Palladium Coins

Named after the asteroid Pallas, Palladium is one of the six members of the Platinum Group of Metals, a family of rare, precious metals made up of platinum, rhodium, ruthenium, iridium, and osmium. Palladium was discovered by William Hyde Wollaston in 1803. Although they are similar in appearance and the occurrence of Palladium in nature is even rarer, the palladium price is usually lower than that of platinum. The chemical properties of the PGM are similar, however, palladium has the lowest melting point and is the one with the least density among all the six. There is a global demand for palladium in the automobile industry followed by the electronics, medicine, hydrogen purification, groundwater treatment, and jewelry industries, among others.

Palladium is a silvery-white metal with growing popularity similar to platinum. The fact that palladium is resistant to corrosion and oxidation has led to people fancying it as a substitute for platinum. Many mints are coming up with an impressive array of palladium products for investment and collection. The increasing demand for palladium in various industries has made investors come forward to invest in palladium bullion recently.

There is a multitude of options available for people who are planning to invest in palladium. One can opt for ETFs, buy futures contract on palladium, or go for equity options; however, the more traditional and secure way of investing in palladium metal is by owning it physically in the form of coins and bars, because in the physical form these are tangible assets that can be instantly available to you if necessary.

Why Invest in Palladium Coins?

The first reason to invest in palladium coins is to diversify an investment portfolio. A majority of these coins have been minted by some of the most highly reputed mints and many coins come with a legal tender status in the country of production that adds to the value of the palladium coins. When the coins are from highly reputed mints and have legal tender status, they are usually well-recognized around the world, which makes way for easy liquidity. Moreover, besides fraction sizes, palladium coins usually come in 1 oz sizes and some of them also come in larger sizes of 10 oz., and buying coins in different sizes offers easy divisibility.

Most palladium coins are eligible for IRA. Coins from different mints also come with a variety of attractive designs and the coins are minted in the purest form of palladium, which is .9995. Apart from these, another advantage is that many palladium coins come with amazing security features which make counterfeiting quite difficult. Collectors can also opt for coins that come with grading from top third party grading services such as NGC and PCGS which further enhances the value of the coin and also provides great packing and attractive label options, making reselling easier. Coins occupy less space and are easy to store, stack, and carry.

Popular Palladium Coins:

Palladium coins have been a popular investment choice for a majority of investors mainly because of their high demand in various industries, predominantly catalytic converters in the automobile industry. The limited supply of the metal has had a rebound reaction and its price has been going up significantly, creating more interest in investors in palladium as a long term hedge. Many popular mints around the world mint palladium coins with stunning designs these days. Some countries that have issued palladium coins include Canada, France, Portugal, Russia, the Soviet Union, Australia, and China.

Some of the popular palladium coins are:

Canadian Palladium Maple Leaf Coins:

The Canadian Maple Leaf series is a highly sought after series available in four different metal forms:  gold, silver, platinum, and palladium. The Royal Canadian Mint is one of the pioneers in providing these investment grade bullion in all four precious metals. Also, palladium is offered in the purest form possible, .9995 fine, and comes in 1 oz sizes. The iconic maple leaf design on the reverse and the effigy of HM Queen Elizabeth II on the obverse beautify these coins. The coin also comes equipped with great security features like light refracting radial lines and the micro-engraved maple leaf privy. Canadian palladium maple leaf coins are legal tender of Canada. Due to the rarity of the metal and limited supply, the mintage of these coins have not been consistent and have only been minted five times so far, in  2005, 2006, 2007, 2009, and 2015.

Russian Ballerina Palladium Coins:

One of the most outstanding palladium coins is the Russian Ballerina Palladium Coins. Since Russia is the major supplier of palladium in the world with over 44% of palladium produced there, palladium was a clear choice for the Moscow Mint. This coin is a great combination of aesthetic appeal and historic value. They were released to rekindle the failing Russian pride in 1989 but were minted only for a brief period. The Soviet Union (USSR) dissolved in 1991; however, these coins were struck until 1995 by the new Russian Government.

This coin pays homage to the famed Russian ballet which is of great cultural significance in Russia. The coin featured a different design each year but the design always shows a ballerina playing the role of Odette from Swan Lake on the obverse. The reverse features the symbol of the former Soviet Union, the hammer, and sickle with face value below it. Although three different sizes of these coins were produced, only two larger sizes are available for purchase:  the 1 oz and the ½ oz with a face value of 25  and 10 Rubles respectively, made of .999 fine palladium. The coin is eligible for precious metal IRA. Since it is no longer in production, there is a great demand for these coins.

American Eagle Palladium Coins:

This is the first American Eagle Palladium coin by the US Mint and was a much-awaited coin in 2017, its first year of release. The coin features the iconic image of Winged Liberty by Adolph A. Weinman, designed originally for the obverse of the  Mercury Dime. The reverse features a work of Weinman again, however, this image might not be that familiar in the numismatic world as it was created the for the 1907 American Institute of Architects Medal. Nevertheless, it has the same majestic look of the other eagles designed by Weinmann. The coins are made of 1 oz .9995 pure palladium and struck by law at the Philadelphia Mint. The coin has seen quite a demand in its first year of release and is a coin worth collecting.

Some other important palladium coins that are difficult to come by are:

Australian Emu Palladium Coins:

Minted by Perth Mint and has an extremely limited mintage of a few thousands only and were minted from 1995-1998.

Isle of Man Palladium Angel Coins:

Michael the Archangel defeating the evil dragon is a symbol that many keep for good luck and health. This design from the Isle of Man is legendary and loved by all. However, the palladium version of these .999 fine palladium coins was minted in a very limited mintage of just 1000 coins. The coins are minted by the Pobjoy Mint, a famous private mint in the UK.

Chinese Palladium Panda Coins:

These coins were minted by the Shanghai Mint only in 1989, 2004, and 2005, and are backed by the Central Bank of China as legal tender coins. They are made of .999 fine palladium and have face values of 50 and 100 Yuan. These are also considered extremely rare, with a limited mintage of just 3000 coins from each year they were minted.