Top 5 Palladium Coins for Investors

Coins made of palladium are very difficult to find because they are incredibly rare and they are an exciting precious metal. This is something they have in common with platinum, though Palladium itself has much less representation as far as bullion coins are concerned, and this is very evident when talking about coins that have IRA approval. It may be hard to find excellent Palladium coins that you can invest for retirement within your portfolio, but we’d like to help you discover the top five options that you’ll find out more about on this page.

As mentioned, we are going to go over five of the most well respected Palladium coins made of bullion that you can invest in as part of your IRA account or you can buy them for your overall investments to put in your portfolio. In order to purchase this precious metal for your IRA account, they have to meet the minimum purity levels set forth by the IRS who determines these grades of fineness.

When all is said and done, the IRS has incredibly rigorous standards of purity that must be met when purchasing IRA acceptable Palladium bullion coins. They must have a fineness of.9995, which equates to 99.95% and it must be pure palladium. The IRS also expects these coins to come from foreign governments that they have personally approved. Last but certainly not least, when you purchase palladium for your IRA account it must be real and authentic bullion. Otherwise buying rare, collectible, or high premium coins that sell for more than the spot price aren’t considered bullion that you can buy for a precious metals account.

Overview of Investing in Palladium Coins

It’s possible to buy physical palladium for your IRA account using two different methods. You can either purchase the precious metal in the form of palladium bars, or you also have the choice of purchasing palladium coins. It’s up to you to decide which method is more significant and better for your retirement.

At the end of the day, it doesn’t matter which investment vehicle made of palladium that you actually end up choosing. Just know that you’re making this choice because you have little to no faith in paper currencies, and you actually trust palladium and other precious metals more than the monetary devices issued and set forth by your government.

Keep reading to discover our five favorite palladium bullion coins that all have IRA approval.

Palladium Canadian Maple Leaf Coins

The Maple Leaf coins minted in Canada are very attractive, well-liked, and quite versatile since the Royal Canadian Mint and the government issues them as a very beloved series. The palladium version is only one option because they also sell gold, platinum, and silver Maple Leafs as well.

Another interesting thing is this is the only palladium coin minted in Winnipeg, yet it’s recognized as legal tender from the Canadian government. Canadian mint is forward thinking, cutting-edge, and exciting as you can imagine, and they’ve definitely set the standards with this incredible coin.

In 2005, this is the first time the palladium Canadian Maple Leaf was originally minted and they put out 40,000 coins. In the next two years, they cut production to 15,000 coins per year in 2007, and then after that they stopped producing palladium coins altogether. But global consumer demand began to rise for palladium bullion products, because of the Great Recession and the major financial crisis. So they started a production on these coins again in 2009 and released them in limited quantities in an effort to reach the latest areas of demand.

Since the stockpile of palladium around the world is found in South Africa and Russia, it can be hard to get your hands on this source consistently in order to produce these coins. That’s why you can bet that so few palladium coins exist today and why the countries that meant them to do not produce as many palladium coins as they do platinum, silver, and gold coins. There’s no doubt that the Canadian Maple Leafs made of palladium are incredibly rare in the rarest options of the Maple Leaf coin series.

Palladium Russian Ballerina Coins

The IRS has only approved one other palladium coin, and that is the Palladium Russian Ballerina. This coin is very attractive and many investors like it because it has cultural and historic appeal. It provides a lasting legacy of the Communist Empire during the Cold War era Soviet Union. During the final days the Soviets attempted to boost pride in mother Russia by creating these coins. These ballerinas made of palladium were available for citizens in the Soviet Union to take pride in the ballet and the cultural beauty that it possesses that most traditional Russians truly cherish.

Members of the Soviet Union chose palladium because they have a major supply of this precious metal since they control more than 40% of the production because it’s found in Russia. This is an estimate that we can give because the government in Russia wants to keep the aggregate secret, so we do not know the true amount although we think this is relatively on point.

The mint in Moscow struck these Palladium coins between 1989 in 1995. They are unique because the Soviet Union was no longer in power as of 1991, yet they continue to let these coins and door for four more years before completely abandoning all vestiges of the failed Soviet Union altogether. Once they halted production in 1995, demand for these coins suddenly began to rise because they became more precious because they represented an empire that no longer existed.

When striking the Russian ballerina coins, they made them at three weights. But they only produced the half Troy ounce and one Troy ounce coins in any significant quantities. The denominations are 10 rubles and 25 rubles for the Palladium Russian ballerina, which is a picture of Swan Lake with Odette dancing on the coin.

Palladium Australian Emus Coins

Even though these coins do not have precious metals IRA approval, they meet the purity requirements so they probably should. And they actually fall under many of the mandates set forth by the IRS. In fact, they meet the most important requirement of all because they contain .9995 fine and pure palladium. And they are struck in the Perth Mint of Western Australia, which is where they produce all of the bullion coins in the land down under, so that shouldn’t be a problem either.

This coin represents a picture of the IMO, which is the largest native bird in Australia, and the coins aren’t actually considered a commemorative edition. They were issued for a number of years throughout 1998, but critics in the Internal Revenue Service feel they are too collectible since only 2750 these coins were minted each year that they were produced, which makes them fall under the commemorative or rare banner.

Even though the IRS has determined these coins to be ineligible, they are still a great coin to own boost your retirement value, as a collectible, or is another type of investment. They were originally released by the Perth Mint which makes them an excellent choice, because this institution has been around since 1899, it produces high quality coins, it’s well respected, and the craftsmanship that they use with modern techniques include coloring and gilding. Many consider the Perth Mint to be one of the elite members of the global mint community and they produce gold, silver, and platinum issues of legal tender that many people trust all over the world.

Palladium Isle of Man Angel Coins

The reputation of the Isle of Man is envied all around the world but especially in the investing in numismatic community because they issue gorgeous pieces of platinum, palladium, silver, and gold. They produce Angels that are known throughout the world within the Pobjoy Mint, which is the largest private mint in Britain. They focus their efforts on producing uncirculated coins.

Their Palladium coins consist of a fineness of.999. This means they aren’t qualified for a precious metals IRA because they do not meet the minimum purity standards. Although these beautiful coins are only available in a limited quality of the thousand coins most years, they are rare, well-respected, and probably considered collectible coins which as we know aren’t also acceptable in an IRA. This coin contains the image of the arch Angel Michael fighting and killing a dragon, which means it is a gorgeous coin with a beautiful picture that can take your breath away.

Palladium Chinese Panda Coins

The purity standards of the China Panda coins do not match with the fineness levels expected by the IRS, so you cannot include them within a Palladium IRA. In 1989, 16 panda coins were produced in in this country by the People’s Bank of China. 10 of these coins were made of gold, one was made of platinum, four was made of silver, and the last was made of palladium. Believe it or not, this was the only year that China issued palladium panda coins, so it is a very rare coin indeed and it’s backed by the Central Bank of China and considered legal tender. These coins have a face value of 50 or 100 yuan. They also issued palladium pandas in 2004 and 2005 as collectible editions.

These Palladium Pandas that are considered legal tender have a purity rating of 99.9% pure, which is a little short of the 99.95% purity expected by the IRS for inclusion in a precious metals IRA. And the fact that it’s limited to only 3000 coins from the Shanghai Mint means that it’s a rare coin as well and a collectible, which also disapproves it from IRA inclusion.

Why Should I Invest in Palladium Coins?

There are a wide range of reasons why you might want to invest in palladium precious metals. And they’re even more reasons why you might want to consider your options between palladium bullion bars and palladium bullion coins. A few things to consider include:

  • There is a lot more liquidity investing in Palladium coins as opposed to investing in Palladium bars. Collectors and individuals prefer coins over bars, so it would be easy to trade or sell them when needed.
  • Collectors also prefer coins over bars. By having this additional appeal, it will add more value for potential investors and attract more people to buy your coins.
  • These palladium bullion coins are considered legal tender and have value on the face of them. In a difficult financial situation, you can use them to buy goods and services, although the process more value than their face value so keep that in mind.