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.
Although most collectors and investors would buy the entire sets of the Chinese mints, most go for the one ounce sizes only. The smaller sizes do sell but are geared towards a different purpose altogether. Most become parts in jewelry pieces.
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.
Should one be interested, there are many sites on the internet that do offer these for sale and selling practices do differ. Some will sell by pure gold content with no regard to what date will appear on the items you buy. Others will sell you by specific date that you want. The latter practice is mostly for collectors who want the rare date mints or the ones in demand, as seen in the 1982 series ones that fetched up to 3000 dollars per unit at any one time.
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.
Although most collectors and investors would buy the entire sets of the Chinese mints, most go for the one ounce sizes only. The smaller sizes do sell but are geared towards a different purpose altogether. Most become parts in jewelry pieces.
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.
Should one be interested, there are many sites on the internet that do offer these for sale and selling practices do differ. Some will sell by pure gold content with no regard to what date will appear on the items you buy. Others will sell you by specific date that you want. The latter practice is mostly for collectors who want the rare date mints or the ones in demand, as seen in the 1982 series ones that fetched up to 3000 dollars per unit at any one time.
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.
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