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Senate Approves Palladium Bullion Coins. Any thoughts on Palladium?

A new American palladium bullion 1 oz coin is becoming available soon. I've read on several blogs that the mint has been pushing this new palladium bullion product to take pressure off of it's silver eagle program. I like palladium, but I like silver a lot more. Any thoughts?

"Legislation authorizing the US Mint to strike American Palladium Eagle coins was approved Tuesday by the U.S. Senate and has been sent to the desk of President Barack Obama to await his expected signature."

"Stipulations in the American Eagle Palladium Bullion Coin Act of 2010 dictate that the obverse and reverse designs be based on the work of noted artist Adolph A. Weinman. Weinman's name is well-known to coin collectors as his "Walking Liberty" already graces the American Silver Eagle coin. That design was originally used on the silver Walking Liberty Half Dollar that appeared from 1916-1947 and is considered by many to be one of the most beautiful ever to be used on a coin of the United States."

"The obverse of the American Palladium Eagle coins will also be a design showcased before on a circulating coin. This time, the image will be a high relief likeness of Weinman's "Winged Liberty" which appeared on the silver dime from 1916-1945. Many know this coin as the silver Mercury Dime."

"On the reverse, a much less well-known design of Weinman's will be used. It will be taken from the 1907 American Institute of Architects medal."

"Each new coin will be struck from one ounce of .9995 fine palladium with a face value of $25. The coin's diameter and thickness will be determined by the Treasury Secretary. Proof versions will be minted in West Point. Uncirculated and bullion versions may be minted at any Mint facility."

http://www.silvercoinstoday.com/american-palladium-eagle-coi...

Also, found a great article on a very cool 1 oz Canadian silver coin...

http://www.silvercoinstoday.com/canadian-2010-crystal-snowfl...




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I think it's interesting.

Personally, I'd say it would be good for collectors and investors who want to ride the commodities market for potential gain in metals.

However, as a SHTF item, where it might be possibly used for currency after a currency collapse, I don't see that being a good value at all. No recognition.
Most of the population has never even heard of palladium, much less be willing to trade hard goods for it.

Paul lad I am.

Back in July of 2009 the price of palladium was $180 dollars an ounce. I wrote the following post one of many posts to get people to invest in palladium. http://www.dailypaul.com/node/75121
Gold was selling for around $900 dollars an ounce. Did anyone listen to my advice? I'd really like to know. Now there is no doubt, palladium is money.
grant

Good Call Sir.

Real assets for the win!

Glad they are not using the reverse of Mercury Dime for design.

That hatchet and bundle picture on back of Mercury dime is a symbol of Fascism. Look it up. creepy stuff.

I wonder if sales tax will be

I wonder if sales tax will be applied to this metal because it is a commodity not like than gold or silver which can be exchanged currency.

Palladium

has not been a monetary metal, like gold and silver.
Its price will probably behave differently then gold because it is still mostly an industrial metal, and therefore depedent on demand for products that use it and subject to unpredictable changes in technology. For instance if there was a technological advance that made it possible to use less Pd in catalytic converters or even make them without it, the price would likely collapse. Of course the opposite might happen if a new use was suddenly found.

It also seems that selling them for a fair price might be harder than for coins of Au or Ag which are widely recognized.

bump...

...

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"The belief is worthless if the fear of social and physical punishment overrides the belief."
BILL3 of DP