Why You Should Invest In Chinese Gold Coins
China history with gold currency can be traced back to 3000 years back. The introduction of gold panda coin (word most renowned coins) in 1982 marked the official introduction of Chinese gold coins which are minted to date. Each subsequent series is very fascinating drawing demand from coin collectors, investors and jewelry dealers too.
Chinese gold coins are much sought after item by investors, coin collectors and even jewelry dealers. It is not surprising they are always in an appreciation path. This is largely attributed to the fact that the spot price is always higher than the bullion melt value even at the time of production. They are also minted in limited quantities keeping demand high above supply.
On the obverse, the famous Temple of Heaven is the main depiction with minimal changes since the first minting. The ones minting as a commemorative events have the event being commemorated in addition to the main depiction on the obverse. This is accompanied by the year on which the coin is released. Zhonghua Renmin Gongheguo which is Chinese word for the Peoples Republic of China is also encrypted on the face of the coin.
Although there are several companies that deals in minting, the actual release and control is done by China Gold Coin Incorporation (CGCI). In the United States of America, they are distributed by Panda America.
Many collectors admit that it is perhaps the adorable images of panda on the reverse that make them this attractive. What is more intriguing is the fact that it has been made tradition to alternate this panda depiction with every other series that comes every other year. Other than that of 2001 and 2002 that were similar, all other series are unique. The reverse also displays the coin denomination, its size and the fineness of bullion used.
As confirmed by auction records and official mintage statistics, the coin has always been minted in quantities way below the demand, which helps keep demand high. In the jewelry industry they are won as necklaces with other firms even melting them to make pure jewels. Coin collectors on the other hands keep them for their monumental value using dates as the desired method of collection.
Investors are perhaps the reason behind their scarcity. The fact that they are always trading at a price above their melt value in addition to high demand from the jewelry industry and collectors, they find ready market both domestically and internationally. China uses them as a legal tender in addition to items store of wealth with Panda America being the sole distributor in America.
Chinese gold coins have proven over and over again as the better investment alternative attracting large pool of investors and collectors all over the globe. The unique panda depiction, limited mintage quantity and over 99.90% fineness are the contributing factors that escalates their demand.
Chinese gold coins are much sought after item by investors, coin collectors and even jewelry dealers. It is not surprising they are always in an appreciation path. This is largely attributed to the fact that the spot price is always higher than the bullion melt value even at the time of production. They are also minted in limited quantities keeping demand high above supply.
On the obverse, the famous Temple of Heaven is the main depiction with minimal changes since the first minting. The ones minting as a commemorative events have the event being commemorated in addition to the main depiction on the obverse. This is accompanied by the year on which the coin is released. Zhonghua Renmin Gongheguo which is Chinese word for the Peoples Republic of China is also encrypted on the face of the coin.
Although there are several companies that deals in minting, the actual release and control is done by China Gold Coin Incorporation (CGCI). In the United States of America, they are distributed by Panda America.
Many collectors admit that it is perhaps the adorable images of panda on the reverse that make them this attractive. What is more intriguing is the fact that it has been made tradition to alternate this panda depiction with every other series that comes every other year. Other than that of 2001 and 2002 that were similar, all other series are unique. The reverse also displays the coin denomination, its size and the fineness of bullion used.
As confirmed by auction records and official mintage statistics, the coin has always been minted in quantities way below the demand, which helps keep demand high. In the jewelry industry they are won as necklaces with other firms even melting them to make pure jewels. Coin collectors on the other hands keep them for their monumental value using dates as the desired method of collection.
Investors are perhaps the reason behind their scarcity. The fact that they are always trading at a price above their melt value in addition to high demand from the jewelry industry and collectors, they find ready market both domestically and internationally. China uses them as a legal tender in addition to items store of wealth with Panda America being the sole distributor in America.
Chinese gold coins have proven over and over again as the better investment alternative attracting large pool of investors and collectors all over the globe. The unique panda depiction, limited mintage quantity and over 99.90% fineness are the contributing factors that escalates their demand.
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