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Palladium coins are a fascinating and valuable addition to the world of precious metal investments. Palladium is a very rare white steel metal first discovered in 1803 by William Hyde Wollaston. With a growing interest in alternative assets and diversification, these rare coins have gained popularity among collectors and investors alike. In this post, we’ll walk you through all about palladium coins, so read on!
A brief overview of Palladium
Palladium is designed as a precious and industrial metal. It comes under Platinum Group Metals (PGMs). It is in high demand in industries like electronics, dentistry, and catalytic converters for the automobile industry.
More than 90% of the world's stores of platinum and palladium are found in South Africa and Russia. However, the largest palladium company is located in Montana, United States, and is named Stillwater Mining Company.
Since the rise of eco-friendly cars is increasing, so is the demand for Palladium. Unfortunately, both supply and production are in short supply. Thus, increasing the value of palladium and, therefore, palladium bullion coins.
Different types of Palladium coins to invest in
Canadian Palladium Maple Leaf Coins
The Canadian Palladium Maple Leaf Coin is the official bullion palladium coin of Canada. It comes with.9995 purity, issued from the Royal Canadian Mint. The purity level ensures each coin holds significant intrinsic value, making it a reliable investment option for those seeking a tangible and stable asset.
However, like platinum, it was struck in 2005 with a mintage of only 40,000 coins. After 2007, the Royal Canadian Mint stopped all production of palladium coins. However, RCM started its production again in 2009 in limited quantities to meet the growing demand for palladium bullion coins. You can buy Canadian Palladium Maple Leaf coins from Austinlloydinc, the trusted name for palladium coins and rounds.
Russian Ballerina Palladium Coins
Russian Ballerina Palladium Coins are a captivating and distinctive series of palladium coins issued by the former Soviet Union. Launched in 1989, these coins pay tribute to the graceful artistry of ballet, a beloved cultural tradition deeply rooted in Russian heritage.
The reverse side features depictions of iconic ballerinas in elegant and fluid poses. They truly represent historical significance and cultural aspects. For collectors and ballet enthusiasts, these coins symbolize the rich cultural heritage and passion for the performing arts that characterize Russia.
Australian EMU
Minted with .9995 fine palladium purity, the Australian EMU features a flightless bird native to Australia and an iconic symbol of the country's diverse wildlife and natural beauty. It elegantly captures the allure of EMU.
The reverse side of the coin features a beautiful depiction of an emu in its natural habitat, showcasing intricate details that bring this majestic bird to life. The coin is revered for its high-quality production, blending the traditional craftsmanship of the mint with modern techniques including gilding and coloring.
Isle of Man Palladium Angel Coins
The country of origin of the palladium angel coin is the Isle of Man. Marking the 210th anniversary of William Hyde Wollaston's discovery of Palladium, the Finance Ministry issued the new Palladium Angel Coin.
The "Angel" is a traditional British coin design that has been used for centuries. It typically features the image of an angel or archangel, often depicted as a human figure with wings holding a staff and shield. This design has been utilized on coins of different denominations and materials.
Why invest in Palladium Coins?
Platinum is a more commonly heard precious metal apart from gold and silver; however, palladium is also the rarest and most in-demand precious metal, especially in the global manufacturing industry. Even if we take into account its rarity, Palladium coins are valuable and safe to invest in.
The labor laws and political factors in South Africa resulted in an increase in the prices of palladium coins, which quadrupled in a 1.5-year time span following 2010. However, in the following years, there were some marked downturns, but the prices recovered in 2017. By the end of 2023, the expected rate is projected to jump to $1,438, indicating its rapidly increasing value over time.
According to Austin Lloyd inc (the reputed palladium coins dealer), as a beginner investor, it's wise to invest in precious metals, especially PGMs. The great thing about palladium is that not many people are aware of it. Since palladium is an often forgotten metal, it's something you can take advantage of. Palladium investing is still in its early stages and will continue to increase over time.
Conclusion
If you are a collector or investor, palladium coins are a captivating and valuable addition. Their rarity, coupled with growing demand from industries like automotive and electronics, renders them a sought-after asset. Coins like the Canadian Maple Leaf, Russian Ballerina, Australian EMU, and Isle of Man Palladium Angel exemplify the diverse investment opportunities within this market. With a history of price surges and projections indicating further growth, palladium coins can diversify your portfolios with a lesser-known yet potent precious metal.