Comments on: Little Demand for American Palladium Coins, Study Concludes

By: Richard

Richard — Fri, 29 Mar 2013 21:45:54 +0000

This is really a shame. We need more quality of quantity. The mint should stop issuing so many variations on pocket change and issue something meaningful and new like a palladium coin.

By: RD

RD — Sat, 23 Mar 2013 03:03:31 +0000

In reply to jim.

Palladium pretty much looks like chrome when polished–I find it beautiful. The finishes on US mint coins are far finer than those I have been made by the Canadian mint–I’m talking about circulated bullion. The finished is a degree finer than those of the canadian mint.

I don’t buy modern coins for investment, though I would in the case of a first release of palladium eagles, because it seems like a sure bet. Besides, the proposed design for the coin was one of my favorites as a child–another reason to buy a few uncirculated coins on top of the many bullion coins i would love to accumulate.

Is there a precedent of the treasury rejecting the recommendation of the people who produced the “report”?

By: jim

jim — Sat, 23 Mar 2013 02:36:03 +0000

The US Mint hasn’t missed the mark yet. This is just a report and recommendation. I wouldn’t think the Secretary of the Treasury has decided yet whether to go ahead or not.

Not having read the report I don’t know if they considered that the other palladium coins are all bullion/investor coins and not collectable proof coins. As such they are dull and unexciting like any uncirculated coin. I think if the mint created mirror/frosted proof palladium coins there will be a market for them regardless of the metal used.

By: RD

RD — Sat, 23 Mar 2013 01:41:53 +0000

Check out this article stating that physical demand for Swiss palladium is up to the highest level seen in four years.
http://www.kitco.com/reports/KitcoNews20130322AS1.html

I think the US mint missed the mark on this one. Everyone thinks palladium is the coin of the future, due to its rising demand for industrial applications. I wonder if the mint was influenced its platinum suppliers. Or perhaps palladium users lobbied to keep palladium less know, not widely circulated by the US mint. A palladium eagle would have made the metal far better known in the minds of investors, driving up demand just when the metal is starting to reach a much wider audience of investors. What a loss for all those invested in this metal today who have to continue to buy Canadiam palladium coins!

By: RonnieBGood

RonnieBGood — Wed, 20 Mar 2013 14:39:38 +0000

A lot of good comments were made here.
I will see that the comments in favor of a Palladium coin make it to the US mint’s “contact us” page.

tx, RBG

By: jim

jim — Wed, 20 Mar 2013 01:28:28 +0000

RBG – LOL. Got me on where the sink hole is. I’ve asked the same question about all the pennies that are continually minted at expense to the US Mint that seemingly disappear every day. Maybe it is because they are so worthless that people don’t bother to reuse them but would rather toss them into some jar or other container and forget about them. I used to take my coins whenever I went to Las Vegas and cash them in there. No cost or fee for the cashier to toss them into the coin counter and I don’t have to roll them up and write my account # on the roll.

By: Kahoola

Kahoola — Tue, 19 Mar 2013 22:34:49 +0000

Read that the purchasing power of a today dollar is equal to about 3c in the 1920’s. So a dollar in the 1920’s would have the purchasing power of…$33. It is not that the silver dollar has gone up, it is that the dollar bill has sunk. The insult added to the injury is that if you sell the old silver dollar in today’s paper you have to pay TAXES because the paper has sunk in value.
And the proposed design is beautiful, i would consider buying one of them…

By: Shawn

Shawn — Tue, 19 Mar 2013 17:34:52 +0000

The US mint produces about 7 billion circulating coins each year. We should consider bringing back real coins for everyday use and getting rid of the garbage.The reason a copper penny can’t be minted is not because of copper, it is because the FED cannot stand the realization common people would have if the value of their paper was exposed. Silver coins up the ante even more.
A silver “dollar” that sells for $33.00? What does that make the paper dollar worth?
The reason banks would love to have digital money is simple: nothing to measure it against and more important, a 2.5% surcharge on every purchase.
Let’s get rid of ALL paper money…

By: RonnieBGood

RonnieBGood — Tue, 19 Mar 2013 15:25:08 +0000

Hi Jim,
If there are 320 million people living the US and they are minting 100’s of millions of coins a month I wonder where all of the coins minted are ending up? I would not expect the much of the current circulated coins (i.e. penny, nickel, dime and quarter) are removed by collectors. In addition coins are rarely taken out of circulation like paper bills and have a very long life span.

Perhaps Jeff72 may have a point with our discussions but I have no arguments with the, “I must be a simpleton” comment.

By: Jeff72

Jeff72 — Tue, 19 Mar 2013 14:51:22 +0000

I must be a simpleton…

I’ve read the replies and just ….way to analytical….for collectors …a finicky bunch we are.

In the world of collectors …it’s ALL in the mix and NOT in one specific ingredient: It is the design of the coin + the metal used (PM always preferred) coupled with the RIGHT mintage -that makes a winner.

The Canadian Maple leaf was just ….another Maple leaf in PM….if they had done something a little more daring…”special finish” ..bolder design…it may have sold out…they did not. Same with the Paladium Eagle.

The Weinman’s Winged Liberty is a classic and in my view, a guaranteed winner in ANY PM….the mintage is the variable.

jeff .