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Category Archives: palladium

FIRST-EVER American Palladium Eagles: Order now!

 

Weekly Numismatic World News for October 1, 2017

Although the U.S. Mint has started shipping American Palladium Eagles, few have been available on the daily market. Most bullion dealers are offering these coins as a pre-sale with the expectation of receiving their coins on or about October 10 for shipment shortly thereafter. Pre-sale prices are averaging $85-200 over the spot price, which is […]

Have you bought your Palladium Eagle?

Quick update for those interested in the new Palladium Bullion Coin that was sold to authorized purchasers on Monday. The U.S. Mint added a link for the Palladium Bullion Coin to the American Eagle Coin Program web page. The web page provides scaled image of the coin and the design information. If you want to […]

POLL: Looking for Palladium Eagles after September 29

The U.S. Mint announced today that sales of the American Palladium Eagles will begin on September 29. As bullion issues, they are being sold through with authorized channels and not directly to the public. After seven years since the law was passed (American Eagle Palladium Bullion Coin Act of 2010, Pub. L. 111-303), these coins […]

United States Mint Launches New Palladium Bullion Coin Program

Sales to Authorized Purchasers begin September 25

WASHINGTON – The United States Mint today announced it will begin for the first time sales of a one-ounce American Eagle Palladium Bullion Coin to Authorized Purchasers on September 25.

As with American Eagle Gold and Silver Bullion Coins, American Eagle Palladium Bullion Coins will be made available through the United States Mint’s Authorized Purchaser network. Authorized Purchasers consist of major coin and precious metals wholesalers, brokerage firms, banks, and other participating financial intermediaries.

American Eagle Palladium Bullion Coins will be made available to United States Mint Authorized Purchasers at a 6.25 percent premium over the prevailing price of palladium.

Public Law 119-94 requires the Secretary of the Treasury to mint and issue palladium bullion coins weighing one troy ounce of .9995 fine palladium, with a face value of $25.00, in such quantities as the Secretary determines appropriate to meet demand. Only coins in the one-troy ounce size are permitted; fractional sizes are not authorized. Title 31 U.S.C. Section 5112(v) authorizes the Secretary to mint and issue proof and uncirculated versions of the one-ounce palladium bullion coins.

As mandated by the law, the obverse design of the palladium coin is an adaptation of Adolph A. Weinman’s ‘Winged Liberty’ design used on the obverse of the so-called ‘Mercury dime,’ and the reverse design is based upon Weinman’s Eagle design for the 1907 American Institute of Architects (AIA) gold medal. In developing the coin, the United States Mint was able to utilize the original reverse plaster of the AIA gold medal. This is the first time that Weinman’s AIA design appears on a U.S. coin.

Palladium Eagles are coming

According to reporting by Coin World, the American Palladium Eagles will be released by the U.S. Mint sometime in September. As part of the lame duck session following the 2010 midterm elections, Congress passed the American Eagle Palladium Bullion Coin Act of 2010 (Pub. L. 111-303) telling the U.S. Mint strike one-ounce .9995 fine palladium […]