The American Palladium Eagle is the official palladium bullion coin of the U.S. Due to its relatively low mintages compared to American Gold Eagle and Silver Eagle coins, the Palladium Eagle is a hard-to-find coin.
U.S. Mint first launched the Palladium Eagle back in 2017. Despite the rarity and utility of palladium (which is 150 times more rare than gold!), seven years elapsed after the passage of the American Eagle Palladium Bullion Coin Act before the first Palladium Eagle was offered for sale. As with the other coins in the American Eagle series, Congress dictated pretty much everything about it:
DESIGN. Coins minted and issued under this subsection shall bear designs on the obverse and reverse that are close likenesses of the work of famed American coin designer and medallic artist Adolph Alexander Weinman –
(A) the obverse shall bear a high-relief likeness of the ‘Winged Liberty’ design used on the obverse of the so-called ‘Mercury dime’;
(B) the reverse shall bear a high-relief version of the reverse design of the 1907 American Institute of Architects medal; and
(C) the coin shall bear such other inscriptions, including ‘Liberty’, ‘In God We Trust’, ‘United States of America’, the denomination and weight of the coin and the fineness of the metal…
The legendary Adolph Weinman also created the classic Walking Liberty design featured on the obverse of Silver American Eagle coins. His “Mercury” or “Winged Liberty” dime design was in circulation from 1916 – 1945 (replacing the unpopular Barber dime, and in turn replaced by the Roosevelt dime). The design of a young Lady Liberty, identifiable by her winged Phrygian cap, was mistaken at the time for the Roman god Mercury, hence the name.
You’ll note from the Congressional quote above that the reverse of the Palladium Eagle is also a Weinman design. This is quite unusual in the American Eagle series. The gold, silver and platinum coins American Eagle series match obverse and reverse art from totally different designers.
At first, the U.S. Mint was skeptical of public demand for palladium investment coins (hence the seven-year delay of its release). They were rather shocked to see that the first mintage of both proof and bullion American Palladium Eagles sold out on the very first day. Pre-orders for the 2018 proof mintage were sold out within five minutes.
Despite its popularity from the very first day, the overall mintages of Palladium Eagles has remained quite small. From 2017 to 2023, fewer than 25,000 bullion and only 15,000 proof Palladium Eagles have been minted. This led to a massive surge in price on secondary markets, with proof coins changing hands at nearly 50% over U.S. Mint’s asking price.
With its classic design and low mintage figures, the Palladium American Eagle is one of the very few options available for precious metals investors in this rarest-of-rare metals.
The American Palladium Eagle is suitable for both home delivery orders and for placement in a Precious Metals IRA.
Please note, Birch Gold’s selection of products rotates over time. To learn more about American Palladium Eagle coins, their availability and current pricing, please call us at (800) 355-2116.
Mint dates: 2017-present
Designer: Adolph A. Weinman
Gross weight: 31.120 g (1 troy oz)
Composition: 99.95% palladium (or 0.9995 pure)
Diameter: 34.036 mm (1.34 in)