"Although the original legislation authorizing the palladium coin also sought bullion versions, the Mint had pretty much abandoned the thought of producing bullion versions after a contracted feasibility study concluded the bullion palladium option would be unprofitable. The same study also concluded collector versions offered financial promise."
I would prefer the bullion coins. Proofs are gonna be a bit pricey for a pure bullion play.
Whats the appeal of a bullion version? A metal that looks just like silver , costs 40 times as much , has wide buy sell spreads and the average man on the street has no interest in.
The mint should just make proofs for the 17 people that want them .
The only way a bullion version makes sense is if congress passed a law forcing people to buy the things.
Maybe they will sell Proofs by implying that it will be a Proof-only issue, and then do bullion quality coins late in the year?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
When will the mint resume striking bullion Platinum Eagles? The demand is clearly there - the 2014 bullion plats, the most recent ones minted, are fetching upwards of $1250 each on eBay.
Comments
Mint considering issuing fractional palladium coins as well. From Coin World:
http://www.coinworld.com/news/...n-us-mint-radar.1.html
"Although the original legislation authorizing the palladium coin also sought bullion versions, the Mint had pretty much abandoned the thought of producing bullion versions after a contracted feasibility study concluded the bullion palladium option would be unprofitable. The same study also concluded collector versions offered financial promise."
I would prefer the bullion coins. Proofs are gonna be a bit pricey for a pure bullion play.
Whats the appeal of a bullion version? A metal that looks just like silver , costs 40 times as much , has wide buy sell spreads and the average man on the street has no interest in.
The mint should just make proofs for the 17 people that want them .
The only way a bullion version makes sense is if congress passed a law forcing people to buy the things.
The mint should just make proofs for the 17 people that want them .
Then they should only make 16 of them, and the 17 collectors can just buy and sell them amongst themselves
Liberty: Parent of Science & Industry
Nobody's talking about the design. What's it supposed to be? I'm pretty dubious about this.
I knew it would happen.
http://www.coinworld.com/news/...tals&utm_content=#
My Adolph A. Weinman signature
