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n/a
deleted
478 Posts |
 Posted - 04/21/2009 : 16:47:28
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apmex has some Canadian Palladium Maple Leaf coins for sale. What's with the the high premium on Palladium? It's around 35% ! Anyone know why the premium is so high on this metal?
Thanks
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 04/21/2009 : 16:56:12
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| Its undervalued IMO and hard to get, hence the premiums. Demand dwindles, premium should drop... |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/22/2009 : 05:45:13
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| very hard to find in ounce or 10 ounce sizes. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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n/a
deleted
478 Posts |
Posted - 04/22/2009 : 09:07:04
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| APMEX has Maple Leafs now. Random dates. Just like you said, very hard to find. Low production also. May have some collector premium in the price? |
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n/a
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478 Posts |
Posted - 04/22/2009 : 09:18:35
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I found this info on the Palladium Maple Leaf. Looks like they are no longer made. Very low overall mintage.
You must be logged in to see this link.
The Royal Canadian Mint produced the first government issued palladium bullion coin with the Canadian Palladium Maple Leaf. Several other countries had previously issued palladium coins as commemorative issues, but not bullion coins. The Palladium Maple Leaf was an interesting addition to the Maple Leaf coins, which already included Gold Maple Leaf, Silver Maple Leaf, and Platinum Maple Leaf coins.
The coin was introduced in 2005 and produced only from 2005 to 2007. The coins were only produced in 1 ounce size and carried a purity of 99.95% palladium. Each coin carries a face value of C$50.
The obverse of the coin features an image of Queen Elizabeth II with inscriptions of “Elizabeth II”, the denomination “$50 Dollars”, and the date. The reverse features the Canadian Maple Leaf and the inscriptions “Canada”, “9995 Fine Palladium”, “1 oz”, and “9995 Palladium Pur”.
The Palladium Maple Leaf sold a relatively small number of coins during the three years the coin was produced. For the first year of availability, production was limited to 40,000 coins. After the initial year, demand dictated smaller mintages. By the third year, the number of coins produced had declined to about 15,000 coins and the coin was discontinued. As a result of the limited distribution and the coin’s status as the only government issued palladium bullion coin, the Palladium Maple Leaf usually sells at a significant premium to the precious metal value.
Production Figures:
Canada 50 Dollars Maple Leaf 2005 62919
Canada 50 Dollars Maple Leaf Test Coin "A" 2005 146
Canada 50 Dollars Maple Leaf Test Coin "B" 2005 144
Canada 50 Dollars Maple Leaf 2006 68707
Canada 50 Dollars Maple Leaf 2007 15417
TOTAL 147331
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Edited by - n/a on 04/22/2009 09:33:24 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/22/2009 : 09:23:09
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| apmex occassionally has Russian balerina coins. I don't know for certain if those are official russian coins but I always assumed so. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Palladium Premiums?
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