Palladium was discovered in 1802 and, initially, was the subject of ridicule due to the fact that it was mistaken as an alloy of platinum. Today, palladium is produced in very few places in the world, is relatively rare, and as such its value is placed roughly between that of gold and silver.
Palladium is primarily used in the automotive industry as a catalyst in exhaust systems to reduce the amount of harmful gasses released into the atmosphere. It is also used in dentistry, jewelry and watch making, and for surgical instruments. Palladium is also used in the production of white gold.
Palladium coinage and bullion isn’t common and is typically minted as commemorative coins in Canada, Russia (also in the former Soviet Union), France, Portugal, China, the United States, and Australia, among other nations. One of the most common palladium coins is the Palladium Maple Leaf, minted in Canada.
The Bullion Bank sells palladium coins in Chantilly, VA. and residents in Vienna, Centreville, Fairfax, Burke, Tysons Corner, Sterling, and Herndon are only a few short miles away from obtaining this rare precious metal here in our shop.
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