Authorized purchasers placed orders Sept. 25
with the U.S. Mint
for 15,000 American Eagle 1-ounce palladium bullion coins, the
nation’s first coin struck in the precious metal.
U.S. Mint officials declined to disclose how many of the 2017
American Eagle palladium bullion coins will be struck (all are being
struck at the Philadelphia Mint) and made available for acquisition by
the authorized purchasers. Officials said the Mint only reports sales
for the coins, not total mintage levels for the current year’s bullion programs.
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The American Eagle .9995 fine palladium bullion coin, like all other
American Eagle bullion coins, does not bear a Mint mark.
Mint officials said nine authorized purchasers expressed interest in
purchasing quantities of the American Eagle palladium bullion coins, which
are being offered on an allocation basis:
➤ A-Mark Precious
➤ Dillon Gage Inc.
➤ American Precious
Metals Exchange (APMEX)
➤ Fidelitrade Inc.
➤ CNT Inc.
Tordella & Brookes Inc. (MTB)
➤ Jack Hunt
➤ Scotia Mocatta
➤ Bayerische Landesbank (BayernLB)
U.S. Mint welcomes a fourth metal to the
American Eagle bullion program.
Also in this week’s print issue of Coin World, we teach our readers
about what a “weak-fatty” gold coin is and why you don’t want one in
Even before sales of the palladium American Eagles from the Mint
opened, APMEX was already retailing examples online of Professional Coin Grading
Service graded Mint State 70 First Strike coins for prices
starting at $1,245 per coin, roughly $325 over the spot price.
The Mint does not sell its bullion coins to the public. Instead, it
sells the bullion coins through a network of authorized purchasers who
buy the bullion coins from the Mint based on the closing London PM
spot price of the respective precious metal per troy ounce plus a
premium. The authorized purchasers may then sell the coins to the
public, other dealers and investors at a markup.
The premium for the American Eagle palladium bullion coin is the
closing spot price plus 6.25 percent.
The authorizing legislation, Public Law 119-94, empowers the
Treasury secretary to issue the American Eagle palladium bullion coin
in quantities deemed sufficient to meet demand.
As mandated by the law, the obverse design of the palladium coin is
an adaptation of sculptor Adolph A. Weinman’s Winged Liberty Head
design employed on the dime beginning in 1916. The mandated reverse
design replicates Weinman’s eagle design from reverse of the American
Institute of Architects gold medal first awarded in 1907.
In developing the coin, the United States Mint was able to use the
original reverse plaster of the AIA gold medal.