The President has signed into law the initiation of a marketing study to be completed on the feasibility of an American Palladium Eagle Program. Rightfully titled, ‘The American Eagles Palladium Bullion Coin Act’, this public law was designed to ensure the U.S Mint that Palladium is a smart addition to the precious metal line-up.
One stipulation in the law states that if the study finds market demand for the palladium coins, their production would begin within one year following the completion of the report. Ultimately, this means that Palladium Eagles would likely debut next year, assuming the study indicates the program would be self-sustaining.
The new law calls for bullion American Palladium Eagle coins but also authorizes the production of numismatic grade proof and uncirculated versions. All three versions would be minted from one ounce of .9995 fine palladium. The law also specifies that these coins will feature a face value of $25. The design is still undecided, but there have been rumors that they will use the Barber dime design of the early 1900′s.
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