Comments on: 2018-W $25 Proof American Palladium Eagle Launch (Updated)

By: Robert

Robert — Fri, 28 Sep 2018 22:35:32 +0000

I was lucky enough to successfully make my purchase immediately after they went on sale by the US Mint at 12:00 Noon on September 6. I was actually traveling by car that day and stoped at a Sheets on my way to North Carolina from New Jersey at 11:30 AM so that I could ramp up my laptop and get ready for the purchase. Used a WiFi connection and had no problem making the purchase as soon as they became available. Subsequently, I submitted this beautiful Palladium coin to NGC for grading and was just today pleasantly surprised to learn that it graded PF70. So happy I was able to add this unique 2018 Palladium Proof coin to my collection, and with an NGC PF70 grade. It does not get better than that!

By: James Martin

James Martin — Sun, 16 Sep 2018 17:56:35 +0000

It’s an absolutely fabulous design, not so sure about palladium, I’m suspicious. Why is it so valuable? Jewelry, industry, or what? When there’s a monetary standard based on physicals it’s always been gold/silver. What kinks me is the US Mint, supposedly working on behalf of citizens, would sell this at a ridiculous amount over spot, in such small numbers. A scarcity market is one thing, baked up by your own government is another. That’s not really the history, but more so lately, it’s not a good trend. The economics, long term, seems flaky to me.
Imagine this design, using the classic engraving methods, rather than the digital nonsense, full of luster in silver and gold. And with a mint willing to make a decent profit over spot. I long for the days of yesterday…

By: Mike M.

Mike M. — Thu, 13 Sep 2018 00:34:57 +0000

In reply to Mike M..

Did anyone notice that more were released today??
Closed out very quickly – AGAIN!!!!

By: Jeffrey Sundel

Jeffrey Sundel — Tue, 11 Sep 2018 22:17:47 +0000

In reply to CoinsA-Z. Yes well not quiet $2300, but I did let it go for $2059.00. After seller fee's and shipping I will net $425.00. If sent for grading I probably would have gotten more but I am not that greedy. $425 was pleanty enough profit for waiting but the computer for a 1/2 hour prior and being ready at noon...

By: Mike M.

Mike M. — Mon, 10 Sep 2018 19:05:39 +0000

Was going to keep the one I got but decided to flip it given the premium its bringing.
Sold as unopened – didn’t last 20 minutes on flea bay.
Wish they had issued more for the many that wanted one.

By: ShinyPAQuarters

ShinyPAQuarters — Mon, 10 Sep 2018 14:38:51 +0000

In reply to c_q.

Interesting fact, c_q.

Thanks!

These coins become more & more intriguing each & every time I hear or read about them.

I have two 2017’s & one 2018.

I’m definitely saving money now for a 2019 release.

By: c_q

c_q — Mon, 10 Sep 2018 14:02:49 +0000

In reply to ShinyPAQuarters. US palladium production is 12.5 metric tons per year. there are about 32000 troy ounces in a metric ton, so this one release of 15000 coins uses about half a metric ton, which would be 4% of the entire annual US palladium production.

By: c_q

c_q — Mon, 10 Sep 2018 13:59:44 +0000

In reply to Bubba. 3/4 of palladium and 1/3 of platinum production go to catalytic converters. So both metal prices are driven by car production, and since palladium is much more dominated by catalytic converter use, its price is not be likely to exceed platinum by too much.

By: Bubba

Bubba — Mon, 10 Sep 2018 05:15:50 +0000

In reply to CoinsA-Z. I think this coin has peaked already after 1 day. Downhill from here in my opinion. I think they sold out so fast because alot of people bought them to sell.

By: Bubba

Bubba — Mon, 10 Sep 2018 05:12:25 +0000

In reply to CoinsA-Z. Palladium was $50 an oz after hitting $1000 an oz in 1999. It's rarity hasn't changed the whole time. It's an industrial metal. Palladium and platinum are interchangable in catalytic converters. Platinum used to be twice the cost of palladium and palladium used to be half the cost of gold between 2004 and 2008. What happens with this coin when palladium drops in price?