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 Replies: 10 / Views: 1,789 |
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Pillar of the Community
United States
2269 Posts |
In 2010 there was talk of the US Mint producing a 1 ounce Palladium coin. Lately, I haven't heard much about the possibility of this coin. Has anyone heard any recent updates on whether this coin is going to be produced or was the idea dropped?
Palladium is currently around $605.00 an ounce, is anyone interested in purchasing this coin if it is offered?
Christopher
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Pillar of the Community
United States
1817 Posts |
A feasibility study was supposed to be carried out in 2011, but the company that was sub-contracted to do so was found to have ties to the mining industry, so the Mint was forced to start all over again with a new vendor for the study.it seems doubtful that a Pd bullion coin would be issued this year, but stranger things have happened with the Mint. Realistically, it would either come in 2013 or dropped altogether.
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Pillar of the Community
United States
4008 Posts |
It seems a little silly to be doing an expensive "feasibility study" on this when it would be a LOT simpler and cheaper to just as the RCM how their sales of Pd coins are doing. Not sufficiently complicated or expensive, I guess.  |
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Pillar of the Community
 United States
2269 Posts |
One thing that puzzles me is the need for a study. I would think that viewing other govenment mints that produce palladium bullion would be sufficient. Palladium bullion is not a new concept.
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Moderator
 United States
14463 Posts |
Not that I have a stake in this, but Cohen Mint already sells a 1 ounce Palladium coin. Price now is $751.00 for one. |
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Pillar of the Community
Canada
598 Posts |
Check around for Stillwater Palladium Co as well VVV http://bullion.nwtmint.com/palladiu..._quarter.phpThe Lewis and Clark rounds have been around for some time... sure, the NWT Mint link above shows them out of stock, but the pictures/info are there. |
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Pillar of the Community
United States
2269 Posts |
One thing that puzzles me is the need for a study. I would think that viewing other govenment mints that produce palladium bullion would be sufficient. Palladium bullion is not a new concept.
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Pillar of the Community
United States
808 Posts |
It seems some reasonable due diligence on program viability is to be expected for any proposed palladium bullion program to be released by the United States Mint.
If the Canadians and Russians are already meeting the global demand needs of the Palladium bullion coin marketplace, why have the US suppress prices?
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Pillar of the Community
United States
1454 Posts |
Quote:
It seems some reasonable due diligence on program viability is to be expected for any proposed palladium bullion program to be released by the United States Mint.
If the Canadians and Russians are already meeting the global demand needs of the Palladium bullion coin marketplace, why have the US suppress prices?  Mass producing a palladium coin without a study simply wouldn't be prudent, in my best Bush Sr. voice. Just imagine how much the US would likely produce by comparing the ratio of ASEs to SML production. The number would absolutely dwarf Canadian and Russian production by a wide, wide margin. And if this is something the mint wants to do annually vs. a commemorative, that would also be a criteria for making absolutely sure that there'll be a strong market for this product. Taken in the proper context, I can completely understand the need for a study, myself. CYA and all. And we're talking about a product the mint has never (correct?) done in its long history. The very definition of going out on a limb. |
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Valued Member
United States
88 Posts |
[begin rant]
Study Schmuddy, they could just MAKE the darn things for less than the cost of the study. Three to five grand for dies would be the only sunk cost. They could start with a short run of say... five hundred. If they sell out then restrike. If they don't, melt 'em down and recover the metal investment. Either way you find out what you want to know. Spending money on studies is the bureaucrat's means of not having to make decisions. That's why this country is in such a mess. Too many studies and not enough people willing to just DO WHAT'S NEEDED.
[end of rant]
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Pillar of the Community
United States
4008 Posts |
My point was that after all the time and money spent "studying" something to death, it is unlikely that they will have the answers to the questions involved... so why squander time and money for no return? Once they start production, they will VERY quickly figure out how many they should be producing and it is VERY likely that this is the only way in which to gather this info. It is only when people are willing to lay down their money for these coins that they will be able to separate the wannabees from the real buyers. Just get on with it, IMHO, and if for any reason it doesn't work out, then do something else. They would not have to ask too many coin collectors / PM buyers what their preferences would be.  |
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Replies: 10 / Views: 1,789 |
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Posted 05/23/2012 04:08 am
