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 first globally available coins for investment and collection came in the form of a one ounce Krugerrand introduced in 1967. Though not the first of its kind, the Krugerrand was the first of its kind to be minted in one ounce sizes. However, this coin later on became minted in smaller sizes of one half down and one tenth ounce gold contents. The panda coin is also a coin that comes in the one ounce content category.
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 beauty, most collectors would probably say that this was not such a beautiful coin. Most that think the Krugerrand is unattractive would also think likewise regarding the panda coin. The obverse side of the coin contains a picture of the Beijing Temple of Heaven while the reverse side contains the panda design. Every year the reverse side design is changed and minted, and thus this adds to the further attractiveness of the coin for collectors.
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.
These coins also have a relatively low premium over gold content, meaning that they are priced only slightly higher than their content of the yellow mineral. However, most collectors would say that this is higher when compared to others. Whatever the case, one can be sure however that many opinions will exist in terms of certain types of investments.
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 important to note that you should do a lot of background work and research first before buying and collecting Chinese gold coins. Train yourself to look for certain physical aspects of the coins you have an interest in such as serration amount, other distinctive marks and features and the like. It would also do you a lot of good if you also do further background checks and reference traces on prospective dealers and sellers.
The first globally available coins for investment and collection came in the form of a one ounce Krugerrand introduced in 1967. Though not the first of its kind, the Krugerrand was the first of its kind to be minted in one ounce sizes. However, this coin later on became minted in smaller sizes of one half down and one tenth ounce gold contents. The panda coin is also a coin that comes in the one ounce content category.
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 beauty, most collectors would probably say that this was not such a beautiful coin. Most that think the Krugerrand is unattractive would also think likewise regarding the panda coin. The obverse side of the coin contains a picture of the Beijing Temple of Heaven while the reverse side contains the panda design. Every year the reverse side design is changed and minted, and thus this adds to the further attractiveness of the coin for collectors.
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.
These coins also have a relatively low premium over gold content, meaning that they are priced only slightly higher than their content of the yellow mineral. However, most collectors would say that this is higher when compared to others. Whatever the case, one can be sure however that many opinions will exist in terms of certain types of investments.
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 important to note that you should do a lot of background work and research first before buying and collecting Chinese gold coins. Train yourself to look for certain physical aspects of the coins you have an interest in such as serration amount, other distinctive marks and features and the like. It would also do you a lot of good if you also do further background checks and reference traces on prospective dealers and sellers.
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