American Palladium Eagle
United States Mint · United States · Palladium · 1 troy oz · .9995 fine
Typical dealer premium: 5–10% over spot.
The American Palladium Eagle is the United States Mint's official palladium bullion coin, first issued in 2017 — making it the newest addition to the U.S. Mint's bullion coin lineup. Struck in .9995 fine palladium with a face value of $25, it features a design inspired by the 1907 "Mercury" dime on the obverse (the winged Adagio head of Liberty) and a high-relief American eagle on the reverse — a design considered among the most artistic in the modern U.S. bullion series.
The Palladium Eagle was authorized by Congress under the American Eagle Palladium Bullion Coin Act of 2010, though it took years to reach production. It is IRA-eligible and is one of only two government-issued palladium coins approved for U.S. precious metals IRAs (alongside the Canadian Palladium Maple Leaf). Production quantities are small relative to gold and silver Eagle production, and the U.S. Mint does not mint them every year.
Premiums on Palladium Eagles typically run 5–10% above spot. Availability is limited and can be inconsistent — the Mint has suspended production in some years. The coin's artistic quality and government backing make it the prestige palladium holding for U.S. investors.
- When was the American Palladium Eagle first issued?
- The American Palladium Eagle was first issued in 2017, making it the newest major U.S. Mint bullion coin. It was authorized by the American Eagle Palladium Bullion Coin Act of 2010 but took several years to move from legislation to production due to market development requirements.
- Is the American Palladium Eagle IRA-eligible?
- Yes. The American Palladium Eagle is IRS-approved for self-directed precious metals IRAs. It is one of only two IRA-eligible palladium coins, alongside the Canadian Palladium Maple Leaf. Confirm IRA eligibility and custodian requirements before purchasing for a retirement account.
- Why does the U.S. Mint not produce Palladium Eagles every year?
- The U.S. Mint produces Palladium Eagles based on public demand, which is more limited than for gold or silver Eagles. In years of insufficient demand or production constraints, the Mint has suspended production. This irregular mintage contributes to limited availability and can support premiums above typical bullion rates.