Some countries do many things to show off their economic might and prestige. Erecting huge monuments and public works that give the world something to marvel at and admire can be one way. Yet other countries go one step further by minting gold coins and bullion to really awe and inspire. This is what China has done in terms of their minting of Chinese gold coins or panda coins as they are known.
The Krugerrand rand started the craze in the trade and collection of gold coins and bullion when it was the first to be minted as a one ounce coin. This was done first in 1967 and the years that followed smaller ounce sizes were minted in one half, one fourth and one of a tenth ounce content denominations. The panda coin, like the first Krugerrand also comes in a one ounce size.
Unlike the Krugerrand, the uniqueness of the Chinese panda coin is that is minted in a group called families. It thus comes in a family of differing sizes but same design, from as small as one twentieth of an ounce all the way to the full one ounce size. This thus makes it particularly attractive for collectors to buy.
The panda coin, despite its achieved distinction next to the Krugerrand does not outdo the Krugerrand in beauty. Most think that the Krugerrand is already not so attractive compared to other coinage in the world, and these same people would also probably find the panda coin pretty much boring in terms of design. The front or obverse side contains an etching of the Temple of Heaven and other side has the distinct panda design which gives the coin its name. Each year China mints a coin with changes to the reverse but not the obverse side, thus giving the collectible characteristic to the coin.
Although most collectors and investors would buy the entire sets of the Chinese mints, most go for the one ounce sizes only. The smaller sizes do sell but are geared towards a different purpose altogether. Most become parts in jewelry pieces.
The one thing that collectors would say about the panda coin and its comparability to the Krugerrand in terms of attractiveness, is its price being relatively low compared to its actual gold content. Thus this makes it more attractive to have a panda coin. Other experts would beg to differ and would go against the Chinese coin pundits. Regardless of what the real case is, always be sure there is always an opinion for or against a certain investment or purchase.
If in the off chance that one is interested in buying these items, there are quite a few dealers to be found on the internet. Most will sell you coins by weight, meaning that they will sell you the coinage regardless of the mint date. Should you be more particular though, they may charge you a bit extra in giving you the exact date coinage you need, especially if you are a collector. It is interesting to note that at one time, 1982 series gold coins from China fetched up to 3,000 dollars per coin, from average prices of about 500 dollars per coin.
It is also best that you protect yourself from criminal activity and scams related to Chinese gold coins sales and investments. Be extra vigilant in doing background checks on those prospective sellers. Also train yourself also in knowing more history of what you are buying, as well as the ability to know distinct physical characteristics of the coinage that you buy like the number of serrations, special markings and other such characteristics.
The Krugerrand rand started the craze in the trade and collection of gold coins and bullion when it was the first to be minted as a one ounce coin. This was done first in 1967 and the years that followed smaller ounce sizes were minted in one half, one fourth and one of a tenth ounce content denominations. The panda coin, like the first Krugerrand also comes in a one ounce size.
Unlike the Krugerrand, the uniqueness of the Chinese panda coin is that is minted in a group called families. It thus comes in a family of differing sizes but same design, from as small as one twentieth of an ounce all the way to the full one ounce size. This thus makes it particularly attractive for collectors to buy.
The panda coin, despite its achieved distinction next to the Krugerrand does not outdo the Krugerrand in beauty. Most think that the Krugerrand is already not so attractive compared to other coinage in the world, and these same people would also probably find the panda coin pretty much boring in terms of design. The front or obverse side contains an etching of the Temple of Heaven and other side has the distinct panda design which gives the coin its name. Each year China mints a coin with changes to the reverse but not the obverse side, thus giving the collectible characteristic to the coin.
Although most collectors and investors would buy the entire sets of the Chinese mints, most go for the one ounce sizes only. The smaller sizes do sell but are geared towards a different purpose altogether. Most become parts in jewelry pieces.
The one thing that collectors would say about the panda coin and its comparability to the Krugerrand in terms of attractiveness, is its price being relatively low compared to its actual gold content. Thus this makes it more attractive to have a panda coin. Other experts would beg to differ and would go against the Chinese coin pundits. Regardless of what the real case is, always be sure there is always an opinion for or against a certain investment or purchase.
If in the off chance that one is interested in buying these items, there are quite a few dealers to be found on the internet. Most will sell you coins by weight, meaning that they will sell you the coinage regardless of the mint date. Should you be more particular though, they may charge you a bit extra in giving you the exact date coinage you need, especially if you are a collector. It is interesting to note that at one time, 1982 series gold coins from China fetched up to 3,000 dollars per coin, from average prices of about 500 dollars per coin.
It is also best that you protect yourself from criminal activity and scams related to Chinese gold coins sales and investments. Be extra vigilant in doing background checks on those prospective sellers. Also train yourself also in knowing more history of what you are buying, as well as the ability to know distinct physical characteristics of the coinage that you buy like the number of serrations, special markings and other such characteristics.
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