U.S Mint Releasing 2020 Palladium Eagle

(September 8, 2020 - David Stuppler)

As of now, the U.S. Mint has plans to officially release the new 2020 1oz Palladium Eagle on September 24th with a mintage of 10,000. The coins will be produced in either Business Strike or Burnished (to be confirmed) with prices to be revealed a day or two prior to the launch. Mint State Gold has received several requests to pre-order this coin with a perfect grade of 70 PCGS and/or NGC. That all being said, we want to give our clients an overview of the best strategy to use to purchase this coin at the lowest price.

Two things to consider with this year's issue: the mintage of 10,000 and that for the first 24 hours the U.S. Mint is restricting sales to 1 per household. We estimate that about 5,000 coins will be sold to “High Margin Dealer Buying Groups” the first day. Those groups will be the first to market, offering exclusive labels at astronomical prices. This has been done numerous times in the past ten years with tremendous losses to the collectors.

We are strongly advising our customers to hold off buying the First Day of Issue at ridiculous prices. However, if the Buying Groups can purchase all 10,000 coins, history has shown the price will come back to reality in 3-6 months when their sizeable promotion and marketing periods end.  At that point, we will be able to purchase their excess supply at a greatly discounted price. This will work to our clients' benefit in the end.

Assuming everything goes as expected, we plan on purchasing a few hundred coins on the second day directly from the U.S. Mint. The coins will then be graded First Strike by PCGS or Early Release by NGC and our customers will get the best price. We will be offering these, as always, at a realistic fair market price to our clients directly.

To pre-order the 2020 Palladium Eagle, please email us at [email protected] or [email protected] to let us know if you prefer the coin in either perfect 70 by PCGS in First Strike or NGC Early Release. We will also be offering the coins in the Original Mint Packaging at the same price the U.S. Mint offers the coins if you wish to purchase them as well! Once we confirm our purchases with the Mint after September 25th, we will be happy to contact you on a first requested basis.