I would imagine the big dealers are still buying a few.
Pinehurst sold 70 NGC’s recently for $1789, to be shipped at later date.
So far, waiting has worked.
@BackroadJunkie said:
9/22/2019 2019 AM EAGLE PALLADIUM PROOF 1 OZ 13319
9/29/2019 2019 AM EAGLE PALLADIUM PROOF 1 OZ 14733
Those sales are more than the gold or platinum proof this year. I think it is ironic the sales are in the 15,000 range.
I also can say for sure there are more returns on the way back to the Mint, that have not yet been counted. And I still have not received a return label in my email. Call twice a week, same answer, "very busy with returns, keep waiting".
Wow, Goldminer, that is ridiculously slow return service, even for the Mint.
They bill your card in mere nano seconds and then “no rush, we’re busy” is your answer to a return. Sounds more like a business going out of business.
I am feeling even more comfortable buying in the secondary market, graded, especially considering the very high premium they have put on recent issues that has tended to evaporate over time.
Just called again and now the Mint says they don't send return labels for this now, but that they have UPS do it and they will "email" me a return label and they gave me a UPS tracking number??? So I check UPS tracking and says shipment ready for UPS, will update tracking when "It arrives at our facility" and on the side says 1 pound UPS ground label.
Has this happened to anyone else? Wait two weeks for an emailed label, now looks like it will ship UPS ground for a return label??? Amazing.
No that has not happened to me. They send out an email in a week or so with a label and they don’t refer me directly to UPS.
Sounds like they are running amok.
The new Mint price is $300 more than I paid for an NGC 69 from Pinehurst. Wow!
I may get a black label PCGS 70 later but for now I couldn’t pass up their deal.
And with spot tonight touching $1700....
After 21 Days in 2018 there had been 146 bay sales in OGP that Averaged $2,430.48; UP 75.2% from Launch price of $1,387.50
After 21 Days in 2019 there have been 4 bay sales in OGP that Averaged $1,819.00; DOWN 8.5% from Launch price of $1,987.50
…SO…In 2018 there were 14,796 Proof Palladium’s Sold Launch week and After 21 Days there were 146 OGP Sold on the bay at an Average Price of $2,430.48
…SO…In 2019 there were 16,690 Reverse Proof Palladium’s Sold Launch week and After 21 Days there have been 4 OGP Sold on the bay at an Average Price of $1,819.00
…SO…Spot Palladium is UP $627.00/oz. Launch 2019 vs. Launch 2018 and bay sales price of the 2019 OGP Reverse Proof is on Average DOWN $611.48 vs. 2018 OGP Proof Palladium
…SO…That’s the Difference between 15k mintage and a Stated 30k mintage…
After 21 Days in 2018 there had been 146 bay sales in OGP that Averaged $2,430.48; UP 75.2% from Launch price of $1,387.50
After 21 Days in 2019 there have been 4 bay sales in OGP that Averaged $1,819.00; DOWN 8.5% from Launch price of $1,987.50
…SO…In 2018 there were 14,796 Proof Palladium’s Sold Launch week and After 21 Days there were 146 OGP Sold on the bay at an Average Price of $2,430.48
…SO…In 2019 there were 16,690 Reverse Proof Palladium’s Sold Launch week and After 21 Days there have been 4 OGP Sold on the bay at an Average Price of $1,819.00
…SO…Spot Palladium is UP $627.00/oz. Launch 2019 vs. Launch 2018 and bay sales price of the 2019 OGP Reverse Proof is on Average DOWN $611.48 vs. 2018 OGP Proof Palladium
…SO…That’s the Difference between 15k mintage and a Stated 30k mintage…
Are those raw prices or slabbed?
It's worth noting how much the premium on the 2018 coin has shrunk - as well as the price. The coins (raw) currently sell for $2000-$2200 which is barely changed from a year ago despite the $700 higher palladium price.
US mint priced the proof , reverse proof to keep most of the profit for themselves.. Big profits from Mint products ….. for flippers ......thinning out
@bestday said:
US mint priced the proof , reverse proof to keep most of the profit for themselves.. Big profits from Mint products ….. for flippers ......thinning out
The Mint Lost money on the 2017 Bullion Palladium, my Guess is the Mint Lost money on the 2018 Proof Palladium and Will Lose even more money on the 2019 Reverse Proof Palladium...
@MilesWaits said:
Riddle me this: how can Pinehurst sell the RP for $1789 when original Mint pricing was at $2000?
The bay shows that Pinehurst has Currently sold 24 Graded 70 coins. 3 Sold @ $2,895.00. Most have Sold as “accepted “, however, when BIN prices are Listed @ $2,449.00, $2,895.00 and $2,995.00, it doesn’t take that many “accepted” offers to offset the Losses incurred on the Loss Leader 69’s they originally sold...
That is a huge loss. I haven’t seen previous issues willing to lose that much that quickly. As a percentage of the total price. I am happy that I was also able to get a tenth ounce NGC 69 gold liberty for $180 when the current issue price is still $235.
Helluva loss leader.
@MilesWaits said:
That is a huge loss. I haven’t seen previous issues willing to lose that much that quickly. As a percentage of the total price. I am happy that I was also able to get a tenth ounce NGC 69 gold liberty for $180 when the current issue price is still $235.
Helluva loss leader.
“Helluva loss leader”. Look at bay sales and tell me what you would do with a bunch of 69s that you have to move? A raw OGP coin went today @ auction for $1,800.00. A PCGS 70 went today for $2,251.00 and another PCGS 70 went for $2,276.00.
Once the window for returns closes, and you have inventory to move, you move ‘em for what the market will bear. I would Not buy one of the 69s at the price you paid because I see the market getting a Lot weaker than it is currently...
And I received mine from Pinehurst today, NGC 69, and pictures do not do any of these palladium eagles justice. I am so glad to have the continuing Pd Eagle in this set.
I like how they are displayed in these slabs (NGC and especially PCGS), now.
By creating space between the edge of the coin (via the prongs) and the solid slab makes a positive visual difference.
Comments
nice profit from 1st 2 Pas
Careful here,,,,, PA might be in for a fast sharp drop
Huh. Wasn't expecting a +1,414. Wonder if the new price will affect next week's sales...
9/22/2019 2019 AM EAGLE PALLADIUM PROOF 1 OZ 13319
9/29/2019 2019 AM EAGLE PALLADIUM PROOF 1 OZ 14733
+1,414 Read the Break. Played the Break
I Read the Break, and Didn’t Play the Break
I DO applaud those that Waited and Played the Break (Even IF I don’t agree with the Read)…
I would imagine the big dealers are still buying a few.
Pinehurst sold 70 NGC’s recently for $1789, to be shipped at later date.
So far, waiting has worked.
Those sales are more than the gold or platinum proof this year. I think it is ironic the sales are in the 15,000 range.
I also can say for sure there are more returns on the way back to the Mint, that have not yet been counted. And I still have not received a return label in my email. Call twice a week, same answer, "very busy with returns, keep waiting".
My US Mint Commemorative Medal Set
Wow, Goldminer, that is ridiculously slow return service, even for the Mint.
They bill your card in mere nano seconds and then “no rush, we’re busy” is your answer to a return. Sounds more like a business going out of business.
I am feeling even more comfortable buying in the secondary market, graded, especially considering the very high premium they have put on recent issues that has tended to evaporate over time.
Just called again and now the Mint says they don't send return labels for this now, but that they have UPS do it and they will "email" me a return label and they gave me a UPS tracking number??? So I check UPS tracking and says shipment ready for UPS, will update tracking when "It arrives at our facility" and on the side says 1 pound UPS ground label.
Has this happened to anyone else? Wait two weeks for an emailed label, now looks like it will ship UPS ground for a return label??? Amazing.
My US Mint Commemorative Medal Set
The 2019 Reverse Proof Palladium will be re-priced this afternoon between 1 and 3 PM ET to $2,087.50...
No that has not happened to me. They send out an email in a week or so with a label and they don’t refer me directly to UPS.
Sounds like they are running amok.
What happened in Pennsylvania? Earthquake, flood...?
This is going to be a shor-lived series. At least the proof platinum series has a different reverse each year.
Did it weigh a pound? My email server must be on a diet.
My US Mint Commemorative Medal Set
Another New High
Closed UP $29
@cagcrisp is correct with his new pricing tomorrow of $2,087.50. Up $100 from original issue price on 9/12.
The new Mint price is $300 more than I paid for an NGC 69 from Pinehurst. Wow!
I may get a black label PCGS 70 later but for now I couldn’t pass up their deal.
And with spot tonight touching $1700....
pallidum
futures symbol PA
Yike!
That's exactly doubled of what some of us paid for the bullion version just 2 years ago in early October, 2017.
Any PCGS true views for these yet?
I am curious on how our hosts showcase the reverse proof in their house images.
It's all about what the people want...
Need the cert #s to get the TV but some have been imaged.
https://www.pcgs.com/coinfacts/coin/2019-w-25-palladium-reverse-proof/802175
Thanks hemispherical, I was curious and typed in all the ones from eBay I saw this morning but none had the TVs.
It's all about what the people want...
21 Days 2018 vs. 21 Days 2019
Proof Palladium vs. Reverse Proof Palladium
$1,387.50 Launch price 2018 vs. $1,987.50 Launch price 2019
3 weeks sales numbers 2018 = 14,733 vs. 3 weeks sales numbers 2019 = 14,881
Spot Palladium 2018 Launch = $971.00 vs, Spot Palladium 2019 Launch = $1,598.00
After 21 Days in 2018 there had been 146 bay sales in OGP that Averaged $2,430.48; UP 75.2% from Launch price of $1,387.50
After 21 Days in 2019 there have been 4 bay sales in OGP that Averaged $1,819.00; DOWN 8.5% from Launch price of $1,987.50
…SO…In 2018 there were 14,796 Proof Palladium’s Sold Launch week and After 21 Days there were 146 OGP Sold on the bay at an Average Price of $2,430.48
…SO…In 2019 there were 16,690 Reverse Proof Palladium’s Sold Launch week and After 21 Days there have been 4 OGP Sold on the bay at an Average Price of $1,819.00
…SO…Spot Palladium is UP $627.00/oz. Launch 2019 vs. Launch 2018 and bay sales price of the 2019 OGP Reverse Proof is on Average DOWN $611.48 vs. 2018 OGP Proof Palladium
…SO…That’s the Difference between 15k mintage and a Stated 30k mintage…
All raw coin prices...
US mint priced the proof , reverse proof to keep most of the profit for themselves.. Big profits from Mint products ….. for flippers ......thinning out
The Mint Lost money on the 2017 Bullion Palladium, my Guess is the Mint Lost money on the 2018 Proof Palladium and Will Lose even more money on the 2019 Reverse Proof Palladium...
Riddle me this: how can Pinehurst sell the RP for $1789 when original Mint pricing was at $2000?
The bay shows that Pinehurst has Currently sold 24 Graded 70 coins. 3 Sold @ $2,895.00. Most have Sold as “accepted “, however, when BIN prices are Listed @ $2,449.00, $2,895.00 and $2,995.00, it doesn’t take that many “accepted” offers to offset the Losses incurred on the Loss Leader 69’s they originally sold...
That is a huge loss. I haven’t seen previous issues willing to lose that much that quickly. As a percentage of the total price. I am happy that I was also able to get a tenth ounce NGC 69 gold liberty for $180 when the current issue price is still $235.
Helluva loss leader.
Palladium coins are Not subject to the Mint’s bulk discount program...
“Helluva loss leader”. Look at bay sales and tell me what you would do with a bunch of 69s that you have to move? A raw OGP coin went today @ auction for $1,800.00. A PCGS 70 went today for $2,251.00 and another PCGS 70 went for $2,276.00.
Once the window for returns closes, and you have inventory to move, you move ‘em for what the market will bear. I would Not buy one of the 69s at the price you paid because I see the market getting a Lot weaker than it is currently...
No Sir...
I haven’t bought my first RP coin yet. If the mintage had been set at 15,000, I was looking to buy 200-250+ Coins easy I suspect.
Wondercoin
Grade Is In !
After the hit I took on the Au & Ag Liberties the grading gods have smiled at me to lessen the sting.
Congrats @Kudbegud!
Definitely positive premium on that one.
19EK 2019 AM EAGLE PALLADIUM PROOF 1 OZ 14,788 + 55
I'm expecting a Negative number on this weeks sales numbers. Returns should be showing up...
$1708 spot, uh huh.
A new high once again
Mine came back in a black storage box which seems to have replaced the usual blue one.
https://pcgs.com/store/p-20-pcgs-plastic-storage-box.aspx
And I received mine from Pinehurst today, NGC 69, and pictures do not do any of these palladium eagles justice. I am so glad to have the continuing Pd Eagle in this set.
I like how they are displayed in these slabs (NGC and especially PCGS), now.
By creating space between the edge of the coin (via the prongs) and the solid slab makes a positive visual difference.
Spot Pd is $1722 !
How high will it go? Is it time to sell?