Palladium American Eagle Coin in the Works
On March 16, the Commission of Fine Arts reviewed mock-ups of the 2017 American Eagle $25 palladium bullion coin guided by the enabling legislation of the American Eagle Palladium Bullion Coin Act of 2010, which authorizes and provides parameters for the production of palladium bullion coins.
According to CoinWorld, the general design of the 2017 American Eagle coin was determined well before the legislation passed; however, the act prescribes that the coin must feature on its obverse, Adolph A. Weinman’s Winged Liberty Head dime design, and on the reverse side, the eagle Weinman designed for the American Institute of Architects gold medal in 1906.
While the 2017 coin includes the features dictated by legislation, designers have made some unique additions as well in terms of placement and size of text on the coin. The year, 2017, appears on the obverse side, with the 17 being slightly larger and higher than the 20. On the reverse, the coin’s face value of $25 appears on the left of the coin in front of the eagle’s beak. To accommodate for the constraints of striking a palladium coin, inscriptions of weight, metallic composition, fineness, and E PLURIBUS UNUM are planned to be engraved, while the coin value and UNITED STATES of AMERICA are proposed to be raised. As in the case of bullion coins struck on gold, silver, and platinum, the palladium coin will be produced without a mint mark.
As of March 8, images of the coin were not yet available to the public; however, initial strikes and development of the planchets for the coin are being completed at the Philadelphia Mint. The U.S. Mint has been researching palladium suppliers and developing the coin since early 2016, with the Design and Engraving Department of the Manufacturing Directorate, based in the Philadelphia Mint, heading up the project. No mint has been selected for the production of the 2017 American Eagle, although the 2010 legislation mandates that the coin be struck in any facility other than the West Point Mint, the location that traditionally strikes the majority of bullion coins produced in the U.S.
With the coin still in the developmental stages, U.S. Mint officials have not established a pricing model, a purchasing limit, or a date upon which the coins will be available to purchase.