The secondary market for 2017 American Eagle palladium bullion coins heated up well before the U.S. Mint’s offering of the coins to its authorized purchasers began at noon Eastern Time Sept. 25, with the coins bringing prices well above their intrinsic value.
The Scottsdale Mint offers a new silver bullion coin minted in the name of Barbados, following issues for Cayman Islands, the Republic of Chad and others. The 1-ounce .999 fine silver dollar of Barbados depicts the national symbol, a trident head (as it appears on the Barbados national flag), on the reverse, along with the face value.
As this week’s Editorial indicates, premiums were already well above those charged for similar products, even before the coin was released for sale.
Authorized purchasers placed orders Sept. 25 with the U.S. Mint for for 15,000 1-ounce 2017 palladium American Eagle $25 bullion coins, the nation’s first coin struck in the precious metal. U.S. Mint officials declined to disclose how many of the palladium American Eagles will be struck.
The Czech Mint has issued its first bullion coin, the 1-ounce .999 fine silver Lion. The 2017 dollar, struck in the name of Niue, is an exclusive product released through American Precious Metals Exchange.
Gold nuggets from multiple sources and a more than 1,000-ounce silver ingot retrieved from a World War II shipwreck helped highlight Kagin’s Auctions Sept. 15 sale held in conjunction with the CoinExpo Santa Clara in Santa Clara, California.
A two-day Silver Industrial Conference is being hosted Oct. 26 and 27 at the Embassy Suites hotel in downtown Washington, D.C., by The Silver Institute. Eight speakers with dedicated topics on silver as well as a panel discussion on the outlook for silver have been scheduled.
The first palladium American Eagle bullion coins will be offered for sale Sept. 25 by the U.S. Mint to its authorized purchasers. The 1-ounce .9995 palladium $25 face value coins will be limited to the initial production (but that number is not yet disclosed).
A complaint filed Sept. 6 in a federal court by the CFTC alleges Newport Beach, California, Monex Deposit Company and several affiliate firms defrauded thousands of customers out of more than $290 million from “illegal, off-exchange retail commodity transactions.” Monex officials have denied the CFTC’s allegations contained in the complaint.
Bullion coins like the Panda or Koala depict cute native animals, but a new silver bullion coin issued by Scottsdale Mint brings a bit of a sting. The Deathstalker Scorpion 1-ounce .999 fine silver coin, denominated 500 francs CFA and issued for Chad, is now available from Scottsdale Mint.