The U.S. Mint is in
the initial planning stages for developing a palladium bullion coin,
including securing vendors for the precious metal and fabricating
necessary planchets for production.
officials have not disclosed when they plan to offer the bullion coin,
which will be sold through the established network of authorized purchasers already approved to buy
American Eagle and American Buffalo bullion coins.
palladium bullion coin initiative, authorized under the American Eagle
Palladium Bullion Coin Act of 2010, Public Law 111-303, requires an obverse that
reflects sculptor Adolph A. Weinman’s obverse design from the Winged
Liberty Head dime — the same obverse just used for the 2016-W Winged
Liberty Head gold dime — and a reverse employing Weinman's eagle
design from the reverse of the American Institute of Architects award
medal introduced in 1907. Weinman designed the medal in 1906.
Connect with Coin World:
introduced by Rep. Bill Huizenga, R-Mich., was passed in
December and signed into law by President Obama, clearing the hurdle
for a palladium bullion coin by negating a 2013 feasibility study that suggested that a
palladium bullion coin program could not be sustained after first-year
projected sales of 100,000 coins. The study forecast viability for
Proof and Uncirculated numismatic versions.
a result of the law passed in December, the Mint is moving forward
with plans for issuing a 1-troy-ounce .9995 fine palladium bullion
coin with a legislated face value of $25.
legislation also includes the mandate that all numismatic versions of
the American Eagle silver coins dated 2016, other than the bullion
release, bear a smooth instead of reeded edge, on which an incuse
inscription denoting the 30th anniversary of the American Eagle silver
dollar series will appear.