#1 Palladium Coins Buyer in Las Vegas
Palladium coins are scarce, and selling them may be more challenging than selling other types of coins. Nevada Coin Mart buys palladium coins and guarantees you a free and honest appraisal and evaluation. Nevada Coin Mart uses an X-Ray Spectrometer that tells the exact amount of palladium in your coin before it is weighed and paid according to palladium’s spot value.
Palladium Coins We Buy
- Canadian Maple Leaf Palladium Coins
- Cook Islands Palladium Coins
- American Eagle Palladium Coins
- Russian Ballerina Palladium Coins
- Chinese Panda Palladium Coins
- Australian Emu Palladium Coins
Background of Palladium
Palladium is a member of the platinum family discovered in 1803 by William Hyde Wollaston, a year before discovering rhodium. It is a silvery-white metal that has been popular first in the automotive industry. It is so rare that it is 15 times rarer than platinum, 30 times rarer than gold, and approximately 100 times rarer than silver.
South Africa produces more than 70% of the world’s palladium supply, while 20% comes from Russia. Palladium has become one of the economic pillars for both countries, and any problem with its mining and production will significantly affect their entire economy.
Palladium is lesser-known than gold, silver, and platinum but can offer an excellent investment opportunity for many. It is traded in the stock market as XPD.
History of Palladium in Coinage
Palladium coins were only first issued in 1966 in Sierra Leone, though discovered early in 1803. In 1967, the Kingdom of Tonga followed. Years after, palladium coins have been released in many other countries like Australia, Canada, China, France, the Soviet Union, Palau, Portugal, Russia, and Slovakia, usually as commemorative coins. The United States only started minting palladium bullion coins in 2017, known to collectors as the American Palladium Eagle. Still, it has already been one of the most popular palladium coins we have today.
Since 1903, palladium is commonly used in the automotive, chemical, electrical, and dental industries. With this extensive demand, palladium collection in the form of bullions and coins increase in value.
Although palladium coins are rare and highly valuable, it may be more challenging to sell them than silver, gold, and platinum because of their low demand. But their popularity is gaining interested buyers, so it still is considered an excellent investment to many.
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