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 bullion is released on different sizes to certify various levels of demand. These sizes are also meant to correspond to the denominations. The most common sizes are 1/2 oz, 1/4 oz, 1/10 oz and 1/20 which corresponds to 25, 100, 200 and 500 Yuan respectively. Others ranging from 1 to 12 ounce are also minted although they are very rare and hardly on circulation. China Gold Coin Incorporation (CGCI) also made 1 g coin available making this the first bullion in the world to be minted on that size.
On the obverse, the famous Temple of Heaven is the main depiction with minimal changes since the first minting. The ones minting as a commemorative events have the event being commemorated in addition to the main depiction on the obverse. This is accompanied by the year on which the coin is released. Zhonghua Renmin Gongheguo which is Chinese word for the Peoples Republic of China is also encrypted on the face of the coin.
What perhaps makes this coin irresistible to coin collectors is the adorable panda depiction on the reverse. The images of giant pandas are so well depicted with each of the subsequent series with a unique panda picture as a tradition. The tradition that has lasted since first minting to date except for those of 2002 which were similar to the 2001 series as the policy had been changed that future gold panda coins maintain similarity. The objection from collectors forced CGCI to reconsider this policy and went back to the tradition.
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.
The collectors like them for their monumental value, majority preferring to collect them with date series. In jewelry industry, a collection of these coins is won directly as a necklace. With such high level of fineness, it is also used to manufactures other ornamental items. Investors too are not left behind; they are actively investing in them. They are encouraged by the active market this currency enjoys both locally where it serves as a legal tender and a banker of choice and internationally where it is used as a store of wealth and monumental item.
With China rumored to be holding bullion reserve almost rivaling that of the United States, the value of this panda coin is set to even increase. China is setting itself a reserve currency candidate and bullion is the banker of choice. This is the other factor attracting speculator to panda coin.
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 bullion is released on different sizes to certify various levels of demand. These sizes are also meant to correspond to the denominations. The most common sizes are 1/2 oz, 1/4 oz, 1/10 oz and 1/20 which corresponds to 25, 100, 200 and 500 Yuan respectively. Others ranging from 1 to 12 ounce are also minted although they are very rare and hardly on circulation. China Gold Coin Incorporation (CGCI) also made 1 g coin available making this the first bullion in the world to be minted on that size.
On the obverse, the famous Temple of Heaven is the main depiction with minimal changes since the first minting. The ones minting as a commemorative events have the event being commemorated in addition to the main depiction on the obverse. This is accompanied by the year on which the coin is released. Zhonghua Renmin Gongheguo which is Chinese word for the Peoples Republic of China is also encrypted on the face of the coin.
What perhaps makes this coin irresistible to coin collectors is the adorable panda depiction on the reverse. The images of giant pandas are so well depicted with each of the subsequent series with a unique panda picture as a tradition. The tradition that has lasted since first minting to date except for those of 2002 which were similar to the 2001 series as the policy had been changed that future gold panda coins maintain similarity. The objection from collectors forced CGCI to reconsider this policy and went back to the tradition.
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.
The collectors like them for their monumental value, majority preferring to collect them with date series. In jewelry industry, a collection of these coins is won directly as a necklace. With such high level of fineness, it is also used to manufactures other ornamental items. Investors too are not left behind; they are actively investing in them. They are encouraged by the active market this currency enjoys both locally where it serves as a legal tender and a banker of choice and internationally where it is used as a store of wealth and monumental item.
With China rumored to be holding bullion reserve almost rivaling that of the United States, the value of this panda coin is set to even increase. China is setting itself a reserve currency candidate and bullion is the banker of choice. This is the other factor attracting speculator to panda coin.
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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