2017 US Palladium Eagle

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

  1. Speedbump

    Speedbump Not a New Member

    I just watched a portion of the segment on youtube. That guy is a piece of work. He straight up lies to these poor people. Hes not even being questionably misleading. He's flat out lying.

    On a side note. The reverse of the coin looks amazing! :woot:
     
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    Just par for the course for Mezak. He has no shame.
     
    kkathyl0 likes this.
  4. RhinoEmpire

    RhinoEmpire Hi-Yo (Ag)

    I received my Palladium Eagle today. Very beautiful, thick coin.
     
  5. Speedbump

    Speedbump Not a New Member

    Mine is at the post office waiting for pickup :D

    For the raw coins, the price seems to have jumped up recently. They are about $100-$150 over what they started at. APMEX doesn't list the raw coins as available anymore.
     
  6. RhinoEmpire

    RhinoEmpire Hi-Yo (Ag)

    I'm very happy with my purchase, but part of me regrets not getting a slabbed coin - it might be an easier sell in the future. It is cool not having to look through a big chunk of plastic though.
     
    LA_Geezer likes this.
  7. Speedbump

    Speedbump Not a New Member

    I just picked mine up and wow, it looks a lot better than what I was expecting. Really nice looking coin!
     
  8. LA_Geezer

    LA_Geezer Active Member

    Crazy, I know, but I choose not to buy slabbed coins.
     
  9. Argenteus Fossil

    Argenteus Fossil Active Member

    Show us some photos!
     
  10. kkathyl0

    kkathyl0 Member

    The coin looks much better in hand then any pictures I have seen. I will get one soon, might have to sell some of my silver to get it.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    My gut feeling is that platinum is just too darn useful in too many ways to stay low. Palladium is a great catalyst, and sort of useful in jewelry alloys; platinum is a great catalyst, very useful in jewelry (both pure and alloys), and very useful for reaction vessels and other spots where you need strength, durability, and chemical resistance.

    On the other hand, I've learned not to spend lots of money based on a gut feeling. :rolleyes:
     
  12. TheFinn

    TheFinn Active Member

    I agree, but if you are buying some gold, and there is Pt for sale at a lower premium, I'll pick up what they'll sell, which is never very much. It is much rarer than gold and more useful industrially.
     
  13. TheFinn

    TheFinn Active Member

    Look at silver! Worth 1/3 what it was in 2011. Pt won't even fall 20%.
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Platinum went from $350 in 1998 to almost $2000 in April 2008, then back to $850 in December 2008. Recovered to almost $1900 in 2011, then fell back as low as $825 in January 2016.

    It's not as volatile as silver, but it's still volatile, and I think there's still room for it to fall. I'd expect it to fare particularly badly in the next big recession or depression, as industrial activity falls.
     
    LA_Geezer likes this.
  15. Speedbump

    Speedbump Not a New Member

    Platinum and Palladium are generally interchangeable. Platinum shouldn'd fall too far behind palladium before industry starts push up demand when it becomes the less expensive option.

    A very small percentage of PGM's are used as investment. Most all of it that comes out of the ground goes into industrial applications, mainly auto catalysts. Over the next 30 years, there will be increased pressure on PGM's as new cars sales move away from burning dead dinosaurs. With the aggressive recycling of PGM's, the need for newly mined metal will dwindle eventually tapering off to zero. Long term, available supply will grow and prices will drop. The PGM family needs a new application to absorb the eventual loss of the large auto catalyst market in order maintain any relevance. I would expect demand to start falling off within 10 years.

    I bought a palladium eagle because I thought it looked nice, its the first year, and I wanted to fill out a 2017 bullion eagle set. If its worth $200 is 10 years, oh well. :D
     
  16. MnMShow

    MnMShow New Member

    I just got a palladium eagle yesterday and it was struck with misaligned dies. The obverse is off-center and one side is noticeably thicker than the other. I take it this is not something everyone else is seeing? For a normal coin collection coin I would think it was probably cool, maybe worth more, but for a bullion piece I am not sure it's a good thing. It's a pretty coin but I was actually a bit disappointed it was messed up. I love the design on both sides, as soon as I heard about it I knew I wanted one, but I wasn't thinking to make it a habit of getting these necessarily and now I feel like I need another one so I can have one that isn't messed up.
     
  17. TheFinn

    TheFinn Active Member

    The U.S. Mint struck it, and they are hit and miss. If the RCM or Perth had made it, it would have been flawless.
     
  18. TheFinn

    TheFinn Active Member

    Palladium's downfall is its weight. Its specific gravity is 12.0 and silver is 10.5. Not much different. Gold is 19.3 and platinum is 21.45. In the mind, weight equals value.
     
  19. Speedbump

    Speedbump Not a New Member

    Where did you get it from? Most of the big online dealers will do an exchange if you don’t like if. You may need to pay return shipping.

    Mine is a bit off as well. You can’t really tell unless you flip the coin on its side. I’m not too worried about it.
     
  20. MnMShow

    MnMShow New Member

    Got it from JMBullion. Interesting to hear that someone else got a wonky one too. Let's see if this forum will let a noob post pictures.

    [​IMG]
    [​IMG]
     
    onecenter likes this.
  21. Speedbump

    Speedbump Not a New Member

    Mine looks exactly the same.
     
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