Russia is one of the world’s leading palladium producers and produces over 40 percent of the global supply. The country’s production is a source of pride for Russians everywhere, and a beautiful way to show it off is by minting palladium coins.
The Soviet Union was among the first countries to issue palladium coins, and it continued with the Palladium Ballerina series after the fall of the USSR. These beautiful coins honor the famous Bolshoi Ballet and feature a new design with each date mark.
The Obverse
The obverse (front) of Russian palladium coins features a ballerina dancer. This design was created to honor the Bolshoi Ballet, a famous ballet company in Russia with significant cultural significance.
Palladium is a precious metal that’s used in a wide variety of industrial applications, including catalytic converters and hydrogen storage for cars. The metal is also used for jewelry designs and medical technology.
These coins are a great investment for bullion investors and collectors alike because they can be purchased at a much lower price than most other coins. They also offer more numismatic value and rarity than other coins.
These coins have a variety of weights, with 1 troy oz, 1/2 troy oz, 1/4 oz, and 1/10 oz versions available. They are issued in Brilliant Uncirculated and Proof conditions.
The Reverse
Russian palladium coins feature the ballerina dancer en pointe, a cultural icon in Russia. The obverse side depicts the ballet, while the reverse features a design representing the Soviet Union.
These coins were minted by the Moscow Mint from 1989 through 1995. During that time, the Soviet Union was experiencing major economic and political problems.
Instead of circulating the coins in silver or gold like most other government mints, the Soviets chose to mint them in palladium, Russia’s largest source of this metal. The hammer and sickle symbol of the USSR adorned the reverse of each coin, with the face value, country of issue and year of mintage displayed below.
The Weight
Palladium is not as common as gold or platinum, but it is a great option for investors and collectors alike. Its lower price compared to gold and platinum along with its industrial demand make it a popular investment option.
Russian palladium coins are one of the best options for those looking to diversify their portfolio. They pack every penny of their weight in palladium and can be a great way to invest in a rare coin.
They can also be a great addition to a precious metals IRA. Only IRS-approved bullion can be added to these investment vehicles, and palladium is considered a safe bet for long-term value.
The reverse side of the Russian palladium ballerina features the national emblem of the former Soviet Union, a hammer and sickle surrounded by a globe and wheat field. Below that, the coin’s face value and year of mintage are engraved.
The Price
Russian palladium coins are a great way to diversify your portfolio. They are a safe investment that doesn’t cost as much as gold or silver, but still offer a high premium for both numismatic value and rarity.
They also have a historical significance that many investors are attracted to. They were produced by the Soviet Union during its final years as a world superpower.
These coins have the hammer-and-sickle symbol of the Soviet Union on the reverse side of each coin. Beneath the CCCP symbol is the face value and date of manufacture.
Palladium is a precious metal that is far more rare than gold and platinum, which makes it a popular choice for industrial applications such as catalytic converters. Its price also soared in recent history, outperforming gold and silver.
