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U.S. Mint seeks vendors for palladium coin planchets
CaptHenway
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Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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"Huizenga’s legislation also includes the mandate that all numismatic versions of the American Eagle silver coins dated 2016, other than the bullion release, bear a smooth instead of reeded edge, on which an incuse inscription denoting the 30th anniversary of the American Eagle silver dollar series will appear."
I can imagine errors showing up with reeded edges and incluse inscription problems already. Let the show begin.
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Very interesting. That may explain the delay in the silver uncs, and proofs which still are TBD in the product schedule.
"Huizenga’s legislation also includes the mandate that all numismatic versions of the American Eagle silver coins dated 2016, other than the bullion release, bear a smooth instead of reeded edge, on which an incuse inscription denoting the 30th anniversary of the American Eagle silver dollar series will appear."
I can imagine errors showing up with reeded edges and incluse inscription problems already. Let the show begin.
I can see all kinds of errors in the material from outside vendors.
I can also see errors on the incused inscriptions. They proved how good they are with the presidential coins.
As a proponent of a Palladium bullion Mint product I will be following as this progresses.
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More parties, palladium is now invited.
They already use outside vendors for planchets of many types of coins (Silver Eagles for example). However, I don't think it has impacted planchet quality. If anything, the private sector should be producing much better quality planchets than the Mint!
They already use outside vendors for planchets of many types of coins (Silver Eagles for example). However, I don't think it has impacted planchet quality. If anything, the private sector should be producing much better quality planchets than the Mint!
Yes the mint has done this in the past but it didn't work out very well. We'll see.
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I foresee a flipping frenzy on the horizon..... Cheers, RickO
"Mint officials have not disclosed when they plan to offer the bullion coin, which will be sold through the established network of authorized purchasers already approved to buy American Eagle and American Buffalo bullion coins."
Yeah, via the APs, remember the 2010 5 oz silver AP bullion release? Jacked up prices, long lines in the financial district of NYC, coins not sold until after TPG grading, this 2016
AE palladium release will be a cluster...MHO
did you mean affected planchet quality?? I think the impact takes place when the coin is produced.
Anyone hear anything further on this? I haven't seen anything over the last few months in regards to palladium Eagles.
I've wondered the same lately.
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Russia is the world leader in Palladium production ( 2. South Africa, 3. Canada 4. USA) so they are probably pleased since it should increase demand.
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There was a Coin World article saying 2017 might be the year these are released. Also, sdbullion has a page on them and plan on selling some when released.
http://www.coinworld.com/news/precious-metals/2017/02/palladium-american-eagle-strong-contender-for-2017.all.html
They will have 3 suppliers up and running to feed the 2 collectors that are interested
Well they've already begun work on preparing the design in their digital sculpting program.
Check out this video. It shows the process of digitally scanning the original plaster model of the AIA medal by Weinman. This is the design that they plan to use for the reverse of the palladium bullion coin. I thought about posting this video as its own thread back when it was first released, but I never got around to it.
I say BS, the day the US Mint makes a palladium coin, you know what will freeze over.
Huge waste of time, money and talent -- all to support some political donor in Montana. Graft at its malevolent best.
I only own palladium sponge at this time - would like to add some US palladium coins.
But I understand that palladium is very hard - perhaps it will be hard for the mint to strike high relief coins from a tough material.
It will be interesting and I look forward to buying some.
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That is a beautiful design though.... I really like it. Did you notice, near the end of the video, the lady leaning her arm on the master... I wonder if sleeve buttons can scratch the surface of that material?? Cheers, RickO
Can't agree more!
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