Coins and Paper Money -> Bullion -> Platinum and Palladium
Palladium coins are extremely rare and they are one of the most valuable types of money that you can collect. If you have never heard of palladium before, or if you are curious as to what these coins are, there are a few things you should know. First, palladium is a type of metal that was discovered in 1903. It is very light in color, almost a silver/white shade. The man who discovered it, William Hyde Wollaston, named it after the giant Pallas, who according to Greek mythology, was slain by the goddess Athena.
This form of metal is considered to be a subset of the platinum group, making it very rare. Palladium is often used for coinage and bullion due to the fact that it melts very easily and is much easier to work with than other members of the platinum group. Coins made of this metal will resist tarnishing well and make wonderful display pieces since they are not as affected by open air as other metals.
Many countries have minted palladium coins, and strangely enough, Tonga was one of the first to do so. In 1967 they produced a run of these coins and collectors that are seriously involved in precious metals will always try to find at least one of these coins. However, the most collectible palladium coins in the world are the ones that were produced by the Soviet Union. Other countries that produced palladium coins include Canada, France, and Slovakia.
In addition to Russian varieties, there is another extremely rare palladium coin that is difficult to find. The Royal Canadian Mint produced what they called the Big Bear and Little Bear Constellation coins, with a run of only 1200 coins total. This is considered to be one of the smallest runs in the history of recent coin making. There are a total of four different coins in this run, and each one corresponds to a specific season. Collectors that can get their hands on these are considered to be very lucky.
When you’re shopping for palladium coins, there are a few things to remember. First, the dealer should be reputable. If you are dealing with an unknown, there is always a chance for fraud. Always ask for certification, references and do your due diligence before spending money. If a palladium coin is priced well below the current market value for palladium, this is definitely cause for concern. Remember, if it’s too good to be true, it probably is.
In addition to these steps, if you are dealing with a serious investment in a palladium coin, we highly recommend having a third party appraise the piece. This can help you determine the actual value of the coin and the appraiser will be well trained to spot any potential errors that may indicate that the coin is not legitimate. Don’t sink any money into palladium coins unless you are certain that they are authentic. Otherwise, you may find out too late that your investment is worthless.
Originally posted 2008-09-15 05:00:53. Republished by Blog Post Promoter
Related Posts -
Gold Coins Coins and Paper Money -> Coins: US -> Gold Before you decide to purchase gold coins, there are a few things that you need to know to avoid being taken advantage of. While most dealers are honest, it is vital to take these steps to ensure you are dealing with...... -
Colonial Money Coins and Paper Money -> Paper Money: US -> Colonial Currency If you are interested in collecting paper money, Colonial money is one of the hottest tickets going right now. When the first US colonies were formed, the nation and its currency system were still in their infancy. It was...... - World Coins Money -> Coins: World Collecting world coins is a rewarding and fascinating hobby. The first official coins were struck around the 6th century BC in Lydia, though metals used as a type of currency far pre-dates that, to Mesopotamia somewhere between 1500 and 2000 BC. Ancient coinage is fascinating, with......
-
Greek Coins Coins and Paper Money -> Coins - Ancient -> Greek Coins As a link to the ancient world, coins are an incredibly popular way to capture this history. Thanks to the minting process and the metals that were used, we can still enjoy many ancient coins today. Greek coins are...... - Paper Money Coins and Paper Money -> Paper Money: US -> United States Notes Paper money has a long and varied history that dates back centuries. Although we are used to dealing with paper money on a constant basis it was not too long ago that it wasn’t even used. Let’s take......
Related Websites - How to Play the Stock Market > How to Buy Stocks and Shares Online - Making Money BY.- http://www.ChatHotStocks.com It's no secret that online trading can be a very lucrative, yet highly competitive field, and the truth is that the stock market doesn't care if you are an experienced or a beginner trader.The rules and the opportunities are the same for everyone, so either you are going......
- Play with your Money! Today's lesson on personal wealth building encourages you to play with what you have. The Asset account is for intermediate-long term but higher risk than your stable long term account. Assuming you've set up the other accounts in respectable fashion, this is where you can blow your wad, or really,......
- China Buying Gold On The Sly! I just read this interesting article in the Financial Times. Seems like China has tired of US dollars and is looking to get rid of them. Beijing Bets on Bullion  By Patti Waldmeir in Shanghai , Financial Times, 6 May 2009 China is expected to keep buying gold to diversify......
-
Proper Diversification for Increasing Your Income If you're already leveraging your debt to produce more than one stream of income, you're pretty familiar with how the process works. However, it's really easy to get complacent when you're leveraging debt and you may be missing out on other opportunities if you're not looking outside your current comfort...... -
9 Ways To Finance Your Next Real Estate Deal A key element to being successful in the real estate business is having the ability to fund your deals once you have secured them with a purchase agreement. If you find tons of deals but have no way to fund and close them you are never going to take advantage of......
