Palladium Eagle
TwoSides2aCoin
Posts: 44,444 ✭✭✭✭✭
These would be great if used in commerce. A strong dollar.
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TwoSides2aCoin
Posts: 44,444 ✭✭✭✭✭
Comments
Cool coins. I just can’t wrap my head around the premium over spot. Someday maybe it will make sense.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
There is nothing to understand. People are willing to pay it, so the Mint grabs it, rather than leaving it for us on the secondary market.
Why are people willing to pay it? Because they are limited, low mintages, and they think they will have value in the future. Either that, or they just like the coin and have money to burn.
Doesn't matter, because the market is determined by arm's length transactions between buyers and sellers with no coercion on either side. In this case, exactly $2,150, because coins will sell at that price at noon today.
Mintages:
2017 Mint State (bullion) 15,000
2018-W Proof 14,986
2019-W Reverse Proof 18,775
2020-W Uncirculated 9,742
2021-W Proof 5,170
2021 Mint State (bullion) 8,700
2022-W Reverse Proof 7,360
2023-W Uncirculated has an assigned 6,000 maximum mintage
There is a chance this 2023-W Unc. could sell less than 5,000 given the high premium and fading interest. However, in general, the aftermarket prices for the lower mintage graded coins are still $3,000 plus, in spite of the low spot price.
My US Mint Commemorative Medal Set