As panda is a very significant and national symbol of China, China used this symbol to represent them in their gold bullion coins. It is also due to the fact that the animal is endangered that panda is being featured in the Chinese Gold coins. The Chinese Gold Panda coins series has become very popular in the gold market and its demands are continually rising despite the fluctuations in gold prices. What distinguishes the gold panda coins from the rest of the gold coins is the fact that the design of the coin showing the panda changes every year and that the coins are minted individually as limited edition.
Facts about the Chinese Gold Panda coin,
The face value of a one ounce Chinese Gold Panda coin is 100 yuan and its fineness is .999, 24 karat. The actual gold content of the coin is 1.0 troy ounce, which is 31.103 grams but it is also minted in many other sizes such as one-half ounce, one-quarter ounce, one-tenth ounce, one-twentieth ounce sizes. In 1982, it was the first year the Chinese Gold Panda coin was released and it is known that the original and revised mintages of the smallest one-ounce Chinese Gold Panda coin are 15,815 and 13,352 respectively. The coins are created and done by many cities such as Shenyang, Shenzhen, Shanghai and Beijing.
Usage of the Chinese Gold Panda coin.
Since there are variations in the design of the Chinese Gold Panda coin with each passing year, this will create diversity in the coins and thus, consumers are willing to pay the extra amount for the change in designs. The gold pandas have also been used for jewelry, which has been quite a hit in worldwide, especially in the U.S. For example, the one ounce coins are able to be used for necklace mountings. Another example is that accessories such as bracelets, pendants and earrings are made with the Chinese Gold Pandas coin that is smaller than 1 ounce.