Monthly Greysheet Speaks with APMEX Numismatist about Palladium Eagle
In September 2017, the United States Mint released their first-ever Palladium Eagle, adding a new metal to the iconic American Eagle series. This 1 oz Palladium coin has been popular since hitting the markets. An APMEX team member was fortunate enough to be quoted in the January 2018 issue of the monthly Greysheet, which focused on these new Palladium Eagles.
APMEX Director of Numismatics Mike Garofalo spoke with the Coin Dealer Newsletter, also known as the Greysheet due to being printed on grey paper, and offered his thoughts on these immediately popular coins. “A great design, low mintage and a new metal equals a recipe for success. We cannot replace them fast enough as they are being sold.” He also noted the limited mintage, saying, “Most of these 15,000 coins are already off the market in strong collector and dealer hands.”
The Greysheet has been published since 1963 and was originally only available to coin dealers. It is now available to individual collectors and investors and is often thought of as the coin industry’s standard publication for both buying and selling prices for all major U.S. coins in a wide range of grades, including the exceptional American Eagle series.
Garofalo has nearly 40 years of experience in the Precious Metals industry, becoming an expert in both bullion and numismatic coins. He sees all types of buyers interested in the 2017 Palladium Eagles. “Collectors love the low mintage and the designs. Investors love the upside potential. … We have sold as many MS-70 coins as we have sold uncertified coins. The 70-graded coins are extremely popular.”
Shop APMEX now to find several options of 2017 Palladium Eagle coins, including raw and perfect-70 certified versions. Don’t miss out on this inaugural issue as the limited mintage means they will not be available for long.