With all the focus on gold and silver precious metal products, there are other coins and bars produced in the platinum family of metals each year that go largely unnoticed. Among the increasingly popular precious metal coins struck today are those produced using one of the rarest metals in the world: palladium. What is palladium, and what kind of products are currently available on the market?
Palladium is a member of the precious metal family that also consists of platinum. In fact, palladium is part of the platinum group metals that features rhodium, ruthenium, iridium, platinum, and osmium. This particular precious metal was first discovered in 1803, and is considered one of the rarest metals in the Earth’s crust.
As a precious metal, palladium has a soft, silver-white metallic appearance that closely resembles that of platinum. Among precious metals, it is the least dense and has an extremely low melting point. Normally soft and ductile, palladium increases in strength and hardness when cold-worked.
Without question, the most well-known palladium coin is the Royal Canadian Mint’s Canadian Palladium Maple Leaf. The coin was first introduced by the RCM in 2005, expanding on the popular Canadian Maple Leaf series that already contains a gold coin (1979), silver coin (1988), and a platinum coin.
On the obverse side of the Canadian Palladium Maple Leaf is the standard image of England’s Queen Elizabeth. The reverse side of the coin features the sugar maple leaf, along with the engravings of “Canada” and the coin’s weight, purity, and metal content. Each coin contains 1 oz of .9995 pure palladium, and has a face value of $50 (CAD). Although they were not the first palladium coins issued, these were the first regularly issued palladium bullion coins.
In addition to the Canadian Palladium Maple Leaf, the popular Chinese Panda coin is also struck using palladium. Although not regularly struck, the Chinese Palladium Panda coin is struck in both ½ oz and 1 oz coins, and features the design of the year used by the mints in China. Other palladium coins are struck, or have been, by Russia, Bermuda, Samoa, and the Isle of Man.
The world’s major coin grading services provide certification on both bullion and proof palladium coins. The Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS) are both considered the finest grading services in the world, with certification from either adding to the value of a coin.
Each organization offers varying grades to coins based upon the condition of the coin’s surface and its luster. The following are some of the most common grades you’ll find on NGC and PCGS coins:
Palladium coins, like all other precious metal coins, are graded using the Sheldon numeric scale. Coins are graded from a low of 0 to a high of 70. Each step down the scale from 70 indicates greater damage to the coin and a more significant loss of luster.
When you purchase a palladium coin from JM Bullion, we proudly accept a wide variety of payment methods for your purchase. In addition to credit/debit cards and paper checks, JM Bullion also processes PayPal payments and bank wires. The details of purchases with these payment methods is overviewed below:
Your purchase from JM Bullion is important to us. When you buy palladium coins from our depository, your products are packaged in discreet packages and feature labels that do not include any identifying information (such as the JM Bullion name) to protect your shipment. All orders are packaged and shipped as soon as your payment clears and your order passes through our queue.
All JM Bullion purchases are shipped for free using either the US Postal Service or UPS. Customers can purchase quicker delivery methods for an additional price. Included in your free shipping is insurance on behalf of JM Bullion to protect your investment. If your package is lost or damaged during shipping, we’ll provide you with a full refund of your purchase or replacement products (as available).
If you have any questions about the palladium coins available through JM Bullion, our purchasing process, or shipping and handling issues, please reach out to one of our team members. You can reach a JM Bullion associate on the phone at 800-276-6508. For added convenience, we are also available online through our website’s live web chat feature and our email system.