US Mint To Launch Palladium Coin Program

Washington (Sept 19)  The U.S. Mint says it will begin sales of one-ounce American Eagle palladium bullion coins to authorized purchasers for the first time on Sept. 25. The coins, which will be 0.9995 fine palladium with a face value of $25, will be made available to authorized purchasers at a 6.25% premium over the prevailing price of palladium. “After depletion of the initial inventory, the United States Mint will not offer additional quantities for release later in 2017,” the Mint says in a memo to authorized purchasers. The coins, as specified by law, will include an obverse design that 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 gold medal, the Mint says. In developing the coin, the Mint says it 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, the Mint adds.

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