In a surprise announcement, the United States Mint has lifted the household purchase limit on the 2019-W American Eagle Palladium proof coin. That means if you can pony up the $1987.50 for the coin, you can buy as many as you want while supplies last.
The new Palladium coin dominated this past week’s Mint sales report, selling 16,690 of them in its first week of availability. That means that 56% of the 30,000 total being produced have already been sold. To this point, there has been a strict one coin per household limit, which the Mint often does on bullion coins and limited sets. Removing the limit will all-but guarantee that the remaining 13,310 will be sold quickly and likely by the end of this week.
This particular series of bullion coins started in 2017 with an uncirculated version that year. It was followed in 2018 with the proof version and this year, for the first time, the 2019-W American Eagle Palladium coin is being offered in Reverse Proof. So far, all three years that the Palladium American Eagle has been offered, they have sold quickly.
The Obverse of the coin features the Mercury Dime design of Adolph A. Weinman, albeit in high-relief. The Reverse features a high-relief version of the 1907 American Institute of Architects Gold Medal. It was also designed by Weinman. Those two designs have been some of the most popular in the history of the United States Mint which has added to the popularity of this bullion coin.
If you want to pick up one of these beautiful Palladium coins, head to the product page for it on the Mint’s site. Further, if you need more incentive to pick on up now, the Mint has suggested that the price will go up on September 18, 2019 as the spot price for Palladium will be adjusted for in their pricing.