Palladium Eagles

Back in 1986, the United States Mint launched the first series of gold and silver bullion coins. This included the American Gold Eagle and American Platinum Eagle. The former was issued in one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sizes with legal tender face values of $50, $25, $10, and $5, respectively. The latter was issued in one ounce size with a nominal face value of $1. The coins went on to become one of the top selling bullion coins in the world.

In 1997, the program was expanded with the American Platinum Eagle. At the time, the price of the metal was around $400 per ounce. This series was initially very successful with about 250,000 ounces sold during the first two years of issue. Recently, the US Mint has not issued the bullion versions of the coins, but only the collector versions.

Within perhaps one year, the American Palladium Eagle will be launched. These coins will be available in one ounce size only and carry a legal tender face value of $10. The designs will be based on Adolph A. Weinman’s Mercury Dime obverse and 1907 AIA Medal reverse. For the year to date, palladium has outperformed gold, silver, and platinum. Will this translate to popularity for the new bullion series?

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