In 1982, the People's Republic of China introduced the Chinese Gold Panda bullion coins, they minted the coins in proof quality, which gave them a mirror-like finish.
The Chinese Gold Panda bullion coin has had some changes since its first year of production.
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Changes to the Reverse Inscriptions - Weight & Purity
Design / Photos / Coin Information
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The Chinese Gold Panda bullion coin is a series of gold bullion coins introduced, in 1982, by the People's Republic of China.
The Gold Panda bullion coins were introduced in the following sizes:
The coins are produced with a purity of .999 gold. (ozt. = troy ounce)
In 1983, the 1/20th oz. Chinese Gold bullion coin was added to the series.
The gold panda bullion coins are issued in Proof-like quality with a different panda design each year.
In 2001, the Chinese government decided to stop changing the design every year and thus the 2001 and 2002 Gold Pandas are identical. (see photos in mintage section below)
However, after opposition to the change was voiced by bullion investors and collectors, China quickly changed their policy in 2003 and reverted back to their original policy of a new panda image every year.
Since the Chinese Government started producing the Gold Panda Bullion coin they had always inscribed, on the reverse side, the coin's weight in troy ounces - 1/10oz., metal content - Au, and purity - .999.
In 2015, the reverse inscriptions on the gold and silver panda bullion coins were changed, so much so, that the weight, content and purity of the coin were removed completely. (See photo)
The removal of the inscribed weight, content and purity on the coin put some bullion investors on edge because it made it easier for counterfeiters to reproduce the coin.
However in late 2014, it was rumored that in 2015 the Chinese were going to change the coins weight from ounces to grams and that the removal of the coin's weight, content and purity inscriptions was in preparation for this change.
The coin's weight did not change in 2015, but it was believed that the Chinese would make the change soon.
As expected, in 2016, the Chinese Gold Coin Corporation changed the weight of the all their bullion coins from troy ounces to grams.
The 1/10th oz. Gold Panda bullion coin was changed to the '3gram' Gold Panda.
One tenth of a troy ounce is equal to 3.11 grams and as you will read in the short excerpt below the convergence from ounces to grams makes it easier for those who commonly use the metric system to buy and or trade the bullion coins.
The following excerpt, taken from a CHNGC article, is about the change from troy ounces to grams...(a translator will be needed if you click the "a CHNGC article" link)
"This version of Panda coins weighing unit all from "ounce" to "G", can be described as a very bold attempt, after all, "ounces" is the common international gold unit of measurement for broader, better integration the global market, "g" changes to foreign investment Jicang's recognition of the fact there are unknown risks"
"But for Chinese people, especially for the non-specialist collection of Chinese people, the order "g" instead of "ounce" is undoubtedly applaud favor."
"Ounce" in the eyes of the Chinese people is a very obscure word, such as 1/3 oz, 1/10 oz 1/20 ounce gold coin actually has multiple, if the value of the market price of gold and silver to calculate what is How much, these people seem very vague, even if the final figure out the relationship between ounces and grams, must have been some complex conversion and calculations in order to obtain results."
It is often said that the Chinese Gold Coin Corporation, the Chinese Government entity that produces all of the country's bullion coins, likes to fulfill the requests of customers, the weight change for the Panda Bullion Coins is an example of this.
Located in the center of the obverse side of the 1/10 oz. Gold Panda bullion coin is the Hall of Prayer of Good Harvest located in Beijing, China.
The hall is also known as the Temple of Heaven.
The Chinese characters inscribed at the top of the gold bullion coin reads "Zhonghua Renmin Gongheguo" which means "People's Republic of China."
At the bottom of the obverse side of the gold bullion coin features the coin's year of issue.
To learn more about the Temple of Heaven, click here.
Each year, the reverse side of the Gold Panda, 1/10oz. bullion coin features a new image of the Chinese Panda.
Inscribed above the pandas on the gold bullion coin is the coin's face value of "50 Yuan."
On the pre-2015 1/10th oz. Chinese Gold Panda bullion coins, the coin's weight, content (Au) and purity (.999) were inscribed along the bottom of the coin.
The Edge on the Gold Bullion Coin is Reeded.
Face Value:.......50 Yuan
Gold Content......1/10th ozt.
Purity:............99.90% / .9990
Total Weight:...................3.11 grams
Although, in 2015, the inscription of the coin's size and weight were removed, the bullion coin was minted in the same weight and size as the 2014 gold panda bullion coin.
The only change made to the obverse side of the 3 gram Chinese Gold Panda is the Year of Issue.
Displayed in the center of the gold bullion coin is the Hall of Prayer of Good Harvests of the Temple of Heaven, located in Beijing, China.
The Chinese characters located at the top of the coin reads "People's Republic of China"
The year of issue is inscribed along the bottom of the gold bullion coin.
The edge of the bullion coin is Reeded.
The reverse side of the 3 gram Chinese Gold bullion coin shows a Giant Chinese Panda climbing a large branch.
The face value of the 3 gram gold bullion coin of "50 Yuan" is located under the panda.
Inscribed along the bottom of the bullion coin is the coin's weight of "3g" (3gram) , content "Au" (gold) and purity of ".999".
Gold Content:.......3 grams (.0964 troy oz)
Face Value:.........50 Yuan
Purity:...........99.90% / .9990
For the last four years, the Chinese Gold Coin Corporation minted a maximum of 800,000, 1/10th oz. gold panda bullion coins.
In 2016, for the new 3 gram gold bullion coin, they reduced the maximum mintage to 600,000.
The reduction in mintage may drive up the premium on these coins in future years.
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