Chinese gold coins have a rich history dating back to over 3000 years. Minting of the modern coins which are of 99.90% fineness started in 1982. The bullion coin is currently released sizes of 1, 1/2, 1/4, 1/10, 1/20 ounce and 1 g by China Gold Coin Incorporation (CGCI). Although larger sizes of up to 12 ounces have been released, they remain very scarce as they are hardly released on circulation. They are named gold pandas after the panda depiction on their reverse.
The naming panda is after the adorable pandas depicted on the reverse of each of the subsequent coin. Pandas are dearly protected animals being considered an endangered species in the world. The image on each of the subsequent series changes making them even more fascinating to coin collectors. The panda depiction is accompanied by inscriptions of the bullion size, its denomination, fineness and a gold symbol.
Such factors as limited quantities minted, high demand from investors, jewelry industry and coin collectors, the spot price of is always high above bullion melt value. This is best evidenced by a comparison with other international bullion currencies, majority of which hardly trade above their melt value.
The design of the coin features the renown Temple of Heaven on the face. When minted as a commemorative coin, the event being commemorated is also depicted on the obverse with the best example shown by those minted in 2007 to commemorate 25th Anniversary since their first minting. Other than this, the name (Zhonghua Renmin Gongheguo) for Peoples Republic of China and the year of production also appear on the face.
These coins have attracted interest from large pool of investors and collectors. While collectors find them highly attractive particularly with the panda image on the reverse that changes every year, the jewelry dealers on the other hand are faced with high demand both from fashion lovers who prefer to either wear them directly as a necklace or the other category that goes for the modified ones.
As confirmed by auction records and official mintage statistics, the coin has always been minted in quantities way below the demand, which helps keep demand high. In the jewelry industry they are won as necklaces with other firms even melting them to make pure jewels. Coin collectors on the other hands keep them for their monumental value using dates as the desired method of collection.
For the collectors who use dates as the preferred item of reference, it is worthy noticing the similarity of 2001 series to those of 2002. This is explained by the decision in 2001 to have all subsequent productions with the similar depiction of pandas. The policy was however reverted in 2003 following outcry from collectors who wanted the tradition maintained.
Chinese gold coins are still the most sought after bullion currency driving interest from all investors globally. With bright future largely by the fact that Chinese government are preparing to use bullion as a reserve currency, the demand is set to sky rocket, and speculators are already taking advantage of the situation. As an investor, it will be unimaginable to miss out of this opportunity.
The naming panda is after the adorable pandas depicted on the reverse of each of the subsequent coin. Pandas are dearly protected animals being considered an endangered species in the world. The image on each of the subsequent series changes making them even more fascinating to coin collectors. The panda depiction is accompanied by inscriptions of the bullion size, its denomination, fineness and a gold symbol.
Such factors as limited quantities minted, high demand from investors, jewelry industry and coin collectors, the spot price of is always high above bullion melt value. This is best evidenced by a comparison with other international bullion currencies, majority of which hardly trade above their melt value.
The design of the coin features the renown Temple of Heaven on the face. When minted as a commemorative coin, the event being commemorated is also depicted on the obverse with the best example shown by those minted in 2007 to commemorate 25th Anniversary since their first minting. Other than this, the name (Zhonghua Renmin Gongheguo) for Peoples Republic of China and the year of production also appear on the face.
These coins have attracted interest from large pool of investors and collectors. While collectors find them highly attractive particularly with the panda image on the reverse that changes every year, the jewelry dealers on the other hand are faced with high demand both from fashion lovers who prefer to either wear them directly as a necklace or the other category that goes for the modified ones.
As confirmed by auction records and official mintage statistics, the coin has always been minted in quantities way below the demand, which helps keep demand high. In the jewelry industry they are won as necklaces with other firms even melting them to make pure jewels. Coin collectors on the other hands keep them for their monumental value using dates as the desired method of collection.
For the collectors who use dates as the preferred item of reference, it is worthy noticing the similarity of 2001 series to those of 2002. This is explained by the decision in 2001 to have all subsequent productions with the similar depiction of pandas. The policy was however reverted in 2003 following outcry from collectors who wanted the tradition maintained.
Chinese gold coins are still the most sought after bullion currency driving interest from all investors globally. With bright future largely by the fact that Chinese government are preparing to use bullion as a reserve currency, the demand is set to sky rocket, and speculators are already taking advantage of the situation. As an investor, it will be unimaginable to miss out of this opportunity.
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