At Approximately 2:00PM ET the United States Mint took OFF the Currently Unavailable sign and hung up the $300.00 Higher Priced 2019 Reverse Proof Palladium coin.
@cagcrisp said:
At Approximately 2:00PM ET the United States Mint took OFF the Currently Unavailable sign and hung up the $300.00 Higher Priced 2019 Reverse Proof Palladium coin.
Buy all you want at $3,087.50...
Wow! THAT IS $1100 higher than the issue price just 5 months earlier.
Apparently people are still buying because I see them going down in numbers at APMEX and Providence as their in stock numbers descend even though the spot price ascends. I don’t know exactly when I would sell my American Eagles.
I would love to see some new numbers on sales from the Mint.
I don't know if I should sell one of my two Dan Carr Palladium's. I only need one but two is nice. Then again I could broaden my Carr collection some with $3k replenishing my wallet.
@MilesWaits said:
$2882 an ounce now for Pd spot.
Taking bets on how long the Mint will keep this one up before they pull it again?
The Mint will not go CU until it becomes apparent that prices will Increase More than one level. The fixes just start today...And...We're not looking at More than one level...
My guess is that by the time the "mint state" 2020 collector version goes on sale it will start at North of $3,500....and of course a limit of one per household for the first 24 hours.
Auto makers will not switch from palladium
Miner expects consumption of metal to increase despite jump in prices
February 26, 2020 2:10 pm by Henry Sanderson in London
Russia’s Norilsk Nickel, the world’s largest producer of palladium, says carmakers won’t switch away from the metal in catalytic converters despite a record 80 per cent surge in prices over the past year.
The miner said palladium consumption will increase by 100,000 ounces this year as carmakers in China and Europe reduce emissions to meet tougher regulatory standards.
“Automakers have little appetite for changes in the catalyst chemistry as their engineering resources are focused on meeting new tighter emission legislation,” Norilsk said.
The high price of palladium has become an increasing concern for carmakers such as Toyota, whose use of the metal in its hybrid cars has led to a surge of thefts.
Palladium has risen by over 400 per cent since the beginning of 2016 and is trading at a record high of $2,732 an ounce.
Toyota says it has reduced the amount of precious metals it uses in its catalytic converters by up to 84 per cent in its newer hybrid models.
But Norilsk said it expected the amount of palladium used in petrol cars to increase by around 5 to 7 per cent this year as carmakers in China prepare to meet the China 6 emission standard and those in Europe new real-world driving emission tests.
Alternative platinum-based catalytic converters are “inefficient” at the high temperatures of petrol car exhausts, Norilsk said.
In addition carmakers “are too busy with a transition of their internal combustion engines to EV technologies and thus do not want to spend both engineering, research and financial resources on new auto catalyst technologies,” it said.
Norilsk said mined supply of palladium will fall by 2 per cent this year to 7.1m ounces.
What a bargain...the mints palladium coin price is only $1,100 more than the current posted "ask" price on the metal (per Kitco). I know they only reprice once per week, but if this holds then next week should be a huge drop in the sales price on the mint's site.
And there it is..get your ounce of precious metals..2019 Palladium $2450.00 and I checked the 2019 Gold Liberty, that's at $2240.00 ! The 2020 AGE is being released today, that's just $2175 or lunch up on the Gold set...$4040.00
Can't do it. I'm skipping the Gold Basketball too. Hope the opening availability won't be a an ordering nightmare. The available numbers are way higher then the ERP ASE so it's an in & out.
Comments
Another Record
So who is going to sell an ounce of palladium at $3000?
It's just amazing I even have an ounce of palladium! At these prices, I don't think I'll be buying anymore anytime soon.
I might consider selling one of my Dan Carr 1oz Palladium Winged Liberty Heads
Boy that is a hard palladium coin to part with!
Much like my sets of palladium Eagles.
Up $79 To A New Record
At Approximately 2:00PM ET the United States Mint took OFF the Currently Unavailable sign and hung up the $300.00 Higher Priced 2019 Reverse Proof Palladium coin.
Buy all you want at $3,087.50...
Wow! THAT IS $1100 higher than the issue price just 5 months earlier.
Anyone selling or buying here?
Apparently people are still buying because I see them going down in numbers at APMEX and Providence as their in stock numbers descend even though the spot price ascends. I don’t know exactly when I would sell my American Eagles.
I would love to see some new numbers on sales from the Mint.
I don't know if I should sell one of my two Dan Carr Palladium's. I only need one but two is nice. Then again I could broaden my Carr collection some with $3k replenishing my wallet.
That is a good question. I see APMEX has some esoteric palladium coins now they usually don’t have as I imagine they are buying and selling, big time.
$2882 an ounce now for Pd spot.
Taking bets on how long the Mint will keep this one up before they pull it again?
The Mint will not go CU until it becomes apparent that prices will Increase More than one level. The fixes just start today...And...We're not looking at More than one level...
American Eagle 2019 One Ounce Palladium Reverse Proof Coin
19EK.
Not Available
WEST POINT (W)
American Eagle Coin Program
This could be the end...
Is this a record price for any mint offering? The highest I Recall is $2600 for the AGE 2 coin anniversary set.
My guess is that by the time the "mint state" 2020 collector version goes on sale it will start at North of $3,500....and of course a limit of one per household for the first 24 hours.
Go North, old man Pd!
Yes...for a single coin...
$92 away from a bit more history!
Up $83 For Another New Record
Over half way to $2,800 Bid. Hmmm
I got a 2016 1/10 Moonlight Palladium piece .....The only Pd example I feel a need for.
Auto makers will not switch from palladium
Miner expects consumption of metal to increase despite jump in prices
February 26, 2020 2:10 pm by Henry Sanderson in London
Russia’s Norilsk Nickel, the world’s largest producer of palladium, says carmakers won’t switch away from the metal in catalytic converters despite a record 80 per cent surge in prices over the past year.
The miner said palladium consumption will increase by 100,000 ounces this year as carmakers in China and Europe reduce emissions to meet tougher regulatory standards.
“Automakers have little appetite for changes in the catalyst chemistry as their engineering resources are focused on meeting new tighter emission legislation,” Norilsk said.
The high price of palladium has become an increasing concern for carmakers such as Toyota, whose use of the metal in its hybrid cars has led to a surge of thefts.
Palladium has risen by over 400 per cent since the beginning of 2016 and is trading at a record high of $2,732 an ounce.
Toyota says it has reduced the amount of precious metals it uses in its catalytic converters by up to 84 per cent in its newer hybrid models.
But Norilsk said it expected the amount of palladium used in petrol cars to increase by around 5 to 7 per cent this year as carmakers in China prepare to meet the China 6 emission standard and those in Europe new real-world driving emission tests.
Alternative platinum-based catalytic converters are “inefficient” at the high temperatures of petrol car exhausts, Norilsk said.
In addition carmakers “are too busy with a transition of their internal combustion engines to EV technologies and thus do not want to spend both engineering, research and financial resources on new auto catalyst technologies,” it said.
Norilsk said mined supply of palladium will fall by 2 per cent this year to 7.1m ounces.
All metals taking a huge hit today.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Excellent. Let them find their reasonable levels, not too high or low.
Well, just Love coins, period.
Yes, Pd and Rh Took A Big Hit Today
So did Gold, Silver & Platinum
The 2019 Reverse Proof Palladium has been re-priced and Currently you can put 99 in cart...
$3,037.50...
Rhodium, not Palladium, Soared $1,200 Today
Palladium was up a bit but Rhodium really took off. Amazing $1,200 jump.
Where will it stop?
The Mint Should drop the price on the 2019 Reverse Proof Palladium $150 this afternoon to $2,887.50...
And the price crash continues.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Palladium continues re-entry back down to Earth.
This metal is getting beat like a cheap drum. Viciously. Without regard for respect.
Seems like the only metal not taking a beating is rhodium.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Today is first day for re-pricing Gold, Platinum and Palladium.
IF prices hold at Today’s level for Palladium…
…Price on Mint’s website would be $600.00 Less than current Mint offering price…
It was down $900 today.. I was about to sell but this drop makes me wait.
What a bargain...the mints palladium coin price is only $1,100 more than the current posted "ask" price on the metal (per Kitco). I know they only reprice once per week, but if this holds then next week should be a huge drop in the sales price on the mint's site.
So the question now is how low will palladium go.....
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
In 11 trading days, the LBMA PM fix for Palladium is Down $1,011.00
February 27 LBMA PM Fix = $2,755.00
March 13 LBMA PM Fix = $1,744.00
The Mint’s New Pricing Grid is in place…
Before Yesterday:
This Afternoons 1 oz. 2019 Reverse Proof Palladium would have been $2,187.50 (Down $700.00 from Current Mint price).
This Afternoon:
1 oz. 2019 Reverse Proof Palladium will be $2,450.00 (Down $437.50 from Current Mint price).
And there it is..get your ounce of precious metals..2019 Palladium $2450.00 and I checked the 2019 Gold Liberty, that's at $2240.00 ! The 2020 AGE is being released today, that's just $2175 or lunch up on the Gold set...$4040.00
Can't do it. I'm skipping the Gold Basketball too. Hope the opening availability won't be a an ordering nightmare. The available numbers are way higher then the ERP ASE so
it's an in & out.
The Previously CU 2019 Reverse Proof Palladium has Mysteriously re-appeared + $500.00…
…To $2,950.00
…SO…You could Not purchase Any at $2,450.00, however, Now you can put 99 in your bag at $2,950.00…