The American Palladium Eagle is the official

palladium Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself ...

bullion coin Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...

of the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

. Each coin has a face value of $25 and is composed of 99.95% fine palladium, with 1 troy ounce actual palladium weight.

History

The Palladium Eagle was authorized by the American Eagle Palladium Bullion Coin Act of 2010 which became Public Law 111-303 passed during the

111th United States Congress The 111th United States Congress was a meeting of the legislative branch of the United States federal government from January 3, 2009, until January 3, 2011. It began during the last weeks of the George W. Bush administration, with th ...

in December 2010 and signed by President

Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first Af ...

. The coin uses

Adolph Weinman Adolph Alexander Weinman (December 11, 1870 – August 8, 1952) was a Germany-born American sculptor and Architectural sculpture, architectural sculptor. Early life and education Adolph Alexander Weinman was born December 11, 1870 at Durmershe ...

's obverse design on the Winged Liberty Head " Mercury" dime,

Liberty Liberty is the ability to do as one pleases, or a right or immunity enjoyed by prescription or by grant (i.e. privilege). It is a synonym for the word freedom. In modern politics, liberty is understood as the state of being free within society fr ...

wearing a winged hat, while its reverse design is based on Weinman's 1907 American Institute of Architects (AIA) medal design. The Mint was directed to obtain an independent study of whether there would be enough market demand to justify the issuance of the piece; it voided its first contract for such a study on learning that the contracted firm had ties to the palladium industry. The contract was re-awarded to New York-based CPM Group, which conducted the necessary research between May and July 2012. On , the Mint submitted a report to Congress based on the study, finding that demand would most likely not be sufficient to sustain a market in palladium bullion coins. A bullion version sold directly to the

United States Mint The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; tha ...

's authorized purchasers was released on September 25, 2017 and a

proof Proof most often refers to: * Proof (truth), argument or sufficient evidence for the truth of a proposition * Alcohol proof, a measure of an alcoholic drink's strength Proof may also refer to: Mathematics and formal logic * Formal proof, a c ...

version priced at $1,387.50 was released on September 6, 2018. Both offerings were met with a strong response; the 2017 bullion version sold out the day of release and within five minutes, sales of the 2018 proof version were suspended pending verification of the existing 14,782 of 15,000 maximum orders. Secondary market sales for the proof version were also strong on September 6 with many listings selling at a $600 premium over the Mint's asking price. A 2019 reverse proof version was released on September 12, 2019.

Mintage figures

The mintage of the 2017 Bullion and 2018-W Proof finishes were limited to a maximum of 15,000 pieces each while the 2019-W Reverse Proof finish is limited to 30,000.

References

External links

American Eagle Palladium Bullion Coins
an
Proof Coins
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{{coin-stub Currencies introduced in 2017 Goddess of Liberty on coins Eagles on coins Bullion coins of the United States Palladium bullion coins

History

Mintage figures

See also

References

External links