2017 US Palladium Eagle

Discussion in 'Bullion Investing' started by Speedbump, Sep 19, 2017.

  1. Speedbump

    Speedbump Not a New Member

    Well... the US Palladium Eagle is finally here. The mint will start selling the new bullion coin to authorized purchasers on the 25th, retail sales should start soon after. Presales are already up on some big online dealer sites and ebay, $140-$150 over spot from what i've seen so far. Only a single production run is expected the year. No additional coins will be minted this year after they sell out. The mint is expected to launch a proof version next year.

    Since PMGs are not typically held as investments, these bad boy will likely have some "semi-numismatic" value added to them. Expect hefty premiums similar to the Platinum Eagles.

    I might be in for one...
     
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  3. baseball21

    baseball21 Well-Known Member

    It is tempting to snag one considering they probably won't make that many this year
     
  4. RhinoEmpire

    RhinoEmpire Hi-Yo (Ag)

    I pre-ordered one; $1,020.94

    My understanding is they mint will be producing more than enough to meet demand. I expect 2018 will have a lower mintage after the hype begins to fade.
     
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Plan on picking one up eventually, but the current premiums are unreasonable
    We see this time and time again with new coin releases, after a few months
    The prices will dip drastically, save your money now and spend less later :)
     
  6. treehugger

    treehugger Well-Known Member

    No thanks. A laughable premium and (if you have ever seen palladium before) you know it has very little eye appeal, in contrast to gold, silver and platinum. Just too bad the Mint waited so long to start producing these, given approval was granted in 2010, when the metal was selling at less than $600.00 an ounce.
     
    crazyd likes this.
  7. Deadline

    Deadline Active Member

    Agreed, they wait until Palladium is at its top. Nice coin but $500 would be a much better buy in price.
     
  8. baseball21

    baseball21 Well-Known Member

    They just took forever to finally do it. I think they had been kicking around the idea since something like 2012
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    First year of issue of anything is going to demand a high premium, your best bet
    Is to wait 6 months or even a year and the premium will drop substantially, right
    Now probably not the best time to buy.
     
  10. baseball21

    baseball21 Well-Known Member

    It's a bullion coin being sold at a bullion price...........
     
  11. RhinoEmpire

    RhinoEmpire Hi-Yo (Ag)

    Sold out at the Mint! Authorized purchasers placed orders Sept. 25 with the Mint for 15,000 American Eagle 1-ounce palladium bullion coins. Bullion or not, I will be surprised to see prices fall below the initial issue price.
     
  12. Speedbump

    Speedbump Not a New Member

    All 15,000 were likely spoken for before the 25th. They were under allocation so each authorized purchaser was given the option to buy up to a given amount and I'm pretty sure each buyer exercised their full option. 15k isn't that many.

    Platinum eagles tend to carry higher than market average premiums for bullion as well, even years later. I wouldn't expect premiums to drop all that much for the Palladium eagle if at all. If the price does come down, it will be because of a drop in spot price, not a premium drop.

    APMEX, the only US Mint authorized purchaser with a prominent consumer level retail front, is selling the 2017 Platinum eagle and Palladium eagle for roughly the same premium.
     
  13. fltacoma

    fltacoma New Member

    From what I have read, on one side you have the typical bullion buyers. On the other side you have the U.S. Mint flippers, and collectibles buyers. I seem to think that people are split right down the middle on whether to buy one, or like people said earlier in the thread, to wait until next year. I am right on the middle of the bullion buyers group.
     
  14. baseball21

    baseball21 Well-Known Member

    The premium should be the same on those. The mints premium is standardized and the distributors won't sell them without adding their markup. The bullion ones will never be available from the mint to the public
     
  15. treehugger

    treehugger Well-Known Member

    I never thought I would see the day when palladium would outvalue platinum! What's next?

    Be prepared for the onslaught of "palladium level" credit cards.
     
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    The day has arrived, Platinum,s day as PM,s shinning star has long since past
    With Gold and now Palladium over taking it, it reakky makes you think whats on the
    Horizon but in fact since 2010 it is the only PM to be in the negative over 3% Gold
    Silver both up 15% and palladium 33%
     
  17. gxseries

    gxseries Coin Collector

    Mints in that past that attempted to market palladium coins have always gone through a curse. If you look at the history of Canadian, Chinese, Russian and Australian palladium coins - when they released palladium coins, palladium prices kept raising until the palladium coinage had to be canned due to lack of demand. And of course at one stage when palladium prices did drop, that did not bring any form of demand.

    But on the positive side, if you look at the long term history, most prices did increase but timing is important.
     
  18. TheFinn

    TheFinn Well-Known Member

    Platinum will be back, and will once again rise above gold. It has done it many times. The time to buy something is when it's down, so platinum's day is now.
     
    -jeffB likes this.
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    I find that hard to believe, Platinum in it,s own right is down substantially the
    data does not support your theory, and Platinum out in front of Gold, that,s
    A stretch !!
     
  20. LA_Geezer

    LA_Geezer Active Member

  21. baseball21

    baseball21 Well-Known Member

    Probably is the only one with first day of issue ANACS ones. All the other big boys use PCGS or NGC for almost everything if not everything they have graded
     
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