Is Anyone Here interested in a Palladium Mercury Dime?????

Palladium Eagle
in CoinNews.Net at: http://www.coinnews.net/americaneagles/palladium-eagle/
The Palladium Eagle was authorized by the United States Congress by the Eagle Palladium Bullion Coin Act of 2010. This Act was signed by President Barrack Obama on December 14, 2010 to become Public Law 111-303.

The Palladium Eagle coin will have the same obverse design as seen on this Mercury dime.
Under the Act, the Secretary of the Treasury is required to have an independent third-party conduct a marketing study to determine if there is sufficient public demand for the United States Mint to begin producing any Palladium Eagle coins.
The demand must be considered at such a level that the new program would have no net cost to the taxpayers and generate enough income to sustain itself. If those criteria are met in the study, the Treasury Secretary is required to start producing the new Eagles within one year after the study is submitted to Congress.
Each coin will be struck from one ounce of .9995 palladium making a total of four different precious metal American Eagles that would be produced by the US Mint. It would join the Gold and Silver Eagles which debuted in 1986 and the Platinum Eagle which premiered in 1997. Additional specifications such as diameter and thickness are to be determined by the Treasury Secretary.

 

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I forgot about those!

 

Interested? Yes, feel free to visit my thread and see who has expressed various thoughts and interest:

American Eagle Palladium Bullion Coin Act Introduced in House

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I'm interested but doubt I can easily afford one along with other coins I want.

 

I'm very interested, particularly considering the design of the coins -- the Winged Liberty head for the obverse. I think they will be beautiful coins.

 

I was hoping this would be the actual size of a mercury dime. I'd like to have some palladium, but not a whole oz worth. I saw a palladium maple leaf at a coin show a few months ago (overpriced at $800) and it didn't look as nice as silver does IMO, more of a charcoalish color.

 

One of these days I'll get around to buying some actual physical palladium.

But I already have plenty of mercury dimes. I hope the market study comes back and they decide to try a new design.

 

If they make fractional sizes, they might have one the size of a dime. With the American Buffalo series, one of the charms of the 1/4 oz. size was its similarity in size to a Buffalo nickel.

 

The proposed design of the Palladium Eagle coin would look something like this. but probably not as high relief:




Earlier plans for a palladium UHR fell through, that was what I was really excited for. Unfortunately, the bill calls for one ounce coins only, but it would have been interesting if they opted for a half ounce only for this coin. The lesser amount of precious metals would have brought the price down and invited more initial buyers to help boost interest in the plan. But who am I but another numismatic observer of failing Mint strategies and clueless coin legislation that crank out programs of little to no public interest and too high of production levels for many other inferior designs. The larger reason previous coin designs are used for Eagle products is only to help pass the bills and get people interested enough to buy or invest in such bullion and collectibles. Regardless, I am eager to have palladium added to the full range of silver, gold and platinum Eagles.

 

Potentially there would be problems with some people confused over the actual Merc dimes and these new palladium pieces (if they are made). Additionally, for bullion investors, they'd never buy the small sizes of these coins, it wouldn't be worth the premiums for fractional precious metal coins. They make the vast amount of the market for such products and only collectibles would have to be produced in fractional sizes, because collectors are the only ones who will pay the premiums and mark ups for special coin programs.

 

Anyone else just sick and tired of reusing designs created by artists who have been dead half a century or longer? Seriously, is artistic talent simply vanished in the country? Sorry, and no offense meant in the slightest to mercury dime lovers, (I love them as well), but it makes me throw up in my mouth a little to see old designs recycled like this.

Here are some reasons:

1. The old coin was designed for a certain size. Resizing the design completely throws off the artist's intention. I am sure there would have been a different design if the artist had more than a dime to work with.

2. Doing this freezes out new artists, taking away work where they could create a new masterpiece.

3. It devalues the historical coin. Honestly, remember before they had AGE how eye popping a St Gaudens was? Now its everywhere and boring. I seriously bet owners of St Gaudens have lost premiums due to this fact. Same would be true for WL halves.

4. It simply seems to create an impression the US is past its prime and now is reduced to reliving its former glory days. Sad.

Chris

 

I agree Chris, and it seems to me that the US mint is getting spanked by the Canadian and Perth mints in awesome designs by either reusing old designs as in this case or just pumping out the same ASE design every year. Maybe they should get somebody from Texas to be in charge of the next design since everything there is bigger and better supposedly.

 

I have mixed opinions about the reuse of designs in these products. Yes, medallic skills are lacking in the US' offerings. Just look at most of the modern coin series and commemorative designs designed by committee, they are atrocious looking things that many collectors want nothing to do with once flipping profits have been made. The portraits on golden $1 circulating coins are dreadful, as are most of the first spouse coins, now the Parks are cranking out losers too. IMO.

So I like seeing the oldies, but understand your points well in regards to reuse. As I tried to mention above, when the coin bills are being written, someone who proposes the use of these designs usually does so out of the need to solicit support by other signing members who are familiar with the iconic earlier designs, and they end up sticking for the life of the coin. The AGE and ASE are past 25 years now, so they could be legally changed at any time if a bill can be passed and new designs arrived at for those coins in the program.

 

Bigger, yes, better, not so much. I'm currently in Texas speaking with first hand experience.

 

I'm not from Texas, but they had one of the best quarter designs.

For the palladium coin, I wish they had done something new. But, on the other had, it is a bullion product.

 

If you don't wish to wait on the US Mint, I noticed that D. Carr has come out with a palladium coin at the Moonlight Mint.

 

That coin is beautiful

 

I do not mean to pick on Mr. Carr more than I already have, but is that coin legal? I mean, can anyone strike a coin that has a stated dollar value on it, with "United States of America"? I have silver rounds, but they NEVER state a dollar value on them if they have "United States of America". Any round I ever owned either said "United States" OR a dollar value, never both. What is to stop someone, if palladium is $400, from going in and trying to spend this item somewhere? How is someone not into coins supposed to knwo the US mint does not strike $1000 coins? On the surface, it sure looks like an authentic US coin. If it were denominated as $50 or similar I would not be concerned since I do not foresee palladium eve going down that far. Labeling it $1000 I think is a problem.

Chris

 

Wow, only 55 minted too! Makes me wanna grab one!

 

What law would he be violating?