Palladium Eagles

Presented as the fourth option in the US Mint's American Eagle line-up will be the Palladium Eagles. These strikes will join the Gold and Silver Eagles which premiered in 1986 and the Platinum Eagles which debuted in 1997.

The Palladium Eagles were authorized by Public Law 111-303 - The American Eagle Palladium Bullion Coin Act of 2010. Aside from authorizing the coins and stipulating some of the specifications for the strikes, however, the Act also dictates that a marketing study be done by an independent third party and requires that the Palladium Eagles only be struck if that study finds a consumer demand present for the strikes. If that demand is justified, then the Mint will be required to start striking the coins within one year from the submission of the report to Congress.

Palladium used in the coins is to be from sources mined in the United States or its territories, if at all possible. Currently, the only domestic source of the precious metal is found in the state of Montana and mined at two locations by the Stillwater Mining Company.

The precious metal was first discovered in 1803 by William Hyde Wollaston who named the element after the asteroid Pallas. It is considered rare and is included as part of the platinum metals group which also includes platinum, rhodium, ruthenium, iridium and osmium.

Along with the bullion coins, the Mint is also authorized to strike proof and uncirculated coins. The bullion coins are to be struck at any facility other than the US Mint's facility in West Point. Assuming a proof coin is struck, it must be produced at the West Point facility.

The authorizing Act also requires that if collector versions of the coin are struck, their surface treatment differ in some way from the preceding year's release.

Sizes and Denominations

Only one troy ounce Palladium Eagles with a face value of $25 is required by the authorizing Act. That does not prevent the Mint from also striking other sizes of the coins for collectors, however.

The United States government guarantees the weight, content and purity of these coins, as it does for all of its bullion coins. This assurance makes the bullion coins of the United States Mint ideal investment options as their liquidity is easily recognized by markets around the world.

Palladium Eagle Designs

The obverse of the Palladium Eagle's will feature a well-known work of artist Adolph A. Weinman. Specifically, the coin will showcase a high relief version of his "Winged Liberty" design. This design was first used on the circulating dime that appeared from 1916-1945 that many know as the "Mercury Dime."

On the reverse, another design by Weinman will be used, although this time the work is much less well-known. It will contain a high relief version of Weinman's 1907 American Institute of Architects medal. Read more about Palladium Eagle designs.

American Palladium Eagle Specifications

Mintmark: None for bullion
Composition: 99.95% palladium
Weight: One Troy Ounce
Date of Issue: tbd
Mintages: Based on Demand
Obverse Designer/Sculptor: Adolph A. Weinman
Reverse Designer/Sculptor: Adolph A. Weinman

Palladium Eagle Resources