While the Russian Federation, formally known as the USSR, may hold the title of minting the most palladium coins worldwide, it is not the only country to use the rare metal to make coinage. Other countries like that of Canada have minted a small amount of palladium coins, some of which have become very popular and are sought after by coin collectors.
The Big and Little Bear Constellation palladium coin set is one popular group of Canadian palladium coins. There are four versions of the coin which display the Big Bear and Little Bear constellations as they would appear from the nation’s capital of Ottawa. The coins are also made to display the constellations for each season—spring, summer, winter, and fall.
Struck by the Royal Canadian Mint, the Big and Little Bear Constellation palladium coins were named “Most inspirational Coin” in 2007. Only 1200 of the coins, which contain 99.95% pure palladium, were minted making them a highly sought after coin by investors and coin collectors.
Another palladium coin which contains 99.95% pure palladium is Canada’s Palladium Maple Leaf. These one troy ounce palladium coins were first minted in 2005 with a face value of $50. They are considered the most popular of palladium coin. The Palladium Maple Leaf design bears an image of Queen Elizabeth II on the obverse side. The reverse side of the coin contains the country’s symbol, the maple leaf. The coin was initially made as a replacement for the Platinum Maple Leaf coins, which in 1999 were discontinued.
While the Palladium Maple leaf was the first palladium coin to be minted, other countries have been minting palladium bullion. Initially there was very little interest in the palladium coins which were limited to 40,000 in production for the first year. However, as the price of metals has increased in recent years more people are seeking out palladium as a form of investment. Palladium coins are highly sought after as the price of the rare metal fluctuates much like that of gold and silver.
As more people invest in precious metals, palladium is becoming more and more desirable. Its rarity and high demand make it a great addition to any investor’s portfolio. In addition, the silvery-white metal is less expensive than its cousin platinum, which makes it a more reasonable purchase for those who cannot afford or are hesitant about purchasing other highly sought after metals.