Chinese Panda Coins 1 oz gold
Introduction: First minted in 1982, the Chinese Panda Coins are China’s official gold bullion coin. Commonly referred to by collectors and investors as “Pandas,” these coins are renowned for their unadorned design and classic beauty. Part of the charm of the Chinese Panda coins is that its design varies by year. The design on the coin you receive may differ from the coin featured below. Depicted on the obverse of this remarkable gold bullion coin is various panda motifs. Dominating the reverse is a rendering of the elaborate Temple of Heaven, which was built during the Ming Dynasty in the fifteenth century as a house of worship for China’s ruling elite. The Chinese Panda gold coin contains 1 ounce of .999 fine gold.
Inflation-Proof Investor's wholesale deal outline: Minimum Purchase: 250 oz Maximum Purchase: Check for availability. Source of supply: Primary Market Participant Price: LBMA + 5,5% (Not including transportation).
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The .999 fine gold Panda series became one of the most successful bullion coins of the 1980's. Response in the U.S. to these warm and fuzzy little panda images was very positive, and the concept of a premium-priced bullion coin was established, as the gold Pandas became popular collectibles. In the past few years, the Chinese gold Panda has become more and more popular with gold buyers in China and around the world. By changing the design every year, the Chinese were able to build a steady demand for these products regardless of gold price fluctuations. Gold Pandas also encouraged jewelry use, as the one ounce coins were set in necklace mountings, and the smaller sizes were sold in pendants, bracelets, and earrings. Panda coin jewelry became quite an item in the U.S., and the rest of the world.
Chinese Panda gold coins are issued by China at a higher percentage over the actual gold price than standard bullion coins, and pioneered the idea of a modern collectible/bullion coin. 1982 was the first year the Panda was issued, and by 1987 collector interest was so high that specimens of the one ounce 1982 Panda traded for over $3,000. Other early year Chinese gold Pandas also sold for big premiums in the after-market at that time, and Panda mania was on. China found itself sitting on a gold mine, so to speak, and expanded their product line to meet the growing demand. Very few collectors were buying the yearly new-issue Pandas.
Today, when the Chinese gold Panda issues from the 1980's come on the market, they bring a fraction of their 1987 high prices. However, the dated coins from the mid-1990's are hard to find, as the mintage figures were then much lower than during their heyday. Demand from China itself is starting to expand, which may become a significant factor in the future, both for current and past issues. In the meantime, the gold Panda series continues to roll along.
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