United States Mint introduces landmark Palladium Eagle coin
After many years of planning and speculation the United States Mint has launched. The new one-ounce issue joins the American Eagle family of bullion coins including current gold, silver, and platinum series. It marks the first addition to the American Eagle program since platinum was added in 1997. A United States palladium coin has been in the works since 2010, when Congress passed legislation authorizing its production, upon completion of a feasibility study.
In accordance with the congressional authorization, the coin is struck in high relief and without a mint mark. The U.S. Treasury secretary will have discretion to include proof and uncirculated issues, but in typical fashion the Mint has yet to announce its intentions or a timetable for any collector versions. Certainly none will be struck this year, and collector focus will be on the 2017-dated bullion issue.
The coin’s design features revivals of two different images crafted by sculptor Adolf A. Weinman, whose work was influential in the early 20th century. The obverse will be immediately familiar to collectors as the face of the 1916 “Mercury” dime. The reverse is based on a 1907 design Weinman produced as a medal for the prestigious American Institute of Architects (AIA).
Palladium Maple Leaf Coin
The Royal Canadian Mint offers its popular Maple Leaf coin struck in palladium. First released in 2005, it was the first regularly-released palladium coin available in world markets. The coin's .9995 purity is indicated on the reverse, and is guaranteed by the Royal Canadian Mint and the Canadian government as a legal tender coin, with a nominal $50 value and one Troy ounce palladium content. The coin's actual value is directly tied to the daily spot price of palladium.
The design mirrors that of all Canadian Maple Leaf coins: Queen Elizabeth II is depicted on the obverse, along with the date and denomination. The reverse features the iconic maple leaf design, along with the weight and purity of the coin.