Palladium Coin from the United States Mint
One-Ounce Palladium Coin
The United States Mint plans to release the one-ounce palladium coin on September 6, 2018, at noon Eastern Time. This release will be for the proof coin. This is the first palladium coin to be issued with a proof finish by the United States Mint. The coin is being minted by the West Point branch of the mint. It features an obverse similar to that of the Mercury dime, and a reverse that depicts an eagle holding a branch in its beak. The reverse is in high relief.
This coin is being minted with a purity of 0.9995. Mintage will be limited. The denomination of the palladium coin is twenty-five dollars.
This is the highlight of the September releases by the United States Mint.
What Is Palladium?
Palladium is a precious metal that once was a good option to gold and platinum. It traditionally has been valued high compared to silver, but a more affordable precious metal than gold and platinum. Well, it currently has a value higher than platinum. So, what was once the bargain precious metal coins is now quite pricy.
Palladium Coins of the Past
The United States Mint has minted palladium coins since 2017, making the 2018 coin only the second coin of the series. The palladium coin is part of the American Eagle coin program. It has joined the gold, platinum, and silver American Eagle coins.
Other Palladium Coins
Few mints issue palladium coins. The main coin that will compete with the Palladium American Eagle is the Palladium Canadian Maple Leaf. Canada has been issuing palladium coins for a much longer period. The denomination of the Canadian coin is fifty dollars.
Another country that has minted palladium coins over many years is Russia.
Many 2018 proof palladium American Eagle coins can be found on sale on the internet at Ebay. Other sites also have older and foreign palladium coins available. It appears these are all one-ounce coins, with fractional coins being scarce or non-existent.
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Introduction image is from the United States Mint.