Popular IRA-Eligible Palladium

Popular IRA-Approved Palladium Bullion

Arguably the most overlooked precious metal for investment is palladium. With a lustrous, silver-white color similar in appearance to silver and platinum, palladium has long flown under the radar of investors, collectors, and even mints. Coins and bars have been refined in palladium at various times in the past, the 2010s have seen a rise in the number of popular IRA-approved palladium bullion products. JM Bullion carries a variety of the most-popular IRA-approved palladium products that help you introduce diversity into your Precious Metal IRA accounts.

IRA-Approved Palladium Coins

The first palladium coins were issued before Precious Metal IRAs were available, and long before they were a popular investing option. The African nation of Sierra Leone was the first to issue a palladium coin when it issued a coin in 1966, which was quickly followed by a palladium coin from Tonga in 1967. In the years to come, Canada, the Soviet Union, Franc, Palau, Portugal, China, and Australia would issue palladium coins. However, most of these coins were commemorative issues that would not qualify as IRA-approved palladium coins today.

Though JM Bullion does not carry any, the Russian Federation has minted the most palladium coins of any nation in the world. The two most-popular IRA-approved palladium coins available today come from two of the most prominent mints in the world: the United States Mint and the Royal Canadian Mint.

The following descriptions offer insight into the most-popular IRA-approved palladium bullion coins out there at the moment:

• American Palladium Eagle: On September 25, 2017, the United States Mint finally introduced a Palladium Eagle seven years after passage of the American Eagle Palladium Coin Act of 2010. The American Palladium Eagle features .9995 pure palladium and has a face value of $25 (USD). Available only in 1 oz of palladium, the latest addition to the American Eagle Series has the image of Winged Liberty from the historic Mercury Dime on the obverse, a creation of Adolph A. Weinman. The reverse of the coin also includes a Weinman design created in 1907 for the American Institute of Architect’s Gold Medal.
• Canadian Palladium Maple Leaf: The Royal Canadian Mint issued the Canadian Palladium Maple Leaf coins for the first time in 2005. The coinage has .9995 pure palladium content and a face value of $50 (CAD) in a 1 oz coin. The coins feature the same beautiful sugar maple leaf design from Walter Ott introduced in 1979 on the Gold Maple Leaf. The Palladium Maple Leaf features the fourth-generation right-profile effigy of Queen Elizabeth II from Susanna Blunt. The coins were available in 2005, 2007, and from 2009 onward.

Palladium coinage is considered IRA-approved palladium bullion when it meets a minimum purity level of .9995 and is backed by a sovereign government for its weight and purity level. This makes the American Palladium Eagle and Canadian Palladium Maple Leaf the most-popular IRA-approved palladium coinage available today.

IRA-Approved Palladium Bars

Palladium bars offer a quality alternative to IRA-approved palladium coins. Like their coinage counterparts, IRA-approved palladium bars have fewer options than gold, silver, and platinum investment options. However, palladium bars do offer benefits that include a greater variety of weight options and lower premiums compared to palladium coins from sovereign mints. The following are examples of popular IRA-approved palladium bars:

• Valcambi Suisse Palladium Bars: The standard bar design available from Valcambi Suisse is also issued in palladium alongside gold and silver options. The bars include .9995 pure palladium, an assayer’s mark, serial number, and the corporate logo of the refinery.
• PAMP Suisse Fortuna Palladium Bars: The most popular design from PAMP Suisse is also available in palladium. Fortuna is the Roman goddess of fortune and appears on various bars from PAMP. The palladium bars in this series are available in weights that range from 1 Gram, 5 Grams, and 1 Troy oz up to 100 Grams, 500 Grams, and 1 Kilogram.

In order to qualify as IRA-approved palladium, bars must meet similar qualifications as coinage. The palladium bars must come from refineries with assayer’s which as NYMEX- and COMEX-approved and the bars have to contain a minimum purity of .9995 pure palladium.

Background on Palladium

Palladium is a lustrous, silver-white transition metal that was discovered in 1803. William Hyde Wollaston discovered the metal and named it after the asteroid Pallas. Palladium falls into the group of platinum metals and has similar chemical properties, but is known to have the lowest melting point and is the least dense of the metals in this group. More than 50% of the world’s palladium supply is used in the production of catalytic converters for the automotive industry.

Recycling is a primary source of palladium in the modern era, with exhausted catalytic converters recycled for scrap palladium. Natural ore deposits of palladium are most prominent in the Bushveld Igneous Complex in South Africa, the Stillwater Complex in Montana, USA, and the Sudbury Basin in Thunder Bay, Ontario, CA.

IRA-Approved Palladium in Precious Metal IRAs

Palladium is available for investment in Precious Metal IRAs in the same fashion that gold, silver, and platinum are leveraged as investment options. The popular IRA-approved palladium coins and bars mentioned above can be used in Precious Metal IRA accounts, both traditional and Roth versions.

Contact JM Bullion with Questions about IRA-Approved Palladium

If you have any questions about investing in palladium with IRA-approved palladium products, feel free to reach out to JM Bullion. Our customer service team is available to you at 800-276-6508, chat with us live online, or simply send us an email with your inquiries.