U.S. Mint’s First Palladium Proof Coin
One of my main objectives when investing and dealing with money is to ensure I am well diversified and exposed to enough asset classes to balance where income and capital appreciation can come from under any type of market cycle. While cryptocurrencies are one of my favorite sectors, another that that I like are precious metals. Whether it be the collector spirit in me or the fact to have real assets that I can control fully, I like to add to my precious metal collection every once in a while.
I saw that the United States Mint is offering a Palladium Proof Coin for the first time. The offering will be limited to 15,000 and subject to a one per household restriction. I had never saw a Palladium coin so I was immediately interested as it could be something different for my collection.
I read that Palladium as a metal is 15 times rarer than Platinum and 30 rarer than Gold so I see it interesting that these rarer metals have been trading at a discount to gold. However, it seems to be because the demand for these metals in industrial and manufacturing have gone down due to substitutes while gold has the benefit of the investment and jewelry side.
However, I like rarity so thought it would be interesting to add this to my collection. I know there is a big Gold and Silver Community here on #STEEM so I am wondering what have others been thinking about this.
I was convinced to buy it the morning of the launch as I got an email from a supplier I have used in the past for other coin purchases offering $225 above the purchase price to buy for them. I guess it had to do with the sale being limited.
Only 10 minutes after the purchase I decided to go back in and see availability and there were already sold old! I am glad I was there exactly at the time of launch as I would have missed what seems to be a great opportunity for my collection.
What do you think of this recent addition! I know there are some stackers out there so I want to hear from you! Let me know your thoughts and feedback in the comments below!
Title Image is A Screenshot Taken from an Email from the United States Mint
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