American Eagle 2018 One Ounce Palladium Proof Coin - now available

[DoubleCircle10]

11 minutes ago, *tada* said:

For retail it's about $90 to grade PCGS with first strike label if you only submit one coin. PCGS is more expensive than NGC in grading but generally fetches a premium in US on these modern issues.

And I recon PF69 FS would at least bring $150 premium to whatever raw coin is traded at that time (probably can get at least $2000), where PR70 FS would sell for >=$3000. 70 grade through rate should be pretty high unless the mint screws up.

What is the criteria for getting the first strike label? Does it have to be graded within the first x (2-6) weeks? Does it have to stay in unopened original mint packaging? Sorry if this is a newb question, I tried poking around on the PCGS website with no luck..... Just don't want to do something stupid and lose out, ya know? Especially with this big of a purchase...

[ZatStackz]

I really don't understand the first strike or early release labels or why collectors are willing to pay additional for those, especially on a coin like this.

The coin sold out in 5 minutes, so EVERY coin is a first strike and first day release.  Paying extra for a coin with that label is stupid.

[*tada*]

5 minutes ago, DoubleCircle10 said:

What is the criteria for getting the first strike label? Does it have to be graded within the first x (2-6) weeks? Does it have to stay in unopened original mint packaging? Sorry if this is a newb question, I tried poking around on the PCGS website with no luck..... Just don't want to do something stupid and lose out, ya know? Especially with this big of a purchase...

No worries everyone start as newb.

To get first strike/first release/early release labels PCGS/NGC has to receive it within 30 days since issuance. To submit you need to be a member (they charge annual fees and often give you several grading coupons with membership. Of course there are well-known forum members here that can submit on your behalf ( @Numistacker for NGC submission, for example). No need to be original package but it's easier to put it in a coin flip (non PVC, archival material) and attached a label to it as instructed by PCGS/NGC. If you don't submit within 30 days and still wants to get first strike, then you need unopened original package that shows the time of receipt.

 

 

[*tada*]

8 minutes ago, ZatStackz said:

I really don't understand the first strike or early release labels or why collectors are willing to pay additional for those, especially on a coin like this.

The coin sold out in 5 minutes, so EVERY coin is a first strike and first day release.  Paying extra for a coin with that label is stupid.

You're absolutely right. But there is strong demand in these special labels because the US modern issue mintage is generally high. And people buy it, sellers make $$, so it still stays for now...

[*tada*]

23 hours ago, sdd1jmc said:

Got one as well, trying to decide if keep it of go for the profit. If I keep it would send it to NGC.

 

Price up to $3300 now...

[999magnum]

2 hours ago, *tada* said:

Price up to $3300 now...

Ridiculous. We'll see what the price is in about a year.

[*tada*]

35 minutes ago, 999magnum said:

Ridiculous. We'll see what the price is in about a year.

Completely insane

the 2017 BU one is still keeping its insane premium after a year ...

[999magnum]

15 minutes ago, *tada* said:

Completely insane

the 2017 BU one is still keeping its insane premium after a year ...

I just checked for the first time on the 2017s. The prices are really insane. high $2300 for ms70.

[*tada*]

APMEX black label selling at $3500 now. That's 25% increase overnight. Demand outstripping supply and dealers are buying on the bay like crazy.🤯

I was reading the legislation which approved this coin issue and it seems the mint has to vary the surface finish every year?

Quote

The Secretary may issue the coins described in paragraph (1) in both proof and uncirculated versions, except that,  should  the  Secretary  determine  that  it  is  appropriate  to  issue  proof  or  uncirculated  versions  of  such  coin,  the  Secretary  shall,  to  the  greatest  extent  possible,  ensure  that  the surface  treatment  of  each  year’s  proof  or  uncirculated  version  differs  in  some  material  way  from  that  of  the  preceding  year. 

So next year we could see a special burnished finish?

[DoubleCircle10]

Does anyone know if dealers still have bounties out for this coin? I called my local coin shop and the guy seemed like he had never heard of a palladium eagle before. Its got me kinda of worried that there may not be as much hype as we think. Anyways, super excited to get this coin in the mail. Decided I'm gonna get it graded for sure. If it comes back a 70 there is just so much extra profit to be made.

[*tada*]

12 hours ago, DoubleCircle10 said:

Does anyone know if dealers still have bounties out for this coin? I called my local coin shop and the guy seemed like he had never heard of a palladium eagle before. Its got me kinda of worried that there may not be as much hype as we think. Anyways, super excited to get this coin in the mail. Decided I'm gonna get it graded for sure. If it comes back a 70 there is just so much extra profit to be made.

Many dealers are still buying (on eBay and by phone calls etc.). They need to rush to get it for grading.