2017 US Palladium Eagle

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

 

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.

 

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

 

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.

 

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

 

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

 

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.

 

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

 

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.

 

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.

 

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.

 

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

 

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.

 

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%

 

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.

 

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.

 

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 !!

 

Mezak hawked these on HSN over the weekend, boasting that he was the ONLY dealer in the country to have them... about 1700 of them IIRC. He had both MS70 and MS69 product available, the MS70 priced at $2199; all were sold out during the program.

https://www.hsn.com/products/2017-a...m-coin/8558158?query=8558158&isSuggested=true

 

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