2017panda

By Gainesville Coins …….
 

Since the early 1980s, the People’s Republic of China has struck its own gold and silver bullion coins for international trade. In addition to their precious metal content, these coins are also prized collectibles due to their lower mintage figures compared to most government-issued bullion coins.

Now, the increased popularity and demand for Chinese Panda coins has caused the mint to raise its mintage limits on these products for 2017.

2017 Gold Panda

The standard size of the Chinese Gold Panda coin was adjusted recently. Unlike their counterparts around the world, which almost invariably weigh one troy ounce, the flagship Gold Panda is now 30 grams. Although this is slightly less than a troy ounce (31.1 grams), the People’s Bank of China preferred to use the metric system and arrived at a round number like 30. Nonetheless, the coins are still struck from .999 fine (99.9% pure) gold.

For 2017, the number of 30-gram Gold Pandas that will be minted is being increased from 600,000 to 700,000. Clearly the mint feels there is enough collector and investor demand to support an additional 100,000 coins.

In addition to the 30-gram version, the Gold Panda will also be issued in 1-gram, 3-gram, 8-gram, and 15-gram sizes. Each denomination will feature their own mintage limits as well as legal tender status. Special proof versions of the Gold Panda will also be minted–in far smaller numbers–in 2017.

Silver Panda Coins

The Gold Panda will, as usual, be accompanied by its silver sibling, the 2017 Chinese Silver Panda. Like its gold counterpart, the Silver Panda is minted to a standard size of 30 grams. The two coins share an annually updated reverse design that depicts a panda (or pandas) in their natural habitat.

Beyond the standard 30-gram Silver Panda, next year will also see 150-gram and 1-kilogram sizes of the silver coin. These will be limited to mintages of 60,000 and 20,000, respectively. A total of 10 million of the 2017 30-gram Silver Pandas will be produced. This continues the steady increase of the mintage limit for the silver bullion coin, speaking to its growing popularity around the world.

The new design for 2017 shows a panda eating bamboo while sitting in a comfortable position.

By raising the mintage limits of its bullion coins, China is providing even more evidence that gold and silver bullion coins remain in strong demand around the globe.

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The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.
 


Chinese Gold Panda Coins Currently Available on eBay

eBay
 Pic  Title  Details
2017 3 Gram Chinese Gold Panda 50 Yuan PCGS MS 69 First Strike Current Price: $153.0
# of Bids: 0
Ending: 24 days 15 hrs 57 mins
Chinese Panda Gold Coin 2002 50 999 au Current Price: $310.0
# of Bids: 16
Ending: 20 hrs 58 mins
2017 3 Gram Chinese Gold Panda 50 Yuan NGC MS 70 Early Releases Current Price: $177.64
# of Bids: 0
Ending: 16 days 16 hrs 3 mins
2 - 1984 Chinese Gold Panda 1/10 oz 10 Yuan Sealed Coin Current Price: $299.99
# of Bids: 1
Ending: 1 day 15 hrs 26 mins
Yr 2000 One Ounce Gold Chinese Panda 100 yuan (uncirculated) frosted rim Current Price: $1850.0
# of Bids: 5
Ending: 1 day 12 hrs 55 mins
2017 1 Gram Chinese Gold Panda 10 Yuan PCGS MS 69 First Strike Current Price: $68.26
# of Bids: 0
Ending: 23 days 13 hrs 41 mins
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2 COMMENTS

    • Very well. Don’t buy. More for those who know great coin investments have little to nothing to do with weight or purity. If you want to be a stubborn fool, so be it!

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