Palladium is a shiny precious metal with many possible uses, including manufacturing. In fact, this much-appreciated valuable metal comes in many forms, including coins. Whether you prefer the incredibly rare Australian Emu or the easier-to-obtain Canadian Maple Leaf, there are many possibilities to consider. Here’s what you need to know if you’re planning to collect palladium coins, brought to you by the experts from First National Bullion and Coin. San Diego collectors trust us for our extensive industry knowledge and high-quality service.
Price Ranges Vary Greatly
Palladium coins come in a wide variety of price ranges, depending largely on the type of coin you prefer, who mints it, how old or rare it is, the design features it has, and other factors. American Eagle Palladium Coins are generally available in a wide range of prices.
If you’re just starting your palladium coin collection, there are many options available. The current spot price for palladium is $2,157 per ounce. However, this isn’t exactly what you’ll pay for coins made with this precious metal. Very few, if any, coins are made entirely of a single precious metal.
You Can Always Go on the Hunt for Rare Finds
There are many ways to collect palladium coins. If you prefer to go for rare finds, the potential payoff is that rare coins made of this precious metal can become even more valuable over time. The flip side is that coins like the coveted Palladium Panda come with a hefty price tag to start with, which isn’t a good thing if you don’t have that kind of money to invest in such coins.
Starting Smaller Is Better for Most Coin Collectors
Realistically, it’s easier for most collectors to start smaller. Fortunately, this is something you can do if you take some time to research. Still, it’s worth noting even single-ounce palladium coins start at around $2,300 or so. The main reason is because this precious metal is 15 times rarer than platinum. Even if you go with older palladium coins, the cost can be a bit higher. Part of the reason is because some of these coins are either rare or special mints.
Know What to Look for in Palladium Coins
There are many qualities to look for when determining what kind of palladium coins to invest in, especially if you’re just getting started. The main factors we recommend paying attention to include:
• The overall quality of the coins
• Where the coins are minted
• Any unique characteristics the coins may have that can make them more valuable
• The precious metal content of the coins
If you’re not sure where to start, seek some advice from a precious metals dealer. If you live in San Diego, silver bars, gold bullion, and palladium coins of the highest quality are available at First National Bullion and Coin. We buy and sell all kinds of precious metals, including silver, platinum, gold, and palladium. San Diego collectors who are looking for trustworthy dealers and high-quality service should give us a call at (858) 304-7580 to speak with one of our precious metals experts.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.