American Palladium Eagles
American Palladium Eagles were authorized by Congress with the American Eagle Palladium Bullion Coin Act of 2010 – Public Law 111-303. Their release will mark the fourth precious metal to be represented by the Eagle Program which already included Gold, Silver and Platinum.
As a bullion strike of the United States Mint, the Palladium Eagles will have their weight, content and purity guaranteed by the United States Government. That same guarantee also applies to the other three Eagle programs and makes the Eagle series ideal investment options as their liquidity is easily recognized by markets around the world.
Before the Mint can start striking the new coins, however, the authorizing act requires that a marketing study be done by an independent third party to determine whether or not there is adequate demand for the product. If such demand is found, the Mint will begin striking them within one year of that reports submission to Congress.
When minted, each coin will contain one troy ounce of .9995 fine palladium and feature a face value of $25. The coin’s diameter and width will be determined through by the US Mint through the Treasury Secretary.
The coin’s obverse and reverse designs will be based on the work of noted artist Adolph A. Weinman. The obverse will feature Weinman’s well-known "Winged Liberty" design that was first used on the circulating 1916-1945 dime known by many as the "Mercury Dime." The reverse will contain a version of Weinman’s 1907 American Institute of Architects medal. Both will be struck in high relief along with the required inscriptions of LIBERTY, IN GOD WE TRUST, UNITED STATES OF AMERICA and the coin’s weight and fineness.
Weinman’s work can also be found on the popular American Silver Eagle which features his "Walking Liberty" design on the obverse.
Along with the bullion Eagles, the Mint may also strike collector grade versions in both proof and uncirculated finishes. The authorizing Act requires that if such coins are struck, the proof coin’s be struck at the US Mint’s facility in West Point. The bullion coins may be struck at any facility other than West Point. Another requirement of the Act states that if collector grade coins are struck, their surface treatment should vary is some manner from year to year.
When available, the Palladium Eagle Coins will be sold through the Mint’s network of authorized purchasers and will not be available directly by the Mint. All of the bullion products of the Mint are sold through the network which obtains the strikes in large lots, only to resell them in smaller quantities to coin dealers and individuals.