Proof Platinum Eagle or Proof Palladium Eagle: Which Is Your Perfect Next Choice?

Proof Platinum Eagle or Proof Palladium Eagle: Which Is Your Perfect Next Choice?

Proof Platinum Eagle or Proof Palladium Eagle: Which Is Your Perfect Next Choice?

Any time you decide to add to your coin collection is a good day. Yet, with so many exciting coins to consider, how do you make up your mind? If you have been looking at the proof platinum eagle and the proof palladium eagle, you have a tough decision ahead of you. Both are beautiful and valuable precious metal coins, and either one would enhance your collection of numismatic coins. Here’s what you need to know to select the one that’s right for you.

Comparing Proof American Eagle Coins

American Eagle coins all have amazing designs and high precious metal content.

Proof Eagle coins are the special collector’s version of the American Eagle. They come with a certificate of authenticity, a box marked Proof coin, and all have a brilliant proof finish.

To compare these proof coins, you need to look at the type of metal, the designs, and the collectors’ value of each coin. Then, you can decide which specific platinum or palladium coin to get.

Proof Platinum Eagle

The United States Mint produces platinum Eagles as their only official platinum bullion coin. However, they also mint proof American Platinum Eagle coins for collectors. These platinum coins have different designs from the bullion coins. In addition, their collector’s value may be quite different from the value of a simple bullion Eagle.

Proof coins are struck multiple times and handled by hand compared to an automated process used for bullion coins.

 

2021 Proof Platinum Eagle Obverse
2021 Proof Platinum Eagle Obverse

Obverse Design

The first Proof Platinum Eagle coins had an obverse designed by John Mercanti. They featured a portrait of Lady Liberty and inscriptions of “Liberty,” “In God We Trust,” and the year. This obverse design was used from 1997 to 2017.

The platinum proof eagles minted from 2018 to 2020 bore different designs, each depicting a different core principle of the Declaration of Independence. The 2018 platinum proofs honored “Life,” the 2019, “Liberty,” and the 2020, “Pursuit of Happiness.” These coins kept the same obverse inscriptions but added “9995 fine” and “E Pluribus Unum,” as well as “Life” on some 2018 coins and “Pursuit of Happiness” on some 2020 coins.

In 2021, the mint began a new series of Proof Platinum Eagle coins. This five-year program is set to run through 2025, with each obverse showing an image and inscription for a different stage in the growth of an oak tree. This design embodies a poetic reference to the growth of our freedom-loving nation.

Reverse Designs

The reverse designs of the Proof Platinum Eagle coins also feature different designs over the years. From 1998 to 2021, these designs included:

2021 Proof Platinum Eagle
2021 Proof Platinum Eagle
  • Vistas of Liberty
  • Foundations of Democracy
  • Preamble to the Constitution
  • Torches of Liberty
  • Preamble to the Declaration of Independence

The U.S. Mint has also released plans for the 2021-2025 reverse designs, including depictions and inscriptions recognizing:

  • Freedom of Religion
  • Freedom of Speech
  • Freedom of the Press
  • Freedom to Peacefully Assemble
  • Freedom to Petition the Government for a Redress of Grievances

Minting Facts

Knowing minting facts like how many coins were minted, in what years, and other specifics can help you decide what coin you prefer.  Here are some minting details about the Proof Platinum Eagle.

  • Weights – You can get some platinum American eagle coins in several sizes, ranging from one ounce to a tenth of an ounce. However, the mint discontinued the smaller sizes of platinum coins after 2008. Later platinum Eagle coins were only available in one-ounce weights.
  • Mintages – The lowest mintages for 1 oz Proof Platinum Eagle coins were 3,886 in 2015 and 4,596 in 2014. The greatest number minted was 20,851 in 1997, the first year of the program for Platinum coins.
  • Mintmark – All Proof Platinum Eagles bear the mintmark “W” for West Point.
  • Purity – All Proof American Platinum Eagles are .9995 pure platinum.

Proof Platinum Eagle Coins to Consider

While all Proof Platinum Eagle coins are valuable and beautiful, some of these coins and sets really stand out. Here are some to consider if you choose Platinum:

2007 1/2-Ounce Proof Platinum Set – This set was created to commemorate the Platinum Eagle program’s 10th anniversary. It contains two half-ounce proof platinum eagle coins. What’s more, the two coins were struck differently, with one being the same as the previous 2007 platinum eagles and one having an enhanced image of the same design. The set was so popular that half the maximum number of coins that were minted were sold out in the first week.

2018 Proof American Platinum Eagle – As the first in the 3-year series reflecting themes from the Preamble to the Declaration of Independence, this coin has been a favorite of collectors. The same is likely to be true of any coin that is the first of a series or coin program.

Proof Palladium Eagle

In the American Eagle program, Palladium coins are relatively new. The palladium bullion coin, the proof American Eagle one-ounce palladium coin, the reverse proof palladium coin, and the uncirculated palladium coin have been minted in different years, beginning with palladium bullion coins in 2017, the first year that palladium coins joined the program.

Just as the Platinum and other Proof coins are handled by hand from start to finish, Proof Palladium Eagles are no different.

Obverse Design

2021 Palladium Eagle Obverse
2021 Palladium Eagle Obverse

The obverse design of the Proof Palladium Eagle, as well as that of the palladium bullion eagle, bears the image of winged Liberty. This depiction was created by world-renowned designer Adolph A Weinman and originally appeared on the early 1900s coin known as the Mercury dime.

Reverse Design

The reverse design was also created by Weinman and features the image from the American Institute of Architects gold medal the artist designed for 1907.  This reverse depicts a standing eagle with wings up, pulling a laurel leaf from a rock. It bears the inscriptions “United States of America,” the face value, “E Pluribus Unum,” and “Pd” (the chemical symbol for palladium) “.9995.”

2021 Palladium Eagle Reverse
2021 Palladium Eagle Reverse

Minting Facts

While Proof Palladium Eagle coins have not been around as long as Proof Platinum Eagle coins, there are already some unique facts to learn about their minting.

  • First Year – The first 1 oz Proof Palladium Eagle coins bear the mint date of 2018.
  • Mintage Limit – In 2018, the mintage limit for Proof Palladium Eagle coins was 15,000.
  • Reverse Proof – In 2019, the mint produced a reverse proof coin with a mintage limit of 30,000.
  • Mintmark – All Proof Palladium Eagles come from the West Point Mint and bear the mintmark “W.”

Proof Palladium Coins to Consider

In just a few short years, there are a couple of stunning variations of the Proof Palladium Eagle. Consider these coins if you go with Palladium Eagles:

2019 Reverse Proof Palladium Eagle – A reverse proof coin has an impressive appearance. It is struck in the same way as other proof coins, but its raised portions are mirror-like and lower fields frosty-looking. If you have ever wanted a reverse proof coin, this Proof Palladium Eagle is a great first choice.

2021 Proof American Palladium Eagle – This coin has the same design as the palladium eagle bullion coin but with a proof finish perfect for collectors. It comes in a gray leatherette presentation case with a Certificate of Authenticity.

If you’re interested in learning more about Palladium coins in general, check out THIS link to post we wrote not to long ago.

Summary

Choosing a new coin for your collection is always exciting. The Proof Platinum Eagle and the Proof Palladium Eagle are both excellent options. They have fascinating designs and high precious metal content, along with outstanding collector’s value. In fact, you may want to purchase one or more of each.

If you are still unsure, you can get some clarity by speaking with a rare coin dealer. They will ask questions to understand what you want in a proof coin. Then, they will fill you in on additional details about the coins. Finally, they can recommend coins you might prefer and explain what to do next.

At Atlanta Gold & Coin Buyers, our vast experience and knowledge work for you so that you get the best coins for yourself. We buy platinum and palladium coins, including American Eagles, offering fair and transparent pricing. Whether you are looking to add these coins to your collection or sell coins you already have, contact us for the best advice and customer service available.

Tony Davis
Tony Davis