2021-W $25 Proof American Palladium Eagle Launch

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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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Kaiser Wilhelm

I find it interesting that the only year for which a price isn’t revealed for the American Palladium Eagle is the year it was only available in Bullion, the category of Mint products for which the by far smallest premiums over the precious metal’s market price are charged.

As is the case with all sales made by the Mint, the little individual collectors are in effect subsidizing the big authorized bullion purchasers, but that’s your government in action.

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Last edited 17 days ago by Kaiser Wilhelm
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?

Kaiser Wilhelm

Rob S,

The market price for palladium is indeed set by the market, but that has no bearing whatsoever on how much the Mint adds to that per ounce price to arrive at what it charges its Authorized Bullion Purchasers for each coin.

Kaiser Wilhelm

Just to clarify, by “how much” what I’m really alluding to is “how little’!

Kaiser Wilhelm

Because, as you know, the Mint keeps the premiums on Bullion Products as low as possible for its Authorized Purchasers while jacking them up as far as they think they can get away with on Numismatic Products for sale to the Average Joe.

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Rich

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 »

Kaiser Wilhelm

Rich, Many thanks for all of the extensive research effort you so obviously put into that, and multi-kudos on the great clarity of the resulting presentation. You have indeed put together an excellent illustration of how Mint numismatic and re-seller bullion pricing policies play out and how neither of those iterations of cost versus price in any even remote way comes close to what might be considered providing a reasonably fair arrangement for the individual buyer/collector. It is more than abundantly clear that the premiums charged by the Mint for its numismatic products are extravagantly excessive, so much so that… Read more »

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Last edited 13 days ago by Kaiser Wilhelm
Rich

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.

Kaiser Wilhelm

Rich, I am indeed humbled by your exceedingly generous assessment. I thank you, and it is much appreciated. While I am on the subject of being humbled, I have to correct one particular error I have made in several of my statements here, in fact including the very one above whereof we are speaking. Apparently, and this clearly overrides whatever any dictionary definition of same might imply to the contrary, a bullion strike does in fact meet the requirements for being a coin if it has a nation’s monetary value displayed on it. While not displaying numismatic quality, it is… Read more »

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Last edited 11 days ago by Kaiser Wilhelm
Mammoth

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

domenic

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

gary

silver would be nice too

Kaiser Wilhelm

gary,

I’m assuming you mean in the one ounce size, or is that already obvious?

domenic

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

Kaiser Wilhelm

domenic,

Okay, that’s been clarified; thanks!

Just as a thought, wouldn’t that however run afoul of the current laws that don’t allow circulating coins to be made of silver?

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Kaiser Wilhelm

domenic,

For sheer artistry the Winged Liberty Head aka Mercury beats the Roosevelt dime hands down.

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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.

Kaiser Wilhelm

Rob,

2016 was the 100th Anniversary of the National Park Service and the Mint released six coins to commemorate the occasion, as follows:
$5 Gold – Proof
$5 Gold – Uncirculated
$1 Silver – Proof
$1 Silver – Unc.
$.50 Clad- Proof
$.50 Clad- Unc.

The one Silver Dime and the five Silver (America The Beautiful) Quarters that were issued that year were those in the 2016 Silver Proof Set and the 2016 Limited Edition Silver Proof Set.

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Last edited 11 days ago by Kaiser Wilhelm
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?)

Kaiser Wilhelm

Rob,

Just because I provided some facts and figures regarding some other coins issued that year does not mean that you are somehow automatically wrong about any of the minting information you yourself put forward; the latter type of coinage simply happens to be outside of my usual bailiwick since I am by and large a silver oriented collector. That’s all.

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Rich

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, ….”

Kaiser Wilhelm

Mammoth,

It certainly is. And that is exactly what coins can be at their best, little works of art!

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Kaiser Wilhelm

In the interest of full disclosure, I’m not 100% sure whether or not this is an authentic Hobo Nickel; I think it might be just a photoshopped version. But you get the idea, that even re-engraved coins can be visually inspiring and attractive.

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.

Kaiser Wilhelm

Larry,

Yes, that Mr. Nelson is quite the character, and an exceptionally talented one at that. I hope he’s done well for himself as it’s such a crapshoot with musicians; one day they’re flush and the next they’re broke.

My all-time favorite coin design is the Walking Liberty Half Dollar and right behind that is the Mercury (I just prefer to call it that) Dime. They are both outstandingly attractive coins, rendered in a sort of Classical Meets Art Deco style that makes them so very unique in appearance.

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Last edited 15 days ago by Kaiser Wilhelm
c_q

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.

Kaiser Wilhelm

c_q,

You were smart to skip the first year since Bullion is not of numismatic quality.

Kaiser Wilhelm

P.S. Bullion quality silver coin, for your perusal…

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Last edited 15 days ago by Kaiser Wilhelm
Kaiser Wilhelm

c_q,

In a way that makes sense. If palladium itself has more than doubled in price since you purchased that coin, then it follows that the premium on top of spot would also have at least doubled.

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c_q

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 »

Kaiser Wilhelm

c_q,

Many thanks both for bringing that entire “premium” issue to our attention and also for explaining how this plays out with regard to changes in precious metal spot prices.

This standard happens to also hold true for another such government “program”, the tax on gasoline; whatever the price of fuel, the amount of the tax always remains the same. A rather nifty device to use as a steady moneymaker, I would say.

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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 17 days 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.
Thx.

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

Kaiser Wilhelm

Rob S,

We are all entitled to have instances where we think of ourselves first since only we ourselves know what is most important (interesting, worrisome, exciting etc.) to us at any given moment or in any particular situation. Enjoy your joy!

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Kaiser Wilhelm

Rob & Mike,

Let’s just hope that September 13 doesn’t end up being a “Blue Monday” for all of us wee folk.

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Last edited 15 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Mike,

It’s great to have the 2021-W Type2 UNC. ASE’s on Enrollment; for once a stress-free order!

Last edited 17 days ago by Kaiser Wilhelm
Larry T

Kaiser

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!

Kaiser Wilhelm

Larry,

I’m with you there, brother. I’m all in for three of those 2021-W Type2 Uncirculated ASE’s to go with my three each of the 2021-W Type2 Proof ASE’s and 2021-S Type2 Proof ASE’s, not to mention my three previously acquired 2021-W Type1 Proof ASE’s. Silver shower all around!

By the way, I’m girded for battle (if it comes to that, which I earnestly hope it won’t) a week from Monday as the 2021 Type1 & Type 2 Reverse Proof ASE Two Coin Designer Set tournament gets under way. Am planning to don my finest jousting armor for that one!

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Larry T

Kaiser,

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!

Kaiser Wilhelm

Larry,

And be sure to pull your face shield down before you ride into combat. I hear the BOTS like to go for the eyes.

Rooster

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!

Kaiser Wilhelm

Rob S,

“A man’s gotta know his limitations.”

– Dirty Harry (aka Clint Eastwood)

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..

Rooster

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?

Kaiser Wilhelm

Rob S,

This is a perfect example of the kind of absurd snake oil salesmanship, among other dirty deeds, that gives re-sellers such a bad name. Here APMEX is charging $50 more for this non-numismatic bullion piece (which is technically worth no more than the spot price of palladium) than the Mint is asking for a Proof collectable version. What a racket, and a rotten one at that!

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!
groooooan

Kaiser Wilhelm

Rob S,

I concur with your faith in APMEX; their products and service both seem to be on the up and up. There is however no inherent contradiction between being a good company to do business with and charging outrageous prices; sometimes they are just one and the same.

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Last edited 16 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Rob S,

That First Strike/Day of Issue nonsense and all the other absolutely meaningless ancillary claptrap and drivel that has long since been derived and extrapolated from it is merely a variation of the good old “For a small additional charge” b.s. sales trope that has become a standard marketing device over the decades, basically just an insidiously clever ploy with which to greatly amplify the amount of cash that can be so very effortlessly extracted from the customer’s wallet.

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Last edited 15 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Melissa,

Oh, spot price, schmot price; what does that matter if it’s something you really like and had your heart set on? Good for you for going for it and congratulations on getting it.

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”!!!!

Kaiser Wilhelm

sam tweedy,

I detect a bit of discriminatory thinking in regard to robots, cyborgs and androids. What gives?

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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.

Kaiser Wilhelm

Jeff Legan,

The day to check out whether or not the Mint’s order process has improved will be Monday, September 13, when the 2021 ASE Type1&2 Reverse Proof Two Coin Designer Coin Set goes on sale. If the BOTS have been put out of business like they were supposed to be, it should be a relatively painless experience; if not, all bets are off.

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Joe

—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 !!

Kaiser Wilhelm

Joe,

You hit the nail on the head, brother. It is only when there is little or no demand for a Mint product that the ordering process proceeds smoothly. Whenever the object of affection rises much higher on the desirability scale, all bets are off!

Shawn

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.

Kaiser Wilhelm

Te Wa,

I would guess that the 1%ers stick to the bullion “token amount over spot” precious metal coins for their investment value. Unless they were dyed in the wool numismatists they wouldn’t want to spend their money on “hundreds of dollars over spot” collector grade coins; that’s not how you get rich, after all.

Kaiser Wilhelm

Shawn,

The premium over spot seems to grow with the spot price of the precious metal involved itself. The more expensive the metal, the higher the premium for coins made of it.

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 17 days 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…

Kaiser Wilhelm

Finbar Higgins,

In order to accomplish the “every year of issue change” this would have had to have been an Enhanced Reverse Proof, and that descriptive has already caused more than enough grief in the world of coin collecting, hasn’t it?

Rob S

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

Kaiser Wilhelm

Rob S,

Yes, colorized would be an option. As would concave/convex. Or nightglow. Or Canadian-style, with a 3-D rendition of the New York City skyline standing up on the reverse. With lights in the windows.

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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.

Kaiser Wilhelm

Finbar Higgins,

My opinion? A colorized coin is worthless from the beginning.

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Joe

NEWS FLASH

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 !!

Kaiser Wilhelm

NOTICE: According to the U.S. Mint, the last instance of major BOT interference in a Mint sale was during that of the 2021 “CC” and “O” Privy Mark Silver Dollars. On that occasion BOT activity initiated by one or more Buying Group(s) and some independent Flippers managed to establish itself as fully SIXTY PERCENT of the traffic on the Mint’s web site for the duration of the sale of the two Silver Dollars. In other words, from Noon that day until all the Privy Morgans were gone we individual collectors were vying for what was available via FORTY PERCENT of… Read more »

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Last edited 14 days ago by Kaiser Wilhelm