Palladium Coin Coming Next Month?

7Jaguars

I have seen no mention of this on the Board, but I recall reading today in Coin World OnLine that the long-awaited palladium bullion piece is to be released NEXT month. Whatcha y'all think?

bronco2078

It should have PT Barnum on the obverse

Zoins

Has the Mint released any images?

Here's a mockup from Angel Publishing:

http://www.energyandcapital.com/articles/what-could-have-been-the-us-mint-palladium-bullion-coin/5352

CoinCrazyPA

I read on Sharps Pixley they are going to be like all the other American Eagles and will be minted at Philadelphia. A proof version in 2018 minted at west Point.

MsMorrisine

palladium bullion
markup 10%

ms70

The eagle is missing the arrows.

Overdate

I'd like to see some fractionals.

Zoins

@ms70 said:
The eagle is missing the arrows.

We're too nice for arrows these days. Similar to how China uses the panda instead of the dragon these days. Everyone wants to be nice on their coins.

ricko

The design looks nice, however, it will not be on my list to acquire...The liquidity of gold and silver will remain the best investment as far as PM's go.... Cheers, RickO

William

The Mint confirms that the coins go on sale to authorized purchasers in September. See our coverage: coinworld.com/news/precious-metals/2017/08/u-s-mint-to-start-selling-palladium-bullion-coins-in-september.html

BackroadJunkie

@Zoins said:

@ms70 said:
The eagle is missing the arrows.

We're too nice for arrows these days. Similar to how China uses the panda instead of the dragon these days. Everyone wants to be nice on their coins.

I wonder what it would look like if the eagle had a 50 cal dangling from it's talons....

The bullion coin will be issued in September, a proof next year:

coinworld: U.S. Mint will start selling palladium American Eagle bullion coins in September

The United States Mint will start selling American Eagle palladium coins to authorized purchasers in September, Acting Principal Deputy Mint Director David Motl told Coin World on Aug. 1.

Motl revealed the start of sales in an interview with Coin World senior editor Paul Gilkes at the American Numismatic Association World’s Fair of Money in Denver.

The bullion coins will be struck at the Philadelphia Mint and like all American Eagle bullion coins, will not have a Mint mark.

A Proof version of the coin will be offered in 2018. It will be struck at the West Point Mint and bear the W Mint mark. It will have same designs as the 2017 bullion version.

So the bullion version will go to the authorized bullion purchasers, like APMEX and the other big boys.

Remember what happened with the first 5oz ATB pucks....

epcjimi1

Might as well throw palladium into the mix along with platinum.

Last I looked, gold silver, copper were the ore of choice.

MHO

RogerB

This is a foolish sop by Congress to the sole commercial venture in the US that mines the stuff. Absolute waste of money and resources -- and this stuff was never used for coinage.

Zoins

@RogerB said:
This is a foolish sop by Congress to the sole commercial venture in the US that mines the stuff.

Yes, but that's how coins have been authorized, going back over 100 years.

ARCO

Personally, I love the idea and the coin design looks fantastic. When I was hoarding bullion back in the mid aughts and watching prices daily, I was always on the look out for Palladium bullion coins. They quote the Palladium price on Kitco, and the same folks who buy your gold and silver, will buy your palladium bullion too.

I don't know how a person can say they buy bullion, love bullion, but do not like the palladium coins. I say, go back to fiat you traitors!

ARCO

I will buy palladium bullion coins.

Kudbegud

@ARCO said:
I will buy palladium bullion coins.

Me too

MilesWaits

Mi tres. I dig em and am excited to have a option other than maples and chicks on their toes.

ricko

@BackroadJunkie... Great idea .... and M1 would look so much better than arrows.... Cheers, RickO

HalfStrike

Way back when this coin was first being discussed you had palladium down to under 50% of the platinum price. Too bad it has gone up so much.

7Jaguars

I'll take one in High Relief antiqued matte please! Skip the obverse, just make a medallic reverse in triple size.

Cameonut

I will be buying as I've been waiting for a US Pd bullion coin.

Kove

I'll buy at least one. Kind of cool to have.

BSA

@Overdate said:
I'd like to see some fractionals.

I've heard rumors of platinum fractionals, keeping fingers crossed for 2018.

Kudbegud

Palladium bullion sales to commence September 25

Reported in mintnewsblog.com/palladium-bullion-sales-to-commence-september-25/

BackroadJunkie

$1,071.39 at Apmex at current spot, for a single coin. $1,051.39 in quantities of 100 or more. The $1,051.39 price is $115 over spot.

Pre-order now, with a ship date of Oct 6.

It looks like rolls are 10 coins, monster boxes are 100 coins.

Kudbegud

Provident is also offering Pre-Sale. $1,042.25 by check at current spot price of $914 ask

jmlanzaf

The mint is pricing at 6.25% over spot. So, that's about $970. The rest is dealer mark up.

https://www.usmint.gov/news/press-releases/united-states-mint-launches-new-palladium-bullion-coin-program

jmlanzaf

By the way, here's what your Palladium coin will be worth on the day it arrives:

http://www.ebay.com/itm/1-oz-Canadian-Palladium-Maple-Leaf-50-Coin-9995-Fine-Random-Year-/201803473365?epid=127171129&hash=item2efc6ca1d5:g:emcAAOSw-0xYkman

TwoSides2aCoin

Dimeman is probably not laughing.