Chinese Gold Coins And Their Associated Value
Like other countries, China also minted Chinese gold coins over the years, in fact centuries in order to reveal how wealthy and powerful the nation the Chinese nation is. Nowadays, most of them are just issued as bullion but previously, people were fascinated by them and often felt proud to reveal their gold treasures. It was quite a common phenomena to have sacred treasures like these.
Firstly, gold coins of this sort were used for the purpose of trade in Mediterranean region. Later, they were considered as money commodity and no longer treated as a form of treasure. China played its part as well and minted these precious coins in order to mesmerise other nations with its wealth.
Among other European and Asian varieties, Chinese coins were regarded as the ones that were circulated the most all across Europe and Asia. Almost all the gold that was discovered at that time was being cast into coins. It continued like this till First World War but after that, the whole process of minting gold just finished suddenly.
Every nation has given a different name to their coins like the British people used to call them gold sovereigns, Americans gave them the name Eagles and China called them Yuan Ying. They called it Yuan because this word's literal meaning is money and then Ying because it is Chu's capital city and Chu is the state where first Chinese coin was minted.
After the First World War such precious metal was no longer used for minting money. Till this day, coins are issued but they are regarded as bullion not money like before. Some of them hold intrinsic value while others are considered as just ordinary. It all depends on what sort of metal is used to make them and whether the precious metal is in its pure form or not.
Since 1982, the most well known coin issued by Chinese powers is regarded as Panda coin. As the name proposes, each and every one of them has a picture of panda engraved on them. Each year, another outline is presented however the picture of panda remains steady. It was just in the year 1997 when an elective picture was utilized and that coin was named as Good Fortune Coin.
The history behind the issuance of them is just fascinating because each variety has its own value and story behind its issuance. You should remain careful whilst purchasing them because there are bullion as well as old varieties available out there to purchase, but some of the old ones do not have any monetary value so its not worth spending huge amount of money for them unless you are a collector.
If you are new to buying Chinese gold coins then you must remain extra careful because it can get extremely confusing to decide which variety to buy and which should be avoided. It is always advisable to visit an authentic gold dealer who can guide you precisely and help you in making a successful purchase in this regards.
Firstly, gold coins of this sort were used for the purpose of trade in Mediterranean region. Later, they were considered as money commodity and no longer treated as a form of treasure. China played its part as well and minted these precious coins in order to mesmerise other nations with its wealth.
Among other European and Asian varieties, Chinese coins were regarded as the ones that were circulated the most all across Europe and Asia. Almost all the gold that was discovered at that time was being cast into coins. It continued like this till First World War but after that, the whole process of minting gold just finished suddenly.
Every nation has given a different name to their coins like the British people used to call them gold sovereigns, Americans gave them the name Eagles and China called them Yuan Ying. They called it Yuan because this word's literal meaning is money and then Ying because it is Chu's capital city and Chu is the state where first Chinese coin was minted.
After the First World War such precious metal was no longer used for minting money. Till this day, coins are issued but they are regarded as bullion not money like before. Some of them hold intrinsic value while others are considered as just ordinary. It all depends on what sort of metal is used to make them and whether the precious metal is in its pure form or not.
Since 1982, the most well known coin issued by Chinese powers is regarded as Panda coin. As the name proposes, each and every one of them has a picture of panda engraved on them. Each year, another outline is presented however the picture of panda remains steady. It was just in the year 1997 when an elective picture was utilized and that coin was named as Good Fortune Coin.
The history behind the issuance of them is just fascinating because each variety has its own value and story behind its issuance. You should remain careful whilst purchasing them because there are bullion as well as old varieties available out there to purchase, but some of the old ones do not have any monetary value so its not worth spending huge amount of money for them unless you are a collector.
If you are new to buying Chinese gold coins then you must remain extra careful because it can get extremely confusing to decide which variety to buy and which should be avoided. It is always advisable to visit an authentic gold dealer who can guide you precisely and help you in making a successful purchase in this regards.
