Copyright © PeerMetals 2026
The U.S. Mint's newest precious-metal Eagle and PeerMetals' first palladium listing, first struck in 2017 under the Palladium Bullion Coin Act of 2010 -- seven years passed between authorization and the first coin actually being sold. Rather than commissioning a new design, the Mint revived two of Adolph Weinman's early-20th-century works: the Mercury dime obverse and a separate eagle medal design for the reverse, giving the newest U.S. bullion coin the oldest design lineage of the four Eagle metals.
American Palladium Eagle melt value tracks palladium spot price directly — this chart is the same live palladium price used to calculate the melt value above, so you can see the trend behind today's number.
What is actually struck on each face, and who designed it.
Adolph Weinman's "Winged Liberty Head" — the same design used on the 1916–1945 Mercury dime, adapted for the coin's 2017 launch.
A high-relief eagle clutching a branch, adapted from Weinman's 1907 medal design for the American Institute of Architects.
Congress passed the Palladium Bullion Coin Act in December 2010, but the U.S. Mint didn't actually release the first Palladium Eagle until 2017 — a gap largely driven by working out sourcing and production for a metal the Mint had never struck bullion coins in before. Palladium remains the newest addition to the American Eagle bullion family by a wide margin.
Rather than commission new artwork, the Mint paired two existing Adolph Weinman works that had never appeared together: his 1916 "Winged Liberty Head" from the Mercury dime on the obverse, and a high-relief eagle he originally designed in 1907 for an American Institute of Architects medal on the reverse — making the newest U.S. bullion coin also the one built from the oldest source designs.
Where the Platinum Eagle's bullion-strike design has stayed fixed since 1997, the Palladium Eagle switches finish annually by design — some years bullion, other years reverse proof or enhanced finishes for collectors — making mintage figures and finish type worth checking per year rather than assuming consistency across the series.
About the American Palladium Eagle
At the current palladium spot price of $1,338.71/oz, the melt value of a American Palladium Eagle (1 troy oz, 99.95% fine palladium) is approximately $1,338.71. This updates continuously with the spot price above — sellers on the marketplace typically price above melt value, since the premium covers minting, distribution, and dealer margin.
Melt value is the raw metal content only — what you'd get scrapping the coin. The premium above it pays for minting, distribution, and dealer margin, and on this marketplace specifically, it's set by each individual seller rather than one company's price list, so it's worth comparing a few listings rather than buying the first one you see.
Like any commodity, palladium trades on global supply and demand — mine output and recycling on the supply side, industrial use, jewelry, and investment buying on the demand side. Short-term moves are usually driven by macro factors: interest rates, currency strength, and how much uncertainty investors are pricing into markets generally.
Government-minted bullion coins like this one are legal tender, widely recognized, and easy to resell — that recognition is usually worth the modest premium over generic rounds or bars of the same weight. For buyers who want to add to a physical position gradually, one-ounce coins are also just a convenient, liquid unit size.
This page shows melt value — spot price times pure metal content, recalculated on every page load. Individual seller listings add their own premium on top, and that premium (not the melt value) is what actually varies between sellers, so it's normal for listing prices below to sit above the number at the top of this page.
