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PALLADIUM hits $1393...what was Mint price
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Palladium passes gold price ….What was Mint price for the 2017 palladium coin from US Mint
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Palladium passes gold price ….What was Mint price for the 2017 palladium coin from US Mint
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$1387 for the 2018
Which will put the 2019 price at somewhere around $1700 to $1800 from the Mint. Given that the 2018 coins are still in the $1900 to $2000 range, the premium on the coin has shrunk considerably over the last year. I would be careful of trying to flip the 2019, depending on the mintage numbers.
One couldn't purchase the 2017 Pd Eagles directly from the mint. They were distributed to the Mint's approved list of PM distributors. Initial pricing from them was in the $1030-ish.
Palladium has eclipsed gold for a few weeks now....Either supply in question or a new, major application...Cheers, RickO
I enjoyed the 2018 frenzy and probably should look for 2017 while secondary is still somewhat soft.
$1450, uh huh, uh huh.
From CNBC today:
Spot palladium surged to a record $1,567.5 an ounce earlier in the session. The metal was trading 0.19 percent higher at $1,560.89 at 12:55 p.m. EST.
"There is (also) some concern that talk of possible scrap metal export ban in Russia could impact already extremely stretched palladium supplies," Wong said.
With the intention of promoting domestic refining of materials, Russia's trade and industry ministry is considering banning exports of precious metals scrap and tailings from the country, the world's largest producer of palladium, local newspaper Kommersant reported.
The price of the metal, used mainly in emissions-reducing catalysts for vehicles, has risen almost 90 percent from a trough in mid-August last year and is up about 24 percent so far this year.
"Palladium is starting to reach lofty levels off of which it could correct a bit in the short term," said David Meger, director of metals trading at High Ridge Futures.