The Eagle Palladium Bullion Coin Act of 2010 was the legislation that the US Congress used to legalize the Palladium Eagle. On December 14, 2010, President Barrack Obama signed this Act into law, making it Public Law 111-303.
In order to ascertain whether the public is interested enough for the US Mint to start making Palladium Eagle coins, the Act mandates that the Secretary of the Treasury commission an impartial third party to carry out a marketing research.
The new program must have no net cost to taxpayers and earn enough cash to sustain itself based on demand. If the research meets those standards, the Treasury Secretary must start making the new Eagles within a year of submitting it to Congress.
With one ounce of.9995 palladium per coin, the US Mint will manufacture four precious metal American Eagles. It would join the 1986 Gold and Silver Eagles and 1997 Platinum Eagle. Treasury Secretary will determine diameter and thickness.
The statute stipulates that the work of the well-known artist Adolph A. Weinman must be included in both the obverse and reverse designs with equal weight.
A resemblance to Weinman's Winged Liberty design, which many people will remember was featured on the Mercury silver dime that was in circulation from 1916 until 1947, will be featured on the obverse of the coin.
A design by Weinman that is not as well-known will be displayed on the back of the product. On the back side of the American Institute of Architects Medal that was awarded in 1907, it was shown.
The bullion coins that are produced at any facility other than West Point will each have a face value of $25. The face value of each striking will be different.
In the event that it is decided that Proof Palladium Eagles will be created, it is absolutely necessary for the manufacturing of these coins to take place at West Point Army Depot.