The first palladium coins were issued before Precious Metal IRAs were available, and long before they were a popular investing option. The African nation of Sierra Leone was the first to issue a palladium coin when it issued a coin in 1966, which was quickly followed by a palladium coin from Tonga in 1967. In the years to come, Canada, the Soviet Union, Franc, Palau, Portugal, China, and Australia would issue palladium coins. However, most of these coins were commemorative issues that would not qualify as IRA-approved palladium coins today.
Though Wall Street Metals does not carry any, the Russian Federation has minted the most palladium coins of any nation in the world. The two most-popular IRA-approved palladium coins available today come from two of the most prominent mints in the world: the United States Mint and the Royal Canadian Mint.
The following descriptions offer insight into the most-popular IRA-approved palladium bullion coins out there at the moment:
American Palladium Eagle: On September 25, 2017, the United States Mint finally introduced a Palladium Eagle seven years after passage of the American Eagle Palladium Coin Act of 2010. The American Palladium Eagle features .9995 pure palladium and has a face value of $25 (USD). Available only in 1 oz of palladium, the latest addition to the American Eagle Series has the image of Winged Liberty from the historic Mercury Dime on the obverse, a creation of Adolph A. Weinman. The reverse of the coin also includes a Weinman design created in 1907 for the American Institute of Architect’s Gold Medal.
Canadian Palladium Maple Leaf: The Royal Canadian Mint issued the Canadian Palladium Maple Leaf coins for the first time in 2005. The coinage has .9995 pure palladium content and a face value of $50 (CAD) in a 1 oz coin. The coins feature the same beautiful sugar maple leaf design from Walter Ott introduced in 1979 on the Gold Maple Leaf. The Palladium Maple Leaf features the fourth-generation right-profile effigy of Queen Elizabeth II from Susanna Blunt. The coins were available in 2005, 2007, and from 2009 onward.
Palladium coinage is considered IRA-approved palladium bullion when it meets a minimum purity level of .9995 and is backed by a sovereign government for its weight and purity level. This makes the American Palladium Eagle and Canadian Palladium Maple Leaf the most-popular IRA-approved palladium coinage available today.