Senate Approves Palladium Bullion Coins. Any thoughts on Palladium?Submitted by the clover helix on Sat, 12/04/2010 - 06:49
A new American palladium bullion 1 oz coin is becoming available soon. I've read on several blogs that the mint has been pushing this new palladium bullion product to take pressure off of it's silver eagle program. I like palladium, but I like silver a lot more. Any thoughts?
"Legislation authorizing the US Mint to strike American Palladium Eagle coins was approved Tuesday by the U.S. Senate and has been sent to the desk of President Barack Obama to await his expected signature."
"Stipulations in the American Eagle Palladium Bullion Coin Act of 2010 dictate that the obverse and reverse designs be based on the work of noted artist Adolph A. Weinman. Weinman's name is well-known to coin collectors as his "Walking Liberty" already graces the American Silver Eagle coin. That design was originally used on the silver Walking Liberty Half Dollar that appeared from 1916-1947 and is considered by many to be one of the most beautiful ever to be used on a coin of the United States."
"The obverse of the American Palladium Eagle coins will also be a design showcased before on a circulating coin. This time, the image will be a high relief likeness of Weinman's "Winged Liberty" which appeared on the silver dime from 1916-1945. Many know this coin as the silver Mercury Dime."
"On the reverse, a much less well-known design of Weinman's will be used. It will be taken from the 1907 American Institute of Architects medal."
"Each new coin will be struck from one ounce of .9995 fine palladium with a face value of $25. The coin's diameter and thickness will be determined by the Treasury Secretary. Proof versions will be minted in West Point. Uncirculated and bullion versions may be minted at any Mint facility."
Also, found a great article on a very cool 1 oz Canadian silver coin...