As one of the most popular palladium coins on the market today, the Russian Ballerina serves as a viable, cost-effective option for both investors and collectors. Ownership of palladium bullion offers similar investment opportunities as gold or silver, so coins like the Russian Ballerina are a favorite among those who wish to increase exposure to palladium.
Continue reading to learn a few quick facts, investment insight and a brief history of the 1-oz Russian Ballerina palladium coin.
Russian Ballerina Palladium Bullion Coin - Quick Facts and Brief History
|Type||Bullion (Investment), Numismatic (Collectors)|
|Mintage||1989-1995 by the Moscow Mint|
|Weights / Denominations||1-Troy Ounce (31.10 grams), ½-Troy Ounce (15.55 grams)|
|Front Design||The obverse (front) of the Russian Ballerina palladium coin depicts a female ballerina dancer. This design was developed to commemorate the Bolshoi Ballet, which has special cultural significance in Russia. Each issue of the palladium coin bears a different ballerina image.|
|Rear Design||The reverse design of the Russian palladium coin includes the signature symbol of the now defunct USSR. Beneath the signature globe and sickle symbol includes the coin's face value and year of mintage.|
|Brief History||Russian Ballerina palladium bullion coins have a brief history. They were produced to honor the cultural significance of the ballet. On a more general level, palladium was first discovered by British chemist William Hyde Wollaston in 1804. Palladium in fact is in the same family as platinum. The two metals are often found mixed together when mined. Palladium is a white, malleable metal that's found in parts of Russia, South Africa, the northern U.S. and Canada. The fact palladium is common in Russia is another reason for the Ballerina coin being produced. Palladium is used for a variety of industrial uses as well – from electronics and dentistry to jewelry and oil refining. Industrial demand for palladium though really took off in the 1970s with the introduction of catalytic converters in automobiles.|
|Why Buy?||Palladium coins like the Russian Ballerina offer another way to invest in precious metals that's not as expensive as gold or platinum. Its low price relative to gold along with the metal's industrial demand makes it an attractive option for investors. Collectors too are attracted to the Russian Ballerina palladium coin due to its rarity and the fact it features historic symbols from a prior era in human history.|
|Palladium Bullion Content||0.9988 Troy Ounces (31.06 grams) (1-ounce)
0.4980 Troy Ounces (15.49 grams) (1/2-ounce)
1-troy ounce Russian Ballerina Palladium Bullion Coin
½-troy ounce Russian Ballerina Palladium Bullion Coin
Palladium bullion coins like the Russian Ballerina offer a unique way to invest in and diversify your precious metals portfolio. These coins also provide a charming view into the history and culture of Russia. Coupled with its rarity, the Russian Ballerina palladium coin offers both an investment and collector’s item you can pass on to your heirs.
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