American Palladium Eagle Coins

palladium coin icon USA flag icon Palladium Eagles - the US Mint's first-ever palladium coins

The American Palladium Eagle coins are the newest addition to the American Eagle bullion coin series. After already having been authorized by Congress in 2010, the first 15,000 brilliant uncirculated coins were finally released by the US Mint on the 25th of September 2017. The Philadelphia branch of the US Mint produces the coins out of 99.95% pure palladium. Whereas the American Platinum Eagles are minted in four different sizes, the palladium version of the coins only exists in the common size of 1 oz. The American Palladium Eagles have an official face value of US $ 25 and are the first-ever coins out of palladium whose weight, precious metal content and purity is guaranteed by the government of the USA.

The brilliant uncirculated version of the coins is produced at the US Mint's Philadelphia branch. The coins leave the mint packaged in tubes of 10 and boxes of 100 coins. Proof coins that will be produced at the West Point branch are already scheduled to be released in 2018. It is possible that even burnished uncirculated coins will be released in the future. American Palladium Eagles are eligible for inclusion in precious-metal-based Individual Retirement Accounts (IRA's).

obverse side of the 2017 issue of the brilliant uncirculated 1 oz American Palladium Eagle coin
reverse side of the 2017 issue of the brilliant uncirculated 1 oz American Palladium Eagle coin

Coin Specifications

Weight Face Value Purity Diameter x Thickness
1 oz US $ 25 99.95% 32.7 x 2.5 mm

Design

Both sides of this new coin use historic designs that were originally created by Adolph A. Weinman, one of the most famous American coin designers. The high-relief obverse design displays Lady Liberty wearing a winged Phrygian cap in a style that is reminiscent of the Roman god Mercury. In ancient Rome, Mercury was seen as the responsible god for messengers, financial gain, commerce, poetry, travelers, boundaries and luck. The "Winged Liberty" design on the obverse of the American Palladium Eagles is an adaptation of Weinman's classic design that was first used on the Mercury Dime. That silver coin was issued from 1916 until 1945. Many coin collectors consider the "Winged Liberty" design as the most beautiful design on any American coin. The obverse side also has the words LIBERTY and IN GOD WE TRUST engraved along with the year of mintage.

The high-relief reverse design of the American Palladium Eagle coins first appeared on the American Institute of Architects (AIA) annual gold medal in 1907 on which it has appeared every year since then. The design shows an eagle perched upon a rock and holding an olive branch in its beak. The United States Mint used the original reverse plaster of the AIA gold medal in the process of creating this new palladium coin. Weinman's design had never appeared on a U.S. coin before. The reverse also contains the inscriptions UNITED STATES OF AMERICA and E PLURIBUS UNUM as well as the $25 face value, 1 oz palladium weight and 99.95% palladium purity (Pd .9995 FINE).

Brilliant uncirculated coins do not display a mint mark on either side. However, the yet to be released proof and burnished uncirculated versions of the coin will display a mint mark of the US Mint facility that produces them.

History

The American Congress authorized the production of the palladium version of the American Eagle coins in 2010 already. The Treasury Secretary subsequently commissioned an independent third-party study by the CPM Group that was supposed to determine market demand for such a coin. The results of this study were submitted to the Secretary in 2013 and predicted the issuance of palladium coins as an unprofitable venture. Many collectors across the country were unhappy with the findings of this study though. Nevertheless, the US Mint confirmed in July 2016 that production of the bullion version of the new coins was underway at the Philadelphia branch of the US Mint. The coins were originally scheduled to still be released in 2016 but the release date was postponed to 2017. The first 15,000 American Eagle coins out of palladium were then finally released on the 25th of September 2017.

The American Palladium Eagle coins are the first-ever palladium coins that the US Mint produced and issued. Only brilliant uncirculated coins are issued for now but a proof version of the coins (produced at the West Point branch of the US Mint) is already planned for release in 2018. Burnished uncirculated coins may be the third and final version of the coins to be eventually released. Proof and burnished uncirculated coins will be sold directly to the public whereas brilliant uncirculated coins are sold through the US Mint's network of authorized resellers.

Mintages

A total of 15,000 brilliant uncirculated coins made up the initial release of American Palladium Eagle coins on the 25th of September 2017. All these coins were minted at the U.S. Mint facility in Philadelphia.

obverse side of the 2017 issue of the brilliant uncirculated 1 oz American Gold Eagle coin
reverse side of the 2017 issue of the brilliant uncirculated 1 oz American Gold Eagle coin

American Gold Eagles

The US Mint produces American Gold Eagles since 1986 with an obverse design that depicts Lady Liberty with flowing hair, holding a torch in her right hand and an olive branch in her left. This design is reminiscent of the historic Saint Gaudens Double Eagles. The 91.67% pure gold coins exist with brilliant uncirculated, proof and burnished (only between 2006 and 2008) finishes. Four denominations of 1 oz, 1/2 oz, 1/4 oz and 1/10 oz are available. Gold Eagles count among the most popular gold coins. By law, the gold that is used to mint American Gold Eagles must have been mined in the United States.

The American Gold Eagle page gives more information about the coins and allows you to compare current prices.

obverse side of the 2017 issue of the brilliant uncirculated 1 oz American Silver Eagle coin
reverse side of the 2017 issue of the brilliant uncirculated 1 oz American Silver Eagle coin

American Silver Eagles

The US Mint produces the American Silver Eagles since 1986. The coins are minted out of 99.9% fine silver and are offered with brilliant uncirculated, proof (no proof coins in 2009) and burnished uncirculated (2006 - 2008 and since 2011) finishes. Whereas the gold version of the coins is minted in four different denominations, Silver Eagles exist only as 1 oz coins. Another unusual feature for bullion coins is that the silver coins bear a totally different design (on both sides!) than their gold counterparts. The obverse side of the coins uses Adolph A. Weinman's famous "Walking Liberty" design that depicts Lady Liberty in stride towards the rising sun.

The American Silver Eagle page gives more information about the coins and allows you to compare current prices.

obverse side of the 2017 issue of the brilliant uncirculated 1 oz American Platinum Eagle coin
reverse side of the 2017 issue of the brilliant uncirculated 1 oz American Platinum Eagle coin

American Platinum Eagles

The US Mint produces the American Platinum Eagles since 1997. The coins are minted out of 99.95% fine platinum in the sizes of 1 oz (US $ 100 face value), 1/2 oz (US $ 50), 1/4 oz (US $ 25) and 1/10 oz (US $ 10). Buyers can choose between brilliant uncirculated and proof coins with the latter bearing the mint mark W for the West Point branch of the US Mint. Lady Liberty is portrayed in close-up on the obverse side of the coins and an eagle in flight is shown on the reverse. However, proof coins display a different unique reverse design each year. Burnished uncirculated coins (also with the W mint mark) were minted between 2006 and 2008 and displayed the same reverse design as the proof coins in these years.

The American Platinum Eagle page gives more information about the coins and allows you to compare current prices.