The United States Mint’s reverse proof 2019-W $25 American Palladium Eagle goes on sale today beginning at noon EDT.
The $25 face value coin continues the U.S. Mint’s palladium series which debuted in 2017 with a bullion edition. All 15,000 of those sold in the first day.
Last year, the U.S. Mint offered a collector version in proof quality that was also limited to 15,000 pieces. It too saw incredible demand despite its rather hefty price tag of $1,387.50, which was based on an average of palladium that fell within $950.00 to $999.99 an ounce.
The coin lasted less than five minutes before becoming unavailable.
2019 American Palladium Eagle’s Mintage and Price
Upping the ante, the U.S. Mint this year has opted to issue the collectible Palladium Eagle in a reverse proof finish and at a higher maximum mintage of 30,000. Reverse proofs feature polished designs against a frosted backgrounds — essentially opposite of proofs.
As a counterbalance that may affect sales, palladium prices have surged since last year. This year’s coin opens at $1,987.50 based on a weekly average for palladium that sits between $1,550.00 and $1,599.99 an ounce. (See the Mint’s pricing matrix for precious metals coins.)
Palladium Eagle Design and Specifications
Each coin is produced at the U.S. Mint’s West Point facility from one ounce of 99.95% palladium. American coin designer and artist Adolph A. Weinman originally created the designs found on American Palladium Eagles. This includes an obverse (heads side) high-relief likeness of "Winged Liberty" taken from the 1916-1945 "Mercury Dime" obverse. "LIBERTY," "IN GOD WE TRUST," "2019," and Weinman’s distinct initials are inscribed around the image.
The reverse (tails side) design, also by Weinman, offers a high-relief version of the 1907 American Institute of Architects Gold Medal reverse. It depicts an eagle and a branch along with the inscriptions of "UNITED STATES of AMERICA," "$25," "1 OZ. Pd (the chemical symbol for Palladium) .9995 FINE," and "E PLURIBUS UNUM."
Specifications for the reverse proof palladium Eagle as provided by the U.S. Mint are as follows:
|Weight:||1.0005 troy oz.
|Mint and Mint Mark:||West Point – W|
Those interested in obtaining the 2019-W $25 Reverse Proof American Palladium Eagle may place their orders beginning a noon directly from the U.S. Mint’s online page for palladium products, found here, or by calling 1-800-USA-MINT (872-6468).
A plan is in place to help ensure collector’s get an opportunity to purchase one of these coins. For the first 24 hours, orders will be limited to one coin per household.