American Eagle Palladium Bullion Coin Act Introduced in House

When I first started looking into PM's, I think palladium was hovering $300-400.....to see that they are about $610 now is amazing....

 

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When i saw this thread ... i was thinking ... darn, i wish i could pre-order 2 so i could lock in today's palladium price. With the way the metals are rocketing ... palladium might be $1000+ an ounce when these are finally available for sale.

Then i thought to myself ... why not just buy 2 canadian palladium maple leafs now ... then i can sell them when i want to buy this coin. I know i lose a bit on the sale, but it does offer some price protection.

So i did just that ...
http://www.goldeneaglecoin.com/Buy_Palladium/Palladium_Maple_Leafs

So far this has worked out well as Palladium has been on a tear since i bought.
Just thought I would share the tip.

 

That's not a bad tip! Better to lose a little on the sale/premium side rather than to wait who knows when the APE's come out! So getting the Canadian coins to hold value for the time being is smart!!!

 

fools_gold, so true

look at this 7 year price chart of palladium ... wow ... looks like we are in a breakout (just breaking to new high)

technical analysis (if you believe in that) would predict palladium is going to $1000 (basically you add the high-low range ($400) to the new high ($600))

 

I want to invest more into Palladium, I just don't know enough about it. I know it has mainly been an auto industry metal. That is what concerns me, it seems the market is so small that it can easily drop if the industry dries up, or if someone figures out a replacement for palladium in cars....

 

Found this on the web ...

The unique properties of palladium and other platinum group metals account for their widespread use. One in four goods manufactured today either contain platinum group metals or the platinum group metals play a key role during their manufacturing process.

Over half of the supply of palladium and its congener platinum goes into catalytic converters, which convert up to 90% of harmful gases from auto exhaust (hydrocarbons, carbon monoxide and nitrogen oxide) into less harmful substances (nitrogen, carbon dioxide and water vapor).

Palladium is used in many electronics including computers, mobile phones, multi-layer ceramic capacitors, component plating, low voltage electrical contacts, and SED/OLED/LCD televisions.

Palladium is also used in dentistry, medicine, hydrogen purification, chemical applications, and groundwater treatment. Palladium plays a key role in the technology used for fuel cells, which combines hydrogen and oxygen to produce electricity, heat and water.

Ore deposits of palladium and other platinum group metals are rare, and the most extensive deposits have been found in the South Africa, Montana, Ontario, Canada, and Russia.

In addition to mining, recycling is also a source of palladium, mostly from scrapped catalytic converters.
The numerous applications and limited supply sources of palladium result in palladium drawing considerable investment interest.

 

There's a fair amount of info on Palladium on this site: Palladium Coins.com Start with the History tab.

 

No doubt the FC series is a collector's coin and not intended for bullion investors as Eagles and Buffalos are intended to be. There is a dedicated group of people who do collect this series and some of the coins have had some very major appreciation in prices once the mint took them off the market. Go look at the prices of the Julia Tyler coin, which I consider an exceptionally good looking coin in this series, to see what I am talking about. A few months ago you could have had this coin for just a little over $700 from the mint.

Remember, and some in this topic seem to miss this, numismatic value is highly dependent upon a coin NOT selling in great numbers. For bullion investors, sales are irrelevant.

On the more broad question, I think the Mint's biggest failing with modern designs is they tend to be too literal and they pick them by committee which is never a good thing. The current director has even admitted to this, but so maybe this is part of the reason why they are going with the Mercury head for this coin.

 

Latest News Regarding the American Eagle Palladium coin

American Eagle Palladium Bullion Coin Act to Become Law from CoinNews.net [12/02/2010]

 

AMEP Thank for the update Krispy!!!!


A Mercury obverses too that nice:thumb:

 

wow awesome news I will definitely get some APE's....i hope it looks very close to the mercury dime posted above....

 

Great news! I also plan on buying APE's as well.

 

I can't wait til these come out!
I am glad I locked in my Palladium price at $628 as it's up over $750 an ounce already.

 

I've been hoping for some time the mint would issue Palladium coins. I especially like the "Mercury" design in keeping with the previous bullion coin designs. That would leave the Standing Liberty quarter obverse for the ARE's...American Rhodium Eagles! Since APE is already taken for platinum, we might have to call the new Palladium coins Apples, (APLS).

 

I would probably buy a roll and not much more. I'm a little concerned about the value of Palladium down the stretch....

 

I think that's a prudent approach. I too am wary of palladium, but would love to have some of these bullion coins in my holdings if they are issued.

 

Does anyone know if they are making fractionals?

 

A roll might even be too much. Maybe just a couple. LOL... I understand the auto industry uses for palladium.


But at least with gold, its overall price is really its rarity mixed in with the strength of your currency...

Silver just seems to be used in just about everything.

So palladium's market seems a little smaller and that scares me a little. But mold me an exact replica of the Mercury dime and you'll get me as a customer.....

 

It will be nice to see a modernized high relief merc. I went crazy over the S mint commem dollar, just because of the reverse.

 

Why make replicas? It's just plain boring and kills talents who work in the mint.