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
Value	25.00 U.S. dollars (face value)
Mass	31.120 g (1.0005 troy oz)
Diameter	34.036 mm (1.340 in)
Edge	Reeded
Composition	99.95% Pd
Years of minting	2017–present
Obverse
Design	Winged Liberty
Designer	Adolph A. Weinman (original Mercury dime)
Design date	1916
Reverse
Design	Standing eagle with upraised wings pulling a laurel branch out of a rock
Designer	Adolph A. Weinman (original concept for the 1907 American Institute of Architects gold medal)
Design date	1907

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 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

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]	-	14,986[12]	-	14,986[13]
2019-W	30,000[7]	-	-	18,839[14]	18,839
2020-W	10,000[15]	9,746[16]	-	-	9,746
2021-W	12,000[17]	-	5,170[18]	-	5,170
2021 [19]	8,700	8,700	-	-	8,700[20]
2022-W	7,500[21]	-	-	7,433[22]	7,433
2023-W	6,000[23]	5,778[24]	-	-	5,778
2024-W	7,500[25]	-	4,017[26]	-	4,017
Total	111,700	39,224	24,173	26,272	89,669

See also

• American Silver Eagle – United States silver bullion coin program
• America the Beautiful silver bullion coins – United States silver bullion coin program
• American Buffalo (coin) – United States gold bullion coin program
• American Gold Eagle – United States gold bullion coin program
• American Platinum Eagle – United States platinum bullion coin program
• Bullion
• Bullion coin
• Canadian Palladium Maple Leaf – Canadian palladium bullion coin program
• Inflation hedge
• Palladium as an investment