A few times per year the US Mint sends me their catalog. Now, I understand that their PM proof coins have always sold at what I used to consider a fairly steep premium over spot. But I think they've gone over the edge.
In one or two cases at least, the premium was close to a grand. For example, one oz palladium eagle is selling for nearly $3k. Palladium spot is maybe $2200. $100 less on the bid.
Of course all of the gold coins seem to be sold out so I didn't even bother.
I'm not bitching though, I just don't get it. Admittedly, I'm not deeply in touch with either PM markets or collectible PM coins. And if they're actually getting away with this sh**, well damn son, congrats.
If US Mint coins coins were known for their collectible value, that would be one thing. And granted, they are generally "limited" runs, but that's a rather ambiguous term. And sure, some premium is certainly warranted. But when just the premium is close to 50% of spot, something seems off.