PALLADIUM BULLION COINS - Nothing but a more firm timeframe for a decision
MsMorrisine
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2012 US Mint Annual Report
PALLADIUM BULLION COINS
On December 14, 2010, President Obama signed the American Eagle Palladium Bullion Coin Act of 2010 (Public Law 111-303). This legislation authorizes the Secretary of the Treasury to mint and issue a $25 coin weighing one troy ounce and containing .9995 fine palladium. The legislation specifies that a reputable independent third-party will analyze whether there is adequate demand for palladium bullion coins, and if so, whether the coins could be minted at no net cost to taxpayers. If the third party’s marketing study demonstrated a palladium bullion coin program would meet these criteria, then the Mint would be mandated to commence a program within one year. The Mint contracted with an independent research firm to conduct the study and will report to the Secretary of the Treasury and Congress on the findings in FY 2013.
PALLADIUM BULLION COINS
On December 14, 2010, President Obama signed the American Eagle Palladium Bullion Coin Act of 2010 (Public Law 111-303). This legislation authorizes the Secretary of the Treasury to mint and issue a $25 coin weighing one troy ounce and containing .9995 fine palladium. The legislation specifies that a reputable independent third-party will analyze whether there is adequate demand for palladium bullion coins, and if so, whether the coins could be minted at no net cost to taxpayers. If the third party’s marketing study demonstrated a palladium bullion coin program would meet these criteria, then the Mint would be mandated to commence a program within one year. The Mint contracted with an independent research firm to conduct the study and will report to the Secretary of the Treasury and Congress on the findings in FY 2013.
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