The Chinese gold Panda coin features the panda design on the reverse and an image of the Taoist Temple of Heaven (a religious complex completed in 1420 under the Ming dynasty in Beijing) on the front.
A feature of the Panda gold coin that makes it especially alluring to collectors is that the design changes every year.
Unfortunately for collectors, the design was frozen by the Chinese government from 2001 to 2002, a decision that proved to be extremely unpopular and was therefore reversed the following year.
The People’s Bank of China, established in 1948 following the consolidation of three separate banks, supervises currency and coin production and distribution in China.
The China Gold Coin Incorporation, a division of The People’s Bank of China, is responsible for the nation’s precious metal commemorative coins.
The gold Panda coins are struck by several mints in China, including Beijing, Shenyang, Shanghai and Shenzhen.
Whilst most bullion coins carry mint marks that show where and when they were minted, Chinese coins won’t usually have them as Chinese mints don’t tend to use them.
Due to their limited mintage numbers, gold Panda coins are fairly rare and therefore a sought-after collectable item that can often be difficult to source.
Gold Pandas are legal tender in the People’s Republic of China and are currently issued in denominations of 500, 200, 100, 50 and 20 Yuan.
For the Chinese and for enthusiastic collectors, their value lies not only in the gold content and the quality of craftsmanship but in the design of the iconic Panda itself, which is an important symbol in Chinese culture and history.
In terms of their monetary value, the price you can expect to pay for a gold Panda will depend on the live price of gold at any given time.
Source: Gold Bullion
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