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The mintage of gold and silver bullion coins is usually very large,
and the trade of bullion coin is one of
important ways for investment. Gold and silver coins of this kind
are
usually BU in quality, cost-effective and with low premium. Often,
it has
5 sizes-1 ounce, 1/2 ounce, 1/4 ounce, 1/10 ounce, 1/20 ounce, which
allows the customer easier to buy and sell. Thus, the trading volume
is
extremely high. In 1981, the People's Bank of China decided to try
out
the bullion coin production. Chinese national treasure---the giant
panda
was selected as the main figure on the reverse. Although there is
no
nominal value marked on the panda coins of 1982 edition, it bears
specification and inscription in the way of Krugerrand gold coin
of South Africa does, which makes it quite
acceptable internationally. The issuance of bullion panda gold coin
recieved immediate welcome in
international market. With the annual increase of sales volume,
panda gold coin has already become the
leading product of CGCI. Since 1982, the People's Bank of China
issued panda gold coin annually with
different panda design on the reverse every year. Every panda was
vividly depicted and charmingly naive,
some eating bamboo, some climbing trees, some playing by oneself,
or playing in couples. The yearly
changing of designs of panda bulllion coin makes the coins even
more charming in art and thus their
values in secondary market increased. New items of panda bullion
coin enriched panda family in 1997, i.e.
gold-plated silver panda coin and colored panda silver coin. In
1991, 5 kilogram gold panda coin was
issued to mark the 10th anniversary of issurance of Chinese Panda
Coin. It is the first of its kind in the
history of modern minting. The coins have become one of the most
valued ones in the world. Chinese
Panda Gold and Silver Coin Series has become the No.1 family among
all the series. There are several
"first" of the issurance of Panda Coin Series in the history
of Chinese modern gold and silver coins. In
terms of mintage, 1/20 ounce gold panda coin 1998 tops the list
with 470,000 pieces, and the 5 kilo gold
panda coin becomes the rarest coin with only 10 pieces in mintage.
As for silver coin, 1 oz. panda silver
coin 2001 top the list with half a million pieces in mintage. Significant
policy changing has been made on
distribution of panda gold coin Bu. 2001. There will be no annual
changing of design except the year date
since 2001. The adoption of oblige edge improves the anti-fake ability
of the coin. Unit retails prices of
different sizes of the coins have been announced publicly. And promise
has been made of purchasing back
of panda gold bullion coins. In this way, the function of investment
for the panda gold coin Bu. can be truly
realized.
Inherited the cream of Chinese tradition plastic arts, our Chinese
coin making specialists make use of the
advanced skills and the dioptric sculptural skill, the problem of
how to express the black and white color of
panda's hairon the coin made of single-color precious metal was
solved to make the panda image appear
vividly on the coin. China Panda Gold and Silver Coins are the only
one that is both for investment and for
commemoration in the international commemorative precious metal
coins and medals market. As the
image and posture of panda on the coins issued every year are different,
a charming gold coin series is
formed. The China Panda Gold and Silver Coins became popular for
its unique subject, creative design
and sculptural craftsmanship, standard purity and complete specifications.
The coin series has become a
treasure people eager to purchase and, what's more, the world-famous
coin of coins. Today, China Panda
Gold and Silver Coins have become a key product among modern Chinese
Commemorative Gold and
Silver Coins and medals. Not only the design and minting craftsmanship
has ranked among the best of the
world after steady improvement, the sales volume also ranked third
of the same kind in the world, and
materials used for minting are varied so the coins have enjoyed
great prestige worldwide. The China
Panda Gold and Silver Coins (1983) won respectively the Annual World
Best Gold Coin and the World Best
Silver Coin; and in 1985, the China Panda Gold Coin Series won the
Golden Cup in the Chinese National
Arts and Crafts Hundred Flowers Competition.
Since it's first issue in 1982, Panda coins has a total issuance
of 220 oz., annual sales volume reached
120,000 oz. In the 12 years between 1988 and 2000, panda coins enjoyed
a sales volume of 1,060,000 oz.
In international market, and 170,000 oz. In domestic market. Compared
with previous years, 2001 panda
coins has a great adjustment in exposure of information, distributing
policy, price set, anti-counterfeit. The
concrete procedures are:
1. PBC released the announcement of issue panda coins including
the mintage and specifications for the
first time. According to the Regulations of the People's Republic
of China Governing the Renminbi, the
People's Bank of China released issuance announcement of 2001 panda
coins in Jan. 18th 2001, and start
the issuance domestically and abroad in secession. The 2001 panda
coins include 170,000 oz. Domestic
version and 80,000 oz. overseas version.
2. Panda coins were minted respectively as overseas version and
domestic version for the first time.
Because of the tax difference between China and foreign countries,
the prices of panda coins are different
domestically and abroad. To protect profits of domestic collectors,
2001 panda coins are minted with
different price. This is an interim policy, panda coins will be
issued in an unified version after the elimination
of differences in gold price and tax between China and foreign countries.
3. Fixed Panda Image£ºAccording to the international
practice, panda coins as one of the five biggest
investment coins will be minted with the same panda image since
2001, and only the issuing year on the
coins will be changed annually.
4. Make a public announcement about the domestic unified retail
price. The price is fixed base on the
national gold price with a low premium, and fully take into account
the profits of collectors.
5. According to the international practice, issuance institutions
promise to retrieve 2001 domestic panda
coins under policy allowable conditions, truly realize investing
function and cash function of commemorative
coins. Once China open the gold market, the national gold price
will be equal to the international gold price,
and issuance institutions will publish the selling price and retrieve
price of panda coins in appointed
commercial banks or distributing establishments to fulfill the retrieve.
6. Enhanced anti-counterfeit and distinguish function: (1) 2001
domestic panda coins were minted with
oblique toothed edge, and this is the first time of Chinese commemorative
coins minted with this technique;
(2) 2001 domestic version panda coins were minted with a "D"
( D for domestic ) on the reverse.
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