Chinese Gold Panda

Gold Panda
People's Republic of China
EdgeReeded
Composition99.9% fine gold (Au)
Years of minting1982–present
Obverse
DesignTemple of Heaven
Design date1982
Reverse
DesignDifferent illustrations of giant pandas.
Design dateYearly

The Chinese Gold Panda (simplified Chinese: 熊猫金币; traditional Chinese: 熊貓金幣; pinyin: xióng māo jīn bì) is a series of gold bullion coins issued by the People's Republic of China. The Official Mint of the People's Republic of China introduced the panda gold bullion coins in 1982.[1] The panda design changes every year (with a single exception) and the Gold Panda coins come in different sizes and denominations, ranging from 1⁄20 to 1 troy ounce (1.6 to 31.1 grams) (and larger ones as well).[2][3][4][5]

There is also a Silver Panda series issued with the same designs as the Gold Panda coins.

History

China issued its first gold coins picturing a panda design in 1982, in sizes of 1, 1⁄2, 1⁄4, and 1⁄10 ozt (31.1, 15.6, 7.8, and 3.1 g) of 99.9 fine gold. Beginning in 1983 another size was added – 1⁄20 ozt (1.6 g). Larger panda coins were issued in some years, weighing 5 and 12 ozt (160 and 370 g). These popular coins are issued in prooflike brilliant uncirculated quality with a different design each year. A freeze of the design was announced with the 2001 issues—and thus the 2002 pandas were identical to 2001. But collectors spoke up in behalf of annual changes, and China reverted to their original policy. There are several mints that produce these coins, including but not limited to: Beijing, Shanghai, Shenyang and Shenzhen. Unlike coins made by U.S. branch mints that carry mintmarks to identify their origin, Chinese mints usually do not employ them. In certain years there are minor variations—in the size of the date, style of the temple, etc.—in the coin design that allow the originating mint to be determined. Certain years are also designed by different designers. The design of the obverse changes less frequently than the design of the panda change. The official Chinese panda coins should not be confused with Chinese medals that also use a panda.

Description

Obverse: Depiction of the Temple of Heaven in the center with Chinese characters on top saying "Zhonghua Renmin Gongheguo" meaning People's Republic of China and the bottom the year of issue. If the issue is a commemorative issue, the theme will be marked here also.

Reverse: Different portraits of panda that changes every year (except for 2001 and 2002, which share the same design).

The official distributor for the Gold and Silver Panda coins in China is the China Gold Coin Corporation (CGCC); in the United States, Panda America has been an official distributor since 1982.

Denominations

The Gold Pandas are legal tender in the People's Republic of China and are currently issued in face value denominations of 500, 200, 100, 50 and 20 yuan;[6] from 1982 through 2000 they were issued in denominations of 100, 50, 25, and 10 yuan with the 5 yuan added in 1983. Through 2015, these corresponded with 1, 1⁄2, 1⁄4, and 1⁄10 ozt (31.1, 15.6, 7.8, and 3.1 g) of gold, respectively. An exception was 1991, when 1-gram Gold Pandas were minted, issued in the denomination of 3 yuan. 2015 was the only year that the Gold Panda did not have any denomination imprinted on the coin.

Face value (1982-2000) Face value (2001-2015) Nominal gold weight Fine weight Total weight Diameter Thickness
100 yuan 500 yuan 1 troy ounce 31.103 g 32.05 mm 2.70 mm
50 yuan 200 yuan 1/2 troy ounce 15.5515 g 27.00 mm 1.85 mm
25 yuan 100 yuan 1/4 troy ounce 7.7758 g 21.95 mm 1.53 mm
10 yuan 50 yuan 1/10 troy ounce 3.1103 g 17.95 mm 1.05 mm
5 yuan 20 yuan 1/20 troy ounce 1.5552 g 13.92 mm 0.83 mm

Revised weights

Starting in 2016, the weight system of troy ounces was replaced by the metric system of grams, the standard system of weights used in the People's Republic of China. This change may affect bullion buyers, who calculate their holdings in ounces, more than coin collectors who collect by denomination.[7]

Face value Nominal gold weight Fine weight Total weight Diameter Thickness
500 yuan 0.9645 troy ounce 30 g 32 mm 2.70 mm
200 yuan 0.4823 troy ounce 15 g 27 mm 1.85 mm
100 yuan 0.2572 troy ounce 8 g 22 mm 1.53 mm
50 yuan 0.0965 troy ounce 3 g 18 mm 1.05 mm
10 yuan 0.0322 troy ounce 1 g 10 mm 0.83 mm

See also

Additional reading

  • Krause, Chester L.; Clifford Mishler (2004). 2005 Standard Catalog of World Coins: 1901–Present (32nd ed.). Krause Publications. ISBN 0873497945.

References

  1. ^ Rossi, Tyler (19 January 2023). "A Brief History of the Chinese Gold Panda". Coin Week. Archived from the original on 28 May 2023. Retrieved 14 June 2023.
  2. ^ Hongyu, Wu Chengliang (25 October 2022). "China to issue 2023 panda commemorative coins". People's Daily. Archived from the original on 31 October 2022. Retrieved 14 June 2023.
  3. ^ Miller, James; Rodriguez, Sophia (23 May 2022). "What Are the Common Coin Types?". McGruff.com. Retrieved 14 June 2023.
  4. ^ Raymond, Angela (21 November 2016). "The History of the Chinese Gold Pand". Bellevue Rare Coins. Archived from the original on 9 February 2023. Retrieved 14 June 2023.
  5. ^ "2022版熊猫金币图案发布". Beijing Daily (in Chinese). 15 September 2021. Retrieved 14 June 2023.
  6. ^ "Gold Panda Bullion Coins" (PDF). Archived (PDF) from the original on 2016-10-11. Retrieved 2014-08-11.
  7. ^ Anthony, Peter (26 October 2015). "Chinese Panda Coins – A Weighty Decision". Coin Week. Archived from the original on 29 October 2016. Retrieved 10 July 2022.
  • Website of the China Gold Coin Corporation, official distributor of the Chinese panda coins in China.