Sell Palladium Coin to Buyers in Las Vegas & Henderson
Palladium coins are bullion coins made using palladium – a rare silver-white transition metal that physically resembles silver. It is assigned the code XPD by ISO 4217. The demand for palladium, so far, outstrips its supply. Since it is rare, it can actually be a little hard to sell palladium coins. But, despite its scarcity, it should not be ignored when one plans to build a precious metals portfolio.
The first palladium coins were issued around 1966 in the Republic of Sierra Leone. The Kingdom of Tonga, later on, issued palladium coins as well in 1967. All palladium coins are minted by a government. Most of the palladium coins in the world are commemorative coins.
In the United States, a bill authorizing the United States Mint to produce and distribute a 1 ozt palladium coin was passed into law on December 24, 2010. This coin was the American Palladium Eagle – a palladium coin assigned with a $25 face value, which was first issued in 2017.
The value of a palladium coin depends on different factors including the spot price of platinum and the coin’s condition, year, and mint mark.
The defining attribute of a bullion coin is that its value depends on the mass and purity of its metal content rather than its value as money. Despite being nominally issued as a legal tender with a face value of $25, a platinum coin’s value as money or currency is immensely lower than that of its value as a bullion coin. This is why when it comes to a palladium coin, it is important that sellers understand the spot price of palladium as a commodity to avoid getting low offers.
Aside from the palladium’s spot price, buyers also consider a palladium coin’s rarity, as well as its condition. This is why collectors and investors who plan to sell their bullion coins should learn how to properly store their items. Buyers would pay different amounts depending on a lot of factors, so doing some research would definitely go a long way in terms of getting good money for a palladium coin.
Best Place To Sell A Platinum Coin
At Nevada Coin Mart, we use noninvasive tests to see the mental content of a bullion item. If you want to sell your palladium coin for cash, you ought to bring your business to us instead of going to cheap pawn shops that perform tests that can damage your items permanently. Below is a list of some of the palladium coins we buy at Nevada Coin Mart:
- 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