The Chinese Panda coin program shares many similarities with other popular sovereign coin programs around the globe. It is minted by the sovereign mint of China, overseen by the People’s Bank of China, and produced on an annual basis without fail. Like some other facilities, the Chinese Mint adopts a new panda-themed design each year. As of 2016, the Chinese Panda will have another factor setting it apart from the competition. Today, the 2016 1 Gram Gold Chinese Panda coin is available on Silver.com.
More and more often investors are buying gold in grams to meet their needs because of its divisibility. The gold price can be divided by 31.1 grams to get price per gram.
- Mintage capped at 600,000 pieces in total for 2016!
- Features all-new weights for this year.
- Ships in original mint plastic.
- Consists of one gram, or .03215 troy ounces, of .999 fine gold.
- Bears a face value of ¥10 (Yuan) backed by the Chinese government.
- Features the latest Giant Panda design.
Gold Chinese Panda, and Silver Panda, coins will no longer be produced with weights measured in ounces. The Chinese Mint has decided to switch to grams for the measurement of all of its coins. Since the introduction of Gold Chinese Panda coins in 1982, the mint has produced 1 oz, ½ oz, ¼ oz, 1/10 oz, 1/20 oz, 5 oz, and 12 oz coins.
Going forward in 2016, the Gold Chinese Panda will be available in weights of 1, 3, 8, 15, and 30 grams. There will also be a Silver Chinese Panda coin struck in a 30 gram weight. The change is effective as of this production year.
On the obverse of the coin you’ll find the brand-new depiction of a giant panda. Similar to other recent designs, the background is framed by a bamboo wall. In the middle ground, an adult panda is shown climbing along the trunk of a fallen tree.
The reverse features the Temple of Heaven. Engravings on this side read “People’s Republic of China” in Chinese characters, as well as the year of issue for the coin.
Overseen by the People’s Bank of China, the Chinese Mint does not issue mint marks on its coins. While facilities are known to exist in Shenyang, Shanghai, and Beijing, it is not known specifically where a given Gold Chinese Panda coin is produced.
If you have any questions, please call Silver.com at 888-989-7223. You can also reach us online using our live chat and email features.