What would you do with $800

Easy, 1916D

 

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That's why I invest in sports gambling. Was really bad at first, but kept at it, now sports gambling is one of my best investments year after year.

 

We haven't heard from Lehigh96 lately, but he may say the same thing about poker. There is all kinds of investing

 

The ONLY way I'd be playing Wall Street if I had credit card debt is if I had money in an employer matched 401k or possibly an IRA that I might have made contributions to before incurring credit card debt and couldn't withdraw without incurring penalties. If I did have credit card debt, I'd make paying it off my number one priority in my financial life, possibly going so far as to juggle 0% credit cards to speed up the process.

This is largely irrelevant to this thread since the OP doesn't carry a balance on his credit card, but I thought it was important to throw it out there for other youngsters who might have CC debt.

 

Libertads and dinner for your Senorita.

 

Well you are certainly in good company with that way of thinking, sometimes, I just look at things a bit different

 

You may be on to something...

There is an excellent study by CPM Group on Palladium as a US Mint numismatic PM. It was issued on 23 August 2012 and available for download. The study was commissioned as part of the American Eagle Palladium Bullion Coin Act of 2010, Public Law 111-303. I like pages 56-57 in particular because they show a chart of all Palladium coins and their mintages.

The bottom line of the study is that they recommend against creating US Mint Palladium bullion coins. That means no coins like this...



...or this...




Palladium and Platinum have an increasing industrial demand and Palladium is much cheaper. Historically, Palladium may seem quite expensive, but you have to consider the fundamentals. Every Grandmother doesn't have a set of Palladium flatware in the dining room hutch. In other words, there are very little "above ground" supplies of Palladium...new supplies come mainly from mining.

The technical charts don't look bad, either....



It's been on a nice up trend lately, came back to test support at the 200 day MA, then proceeded back up above the 14/30/60 day MAs. As the economy recovers and more money is spent to combat Global Warming...there's a lot to like about Palladium.

An ounce of Palladium is still less than $800. Here are some coins you can pick up now for a 15% premium...

http://www.ebay.com/itm/140792207383?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

 

Also remember Russia and South Africa just signed an agreement to try to increase prices for platinum and palladium. SA is the largest platinum producer, while Russia is the largest palladium producer.

The major worry with these two metals is substitution, of a cheaper substitute catalyst hitting the market.

 

True enough! :thumb:

However, I'm a little skeptical of the CME report. Their main reason for not recommending a Palladium coin is their assertion that the Numismatic community doesn't value Palladium as a PM (perhaps they're right...given your comment).

Another explanation could be that Palladium forecasts are positive and the Government doesn't want to run up prices. I don't have anything to support that position...just a suspicion given the high price and firm technical charts.

Anyway, to the OP question, you can get a nice 1990 USSR Ballerina one (1) ounce Palladium coin in the $800 range. I believe they only made about 27,000 of those so it may be something to consider.

Other Palladium coins have far lower mintages...See pages 56-57 of the CME report.

 

I like palladium due to its innate rarity, but have you seen it in a coin in person? Not terribly attractive. Gold is gold, silver is bright and lustrous, palladium is kinda blah and lifeless IMHO. I might buy it if the US mint made it, but I believe many other coin collectors would be underwhelmed with its appearance.

 

Have you tried this?

[video=youtube_share;ixrlPYcRvjM]http://youtu.be/ixrlPYcRvjM[/video]

 

would that low of a mintage demand a significant premium of a resale once they are gone

 

gone.....

 

I don't have any Platinum

 

When you say "gone" do you mean when the Soviet Union stops selling them? (Pssst...the Soviet Union is "gone" :secret

...or when you say "gone", do you mean after the last coin is melted for it's bullion?

 

Ditto.

 

I just like 'um, morgans that is..

 

can't get em for a good price

 

Well what would you get it you had the money "for metals"

 

I think I would buy some "junk silver", but some that might have some numismatic value as well. Maybe some barbers or walking libs or something a little older than most junk silver.