The People’s Republic of China issues the Chinese Gold Panda series of gold bullion coins, which receive a significant amount of fame and global appeal compared to many other gold bullion coin series.
The Official Mint of the People’s Republic of China introduced the panda gold bullion coins in 1982. Each year, the Chinese Mint releases these highly regarded coins, which remain sealed in their original plastic. Thirty grams of pure gold struck at a purity of.999 make up each one-ounce coin.
Chinese Gold Panda Coins are available in various sizes and denominations, from 1/20 to 1 troy ounce, and the panda motif varies every year (1.6 to 31.1 grams).
History of the Chinese Gold Panda Coin
In 1982, China released its first panda-themed gold coins in sizes 1, 1, 2, and 1/10 out (31.1, 15.6, 7.8, and 3.1 g) in addition to 99.9 pure gold on other hand in 1983, 120 oz, a new size, was introduced (1.6 g).
Furthermore, for many years the larger panda coins weighing 5 and 12 oz have been produced (160 and 370 g). Each year, a new design for these well-known coins is released in brilliant uncirculated grade that looks like proof. Pandas in 2002 were similar to those in 2001 because of a design freeze announced with the 2001 releases.
On the other hand, collectors argued for yearly adjustments, and China changed its previous policy. Beijing, Shanghai, Shenyang, and Shenzhen are just some of the mints that make these coins.
It is possible to identify the coin’s originating Mint in some years thanks to slight variations in the design, such as the size of the date or the temple’s style. As also, different designers create for specific years.
Physical Features of Chinese Gold Panda Coin
Obverse: The Hall of Prayer for Good Harvest in the Temple of Heaven in Beijing is depicted on the coin’s “obverse” front side. A well-known landmark in the Chinese capital is this striking image and also an inner ring contains its image. The coin’s year, such as 2016, is inscribed in the outer ring near the bottom of the rim. Chinese writing can be found at the top of the obverse rim. These notes bear the name of the nation that issues them, The People’s Republic of China.
Reverse: The Chinese Gold Panda coins’ reverse sides are unique because they have different designs yearly. The depiction is always of one of the rare, well-known as well as adored panda bears that live in China’s forests. The distinctive attractiveness of the coins comes from these pandas. The reverse design of the 2016 Panda coin depicts the panda holding onto a tree branch, with bamboo stalks embedded in a wall face in the backdrop.
The Chinese Gold Panda Coin is currently issued in face value denominations of 500, 200, 100, 50, and 20 yuan and are legal money in the People’s Republic of China. In 1982, China introduced its first panda-themed gold coins, available in sizes 1, 1, 2, and 1/10 oz (31.1, 15.6, 7.8, and 3.1 g) with a purity of 99.9%.
The production and release of 3 yuan (1 gram) Gold Pandas in 1991 was an exception. The Gold Panda did not indicate the coin’s worth until 2015.
|Face value (1982-2000)||Face value (2001-2015)||Nominal gold weight||Fine weight||Total weight||Diameter||Thickness|
|100 yuan||500 yuan||1 troy ounce||31.103 g||32.05 mm||2.70 mm|
|50 yuan||200 yuan||1/2 troy ounce||15.5515 g||27.00 mm||1.85 mm|
|25 yuan||100 yuan||1/4 troy ounce||7.7758 g||21.95 mm||1.53 mm|
|10 yuan||50 yuan||1/10 troy ounce||3.1103 g||17.95 mm||1.05 mm|
|5 yuan||20 yuan||1/20 troy ounce||1.5552 g||13.92 mm||0.83 mm|
Pricing of Chinese Gold Panda Coin
Chinese Gold Panda coins are popular as payment in China. The face value of each coin is present on the coin and varies by denomination. Also, 500 Yuan is the most widely prevalent one-ounce variant. Although the coins can be used to pay this amount, nobody does this. Its value is principally determined by the spot price of gold and secondarily by the forces of supply and demand.
When coins are part of a retirement or investment portfolio, their value is determined by the market price. Demand from investors and coin collectors drives up the price of these coins above the spot price of gold further, It aids in defraying distribution and coinage costs. The intrinsic value of these coins fluctuates daily, along with the fluctuating price of gold.
Chinese Gold Panda Coin is one of the most prominent bullion collections in the precious metals sector. This series, which debuted in 1982, was the first to emphasize providing fresh reverse pictures every year.
The Chinese Mint produced the 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz coins at the start of the series in 1982. After introducing a 1/20 oz gold coin a year later, the Mint remained with these five weights. The Hall of Prayer for Abundant Harvests is a static image that the Mint has used for the obverse design of the Chinese Gold Panda Coin.
The intrinsic value of these coins fluctuates daily along with the fluctuating price of gold. However, you can check out the Best gold IRA investment companies 2023 by clicking on this link.