The forty-sixth element of the periodic table, palladium, was discovered in 1803 and named after an asteroid. More rare than gold or silver, the silvery element is found in only one location in the United States, the Stillwater Mine in Montana, and is present in a handful of other locations throughout the world. This substance is what gives white gold its signature color and it is also found in almost all catalytic converters. Keeping this information in mind, let’s take a deep dive into the world of palladium and discover the top ten facts about this precious metal.
- Every metal has a melting point and palladium's just so happens to be 2831 degrees Fahrenheit .
- Palladium is one of six metals belonging to the platinum family. The others are platinum, rhodium, ruthenium, osmium, and iridium. All these precious metals are known for their catalytic abilities when it comes to speeding up chemical reactions.
- Palladium was first discovered by chemist William Hyde in 1803. Hyde dissolved platinum in a nitric acid and hydrochloric acid mixture and once the platinum had fully dissipated, he noticed a secondary metal was left behind.
- A extremely malleable and tarnish-resistant metal, palladium has become a popular metal for use in jewelry-making and catalytic converters because it does not react with oxygen.
- Palladium has the ability to absorb up to 900 times its own volume in hydrogen, making it the perfect container to not only store hydrogen but also to filter it.
- For the most part, palladium is a biologically inactive element. This makes it ideal for use in jewelry-making due to its low likelihood of causing an allergic reaction.
- More than half of all the palladium annually mined is used in catalytic converters.
- Russia and South Africa supply about 40% of the world’s palladium, making them the highest producers each year.
- Palladium in naturally found alloyed with gold and other platinum grouped metals (PGMs).
- Jewelers began using palladium in 1939 as a platinum alternative when creating white gold. The precious metal is now periodically used in dental golds and other dental metals.
Looking for more information about palladium or thinking o investing in palladium bullion? Stop by any one of our Greater Seattle Area locations and speak with one of our precious metals experts!
Since 1979, Bellevue Rare Coins has been a trusted, family-owned business serving the Greater Seattle Area with locations in Bellevue, Lynnwood, Issaquah, and West Seattle. Specializing in gold, silver, diamond, and jewelry purchasing, in addition to dealing in rare coins. We now offer a vast selection of fine, vintage and custom designed jewelry. Visit anyone of our four friendly locations for the best deals selling or buying.