Wikipedia

American Palladium Eagle

The American Palladium Eagle is the official palladium bullion coin of the United States. Each coin has a face value of $25 and is composed of 99.95% fine palladium, with 1 troy ounce actual palladium weight.

Palladium Eagle
United States
Value25.00 U.S. dollars (face value)
Mass31.120 g (1.0005 troy oz)
Diameter34.036 mm (1.340 in)
EdgeReeded
Composition99.95% Pd
Years of minting2017–present
Obverse
DesignWinged Liberty
DesignerAdolph A. Weinman (original Mercury dime)
Design date1916
Reverse
DesignStanding eagle with upraised wings pulling a laurel branch out of a rock
DesignerAdolph A. Weinman (original concept for the 1907 American Institute of Architects gold medal)
Design date1907

History

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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 in December 2010[1] and signed by President Barack Obama.

The coins' obverse uses Adolph Weinman's design of the Winged Liberty Head "Mercury" dime, which was minted from 1916 to 1945, and portrays the Goddess of Liberty wearing a winged hat. The Palladium Eagle's reverse design is based on Weinman's 1907 American Institute of Architects (AIA) medal design.[1][2] 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.[3] The contract was re-awarded to New York-based CPM Group, which conducted the necessary research between May and July 2012.[4] On March 1, 2013, 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.[citation needed]

A bullion version sold directly to the United States Mint's authorized purchasers was released on September 25, 2017[5] and a proof 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.[6] A 2019 reverse proof version was released on September 12, 2019.[7]

Mintage figures

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The mintage of the 2017 Bullion and 2018-W Proof finishes was limited to a maximum of 15,000 pieces each while the 2019-W Reverse Proof finish is limited to 30,000.[7]

American Palladium Eagle mintage figures
Year/
Mintmark 		Mintage
Limit 		Mintage
Bullion /
Uncirculated 		Proof Reverse
Proof 		Total Sales
2017 15,000[8] 15,000[9] - - 15,000[10]
2018-W 15,000[11][irrelevant citation] - 14,986[12] - 14,986[13]
2019-W 30,000[7] - - TBD 18,775[14]
2020-W 10,000[15] TBD - - 9,742[16]
2021-W 12,000[17] - TBD - 5,170[18]
2021 [19] 8,700 8,700 - - 8,700[20]
2022-W 7,500[21] - - TBD 7,359[22]
2023-W 6,000[23] - - - TBD
Total 104,200 23,700+ 14,986+ TBD 79,724

See also

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References

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  1. ^ a b "American Eagle Palladium Bullion Coin Act of 2010" (PDF). Library of Congress. December 14, 2010. Retrieved 2018-02-03.
  2. ^ Unser, Darrin Lee (June 21, 2011). "American palladium eagle study phase to begin". CoinNews.net. Retrieved 2011-10-14.
  3. ^ Gilkes, Paul (February 2012). "In the News: Mint to seek new contract on palladium coin study". Coin World. Sidney, OH: Amos Press: 60.
  4. ^ Gilkes, Paul (June 28, 2012). "Mint palladium bullion coin study under way". Coin World. Sidney, OH: Amos Press. Retrieved 2023-01-24.
  5. ^ Unser, Mike (September 18, 2017). "American Palladium Eagle Bullion Coin Debuts on Sept. 25, 2017". CoinNews.net. Retrieved 2017-10-01.
  6. ^ Gilkes, Paul (September 7, 2018). "Sales of American Eagle palladium coin took five minutes to end". Coin World. Retrieved 2018-09-11.
  7. ^ a b c Gilkes, Paul. "Sales kick off for Reverse Proof 2019-W American Eagle palladium $25 coin". coinworld.com. Amos Media Company. Retrieved 2019-12-24.
  8. ^ "Introducing The 1st Palladium American Eagle. Low Mintage - 15,000 Coins". Bullion Exchanges. Retrieved 2018-08-30.
  9. ^ "Bullion Sales | U.S. Mint". www.usmint.gov. Retrieved 2019-08-20.
  10. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  11. ^ "2018 Proof Palladium American Eagles Release- Limited to 15,000 Coins!". Bullion Exchanges. Retrieved 2018-08-30.
  12. ^ "Cumulative Sales Figures | U.S. Mint". www.usmint.gov. Retrieved 2019-08-20.
  13. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  14. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  15. ^ "American Eagle 2020 One Ounce Palladium Uncirculated Coin". United States Mint. Retrieved 2020-09-09.
  16. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  17. ^ "American Eagle 2021 One Ounce Palladium Uncirculated Coin". United States Mint. Retrieved 2022-05-14.
  18. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  19. ^ "American Eagle 2021 One Ounce Palladium Bullion Issue". Retrieved 2023-09-07.
  20. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  21. ^ "American Eagle 2022 One Ounce Palladium Reverse Proof Coin". United States Mint. Retrieved 2023-01-26.
  22. ^ Unser, Darrin Lee (September 7, 2023). "2023-W $25 Uncirculated American Palladium Eagle Launch". CoinNews.net. Retrieved 2023-09-07.
  23. ^ "American Eagle 2023 One Ounce Palladium Uncirculated Coin". United States Mint. Retrieved 2023-09-07.
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