, let alone the high price. Baird and Co. figured out a way to do it but it is their secret.
And that dude on the motorcycle and whoever filmed him is insane.
@bestday said:
Got a laugh when some say the American Palladium coins are overpriced vs. other world coins. The American PA coins are priced higher ,because they are more demand ,than their foreign counterparts.. You will hear talk that the 2019 PA coin will be overpriced ...too high and not worth it.....just buy it .....for big price gain
@bestday said:
Got a laugh when some say the American Palladium coins are overpriced vs. other world coins. The American PA coins are priced higher ,because they are more demand ,than their foreign counterparts.. You will hear talk that the 2019 PA coin will be overpriced ...too high and not worth it.....just buy it .....for big price gain
Well since around 200,000 to 300,000 Canadian Maple Leaf coins were minted of palladium, vs a total of 30,000 USA palladium coins (2017 plus 2018 at 15,000 each), my guess is that the Canadian foreign palladium coins are cheaper because there are 10 times as many available, and the Queen does not look as cool as Mercury IMHO.
If you want cheap palladium for investment buy Maples. If you want a really cool looking reverse proof 2019 US palladium it will have high demand even if the price is high, if they keep the mintage low.
Now what I just found, that I did not know, is just how many others are out there in really low mintages in all kinds of interesting designs and sizes. Check this out:
Comments
Well, there it is. Over $1,400. A new record high. Up $16.
I know of at least one avid collector of the Palladium Eagles series.
Me too Miles
I know of one collector of holed Bust Halfs...
jwitten: With all the new-and expensive- precious coins being put out especially since 2006 along with the terrible beating flippers have incurred, I would feel much safer walking in a minefield! My take on these is Patience! If one likes and desires these issues, as I do, waiting will save one thousands of dollars.
Kudbegud: I would as a sole issue. I believe the first lady fubar could have been successful if it was offered in quarter ouncers rather than half ouncers which tied up over 50 G's in a 'meh' series where imo at least 50% of the issues were really unattractive with the only real winners bailing out in 2009 or 2010.
Third record close. Up $24 to $1439.
It is going to be a financial beat down when the next Palladian Eagles come out from the Mint.
Why is Pd going up? Is there some new demand?
Yeah! Palladium eagle demand, baby
We'll find out what kind of real demand when the issue price is $2k
Yeah, anybody interested in the futures contract can be the first to pre-sell those for $2500
Are you buying at that number? Cuz I think I'm selling
When Platinum was up around $2200, the Pt Eagles were up really high like around maybe $2500.... maybe higher? When a fast paced Moon Shot turns around and crashes down, it's no fun at all.
I'm hoping I can stay away from this crazy Pd Eagle Game. But my past behavior isn't encouraging. Players just wanna play... After all.
🤑
At the rate we're going now, you might LOSE money selling at the price, lol. No telling what these will cost from the mint by then.
Thx for your insight.
Dont knoe> @jmlanzaf said:
Close. At today's Pd price range, it would cost $1787.50 from the mint.
Wow. APMEX now wants $2467 for a raw 2017 Palladium Eagle!
I wonder what my local dealer (or yours) would be paying for a Palladium Maple?
That's high. They are under $2k on eBay.
Canadian Palladium maples are selling for spot on eBay. Wholesale is probably $100 under
Here are snips just now from Provident
Maybe the Mint could go with an Indian Head 1 oz Rhodium "coin"
(not really serious.....or am I ??)
Once again a new closing high. +$22.
$86 in the past 4 business days.
My local dealer was very nervous to buy my palladium coins the past couple weeks. He is offering $75 below spot and still a bit reluctant. I sold most all I had over the past several weeks. I have never seen a run straight up like this in 6 months.
Beginning to think Russia (main supplier) may be holding back sales from their mine to artificially cut supply available for gas engine converter manufacturers to push the price higher. They basically have a monopoly on this metal since South Africa mines are in a shambles due to taxes, strikes, depth, etc.
My US Mint Commemorative Medal Set
Were the sold palladium’s Maples, Ballerinas?
WOW! $1508. Spot.
Any dates on $1600?
Maple Leafs Provident quote is 4 post above yours....which is probably more now
Just pulled up some past Mint Orders out of curiosity. On 5/9/08 I bought a 2008 - 1 oz Platinum Proof Eagle for $2299.95 . Mintage on that Coin was 4,769 , understanable given the high price of the Coin . Only 2 other 1 oz Platinum Proof Eagles had lower mintages ; the 2015 ( 3,886 #1 lowest 1 oz Proof Plat Eagle ) and the 2014 ( 4,596 , #2 lowest 1 oz Proof Plat Eagle).
Just a quick review of past overpriced Bullion Coins with low mintages. The spot on Platinum back in early 2008 was in the $2,000 + neighborhood. Considering the cost of a 2008 APE and the final mintage vs the current value ( PF69 - $1,900 PF70 - $3,200 ) - was it a good buy?
Something to think about when pondering the potential for a 2019 Palladium Eagle being a good buy.
Now if Palladium shoots up to $10,000 / oz, it would clearly be a good thing. But in that scenario a Canadian Maple Leaf might be a better speculation.
Bottom line ... If you like it then damn the Torpedoes, full speed ahead !
Now you're talking the good talk. If the Mint could put out a one time Rhodium Indian ( 1907 - 1933 $10 Gold Indian ) , that would be a beautiful thing. Of course it would be better as a Gold Coin. Or Gold Plated Rhodium?
🤐
Maples and Stillwater palladium. Sold a little bit early, but seemed like a good time all things considered.
I still believe platinum has upside from here, but it sure is taking a long time for it to play catch-up. Articles always mention diesel cars are slowing down, but they fail to mention that many large construction and mining equipment, generators, and large trucks use diesel engines and require platinum, palladium, and often some rhodium for their converters too, and emission standards for them are increasing significantly.
My US Mint Commemorative Medal Set
5th business day in a row Pd squeaks out a tiny gain of $4 to set another record close.
Is $1,500 on the horizon?
2019 PA reverse proof ... regardless of mint price...$1000+premium to mint price.....expensive? no matter
I love your bullet point analyses; Straight to the point, bestday!
Currently around 10PM EST Feb 20th the Kitco buy price for one palladium Canadian maple is $1,390, their sell price is $1,508.
On the global spot market the ask price indicated is $1,490 and the bid is $1,465 just as shown above by Kudbegud..
The palladium spread is now a very large 8% discount to the spot price if you are selling coins, which reflects the volatility and risk in this market now. For comparison the spread on gold Maples is less than 3%.
Edited to add that Rhodium is the real winner. Two years ago it was only $800, and it is around $2,600 now with an even larger bid/ask spread and going straight up too.
My US Mint Commemorative Medal Set
The Pd 5 day streak is in a profit taking time out slipping back today.
No Rhodium coins to get, unfortunatly, but the next best this is
https://google.com/search?q=rhodium+coin&source=lnms&tbm=isch&sa=X&ved=0ahUKEwil0Y-Grc_gAhXxct8KHZNuCYsQ_AUIDigB&biw=1366&bih=625#imgrc=_BmoOrsmoSpPLM:
https://ebay.com/itm/Palladium-1st-Coin-Sold-Only-1-Available-Hand-Signed-by-John-Mercanti/143123044822?hash=item2152cc59d6:rk:5:pf:1&checksum=14312304482212af66a318784a1b93cb5be96fce3e1f&enc=AQADAAAC8FjVrDbVsZ8oH%2F8PNHtt9VX4%2Fw7FZcmMuqsX8uaFEduVf9Znp936zvs0tFJxqenzhxBgmjvBtNBjIYxZQUyF9nNyhpM3%2FnZsB1KhTvk%2BCDUb5G76Jr89z%2F59VEuAsEEOoAtqns21Tr6ktArinL%2BBMxd%2Bneq7cVHJdOh%2Bnwt2YHUczafRdbcEig80tJaraYMOdHX4q3kCkoRLctRn600t7PSjaKBGphSeXP3lpu7jm9cP7yN3mx%2F7FVSvpVgJZ60BeRmIb7TvkyssV%2BkAvt0p2v9sX6cC9Lvgxrz2BI7g2RJEOUiv7qc%2FVoEOh%2B8sGXRmuh7SB7nC94%2B0qLmx6EXOQZ921zZB9LcyKv9kUj%2B%2FislUJry%2BhXNrGiqavTN7Av9b4KSEHXo5LQRzffq9%2FWdWQJhoht8hm2k2XfaZ82vN2qZfvAh%2BVl%2B1qcsUvHwUM7w4urq4i8SLEI3D81MTjZB6UsSlSugJ042HfJUjSDWEs%2BsnQjKIU7RlvTZ9yRHrRIOvtvDJWQcooOXBpz%2F%2BOaAotgQYsHhM6H815R%2FvNSxiyduzBbhoQ7O1HWmXZkgqgMj7zT1%2BG7da8N0vfzXXKGnSMDgq%2BJweRKLk8IX4Xc%2BxJBoLFBzTrX3LPZxlziMyLo9qsI%2BrwRvt%2Fl2d8UNkVK59i4nqGika%2FQrEQOUVnflzpJ5V18y2c4I9IHlZBnvZG0%2BvI1nZwKQ8D7Wrkg23LyQlRDxsi7l1%2BMKufJ4rZHUbFG3HThdugtRFPKpqOZzJKv0mAq6g8pqRvR7m1A%2FxzXArdyptpZDI%2BT6FDmnO7qMfR%2BCI5vCrkVvhspqN0sxDsQ5SBFSxwWa8xUZwqG1Pih7lkyC8AP1sNHu%2FPUS36UM5ld3UMHS%2F3z7Fy3875m0WzSDPBoA7nar3gmo%2BnzzNucLEcT5qxdoYgMe9obUrTGyRMZ%2FZ4S6Rp%2Fa4CzXag7IqQo05cNbnMaDch4vPU9MP8jXdcEuWd9BrGX88Ee6x53hdKuqU&frcectupt=true
2017 World mining production (rounded)
Silver 800,000,000 troy ounces
Palladium 8,000,000 troy ounces
Rhodium 800,000 troy ounces
There are only 1,000 one ounce rhodium coins (worldwide limited mintage) of the 2018 Tuvalu Sea Dragon $100 Tuvaluan (around $70 USD) face value minted by Baird and I have one of them. They are about $3,000 each currently. Will try to find it and post a picture sometime.
My US Mint Commemorative Medal Set
That would make a nice companion in the grave with the $100,000 dollar first gold Kennedy. The second one off the press at approximately two grand is fine with me!
It's not the second off the PRESS, it's the second one a US Mint sales guy handed to you standing in line that's worth approx. $2k.
Actually, I posted a link to it above.
https://ebay.com/itm/2018-Tuvalu-1-Oz-Rhodium-Bullion-Coin-South-Seas-Dragon-1000-Minted/202600890474?hash=item2f2bf4406a:g:beQAAOSwMKVcWiJH
Here's one that just sold on eBay.
For people willing to pay huge premiums to own the US Palladium Eagles, I would again caution about the more reasonable premiums seen on palladium, platinum and even rhodium coins in the world market. The Amerika premium is exorbitant given the limited collector base (in my opinion).
I wish I would have seen that listing, as I would have tried to buy it although seemed to have some obverse issues in the picture. Rhodium does not tarnish and is usually plated over most all white gold. I am thinking of getting mine slabbed if it looks OK.
Platinum may be finally starting the move up I have been waiting for as it just broke above 4 month resistance.
My US Mint Commemorative Medal Set
jmlanzaf & Goldminers - I stand corrected. Thanks for the info. Nice looking Dragon too.
jmlanzaf - That has to be a world record for the longest URL. Thank goodness for Copy and Paste 'cuz I would be hard pressed to manually type in that crazy sequence. Maybe copy a section of it as a secure password.
That has to be a world record for the longest URL. Thank goodness for Copy and Paste 'cuz I would be hard pressed to manually type in that crazy sequence.
For $75,000 the buyer deserves a really long URL as a bonus, plus a really pretty certificate of authenticity and the rare and valuable "first day" mint packaging.
My US Mint Commemorative Medal Set
Palladium woke up from it's time out to gain $23. $1 under $1,400 Ask.
Speaking about Rhodium.....
New today on Youtube - Rhodium - THE MOST INVISIBLE METAL ON EARTH!
Video by Thoisoi2 who does videos on all the elements. All very interesting.
https://youtube.com/watch?v=RcQVJ4lb8r0
Got a laugh when some say the American Palladium coins are overpriced vs. other world coins. The American PA coins are priced higher ,because they are more demand ,than their foreign counterparts.. You will hear talk that the 2019 PA coin will be overpriced ...too high and not worth it.....just buy it .....for big price gain
Thanks for that video link above, it was very interesting. The brittle part discussed is why the US Mint probably will not attempt to strike rhodium coins as they crack, let alone the high price. Baird and Co. figured out a way to do it but it is their secret.
And that dude on the motorcycle and whoever filmed him is insane.
My US Mint Commemorative Medal Set
LMFAO
Well since around 200,000 to 300,000 Canadian Maple Leaf coins were minted of palladium, vs a total of 30,000 USA palladium coins (2017 plus 2018 at 15,000 each), my guess is that the Canadian foreign palladium coins are cheaper because there are 10 times as many available, and the Queen does not look as cool as Mercury IMHO.
If you want cheap palladium for investment buy Maples. If you want a really cool looking reverse proof 2019 US palladium it will have high demand even if the price is high, if they keep the mintage low.
Now what I just found, that I did not know, is just how many others are out there in really low mintages in all kinds of interesting designs and sizes. Check this out:
http://www.rene-finn.de/English/palladiumtabeng.html
My US Mint Commemorative Medal Set
@Goldminers - This is a great resource. Thanks.
rene-finn.de/English/palladiumtabeng.html