Palladium Maple Leaf Coins
Palladium Maple Leaf coins by the Royal Canadian Mint offer the palladium investment community the option of government mint-issued palladium investment coins. Prior to the Palladium Maple Leaf coins' release, 1-oz Credit Suisse and 1-oz PAMP palladium bars were investors' only viable options.
Palladium Maple Leaf coins contain one ounce of 99.95% pure palladium and are $50 legal tender coins in Canada. Palladium Maple Leaf coins are the first palladium coins minted by the Royal Canadian Mint and are presently the only legal tender palladium coins being minted by a major government mint. Palladium Maple Leaf coins will be individually sealed in thermatron, in strips of ten coins.
The first run of Palladium Maple Leaf coins were limited to 40,000 and were dated 2005 (minted early November 2005). This means that 2005-dated Palladium Maple Leaf coins probably will turn out to be a small mintage relative to years during which the coins will be minted for twelve months. Therein lies a unique opportunity for the palladium investment community.
Although the Royal Canadian Mint introduced Palladium Maple Leafs to go after the investment community's interest in palladium coins, because only 40,000 of the 2005-dated coins were minted they could become collectibles. The operative words are "could be" because there is not a good history of palladium coins appealing to collectors.
Still, before the first shipment of Palladium Maple Leaf coins was made, one major wholesaler had already sold most of its allotment. Investors who like palladium coins should move quickly to get a position in 2005-dated Palladium Maple Leafs. The coins are being offered at lower premiums than the Credit Suisse and PAMP 1-oz palladium bars, and the coins may achieve collector status.
If you would like to discuss buying palladium coins or the palladium investment market, call us.
