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. The first gold Panda coins were produced at the Shanghai Mint in 1982 in 1oz, 1/2oz, 1/4oz and 1/10oz sizes. Since then, the Shenyang and Shenzhen mints began producing the coins with new denominations added and the coins also minted in silver, platinum and palladium.
Facts about the Chinese Gold Panda coin.
- Those coins are very common after 2008. There are just way too many. The older ones do seem worth collecting at a decent price though. But premiums are high.
- Mintage thought to be less than 7500 for the small date. There’s an auction in Monte Carlo each spring. Last year was centered around old Pandas coins.
- Pandas from the 1980s are rising in value fast.
- pre 2016 gold pandas weighed 31.1036 g, from 2016 they weigh 30 gr.
The face value of a one-ounce Chinese Gold Panda coin is 100 yuan and its fineness is .999, 24 karats. 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.