@MsMorrisine said:
2 years and a downward facing dog Pd market will likely yield some $1000 FS coins even FDOI, too.
MsMorrisine are you saying you think the Palladium market is headed on a downward spiral in which will yield some cheaper coins 2 years from now? I am not to familiar on the mining of Palladium or where it comes from. Sort of a Bullish thought don't know if you will be right. I guess I should look into this metal. TYIA!
80% of Palladium is used in cars, expected to go to 0 in 5-10 years. I want one of these but long term it could be a dog if it follows the metal or a deal because of the mintage. Who knows? Most Platinum is used in diesel vehicles (I believe), but Platinum also has a long term history in jewelry...I'm not buying that either.
Yes that was interesting. It was at $1221 10 minutes ago and now it is up to the high price. Which makes sense compared all the other NGC and PCGS 70s.
It is interesting going back to this original thread when the coin was yet to be released. And then around September 25 when and you could pre buy it and predictions were being made.
@jmlanzaf said:
Honestly, if there was a proof tenth ounce palladium coin, I'd buy several.
A bullion one ounce coin...I'd only pay spot + 1% as a tradeable investment. I wouldn't pay a premium to store it for years.
I don't think they care what you'd be willing to pay. 1% over wouldn't even cover their costs to mint one. If people here don't like them, then don't buy one. There's a lot bigger customer base for mint products than this board.
Mint charged disctributors 6.25 over spot to distributors for the Palladium coin> @wondercoin said:
"Apmex confirmed the 15,000 mintage limit and stated they are selling out of their inventory.
Sounds like this may be a winner"
Possible mintage progression (if it following platinum) ....
Year 1: 15,000 - 20,000 - everyone excited for about 1 year or so. "Pump and dump" baby!!
Year 2 or 3: 10,000 - folks pointing out how good these coins are now.
Year 4 or 5: 8,000 - now newbies really getting excited about these. Many others upset again about the progression.
Year 6 or 7: 5,000-7,000 - most folks not around anymore to even be excited about these low mintage coins, but some diehards like the possibilities for this year's mintage (and don't want to think about the prior years' coins). Prior years MS69 coins become mostly "scrap" at this point. MS70's have great potential if they were actually hard to make in the first place. Anyone think there will only be 1 or 2 MS70 of these 2017 Palladium coins as there were with 1997 first year platinum coins??
Could I be dead wrong - of course, But, total coins I bought today - 0. I may pick up some 70's if and when I get an order for some. Or, if and when Palladium spot goes down (if it does).
As always, just my two cents.
Wondercoin
LOL ..folks the Mint Palladium coin has doubled in price in 12 days .. Some trying to throw some cold water on coin.....Now talking years out ?
If you have the coin sell it ... if you missed out ? oh well .... most likely the best Mint product
@jmlanzaf said:
Honestly, if there was a proof tenth ounce palladium coin, I'd buy several.
A bullion one ounce coin...I'd only pay spot + 1% as a tradeable investment. I wouldn't pay a premium to store it for years.
I don't think they care what you'd be willing to pay. 1% over wouldn't even cover their costs to mint one. If people here don't like them, then don't buy one. There's a lot bigger customer base for mint products than this board.
Mint charged disctributors 6.25 over spot to distributors for the Palladium coin> @wondercoin said:
"Apmex confirmed the 15,000 mintage limit and stated they are selling out of their inventory.
Sounds like this may be a winner"
Possible mintage progression (if it following platinum) ....
Year 1: 15,000 - 20,000 - everyone excited for about 1 year or so. "Pump and dump" baby!!
Year 2 or 3: 10,000 - folks pointing out how good these coins are now.
Year 4 or 5: 8,000 - now newbies really getting excited about these. Many others upset again about the progression.
Year 6 or 7: 5,000-7,000 - most folks not around anymore to even be excited about these low mintage coins, but some diehards like the possibilities for this year's mintage (and don't want to think about the prior years' coins). Prior years MS69 coins become mostly "scrap" at this point. MS70's have great potential if they were actually hard to make in the first place. Anyone think there will only be 1 or 2 MS70 of these 2017 Palladium coins as there were with 1997 first year platinum coins??
Could I be dead wrong - of course, But, total coins I bought today - 0. I may pick up some 70's if and when I get an order for some. Or, if and when Palladium spot goes down (if it does).
As always, just my two cents.
Wondercoin
LOL ..folks the Mint Palladium coin has doubled in price in 12 days .. Some trying to throw some cold water on coin.....Now talking years out ?
If you have the coin sell it ... if you missed out ? oh well .... most likely the best Mint product
I think Wondercoin's point is that this follows the progression of Platinum Eagles. Remember when those used to be good? Some of those Platinum coins are downright SCARCE!!! But no one wants them.
The 1997 platinum coin sold 176,000 (all sizes) UNC and 90,000 (all sizes) proofs.
In 1998, those numbers went to 244,000 UNC and 64,000 proofs.
And then...
1999 - 185,000 UNC and 56,000 proofs
2000 - 83,000 UNC and 51,000 proofs
By 2007 they were down to 35,000 UNC and 47,000 PROOF
2008 - 75,000 UNC and 17,000 PROOF
then the wheels came off. The eliminated fractionals
2009 - No UNCs and 8,000 proof
2010 - NO UNCS and 10,000 proofs
etc.
These days, they do 20,000 UNCS and generally around 5,000 proofs.
And the secondary market is pathetic on these. The UNCs are $50 to $100 over spot. Wholesale is spot.
Was this a great flip? Yes. But anyone who put this in their collection will probably see the premium shrink significantly in coming years.
Bestday: My post clearly states that the possible mintage progression in my view would be as stated "if it followed platinum". One question will be whether it does follow platinum or, for some reason, is completely different.
I also stated that I would pick up graded 70 coins if my customers asked me for them and I did, I am not sure the coin "doubled in 12 days". They came out around $1,250 - $1,300 for 70FS) and as of a day or two ago, there were coins available for well under $2,500/coin - right? Heck, I just read that Apmex priced some in the $1,650 - $1,900/coin range. When I bought my last batch of 70FS for my customers last week I left coins behind well below that range as well.
That said, the coin has performed very nicely out of the box and has likely exceeded the expectations of most (including myself) or I assume they would not have priced the coins where they did in the first place.
As always, just my 2 cents.
Wondercoin
Edited to add ... if anyone has any PCGS 70 grade coins available to sell, I can use some more. Thanks!
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Someone posted earlier about it it looking like a finning had folded over or something on the rim. One of my raws had that today tool. I touched it with a qtip and it flaked off, lol. Wonder if it still has a shot at a 70??
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Anyone know what the authorized purchasers paid for these? Did they all pay the same or was it the more you purchased the better the pricing? By the way the black labels are now out of stock.
@wondercoin said:
Bestday: My post clearly states that the possible mintage progression in my view would be as stated "if it followed platinum". One question will be whether it does follow platinum or, for some reason, is completely different.
I also stated that I would pick up graded 70 coins if my customers asked me for them and I did, I am not sure the coin "doubled in 12 days". They came out around $1,250 - $1,300 for 70FS) and as of a day or two ago, there were coins available for well under $2,500/coin - right? Heck, I just read that Apmex priced some in the $1,650 - $1,900/coin range. When I bought my last batch of 70FS for my customers last week I left coins behind well below that range as well.
That said, the coin has performed very nicely out of the box and has likely exceeded the expectations of most (including myself) or I assume they would not have priced the coins where they did in the first place.
As always, just my 2 cents.
Wondercoin
Edited to add ... if anyone has any PCGS 70 grade coins available to sell, I can use some more. Thanks!
I bet almost every one of these gets graded. The APs probably have limits on what they can sell them for raw and I imagine the early coins graded were mainly to cover grading costs with a little juice. Now that they are hot, the TPG’s are seeing the rest in inventory from the APs.
Although the prices may stabilize, I imagine the populations will rise substantially.
@wondercoin said:
Bestday: My post clearly states that the possible mintage progression in my view would be as stated "if it followed platinum". One question will be whether it does follow platinum or, for some reason, is completely different.
I also stated that I would pick up graded 70 coins if my customers asked me for them and I did, I am not sure the coin "doubled in 12 days". They came out around $1,250 - $1,300 for 70FS) and as of a day or two ago, there were coins available for well under $2,500/coin - right? Heck, I just read that Apmex priced some in the $1,650 - $1,900/coin range. When I bought my last batch of 70FS for my customers last week I left coins behind well below that range as well.
That said, the coin has performed very nicely out of the box and has likely exceeded the expectations of most (including myself) or I assume they would not have priced the coins where they did in the first place.
As always, just my 2 cents.
Wondercoin
Edited to add ... if anyone has any PCGS 70 grade coins available to sell, I can use some more. Thanks!
Raw coins ,,,,,plus 70 grading fees = like in 75 coins
@morgansforever said:
Anyone know what the authorized purchasers paid for these? Did they all pay the same or was it the more you purchased the better the pricing? By the way the black labels are now out of stock.
Looks like the 10 distributors paid $980..... Proof version comes out in 2018
@morgansforever said:
Anyone know what the authorized purchasers paid for these? Did they all pay the same or was it the more you purchased the better the pricing? By the way the black labels are now out of stock.
Looks like the 10 distributors paid $980
How does one become a distributor? Senator? Friend of somebody and have big pockets? Just wondering. Sounds like the Distributors made bank!
@morgansforever said:
Anyone know what the authorized purchasers paid for these? Did they all pay the same or was it the more you purchased the better the pricing? By the way the black labels are now out of stock.
Looks like the 10 distributors paid $980
How does one become a distributor? Senator? Friend of somebody and have big pockets? Just wondering. Sounds like the Distributors made bank!
The United States Mint has a very specific approval process, with a set of demanding requirements to become Authorized Purchasers of United States Mint gold and platinum bullion coins. APMEX is in the company of esteemed businesses such as Deutsche Bank of Germany, Commerzbank International of Luxembourg, Prudential Securities, HSBC and a few other select companies.
Thank you Kudbegud, I did not know APMEX was one and I remember seeing the list of the 12 that were going to get the Palladium Coins. I don't remember being one of them.
For $50 I would go the PCGS route. Shouldn't matter but it does. Why fight City Hall
Personally I'll wait until the smoke clears and hope this reel back in to the $1500 range. If they don't they don't. Can't get them all
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I just found 5 raw and 5 graded by PCGS-69 for the $1530 or some thing like that ea at Liberty coins. They have some others but I think they are around the asking price on the bay.
@Paradisefound said:
I just could not see myself shelling that much; probably 75% max over the spot for MS70.
Paying $800 over spot for MS 70s is very dangerous. Good luck. I have learned my lessons from past purchases. Stay away from the hype. It is a beautiful coin and best to buy raw if you really want one. If the design does not change in a few years, maybe buy then.
@Paradisefound said:
I just could not see myself shelling that much; probably 75% max over the spot for MS70.
Paying $800 over spot for MS 70s is very dangerous. Good luck. I have learned my lessons from past purchases. Stay away from the hype. It is a beautiful coin and best to buy raw if you really want one. If the design does not change in a few years, maybe buy then.
2016 Platinum is around $1250, so this is some kind of hyped bubble IMHO
Comments
MsMorrisine are you saying you think the Palladium market is headed on a downward spiral in which will yield some cheaper coins 2 years from now? I am not to familiar on the mining of Palladium or where it comes from. Sort of a Bullish thought don't know if you will be right. I guess I should look into this metal. TYIA!
Unknown
That was a hypothetical
Check out long term charts and you'll see large price swings. +/- $200 in months are easy moves for Pd.
MCM is back with 26 more of the first strike 70 flags at $1221.
80% of Palladium is used in cars, expected to go to 0 in 5-10 years. I want one of these but long term it could be a dog if it follows the metal or a deal because of the mintage. Who knows? Most Platinum is used in diesel vehicles (I believe), but Platinum also has a long term history in jewelry...I'm not buying that either.
They must of made a mistake today as they have raised the price now to $1645.00 each. I wonder if they will try and claim the earlier sales today were by mistake and try and back out?
I am sure they won't do that but prices are back up.
https://www.moderncoinmart.com/2017-1-oz-high-relief-palladium-american-eagle-25-coin-pcgs-ms70-fs-flag-label.html
Yes that was interesting. It was at $1221 10 minutes ago and now it is up to the high price. Which makes sense compared all the other NGC and PCGS 70s.
I doubt they would back out. That would be bad form. One thing is for sure, JWitten got a killer deal today.
I paid with card, so it wasn't as good as it could have been though. Still, $50 off and free shipping, put it right at $1,209.
They are $1,695 plus shipping
Where are you getting these at that price?
They had them earlier, but already sold out at that price.
It is interesting going back to this original thread when the coin was yet to be released. And then around September 25 when and you could pre buy it and predictions were being made.
Mint charged disctributors 6.25 over spot to distributors for the Palladium coin> @wondercoin said:
LOL ..folks the Mint Palladium coin has doubled in price in 12 days .. Some trying to throw some cold water on coin.....Now talking years out ?
If you have the coin sell it ... if you missed out ? oh well .... most likely the best Mint product
APMEX just got 19 more back and kept there $1650.00 to 1700.00 price. I wanted another Black Label so I wont jump on this one.
https://www.apmex.com/search?q=2017 1 oz Palladium American Eagle MS-70 PCGS (First Strike)
I think Wondercoin's point is that this follows the progression of Platinum Eagles. Remember when those used to be good? Some of those Platinum coins are downright SCARCE!!! But no one wants them.
The 1997 platinum coin sold 176,000 (all sizes) UNC and 90,000 (all sizes) proofs.
In 1998, those numbers went to 244,000 UNC and 64,000 proofs.
And then...
1999 - 185,000 UNC and 56,000 proofs
2000 - 83,000 UNC and 51,000 proofs
By 2007 they were down to 35,000 UNC and 47,000 PROOF
2008 - 75,000 UNC and 17,000 PROOF
then the wheels came off. The eliminated fractionals
2009 - No UNCs and 8,000 proof
2010 - NO UNCS and 10,000 proofs
etc.
These days, they do 20,000 UNCS and generally around 5,000 proofs.
And the secondary market is pathetic on these. The UNCs are $50 to $100 over spot. Wholesale is spot.
Was this a great flip? Yes. But anyone who put this in their collection will probably see the premium shrink significantly in coming years.
To late APMEX just raised priced 200 bucks now $1811.00 to $1887.00 for the NGC!
https://www.apmex.com/search?q=2017 1 oz Palladium American Eagle MS-70 PCGS (First Strike)
Thank you Miles
And that is NGC; the PCGS is holding stronger in aftermarket, as would be expected.
Bestday: My post clearly states that the possible mintage progression in my view would be as stated "if it followed platinum". One question will be whether it does follow platinum or, for some reason, is completely different.
I also stated that I would pick up graded 70 coins if my customers asked me for them and I did, I am not sure the coin "doubled in 12 days". They came out around $1,250 - $1,300 for 70FS) and as of a day or two ago, there were coins available for well under $2,500/coin - right? Heck, I just read that Apmex priced some in the $1,650 - $1,900/coin range. When I bought my last batch of 70FS for my customers last week I left coins behind well below that range as well.
That said, the coin has performed very nicely out of the box and has likely exceeded the expectations of most (including myself) or I assume they would not have priced the coins where they did in the first place.
As always, just my 2 cents.
Wondercoin
Edited to add ... if anyone has any PCGS 70 grade coins available to sell, I can use some more. Thanks!
3 raws arrived today... here's hoping for at least one 70! My guess is they have already been picked through, but one sure did look spotless to me.
APMEX Black Label 70 is back up at $1900 and change...
Someone posted earlier about it it looking like a finning had folded over or something on the rim. One of my raws had that today tool. I touched it with a qtip and it flaked off, lol. Wonder if it still has a shot at a 70??
I'm sure glad I got these before that HAPPENED.
Yeah, so am I glad I struck early.
Is it the lighting or do those have differing appearances?
Nice Bullsitter, I'm waiting for my 1 Black label to ship. What year is your stang? I know it's not a 14.
Back in stock
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Anyone know what the authorized purchasers paid for these? Did they all pay the same or was it the more you purchased the better the pricing? By the way the black labels are now out of stock.
The reverse design is awesome... is that being used on a more affordable metal type?
i just wanted to share this one came in today.
I just wish I could take better pictures is there any tricks in doing this?
>
Looks like there ALL SOLD OUT! AGAIN!
Agree with you on all counts
I bet almost every one of these gets graded. The APs probably have limits on what they can sell them for raw and I imagine the early coins graded were mainly to cover grading costs with a little juice. Now that they are hot, the TPG’s are seeing the rest in inventory from the APs.
Although the prices may stabilize, I imagine the populations will rise substantially.
Raw coins ,,,,,plus 70 grading fees = like in 75 coins
They got 15 left so they sold 4 at this price $1816.00 w/check to $1891.00 / wire.
Looks like the 10 distributors paid $980..... Proof version comes out in 2018
How does one become a distributor? Senator? Friend of somebody and have big pockets? Just wondering. Sounds like the Distributors made bank!
I am still waiting for APMEX to send me my First Strike Black Label. I hope they don't cancel my order!
Its been 5 days. 
Read this Press Release from APMEX on becoming an Authorized Purchaser: https://apmex.com/pressreleases/apmex-becomes-authorized-gold-purchaser-from-u-s-mint
The United States Mint has a very specific approval process, with a set of demanding requirements to become Authorized Purchasers of United States Mint gold and platinum bullion coins. APMEX is in the company of esteemed businesses such as Deutsche Bank of Germany, Commerzbank International of Luxembourg, Prudential Securities, HSBC and a few other select companies.
Thank you Kudbegud, I did not know APMEX was one and I remember seeing the list of the 12 that were going to get the Palladium Coins. I don't remember being one of them.
ps I like your name nice rythm!
I am in communication with a dealer selling several label types of this Palladium Eagle.
Everything being the same, which label would you guys (or gals) perceived to be more collectible?
After this resolution, I just need to find a way to hide the credit bill from my wife...
For $50 I would go the PCGS route. Shouldn't matter but it does. Why fight City Hall
Personally I'll wait until the smoke clears and hope this reel back in to the $1500 range. If they don't they don't. Can't get them all
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I just could not see myself shelling that much; probably 75% max over the spot for MS70.
They're a little different.
I just found 5 raw and 5 graded by PCGS-69 for the $1530 or some thing like that ea at Liberty coins. They have some others but I think they are around the asking price on the bay.
Hoard the keys.
I want to pull the trigger on a 69 but hate buying with stock pictures, guess it really doesn't matter.
Only PCGS 70s . They are getting more in after sale market ..vs NGC 70s
Paying $800 over spot for MS 70s is very dangerous. Good luck. I have learned my lessons from past purchases. Stay away from the hype. It is a beautiful coin and best to buy raw if you really want one. If the design does not change in a few years, maybe buy then.
Box of 20
2016 Platinum is around $1250, so this is some kind of hyped bubble IMHO
This auction ends in about 9 hours.
https://m.ebay.com/itm/2017-P-Palladium-Eagle-25-1oz-PCGS-MS70-FDOI-STRUCK-AT-PHILADELPHIA-LABEL-/302496904874
It's up to $1,800.00 IT has the Green Label with ONLY 10 GRADED for the Population Report.
2017-(P) Palladium Eagle $25 1oz PCGS MS70 FDOI STRUCK AT PHILADELPHIA LABEL