On September 2, 2021, the United States Mint offered the second Proof version of the American Palladium Eagle. The 2021-W Proof Palladium Eagle (Buy on eBay) was priced initially at $3,350 with a household order limit as usual of one coin and a mintage limit of 12,000 coins.
Sales for the first three days were 3,817, and by the end of September 2021 they had dropped to 3,718. By the end of 2021, they increased to 4,777. That was due to a drop in the spot price of palladium at the time, which decreased the cost of the coin in early December 2021 to $2,700 from $2,950 in November 2021.
Cumulative sales through May 1, 2022 were 5,019 and through the end of June they reached 5,170. The coin was last priced at $2,800 and as of the time of writing in late June 2022, it is currently unavailable.
Depending on how many of the authorized maximum mintage of 12,000 coins were struck, more Proof coins might become available later in 2022. A 2022 Reverse Proof was scheduled to be released later in the year too.
In November 2021, without any prior announcement that only the second bullion $25 Palladium Eagle would be available for sale, the U.S. Mint offered its 13 Authorized Purchasers 8,700 2021 bullion coins, which sold out right away. No more bullion coins were offered in 2021.
Twenty twenty-one is the only year since the Palladium Eagle Program began in 2017 that a bullion and collector version were available. The market for these coins appears to be maturing. However, demand remains subject to a volatile spot market for palladium and historically high prices for the metal.
2021 Palladium Eagle Specifications:
- Designer: Adolph A. Weinman
- Composition: 99.95% platinum
- Diameter: 34.06 mm (1.34 inches)
- Weight: 31.120 grams (1.005 oz)
- Edge: reeded
- Mint Mark: West Point
2021 Palladium Eagle Mintages:
- Bullion: 8,700
- Proof: 5,169