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.
The obverse of this coin normally has a depiction of the famous Temple of Heaven with a commemorative event for the ones minted for commemorative purpose. The official name of China worded as (Zhonghua Renmin Gongheguo) meaning the Peoples Republic of China and the year of release are also encrypted on the face.
Although there are several companies that deals in minting, the actual release and control is done by China Gold Coin Incorporation (CGCI). In the United States of America, they are distributed by Panda America.
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.
This leaves investors a laughing lot as they always face a large market for the currency. It gains value so rapidly. The spot price has always been way above the melt value, outshining other international bullion currencies. The idea of minimal minting has ensured that each of the series maintains high demand level in the market. This is further enforced by tight control by CGCI.
Investors are perhaps the reason behind their scarcity. The fact that they are always trading at a price above their melt value in addition to high demand from the jewelry industry and collectors, they find ready market both domestically and internationally. China uses them as a legal tender in addition to items store of wealth with Panda America being the sole distributor in America.
Chinese gold coins have proven over and over again as the better investment alternative attracting large pool of investors and collectors all over the globe. The unique panda depiction, limited mintage quantity and over 99.90% fineness are the contributing factors that escalates their demand.
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.
The obverse of this coin normally has a depiction of the famous Temple of Heaven with a commemorative event for the ones minted for commemorative purpose. The official name of China worded as (Zhonghua Renmin Gongheguo) meaning the Peoples Republic of China and the year of release are also encrypted on the face.
Although there are several companies that deals in minting, the actual release and control is done by China Gold Coin Incorporation (CGCI). In the United States of America, they are distributed by Panda America.
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.
This leaves investors a laughing lot as they always face a large market for the currency. It gains value so rapidly. The spot price has always been way above the melt value, outshining other international bullion currencies. The idea of minimal minting has ensured that each of the series maintains high demand level in the market. This is further enforced by tight control by CGCI.
Investors are perhaps the reason behind their scarcity. The fact that they are always trading at a price above their melt value in addition to high demand from the jewelry industry and collectors, they find ready market both domestically and internationally. China uses them as a legal tender in addition to items store of wealth with Panda America being the sole distributor in America.
Chinese gold coins have proven over and over again as the better investment alternative attracting large pool of investors and collectors all over the globe. The unique panda depiction, limited mintage quantity and over 99.90% fineness are the contributing factors that escalates their demand.
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