2021-W $25 Proof American Palladium Eagle Launch


Today, we see the newest release from the United States Mint with the 2021-W $25 Proof American Palladium Eagle launching at noon ET.

Mint Product Images 2021-W $25 Proof American Palladium Eagle
U.S. Mint product images for the 2021-W $25 Proof American Palladium Eagle. Each coin arrives encapsulated and packaged in a gray leatherette presentation case with satin lining that is accompanied by a Certificate of Authenticity.

Limited to 12,000 and struck with a proof finish in 1 ounce of 99.95% palladium, this release is a collector-grade version of the U.S. Mint’s American Eagle One Ounce Palladium Bullion Coin.

It features designs originally created by Adolph A. Weinman. Most notably, the obverse (heads side) bears a high-relief likeness of his "Winged Liberty" which originally appeared on 1916-1945 Mercury dimes.

American Palladium Eagle Release History

Public Law 111-303 authorized the Secretary of the Treasury to strike and issue palladium coins with the inaugural American Palladium Eagle released in 2017.

This series has continued annually ever since with different finishes offered each year:

  • 2017 Bullion Palladium Eagle – This bullion coin was struck for investors with its entire mintage of 15,000 sold to the Mint’s network of authorized purchasers in one day.

  • 2018-W Proof Palladium Eagle – This was the first collector-grade finish for the program. Like the prior year’s bullion version, it also had a mintage of 15,000. It sold out in less than five minutes at a price point of $1,387.50.

  • 2019-W Reverse Proof Palladium Eagle – The mintage doubled to 30,000 for this reverse proof coin. Sales hit 16,690 through its first four days at a price of $1,987.50. Demand for it waned quickly after, however. The coin remains available on the Mint’s website for $3,350. It had sales of 18,522 through Aug. 29.

  • 2020-W Uncirculated Palladium Eagle – The mintage for last year’s uncirculated coin was lowered to 10,000 and it initially sold for $3,000. In the early going, the coin teeter-tottered between on and off sale. Its reported four-day starting sales was 9,971, but that total was dropped by several hundred a few weeks later. As of Aug. 29, it had sales of 9,384. The collectible remains available on the Mint’s website for $3,350.

Palladium Eagle Designs and Specifications

Weinman’s obverse design is coupled with inscriptions of "LIBERTY," "IN GOD WE TRUST," "2021" and his artist mark. There is also a "W" mintmark denoting the coin’s production in the U.S. Mint facility at West Point.

2018-W $25 Proof American Palladium Eagle - Obverse
This CoinNews photo show the obverse (heads side) a 2018-W Proof American Palladium Eagle. This year’s coin will carry the same obverse design and proof finish.

The palladium coin’s reverse (tails side) also features a Weinman design — a high-relief version of his 1907 American Institute of Architects Gold Medal reverse.

2018-W $25 Proof American Palladium Eagle - Reverse,a
This CoinNews photo shows the reverse (tails side) of a 2018-W Proof American Palladium Eagle. Again, this year’s coin will carry the same reverse design and proof finish.

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."

Coin Specifications

Denomination: $25
Finish: Proof
Composition: 99.95% Palladium
Diameter: 1.340 inches
(34.036 mm)
Weight: 1.0005 troy oz.
(31.120 grams)
Edge: Reeded
Mint and Mint Mark: West Point – W


Ordering and Price

The 2021-W $25 Proof American Palladium Eagle may be ordered for $3,350 beginning at Noon ET from the U.S. Mint’s online page for palladium products, found here.

An initial household order limit of one coin is in place for the first 24 hours of sales.

Pricing for this coin can change weekly depending on the market price of palladium and the Mint’s pricing matrix. Its current price is based on an ounce of palladium that averages to within $2,400.00 to $2,449.99.

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This is indeed a beautiful coin.
Coin-art at it’s finest!


To that i say bring back the coin as a dime minted concurrently with the roosevelt.


silver would be nice too


gary may have meant as an ounce….i meant as an actual silver dime.

Rob S

In 2016 they did a 100 yr anniv for the dime, quarter and 1/2 in gold. Business strike or whatever, not even Proof.

Rob S

K-Will 😉
In 2016 (I think) they also re-issued the Merc dime, and Walking and Standing Liberty qtr and 1/2 – in gold.
(Maybe I’m wrong on the year?)


Sir Kaiser, your affinity for silver brought to mind the quote from the German outlaw, Norm Franz, “Gold is the money of kings, silver is the money of gentlemen, ….”

Larry T

Are you calling Willie a hobo? Well, he’s a rich one at least. I too, would love a return of the Mercury (Winged Cap Liberty) dime.I cam’t remember the last time I looked at a Roosevelt dime.


I got one of these a few years ago for about $2000 less than the current price. I got it because I just wanted one palladium coin, this is when they were new at the mint (ignoring the prior first year when it was only available from mint resellers).

the premium over spot for my original purchase was about $350, but today the premium is about $700 – for presumably the exact same packaging.

Christopher Williams

I purchased one of these back in 2018 for $1,387.50 and I love the coin.


actually, if you look at the mint’s own pricing chart, they just charge a flat premium over spot. for example, if palladium today suddenly dropped to about $1000/oz (as it was when I got mine back in 2018) then they would be selling these for $1700 apiece, rather than $1387 as they were back in 2018. It would make more sense if the premium did in fact ‘scale’ with price (say, always 20% of spot or whatever), but unfortunately that’s not how they do it. the premiums have gone up over the years, and in the case of palladium effectively… Read more »

Rob S

I so far have all but the 2017 bullion. Quite frankly I didnt know about it and never planned to buy bullion. In fact, I never prepared my mindset or bank account (which really is a necessity for me for something that costs this much) and/or just did not have the coin for it.

Cant wait for noon to pick up this years specimen.
IMO Proof is best, Rev Proof is so so, … Unc … meh.

Rob S

At $3350, there was not as much clamor over this beast. I needed that smooth(er) transaction. Order placed and acknowledge email received.
At this price it may be available for a while, maybe days?
Previous years, this came out right when a fun golf outing was scheduled, so I had to bow out of that to grab 1 … only to find out I coulda waited a day and got the Palladium AND had fun. oh well.

Nnnnnnext … prepare for the “Black Friday Xmas rush” for the Silver Rev Proof Eagles.

Last edited 2 years ago by Rob S
Mike Hunt

Rob —
Maybe I’m mistaken but I think the Silver Reverse Eagles are on Monday 9/13. And fyi I just got the “make sure your account is in order” eMail for the one ounce uncirculated Eagle enrollment for Thurs 9/9. Check the dates.
Good luck — Mike

Rob S

You’re right, I quoted the “Black Friday” as in the mad rush door buster to get them – but yeah it is on 9/13. They changed it from 8/24.

Rob S

I also realized later I was in an “its all about me” mode – as in,
the next thing I’m hunting / anxious for is the Rev Proofs. oops

Larry T


I love the Enrollment Program for the ASE’s. I have two set up for the Unc. 2021 W Type 2 ASE for a total of 12 coins coming my way! Got the ‘reminder’ email from the Mint for both orders yesterday. I love when it rains silver!

Larry T


Let’s not forget about those little beauties, the Morgans and Peace Dollars, that will be coming our way in the Fall!

I share your sentiment concerning the 13th. I’m hoping to enter the site, fill my cart, enter my payment/shipping info, and place order in less than 1 minute. In fact, after all the bs the Mint put me through to get the coins I ordered this year, I think they owe me an easy go! But since I’m more of a pragmatist, I better get my fine armor out if we’re jousting!

Rob S

Just an idea, but the bullion $ may be set by the market and not the Mint? Or its just immediately out of their control?


I was torn about these when they first came out. Long time collector in gold, silver, and platinum. Didn’t want to expand the rabbit hole. With that I think this is one of the best designs ever by the mint.

Rob S

I was also collecting Plat Proofs … when they had the fractionals. But I never really got into the design(s). A little too technical, mechanical (?) to me – especially the Liberty obverse. So I stopped, especially since I couldnt swing the ASE, AGE 1/4 and 1/10 oz, 1oz Buffalo, *AND* a 1 oz Plat!

Melissa W.

I have them all.. I was a bit nervous I wouldn’t be able to get this 1 for my collection, but it went right through with no problems at all. Probably because it’s so high over spot price, many might be hesitant to get it..


Congratulations! Beautiful collection.

Rob S

Grats here also.
I sometimes miss the 2017, but I just checked APMEX and they have 1 (graded 69 w/ BS “1st Strike”) for over $3400 (by CC). Too rich – more than this new proof cost!

Adam L

I pre ordered the NGC MS70 first release from APMEX for under $1200 if I remember correctly. I just graded my 2020 Palladium eagle when I was at the world fair of money and I got SP70 First Strike. But 2018 and 2019 I got 69s. I bought 1 today just to keep my set complete.

Rob S

Cool beans.
My 18 & 19 graded at 69, didnt get the 20 graded yet. I got 8 “freebies” from PCGS this year, I’ll use for whatever big ticket items I’ll be ready to send in this year.
The only time I splurged (even more) for 1st strike was when I had my End of WWII Silver Eagle sent in – since I also went with the “Iwo Jima” core, so why not?

Rob S

Couldnt agree more, even tho I have some trust in APMEX; they’ll take your $$$$ in a flash, but DO ship as quickly.
But yeah, that AND they seem to promote the 1st Strike/Day of Issue nonsense B/S!

sam tweedy

2019-W Reverse Proof Palladium is the “BEST”, If you order 2021-W one today don’t forget to tell the US Mint that you are “HUMAN” !!!!! and also bring lots of “CASH”!!!!

Jeff Legan

Not surprising due to the price, but it only took me one minute to order this one. It was a very smooth order process this time. I would like to think the order process has improved, but I know there are way less people ordering this coin due to high price. The 2018 and 2019 were good investments, but I fear this one will be selling in the future for less than I just paid now.


—I would like to think the order process has improved,—-

You “think wrong” !!

Being overpriced at $3.350….they are not sold out. Not a rush to buy.

As of today Sep 7th….they are still available !!


Not At $950 over spot! Where did $400 over spot go? We quit collecting those!

Te Wa

AGREED! $950 over spot is bananas. Maybe if I was a 1%er.

The platinum coins too. If it wasn’t for the large markup, I’d be buying the platinum coins.

Finbar Higgins

Just ordered one to complete my set. Overpriced but it’s the nicest coin the mint produces. I ordered mine at 3PM. No problems at all. Took 15 seconds to complete my order. Order acknowledgment arrived instantaneously. I wish everything went this smooth.

Last edited 2 years ago by Finbar Higgins
Finbar Higgins

I just noticed that this coin was a Proof strike. I thought the legislation said that every year of issue had to be a different mint strike version? This would be the second proof version of the coin. I will have to look into that. Anyone have any information on this?

Paul Bergeron

Each year’s coin must have “surface treatment” that is different from the prior year. There is no requirement that each year must be unique from all prior years. Google “PUBLIC LAW 111–303—DEC. 14, 2010”

Finbar Higgins

Thanks Paul…

Rob S

Oooh ooooh ooooh – dont forget colorized 😀
Howz about a bloody RED squirrel in the eagle’s claws?? nyuk 😉

Finbar Higgins

Speaking about colorized coins. How long will the paint adhear to the coin in the holder? 25, 50, 100 years. Then peal off. Now you have a worthless coin.



The mint just reduced the price of this coin by $300….it is now $3,050 !!

The price of palladium did not decrease…..the mint realizes that they OVERPRICED IT and people are not buying it !!


Sir Kaiser, as always your insight into this topic is most thought provoking. Demand destruction be damned! The following information addresses and amplifies the points you have made in this thread: 1. Silver: Current spot price = $24.70 $1 ASE Proof US Mint price = $73 $1 ASE Proof PCGS Type price: PR-69 = $78; PR-70 = $88 $1 ASE Bullion PCGS Type price: MS-69 = $53; MS-70 = $59 2. Gold: Current spot price = $1,827 $50 AGE Proof US Mint price = $2,700 $50 AGE Proof PCGS Type price: PR-69 = $2,400; PR-70 = $2,465 $50 AGE Bullion… Read more »


Hats off to you Sir Kaiser for so cogently and eloquently putting into words the stark prices of modern precious metal coins in America today.