Economic powers and countries usually do something extraordinary to further showcase their strength and prestige. Either they make huge monuments in praise of their heroes or national achievements or they mint gold bullion or coins as commemorative pieces and as backup to their own national treasuries. This is the case for the so called Chinese gold coins or panda mint editions that are currently becoming popular.
First to hit the gold bullion coin market in terms of popularity was the Krugerrand. The Krugerrand, though not the first of its kind, was the first national coin to be minted with a weight of one ounce in 1967. Later on these coins were also minted in smaller sizes of half, one fourth and one tenth ounces. The panda coin of China, is also a coin that is minted in one ounce sizes.
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.
In terms of aesthetics, the coin can be seen as not one of beauty at all. Like their views on Krugerrand, most collectors would probably say that it is quite a dull design. On the obverse side there is an etch of the Temple of Heaven in Beijing, and on the reverse side there is a panda design. The minting of these every year means that the reverse side designs are changed every year, and thus adds to the likability or the attractiveness of the coin.
The most popular sizes for investors and collectors are the one ounce sizes. The smaller sizes are more popular with artisans like jewelry smiths and designers. Most of the smaller coinages end up as pendants, earrings or even charms.
Most pundits of the panda Chinese gold coin will say that its low premium over gold content is comparable to that of the popular Krugerrand. However there are also others who would beg to differ. Whatever the real case is in which is the better buy, everyone is entitled to their own opinion in the end, especially when it comes to decisions on whether or buy or not, or to invest or not.
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.
Before buying or getting involved in investment and collecting of Chinese gold coins, you should do your homework first. Learn what to look for in certain coins such as how man serrations, distinctive marks and all the physical attributes. Also do extra background checks on potential sellers, so as to protect yourself from criminal elements and scams.
First to hit the gold bullion coin market in terms of popularity was the Krugerrand. The Krugerrand, though not the first of its kind, was the first national coin to be minted with a weight of one ounce in 1967. Later on these coins were also minted in smaller sizes of half, one fourth and one tenth ounces. The panda coin of China, is also a coin that is minted in one ounce sizes.
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.
In terms of aesthetics, the coin can be seen as not one of beauty at all. Like their views on Krugerrand, most collectors would probably say that it is quite a dull design. On the obverse side there is an etch of the Temple of Heaven in Beijing, and on the reverse side there is a panda design. The minting of these every year means that the reverse side designs are changed every year, and thus adds to the likability or the attractiveness of the coin.
The most popular sizes for investors and collectors are the one ounce sizes. The smaller sizes are more popular with artisans like jewelry smiths and designers. Most of the smaller coinages end up as pendants, earrings or even charms.
Most pundits of the panda Chinese gold coin will say that its low premium over gold content is comparable to that of the popular Krugerrand. However there are also others who would beg to differ. Whatever the real case is in which is the better buy, everyone is entitled to their own opinion in the end, especially when it comes to decisions on whether or buy or not, or to invest or not.
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.
Before buying or getting involved in investment and collecting of Chinese gold coins, you should do your homework first. Learn what to look for in certain coins such as how man serrations, distinctive marks and all the physical attributes. Also do extra background checks on potential sellers, so as to protect yourself from criminal elements and scams.
About the Author:
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