The United States Mint officially launches the First Ever American Palladium Eagle on September 25, 2017. The newest addition to the Bullion Coin Program is exceptionally beautiful, highly detailed, and limited in mintage…
The first ever palladium coin minted by the US Mint has been a long time in the making…
In 2010, the American Eagle Palladium Bullion Coin Act was signed into law. The design may have been etched into stone with public law, but that was not the end of the legal hurdles, it was just the beginning.
The law required feasibility and marketing studies, and those had to be conducted and completed before the mint could move forward on the coin. Factors such as production costs, palladium costs, supply and demand studies and myriad research would not be be settled over a few weekly brainstorming sessions. It was going to take years.
Finally, after years of background work required by the legislation, the US Mint was given the green light by congress in the spring of 2013.
Fast forward to 2017, add in some cost savings via the re-use of the original 1907 eagle plaster featured on the American Institute of Architects Gold Medal, a healthy rally in the price of palladium, and the long but patient wait is now over.
The coin will officially launch on Monday, September 25th.
America’s first ever palladium coin, The American Palladium Eagle is another way to diversify the precious metals portfolio beyond just gold, platinum and silver. The United States Mint now offers all of the precious metals in various US Government coins, and this coin in particular is exceptionally beautiful:
American Eagle Palladium Bullion Coins come in a one ounce size only.
The front of the coin, called the “obverse”, features a likeness of “Winged Liberty”, which is commonly referred to in the precious metals community as the “Mercury Dime”. The obverse is by famed American coin designer Adolph A. Weinman:
The back of the coin, called the “reverse”, features a version of Weinman’s 1907 American Institute of Architects (AIA) Gold Medal reverse, which includes an eagle and a branch.
As was required in the law that gave birth to the Palladium Eagle, the coin weighs one troy ounce of .9995 fine palladium, and it has with a face value of $25.00. There will be no fractional sizes of the coin, and the mintage will vary from year to year as with the other American Eagle coin programs. The US Mint considers the coin “high-relief”, meaning the details are extra crisp as the coin has various details of varying height from the lowest point on the coin to the highest. Brilliant uncirculated is launching next week, but the US Mint is planning a proof version for 2018 in addition to BU.
The American Palladium Eagle joins the ranks of just a few sovereign mints around the world that offer palladium coins.
However, there is one striking difference with this coin, pun and no pun intended:
As the American Silver Eagle is the most popular silver coin in the world, and as the American Gold Eagle is instantly recognizable world-wide, for both the quality and the beauty, the American Palladium Eagle is sure to become an instant classic.
The very limited mintage of the American Palladium Eagle will be sought after not just in the United States, but all around the globe. From North America to Europe, and extending into Asia, many people will choose to purchase one, but only 15,000 coins will find a home.
Just another reason it’s called precious…