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Investment in Palladium Coin bullion as Part of Your Coin Collection

We often hear of coin collectors investing in silver or gold coin as part of their investment portfolio. So what about Palladium or coins minted from Palladium?

For those unfamiliar:-

Palladium is one of scarcest precious metals which has silver-white transition metal appearance. It has a lesser price tag per oz than its cousins like gold and platinuim.

A little bit of details about Palladium,history of coinage of Palladium coins and 5 years price chart of Palladium :

    • Palladium as a precious rare metal is also increasingly been popular and being used by investors for investment purpose.
    • Palladium price peaked near US$1,100 per troy ounce in January 2001 (approximately US$1340 in 2009 dollars) driven mainly on speculation of the catalytic converter demand from the automobile industry. Palladium is traded in the spot market with the code “XPD”. When settled in USD, the code is “XPDUSD”.708 a troy ounce Friday. Midweek, it had traded as low as $629.50 an ounce. It recently traded at $698, up $3, or 0.4%.
    • The palladium metal is used primarily in the automotive, chemical and electrical sectors. Demand for palladium are mainly from China and U.S. for petrol-driven autos which therefore forms a solid background support for this precious metal.
    • More than 80% of world production is concentrated in just two countries namely the Russian Federation and South Africa. The Russia Federation alone accounts for nearly half of the palladium supply.
    • In previous years, there has been a surplus in supply of world palladium precious metal due mainly to the Russian government selling off government stockpiles built up during the Soviet Era, at a pace of about 1.6 to 2 million ounces a year. The amount and status of this stockpile is kept as a state secret. However, recently, analysts have been forecasting that if the Russian selling off is slowing down than palladium metal prices should be forecasted to be going up particularly if there is strong demand from China in particular for the automotive industry.
    • Incidentally, Palladium is internationally recognized as a form of currency under ISO 4217

 

Tonga is the 2nd country to issue Palladium bullion coin

 

 

Palladium coins:

  • Are minted from this precious metal, Palladium.
  • Normally issued for special commemorative purposes.
  • The first palladium coin was issued in 1966 by Sierra Leone. Next in line is Tonga which commenced issuing palladium coins a year later in 1967, which included the Tonga Palladium Hau. Henceforth, other countries have also issued palladium coins which includes:Canada, the Soviet Union, France, Palau, Portugal, Russia, China, Australia and Slovakia.
  • Incidentally, ex-USSR, now the Russian Federation minted the most palladium coins in the world.
  • In US, a bill authorizing the United States Mint to produce and distribute a 1 troy ounce Palladium coin was passed into law on December 14, 2010.
  • In Canada, palladium coin are the lowest mintage coins ever minted by the Royal Canadian Mint, totaling no more than 1200 coins. There are four versions corresponding to four seasons. Actual mintages are 297 springs, 296 summers, 296 autumns, and 293 winters.The Royal Canadian Mint also minted palladium maple leafs from 2005 to 2007, as well as in 2009. These coins were made of 99.95% pure palladium (.9995 quality), each one containing one troy ounce of pure palladium. They are legal tender in Canada. One of the sides bears a single maple leaf (one of the national symbols of Canada), and the other has the effigy of Queen Elizabeth II

 

Each palladium Maple Leaf coin prominently features Canada's national symbol, the maple leaf, on the coin's reverse, and an updated portrait of Britain's Queen Elizabeth II by Susanna Blunt on the obverse side. The coin is struck in pure .9995 fine palladium at the Royal Canadian Mint and carries a face value of 50 Canadian dollars.

5 years Palladium Price Chart (extracted from Kitco.com)

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