Coins might not be the first thing you think of when you think of China. However, the Chinese Chinese Silver Panda is one of the precious metals commemorative coins. While not known for producing a variety of coins annually, its primary collection is one of the most famous among investors and collectors alike. The Chinese Panda coin is a sovereign product with eagerly-anticipated yearly releases.
Want to learn more about this coin? Read on to find our about its history, the design and the value of the Chinese Silver Panda.
History of the Chinese Silver Panda
This coin is a series of silver bullion coins issued by the People’s Republic of China. The first silver panda coin was issued in 1983. As a result, several mints produced them including mints in Shanghai, Shenyang, and Shenzhen. Chinese mints generally do not carry mintmarks, like US minted coins do. The official distributor for these coins in China is the China Gold Coin Incorporation (CGCI). The 1 oz Silver Chinese Panda is popular for collectors for its yearly changing design.
The design of the panda is changed every year and minted in different sizes and denominations ranging from 0.5 troy ounces to 1 kilogram. So, on the obverse side of the coin is the Hall of Prayer for Abundant Harvests in the Temple of Heaven in Beijing. It is engraved with the words “People’s Republic of China” in Chinese closed off by the year of issue. The hall was built between 1406 and 1420. On the reverse side is a panda eating bamboo that changes every year.
Value of the silver panda
In 2020, the highest-priced proof coin was worth $16,430 with the highest-priced non-proof coin coming in at $3,100.
So, are you ready to get your silver panda? Bullion Express offers 1-ounce pandas for you today. Get yours now!