We have a winner! This coin is doing very well, with prices rising on ebay PCGS MS70 First Strikes to $1,800
Some lucky bastid got his hands on 2 proof like coins and they are being offered for $15,000 each
This example looks like it has rim issues, but the coin is awesome! Can hardly wait until the proofs come out in 2018
I have a PCGS First Strike MS70 on the way. $1,344
I have to say that might be the most beautiful reverse design I've ever seen. If the Mint ever starts making these in fractional denominations, I'd be snatching them up at lightning speed.
Unfortunately, $25 is a hard denomination to break down
"Character is doing the right thing when no one is watching". - J.C. Watts sarasotanumismatics.com
Obverse: A young depiction of Liberty with winged Phrygian cap, reminiscent of the Roman god Mercury. Adapted from Adolph Weinman's classic design first used on the Mercury Dime in 1916.
Reverse: A majestic eagle perched atop a rock along with the weight, purity and $25 face value. This design, also created by Adolph Weinman, has been used since 1907 on the American Institute of Architects' annual Gold Medal.
I just got a few email notices that the Coin's are on the way!
I got my special case all ready to put this one away (forever)!
Correct me if I am wrong but were these made at the Philadelphia Mint? But the mint mark looks like a W. Am I looking in the wrong place or is this actually made at the West Point Mint? TYIA
The W you see is the designers initial The proposed obverse of the Palladium Eagle features a design based on Adolph A Weinman’s Winged Liberty dime, which has also been called the Mercury dime.
So I read next years Proof is coming from West Point. Now if this is the only year they make this coin from the Philadelphia this might become an important purchase. Only time will tell.
Nearly every American has seen Lyndall Bass' art, which has graced the reverse of the nearly 50 billion Lincoln Cents struck since 2010. An acclaimed painter,** Bass created the "Union Shield" design** that was selected after the cent celebrated the 200th anniversary of the birth of Abraham Lincoln.
Lyndall Bass individually hand-signs labels exclusively for NGC."
Nearly every American has seen Lyndall Bass' art, which has graced the reverse of the nearly 50 billion Lincoln Cents struck since 2010. An acclaimed painter,** Bass created the "Union Shield" design** that was selected after the cent celebrated the 200th anniversary of the birth of Abraham Lincoln.
Lyndall Bass individually hand-signs labels exclusively for NGC."
Good info. "Union Shield Cent Designer" would have been more understandable for me.
Palladium American Eagle bullion coins get high grades from services
Many submitted to grading services earning Mint State 70 designations
By Paul Gilkes , Coin World
Published : 10/06/17
The 2017 American Eagle palladium bullion coins are earning significant numbers of perfect grades from examples submitted to third-party grading services.
Images courtesy of Numismatic Guaranty Corp.
Early reports from Professional Coin Grading Service and Numismatic Guaranty Corp. indicate the inaugural 2017 American Eagle palladium bullion coins are of superior quality, with many of the initial submissions grading Mint State 70.
While the coins are being issued as a bullion coin, the palladium American Eagles are being treated on the secondary market as a numismatic issue, with premiums to match.
The year coin collecting in the United States changed forever Also in this week’s print issue of Coin World, we cite the secret weapon for any modern coin researcher or collector interested in how coins are made.
Secondary market promoters were apparently so confident in the anticipated high quality of the coins that many coins were pre-sold on eBay as being certified MS-70 by either service.
The United States Mint sold 15,000 of the 1-ounce .9995 palladium $25 coins through its network of authorized purchasers on Sept. 25. U.S. Mint officials announced Oct. 5 that no more 2017 palladium bullion coins will be struck (all production occurred at the Philadelphia Mint).
The bullion coins are the nation’s first palladium coins of any kind.
NGC, PCGS observations
Max Spiegel, senior vice president of sales and marketing for NGC’s parent, Certified Collectibles Group, said the grading service received its first submissions of the palladium bullion coin on Oct. 2.
“I am told that the quality is exceptional and we are seeing a high percentage of 70s,” Spiegel said.
Mark Salzberg, NGC chairman, said: “I think this is the most exquisite and successful design for a US coin of the modern era. It combines a classic obverse with a powerful reverse in beautiful high relief. The new Palladium American Eagle is truly magnificent.”
PCGS is experiencing similar results. “PCGS has received a significant number of palladium Eagles and more will be arriving this week,” PCGS Vice President Mark Stephenson said Oct. 3 via email. “The coins are very well-made, with most coins receiving PCGS MS-70 grades, and fewer that are receiving PCGS MS-69. A small number of coins are coming in with die flecks or strike throughs, which we also see on other bullion issues. However, we haven’t seen any coins that don’t grade at least PCGS MS-69 thus far.”
When the U.S. Mint offered the coins to authorized purchasers, palladium’s closing spot price was just under $920.
Secondary market prices have ranged from $1,050 to $1,100 for coins not graded by a third party grading service, based on completed eBay sales and confirmed sales from other marketers.
Palladium American Eagles grading Mint State 69 by either PCGS or NGC have been confirmed sold at about $1,200, and MS-70 certified coins from both services are selling in the $1,549 to $1,600 range, dependent on the service and the grading label used in the holder.
Palladium sales
Ron Friedman, president of Manfra, Tordella & Brookes Inc. (MTB Coins) in New York, one of the Mint’s authorized purchasers, said the firm purchased from the Mint its entire, undisclosed allocated amount of palladium Eagles for resale to wholesale buyers.
“Demand was very strong,” Friedman said. “I wish there were more coins available.”
Friedman added: “The release was very limited in scope. We felt obligated to sell our allocation to our loyal wholesale customers and not hold coins back for [third-party] grading.”
Kyle Klosinski, product manager for another Mint authorized purchaser, APMEX Inc., in Oklahoma City, said Oct. 3 “we didn’t get as many as we wanted. They were selling like hotcakes.” Klosinki said some of the allocation was sold wholesale, while retail sales included coins certified by major third-party grading services as well as coins that were not certified.
Klosinski said APMEX also purchased additional coins from other sources to fill customer orders.
“It’s been a balancing act,” he said. “Demand far outpaced supply beyond what the U.S. Mint anticipated.
“We didn’t want to get caught not being able to fill orders.”
The quality of the coins is beyond what Klosinski said he has seen on silver, gold and platinum American Eagle bullion coins. Much of that is due to the palladium coin being struck in high relief and with the coins manually packed in tubes of only 10 coins each, with spacing between coins and cushion material on both ends inside the tube.
Five tubes of 10 coins each were carefully packaged inside “mini monster boxes” containing a total of just 50 coins.
“The Mint paid more attention to the production quality and the handling,” Klosinski said.
In comparison, the American Eagle platinum bullion coins are packaged 100 coins per box, with five tubes of 20 coins each, without any sort of internal cushioning in the tubes.
American Eagle gold and silver bullion coins are robotically tubed, 20 coins per roll, then inserted into monster boxes of 500 coins, with each monster box containing 25 of the 20-coin tubes.
Design mandate
As mandated under provisions of Public Law 111-303, the American Eagle Palladium Bullion Coin Act of 2010, the palladium American Eagle, struck in high relief on both obverse and reverse, bears sculptor Adolph A. Weinman’s Winged Liberty design that first appeared on the Winged Liberty Head dime in 1916. The reverse exhibits Weinman’s eagle reverse from 1906 executed for the American Institute of Architects gold medal, first awarded in 1907.
Production technicians at the Philadelphia Mint used the original reverse plaster model from the AIA medal to execute the reverse dies for the palladium coin.
The palladium bullion coins are not sold directly to the public, but instead to several approved buyers, termed authorized purchasers, firms able to both sell and repurchase the U.S. Mint’s bullion issues, thus offering a two-way market. The authorized purchasers sell the bullion coins into the market.
Found this on YouTube. HSN with Huckster Mike and friend really laying on the hype with a trowel. 24 minutes total length. At 2:49 is his first blooper where he says "As you can see it's West Point mint. W mint on this." I did a spit take when he said that.
ANACS MS70, FDOI $2,199.95 https://youtube.com/watch?v=Hq_PLewC4B0
@Kudbegud said:
Found this on YouTube. HSN with Huckster Mike and friend really laying on the hype with a trowel. 24 minutes total length. At 2:49 is his first blooper where he says "As you can see it's West Point mint. W mint on this." I did a spit take when he said that.
ANACS MS70, FDOI $2,199.95 https://youtube.com/watch?v=Hq_PLewC4B0
Wow, these seem pretty rare at only 127. There are 500 of the Ampex black.
15 K wow problem with that high price it would be almost impossible to make your money back. Wow 15 K and think if you wait 1 year you can get one a proof 2018 from the mint for about $1200.00.
Thank you for posting the video. Much more beautiful than I had anticipated with a gorgeous relief. Happily, the APMEX Black labels are all sold out. I am content I got what I did.
Not since 2009 have I been excited about getting a high relief coin from the mint.
@MilesWaits said:
MCM currently has 29 of the flag first strike 70s.
At $1221 via check, much lower than others.
Down to 28 some one must of jumped on this! Thanks for the heads up.
Looks like everybody got restocked this weekend as APMEX has theirs back but charging $1408.60 by check. and they have their notorious MS-70 PCGS FS, Black Label for $1432.50. In my Opinion I would much rather buy the First Strike label vs the Black label as the cost difference is a few hundered bucks. I think MCM is expecting a much bigger stock inventory to hit their shelf's why else charge the lower price? Lets see hot long this lower price lasts.
Comments
Didn't notice before but the PCGS Black Label is exclusive to APMEX.
Smart marketing move.
Why is the reverse Label upside down?
My pre-order, raw, has shipped
We have a winner! This coin is doing very well, with prices rising on ebay PCGS MS70 First Strikes to $1,800
Some lucky bastid got his hands on 2 proof like coins and they are being offered for $15,000 each
Pop report at PCGS
PCGS--------------------------------------------MS 69--MS 70
2017 $25 Palladium MS----------------------440------941
2017 $25 Palladium First Strike MS------188------698
*updated 10/9
@CaptHenway posted these on the eveningside (PM forum)...
--Severian the Lame
This example looks like it has rim issues, but the coin is awesome! Can hardly wait until the proofs come out in 2018
I have a PCGS First Strike MS70 on the way. $1,344
I have to say that might be the most beautiful reverse design I've ever seen. If the Mint ever starts making these in fractional denominations, I'd be snatching them up at lightning speed.
Unfortunately, $25 is a hard denomination to break down
sarasotanumismatics.com
Obverse: A young depiction of Liberty with winged Phrygian cap, reminiscent of the Roman god Mercury. Adapted from Adolph Weinman's classic design first used on the Mercury Dime in 1916.
Reverse: A majestic eagle perched atop a rock along with the weight, purity and $25 face value. This design, also created by Adolph Weinman, has been used since 1907 on the American Institute of Architects' annual Gold Medal.
Only $14,995 for a Prooflike
We need a depleted uranium coin now!
I just got a few email notices that the Coin's are on the way!
I got my special case all ready to put this one away (forever)!
Correct me if I am wrong but were these made at the Philadelphia Mint? But the mint mark looks like a W. Am I looking in the wrong place or is this actually made at the West Point Mint? TYIA
The W you see is the designers initial
The proposed obverse of the Palladium Eagle features a design based on Adolph A Weinman’s Winged Liberty dime, which has also been called the Mercury dime.
You are correct, it is minted in Philly
So I read next years Proof is coming from West Point. Now if this is the only year they make this coin from the Philadelphia this might become an important purchase. Only time will tell.
I have to say it looks gorgeous.
What does "Designer Union Shield" mean?
It means extra profits to NGC
>
She designed http://www.lyndallbassart.com/2010_shield_cent.html
NGC connection https://www.ngccoin.com/coin-grading/labels/signature-labels/lyndall-bass/
"Lyndall Bass
Nearly every American has seen Lyndall Bass' art, which has graced the reverse of the nearly 50 billion Lincoln Cents struck since 2010. An acclaimed painter,** Bass created the "Union Shield" design** that was selected after the cent celebrated the 200th anniversary of the birth of Abraham Lincoln.
Lyndall Bass individually hand-signs labels exclusively for NGC."
Good info. "Union Shield Cent Designer" would have been more understandable for me.
Palladium American Eagle bullion coins get high grades from services
Many submitted to grading services earning Mint State 70 designations
By Paul Gilkes , Coin World
Published : 10/06/17
The 2017 American Eagle palladium bullion coins are earning significant numbers of perfect grades from examples submitted to third-party grading services.
Images courtesy of Numismatic Guaranty Corp.
Early reports from Professional Coin Grading Service and Numismatic Guaranty Corp. indicate the inaugural 2017 American Eagle palladium bullion coins are of superior quality, with many of the initial submissions grading Mint State 70.
While the coins are being issued as a bullion coin, the palladium American Eagles are being treated on the secondary market as a numismatic issue, with premiums to match.
The year coin collecting in the United States changed forever Also in this week’s print issue of Coin World, we cite the secret weapon for any modern coin researcher or collector interested in how coins are made.
Secondary market promoters were apparently so confident in the anticipated high quality of the coins that many coins were pre-sold on eBay as being certified MS-70 by either service.
The United States Mint sold 15,000 of the 1-ounce .9995 palladium $25 coins through its network of authorized purchasers on Sept. 25. U.S. Mint officials announced Oct. 5 that no more 2017 palladium bullion coins will be struck (all production occurred at the Philadelphia Mint).
The bullion coins are the nation’s first palladium coins of any kind.
NGC, PCGS observations
Max Spiegel, senior vice president of sales and marketing for NGC’s parent, Certified Collectibles Group, said the grading service received its first submissions of the palladium bullion coin on Oct. 2.
“I am told that the quality is exceptional and we are seeing a high percentage of 70s,” Spiegel said.
Mark Salzberg, NGC chairman, said: “I think this is the most exquisite and successful design for a US coin of the modern era. It combines a classic obverse with a powerful reverse in beautiful high relief. The new Palladium American Eagle is truly magnificent.”
PCGS is experiencing similar results. “PCGS has received a significant number of palladium Eagles and more will be arriving this week,” PCGS Vice President Mark Stephenson said Oct. 3 via email. “The coins are very well-made, with most coins receiving PCGS MS-70 grades, and fewer that are receiving PCGS MS-69. A small number of coins are coming in with die flecks or strike throughs, which we also see on other bullion issues. However, we haven’t seen any coins that don’t grade at least PCGS MS-69 thus far.”
When the U.S. Mint offered the coins to authorized purchasers, palladium’s closing spot price was just under $920.
Secondary market prices have ranged from $1,050 to $1,100 for coins not graded by a third party grading service, based on completed eBay sales and confirmed sales from other marketers.
Palladium American Eagles grading Mint State 69 by either PCGS or NGC have been confirmed sold at about $1,200, and MS-70 certified coins from both services are selling in the $1,549 to $1,600 range, dependent on the service and the grading label used in the holder.
Palladium sales
Ron Friedman, president of Manfra, Tordella & Brookes Inc. (MTB Coins) in New York, one of the Mint’s authorized purchasers, said the firm purchased from the Mint its entire, undisclosed allocated amount of palladium Eagles for resale to wholesale buyers.
“Demand was very strong,” Friedman said. “I wish there were more coins available.”
Friedman added: “The release was very limited in scope. We felt obligated to sell our allocation to our loyal wholesale customers and not hold coins back for [third-party] grading.”
Kyle Klosinski, product manager for another Mint authorized purchaser, APMEX Inc., in Oklahoma City, said Oct. 3 “we didn’t get as many as we wanted. They were selling like hotcakes.” Klosinki said some of the allocation was sold wholesale, while retail sales included coins certified by major third-party grading services as well as coins that were not certified.
Klosinski said APMEX also purchased additional coins from other sources to fill customer orders.
“It’s been a balancing act,” he said. “Demand far outpaced supply beyond what the U.S. Mint anticipated.
“We didn’t want to get caught not being able to fill orders.”
The quality of the coins is beyond what Klosinski said he has seen on silver, gold and platinum American Eagle bullion coins. Much of that is due to the palladium coin being struck in high relief and with the coins manually packed in tubes of only 10 coins each, with spacing between coins and cushion material on both ends inside the tube.
Five tubes of 10 coins each were carefully packaged inside “mini monster boxes” containing a total of just 50 coins.
“The Mint paid more attention to the production quality and the handling,” Klosinski said.
In comparison, the American Eagle platinum bullion coins are packaged 100 coins per box, with five tubes of 20 coins each, without any sort of internal cushioning in the tubes.
American Eagle gold and silver bullion coins are robotically tubed, 20 coins per roll, then inserted into monster boxes of 500 coins, with each monster box containing 25 of the 20-coin tubes.
Design mandate
As mandated under provisions of Public Law 111-303, the American Eagle Palladium Bullion Coin Act of 2010, the palladium American Eagle, struck in high relief on both obverse and reverse, bears sculptor Adolph A. Weinman’s Winged Liberty design that first appeared on the Winged Liberty Head dime in 1916. The reverse exhibits Weinman’s eagle reverse from 1906 executed for the American Institute of Architects gold medal, first awarded in 1907.
Production technicians at the Philadelphia Mint used the original reverse plaster model from the AIA medal to execute the reverse dies for the palladium coin.
The palladium bullion coins are not sold directly to the public, but instead to several approved buyers, termed authorized purchasers, firms able to both sell and repurchase the U.S. Mint’s bullion issues, thus offering a two-way market. The authorized purchasers sell the bullion coins into the market.
https://www.coinworld.com/news/precious-metals/2017/10/palladium-american-eagles-exhibit-quality.all.html
Found this on YouTube. HSN with Huckster Mike and friend really laying on the hype with a trowel. 24 minutes total length. At 2:49 is his first blooper where he says "As you can see it's West Point mint. W mint on this." I did a spit take when he said that.
ANACS MS70, FDOI $2,199.95
https://youtube.com/watch?v=Hq_PLewC4B0
Wow, these seem pretty rare at only 127. There are 500 of the Ampex black.
The one with the 127 count is the HSN coin that was selling for a whopping $2200.00 per coin!!!!! Glad I did not buy one at that price.
a tad over priced.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
15 K wow problem with that high price it would be almost impossible to make your money back. Wow 15 K and think if you wait 1 year you can get one a proof 2018 from the mint for about $1200.00.
Good luck to those paying full retail now. It is a bullion coin that is going to be released each year, and not many can afford $2000 coin series.
Thank you for posting the video. Much more beautiful than I had anticipated with a gorgeous relief. Happily, the APMEX Black labels are all sold out. I am content I got what I did.
Not since 2009 have I been excited about getting a high relief coin from the mint.
It's interesting that this is also in an old slab generation.
I wonder if the slab and the label are Photoshopped?
Yeah, I'm thinking the same.
Are we going to post some nice true-view pictures once they start hitting the homes next week of the new coins? TYIA
I am looking forward to seeing them in hand.
Looks like the one I ordered might be in tomorrow. It hit the main city tonight now just needs to deliver 120 plus miles away!
Whats really amazing looks like MCM sold all their coins except for the expensive signature coin. That after raising their prices to $1600 per coin.
https://www.moderncoinmart.com/more/platinum-palladium/american-paladium-eagles/
Looks like they are doing well...
Tomorrow, October 9th, is a postal holiday.
Actual link shown in the jpg snip above
https://about.usps.com/news/events-calendar/2017-postal-holidays.htm
Thank you for that information, now I won't be disappointed when I check the mail later today.
MCM currently has 29 of the flag first strike 70s.
At $1221 via check, much lower than others.
Down to 28 some one must of jumped on this! Thanks for the heads up.
Looks like everybody got restocked this weekend as APMEX has theirs back but charging $1408.60 by check. and they have their notorious MS-70 PCGS FS, Black Label for $1432.50. In my Opinion I would much rather buy the First Strike label vs the Black label as the cost difference is a few hundered bucks. I think MCM is expecting a much bigger stock inventory to hit their shelf's why else charge the lower price? Lets see hot long this lower price lasts.
5 minutes later down to 22 left there moving!
Just bought one as well. Seems like it is a pretty decent price.
Down to 22 it looks like
Down to 8
$1,221 for a PCGS 70 First Strike is a screaming buy. I don't see any on their site?
Keep in mind prior to the price jack-up APMEX had theirs for $1181.40 of course that was on Sept 20th.
So where are they at $1,221?
Sold out now. Hopefully it remains a good price, since I bought one, lol. I also got $50 off, since it was my first purchase!
You scored, Congrats!
Wow unbelievable must of just been a tease cause that was quick! They might have more later today!
I knew so quickly as I asked for the reminder; for those still looking.
Nice score.
I am sort of jealous I am so much in debt over these that I can't even afford to think about buying another but yes Congrats to those that got them!
Boy, that was gift (the FS Flag) from MCM as their few NGC's are back up and ready to buy at $1550.
Darn! I was going to get one!
2 years and a downward facing dog Pd market will likely yield some $1000 FS coins even FDOI, too.