U.S. palladium coin moving closer to production reality for collectors

U.S. Mint surveys customers on possibility of Proof version in four sizes
By , Coin World
Published : 02/24/16
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U.S. Mint officials are further examining the possibility of offering the nation's first American Eagle coin struck in palladium.

The Mint is surveying its customers concerning their preferences for, not only a 1-ounce .9995 fine palladium coin struck in a Proof version, but half-ounce, quarter-ounce and tenth-ounce Proof versions as well.

Although the original legislation authorizing the palladium coin also sought bullion versions, the Mint had pretty much abandoned the thought of producing bullion versions after a contracted feasibility study concluded the bullion palladium option would be unprofitable. The same study also concluded collector versions offered financial promise.

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That study was rendered moot under legislation passed in December that left all other provisions of the American Palladium Bullion Coin Act of 2010 intact. Those other provisions include the mandate for a 1-ounce, .9995 fine palladium bullion coin with a $25 face value.

U.S. Mint spokesman Michael White said there is no correlation between the legislated mandate for the 1-ounce, $25 palladium bullion coin and the Proof options for which the U.S. Mint is currently only seeking customer opinions through the survey.

The Mint contracted with NAXION, an opinion research company in Philadelphia, to conduct an online poll of a random selection of Mint customers between Feb. 18 and March 11, 2016.

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While the survey seeks information on the customers' buying habits for U.S. Mint products, the primary focus is on the Proof palladium coins.

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