Gold & Silver Forum - Palladium St. Gaudens coin on the horizon?

Gold & Silver Forum (http://goldismoney.info/forums/index.php)

- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)

- - Palladium St. Gaudens coin on the horizon? (http://goldismoney.info/forums/showthread.php?t=395705)

AndreaGail

07-31-2009 11:41 PM

Palladium St. Gaudens coin on the horizon?

Quote:

By Katie Ussin
KULR-TV
updated 1 hour, 52 minutes ago
BILLINGS - Stillwater Mining Company could soon get a boost. United States Representative Denny Rehberg Thursday introduced legislation that requires the U.S. Treasury to mint a 1907 Augustus Saint-Gaudens palladium bullion coin. Though the original coin was made of gold, the new coins would be made from palladium from the mine. Rehberg's intention is that by the mine making the coins, it would help ease the burden of losing its contract with General Motors. "Unfortunately, introducing this legislation is not going to offset the damage of General Motors canceling the palladium contract, but we'll do anything we possibly can to help the folks up at the Stillwater mine," said Rehberg. Stillwater Mine is the only domestic producer of the precious metal.

http://www.msnbc.msn.com/id/32229267...s-billings_mt/

mojo1

07-31-2009 11:52 PM

Re: Palladium St. Gaudens coin on the horizon?

There was some talk awhile back about a gold/palladium set.
I'd buy a set for sure. Hope they do it.

rodzm

08-01-2009 09:43 AM

Re: Palladium St. Gaudens coin on the horizon?

With 4 months left in 2009 I highly doubt the mint will take on another project like the Palladium UHR. Legislation states that UHRs can only be made in 2009 and the Palladium coin can only be made in a set with the gold UHR.

Looking at the current UHR price you can expect the set to sell for around $1700-1800 ($1289 for gold and probably $389 for Palladium coin????) Of course it will all vary according to spot at the time but I think a $150 premium on the Palladium coin is to be expected

SirSilverOzzyyzzO

08-01-2009 11:50 AM

Re: Palladium St. Gaudens coin on the horizon?

I just did a UHR Palladium dance. I'll be doing one, around noon, everyday until December 31st.

mojo1

08-01-2009 12:05 PM

Re: Palladium St. Gaudens coin on the horizon?

Quote:

Originally Posted by rodzm (Post 1846729)

If they do the sets those Palladium UHRs may end up worth a lot more than the AU. The numbers would be very low with the time left.

rodzm

08-01-2009 03:35 PM

Re: Palladium St. Gaudens coin on the horizon?

Quote:

Originally Posted by mojo1 (Post 1846849)

If they do the sets those Palladium UHRs may end up worth a lot more than the AU. The numbers would be very low with the time left.

Yup and more than likely they would place a limit of 1 per household which means the Palladium would probably get no more than 50,000. Why did I throw a 50,000 number out there because the mint sold 40,000 of the gold UHRs within the first few days. It may be less especially if they limit the mintage of sets to say 25,000. Hell it may end up being a lot less.

SirSilverOzzyyzzO

09-21-2009 02:07 AM

Re: Palladium St. Gaudens coin on the horizon?

Any new news on this front?

I keep searching for information, but keep coming up short.

All times are GMT -4. The time now is 03:59 PM.