American Eagle Palladium Bullion Coin Act of 2010
PL 111-303 (H.R.6166), enacted 12/14/2010

124 STAT. 3275 
PUBLIC LAW 111–303—DEC. 14, 2010 
Public Law 111–303 
111th Congress 
An Act 
To authorize the production of palladium bullion coins to provide affordable opportu-
nities for investments in precious metals, and for other purposes. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘American Eagle Palladium Bul-
lion Coin Act of 2010’’. 
SEC. 2. PALLADIUM COIN. 
Section 5112 of title 31, United States Code, is amended— 
(1) in subsection (a), by adding at the end the following 
new paragraph; 
‘‘(12) A $25 coin of an appropriate size and thickness, 
as determined by the Secretary, that weighs 1 troy ounce 
and contains .9995 fine palladium.’’; and 
(2) by adding at the end the following new subsection: 
‘‘(v) PALLADIUM BULLION INVESTMENT COINS.— 
‘‘(1) IN GENERAL.—Subject to the submission to the Sec-
retary and the Congress of a marketing study described in 
paragraph (8), beginning not more than 1 year after the submis-
sion of the study to the Secretary and the Congress, the Sec-
retary shall mint and issue the palladium coins described in 
paragraph (12) of subsection (a) in such quantities as the Sec-
retary may determine to be appropriate to meet demand. 
‘‘(2) SOURCE OF BULLION.— 
‘‘(A) IN GENERAL.—The Secretary shall acquire bullion 
for the palladium coins issued under this subsection by 
purchase of palladium mined from natural deposits in the 
United States, or in a territory or possession of the United 
States, within 1 year after the month in which the ore 
from which it is derived was mined. If no such palladium 
is available or if it is not economically feasible to obtain 
such palladium, the Secretary may obtain palladium for 
the palladium coins described in paragraph (12) of sub-
section (a) from other available sources. 
‘‘(B) PRICE OF BULLION.—The Secretary shall pay not 
more than the average world price for the palladium under 
subparagraph (A). 
‘‘(3) SALE OF COINS.—Each coin issued under this subsection 
shall be sold for an amount the Secretary determines to be 
appropriate, but not less than the sum of— 
‘‘(A) the market value of the bullion at the time of 
sale; and 
Deadline. 
Deadline. 
31 USC 5101 
note. 
American Eagle 
Palladium 
Bullion Coin Act 
of 2010. 
Dec. 14, 2010 
[H.R. 6166] 
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124 STAT. 3276 
PUBLIC LAW 111–303—DEC. 14, 2010 
‘‘(B) the cost of designing and issuing the coins, 
including labor, materials, dies, use of machinery, overhead 
expenses, marketing, distribution, and shipping. 
‘‘(4) TREATMENT.—For purposes of section 5134 and 5136, 
all coins minted under this subsection shall be considered to 
be numismatic items. 
‘‘(5) QUALITY.—The Secretary may issue the coins described 
in paragraph (1) in both proof and uncirculated versions, except 
that, should the Secretary determine that it is appropriate 
to issue proof or uncirculated versions of such coin, the Sec-
retary shall, to the greatest extent possible, ensure that the 
surface treatment of each year’s proof or uncirculated version 
differs in some material way from that of the preceding year. 
‘‘(6) DESIGN.—Coins minted and issued under this sub-
section shall bear designs on the obverse and reverse that 
are close likenesses of the work of famed American coin 
designer and medallic artist Adolph Alexander Weinman— 
‘‘(A) the obverse shall bear a high-relief likeness of 
the ‘Winged Liberty’ design used on the obverse of the 
so-called ‘Mercury dime’; 
‘‘(B) the reverse shall bear a high-relief version of 
the reverse design of the 1907 American Institute of 
Architects medal; and 
‘‘(C) the coin shall bear such other inscriptions, 
including ‘Liberty’, ‘In God We Trust’, ‘United States of 
America’, the denomination and weight of the coin and 
the fineness of the metal, as the Secretary determines 
to be appropriate and in keeping with the original design. 
‘‘(7) MINT FACILITY.—Any United States mint, other than 
the United States Mint at West Point, New York, may be 
used to strike coins minted under this subsection other than 
any proof version of any such coin. If the Secretary determines 
that it is appropriate to issue any proof version of such coin, 
coins of such version shall be struck only at the United States 
Mint at West Point, New York. 
‘‘(8) MARKETING
STUDY
DEFINED.—The market study 
described in paragraph (1) means an analysis of the market 
for palladium bullion investments conducted by a reputable, 
independent third party that demonstrates that there would 
be adequate demand for palladium bullion coins produced by 
the United States Mint to ensure that such coins could be 
minted and issued at no net cost to taxpayers.’’. 
SEC. 3. BUDGETARY EFFECT. 
The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined 
by reference to the latest statement titled ‘‘Budgetary Effects of 
PAYGO Legislation’’ for this Act, submitted for printing in the 
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124 STAT. 3277 
PUBLIC LAW 111–303—DEC. 14, 2010 
LEGISLATIVE HISTORY—H.R. 6166: 
CONGRESSIONAL RECORD, Vol. 156 (2010): 
Sept. 29, considered and passed House. 
Nov. 30, considered and passed Senate. 
Congressional Record by the Chairman of the House Budget Com-
mittee, provided that such statement has been submitted prior 
to the vote on passage. 
Approved December 14, 2010. 
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