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 Replies: 27 / Views: 2,859 |
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Valued Member
United States
280 Posts |
Poll Question
Your opinion is needed once again! This week's subject: Palladium! Called "Poor Man's Gold," palladium is cheaper than gold or platinum, but 20X more expensive than silver. Vote and express your opinion on palladium bullion here!
The Poll: Do you....
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Bedrock of the Community
13014 Posts |
Id like it more if the US had coins with it, but it at least has somewhat of an industrial base which I always like as it at least gives it a value other than stacking
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Pillar of the Community
Japan
666 Posts |
I like the poorest man's gold called SILVER!
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Pillar of the Community
United States
1119 Posts |
I just dont know enough about palladium to form an opinion so I voted neutral.
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Bedrock of the Community
Australia
21788 Posts |
Very few people would have palladium in their PM stash.
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Pillar of the Community
United States
1454 Posts |
Agree with Steele. Not that I wouldn't consider buying one simply for the novelty of owning a different PM.
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Bedrock of the Community
13014 Posts |
For those wishing to learn a little more. I know wiki is a lazy way but has some decent facts to start. A basic summary would be its used in electronics. Russia produces almost half of the worlds supply, hence they made the first coin, and with South Africa they have over 80% of the supply. The US and Canada have just over 10 percent accounting for most of the rest. I dont ever see it being very popular in the western hemisphere as long as the US doesn't make a coin. Canada made one at 1 time not sure if they still do. Personally I would love to see them make a palladium eagle with the designs of the Platinum ones. Would be a more affordable version at about half the price. http://en.wikipedia.org/wiki/Palladium |
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Pillar of the Community
United States
4008 Posts |
According to what was posted on-line a couple of years ago, Congress authorized the US Mint to study and then recommend or not producing a Pd coin. Supposedly, this was going to use the Winged Liberty dime design. Not sure what is happening with this now, if anything. I was hoping that they would produce such a coin but in limited amounts and in fractionals as well. It would be good to have 1 oz., 1/2 oz., 1/4 oz, and 1/10th oz. Pd coins. As long as they are looking at the older US coins for design inspiration, they also could use the St. Gaudens double eagle, Walking Liberty half, and perhaps a new design with classic design elements included for the final coin in the series. A US wildlife series would be pretty cool as well.  Info here: http://www.coinworld.com/articles/m...dium-coin-s/ |
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Bedrock of the Community
13014 Posts |
isn't that the government at its finest? Spend $50k to see if its a good idea? Why not just use the 50k to run a trial batch and see how it goes?
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Bedrock of the Community
Australia
21788 Posts |
One of the problems with Pd is that it looks like copper nickel.
The density of Pd is 11.4, not that much above that of silver. Copper nickel has a density of about 8.9. Pd is about 22% denser than CuNi. (Cu 75% Ni 25%.)
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Valued Member
United States
376 Posts |
Ive been interested in learning more about Pd. And sctually was thinking about purchasing a small amount but smallest denom I found was a 1/2 oz round and I'm not cutting into my silver funding to pay that so. Ill have to wait and see what comes up. 1/10 oz or even a gram would be cool.
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Pillar of the Community
United States
4008 Posts |
Quote:
One of the problems with Pd is that it looks like copper nickel. Yes, it does. But then, platinum looks like silver. It is about twice as dense, though. |
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Bedrock of the Community
Australia
21788 Posts |
Actually, I have a one ounce Pt bullion coin.
When it is set against a pure Ag bullion coin, there is an obvious difference. Pt to heft in the hand is similar to gold, and it's color is more similar to Pd than Ag.
Not much of an issue either way really, because with bullion, the species and weight of the metal is more than usually stamped or marked on the piece.
The only case I can think of where the species and weight of a Pd coin is not very obviously shown is on the 1/4, 1/2, and 1 Hau pd coins of Tonga, where it is incused on the edge. I have only ever seen one set of these coins.
I remember that I was not all that impressed with them at the time.
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Pillar of the Community
United States
4008 Posts |
Quote:
Actually, I have a one ounce Pt bullion coin. When it is set against a pure Ag bullion coin, there is an obvious difference. Sure, to someone who owns both and can easily compare them right next to each other. Many people could not distinguish between them, though, if they were to see them separately. As you say, the metal type and weight is usually stamped on the coin. The good thing about a palladium coin is that anyone not wanting one is 100% free not to buy one. Those who would like to own one, several, or many of them are free to do that as well. Having more choices is usually a good thing.  |
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Valued Member
United States
200 Posts |
Never bought palladium, restricted to gold and silver. Am thinking of buying platinum though, just to have something new.
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Valued Member
United States
456 Posts |
Quote:
The good thing about a palladium coin is that anyone not wanting one is 100% free not to buy one. Those who would like to own one, several, or many of them are free to do that as well. Having more choices is usually a good thing. Great point! I think it would be great if the U.S. started minting full oz and fractional Pd like they do Pt. The potential industrial applications for these metals are definitely keeping them on my radar. |
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Replies: 27 / Views: 2,859 |
Posted 08/28/2012 12:52 am
