Palladium

Palladium Coins and Bars Available from JM Bullion

The eye of most investors is immediately drawn towards gold as a precious metal investment, with a similar number interested in silver as part of a diverse portfolio of investments. It’s understandable for investors to lean toward these metals due to the variety of different coins, bars, and rounds available. There are other precious metals available as well though which offer impressive purity and value. Palladium is an often-overlooked precious metal as an investment, but is slowly growing in popularity. Look closely and you’ll find palladium coins and bars increasing in number.

Palladium Bullion Coins

The two most-popular palladium bullion coins available represent two of the most respected coin programs in the world today. Issued by respected sovereign mints with the backing of powerful central banks/governments, the following two palladium coins are available for investors:

• Canadian Palladium Maple Leaf: One of the first major palladium coins was the Canadian Palladium Maple Leaf. Part of the greater Canadian Maple Leaf collection, it was offered from 2005 to 2007, 2009, and has been back in production since 2015. The coin features the same sugar maple leaf on the reverse and effigy of Queen Elizabeth II on the obverse. The coins contain 1 Troy oz of .9995 pure palladium and bear a face value of $50 (CAD).
• American Palladium Eagle: The American Palladium Eagle is the newest major palladium coin you’ll find for sale. Authorized by the American Eagle Palladium Coin Act of 2010, it wasn’t until September 25, 2017, that the United States Mint finally began striking the coins. With 1 Troy oz of .9995 pure palladium and a face value of $25 (USD), the Palladium Eagle features Adolph A. Weinman’s famed Winged Liberty design on the obverse and his American bald eagle design from the 1907 American Institute of Architect’s gold medal.

Brief History of Palladium Coins

Palladium coins don’t have the background that gold and silver bullion coins possess or even platinum coins for that matter. The first palladium coin was issued by Sierra Leone in 1966, with Tonga issuing coins in 1967. Since the 1960s, nations including Canada, the Soviet Union, France, Portugal, China, Australia, and Slovakia have issued palladium coins, but most were special commemoratives rather than palladium bullion coins.

Palladium Bullion Bars

Investors can also opt to purchase palladium bullion bars. Popular bullion programs such as the PAMP Suisse Fortuna are offered in palladium, but you’ll also find a variety of other palladium bars available to purchase online. One such example is the following palladium bar:

• Valcambi Palladium Bar: The primary option from Valcambi Suisse, a private Swiss refinery, is the 1 oz Valcambi Palladium Bar. This minted ingot has refined edges and a beautiful finish. The Valcambi logo is struck on the obverse along with engravings of “1 oz palladium 999,5.” You’ll also find an assayer’s mark on each bar with an individual serial number. The products typically ship brand new inside of protective packaging and come with an assay card authenticating the metal content and weight of the bar.

Brief History of Palladium

Palladium is a rare and lustrous metal with a silvery-white appearance. It is a member of the platinum group metals along with platinum, rhodium, ruthenium, iridium, and osmium. Palladium was discovered in 1803 by William Hyde Wollaston. Today, the most extensive deposits of palladium around the world include the Bushveld Igneous Complex in South Africa’s Transvaal Basin; the Stillwater Complex in Montana, USA; the Sudbury Basin and Thunder Bay District of Ontario, CA; and in the Norilsk Complex in Russia.

More than half of the global supply of palladium is used for the production of catalytic convertors in automobiles, which convert more than 90% of harmful gases from combustion engines into less noxious substances. Other popular uses for the metal include dentistry tools, electronics, groundwater treatment systems, and jewelry.

Buying Palladium from JM Bullion

If you have any questions about buying palladium or the variety of options available from JM Bullion, please feel free to reach out to our customer service department. A team member can help you on the phone at 800-276-6508, chat with you live online, or respond to your inquiries via email.