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The authorizing legislation called for the creation of a new series of bullion eagles made of palladium, and left the Mint with the discretion to decide whether or not to also issue collector versions in proof and/or uncirculated finishes, but it included the stipulation that if collector versions were issued, each year’s coin would have a finish that differed from the previous year’s coin.
The legislation also stipulates that the obverse of the coins had to be a high-relief version of the famous Winged Liberty ten cent coin
and the reverse a high-relief rendition of the 1907 American Institute of Architects gold medal, both designed by Adolph Weinman.
The coins had to start being issued within one year of the delivery of the report to Congress, so the clock is now ticking.
But coin collectors and palladium investors will be disappointed to learn that the main conclusion of the report is that bullion palladium eagles are unlikely to be profitable because demand would continue to trail off after the first couple of years, while collector versions would be more likely to turn a profit.
The Coin Analyst: Palladium Eagle?s Future Uncertain Following Release of Report to Congress | CoinWeek
The legislation also stipulates that the obverse of the coins had to be a high-relief version of the famous Winged Liberty ten cent coin
and the reverse a high-relief rendition of the 1907 American Institute of Architects gold medal, both designed by Adolph Weinman.
The coins had to start being issued within one year of the delivery of the report to Congress, so the clock is now ticking.
But coin collectors and palladium investors will be disappointed to learn that the main conclusion of the report is that bullion palladium eagles are unlikely to be profitable because demand would continue to trail off after the first couple of years, while collector versions would be more likely to turn a profit.
The Coin Analyst: Palladium Eagle?s Future Uncertain Following Release of Report to Congress | CoinWeek
