2017 30g Gold Chinese Panda
2017 Gold Panda
Minted by The China Gold Coin Corp, the 2017 Gold Panda will contain 30g of fine gold as opposed to the usual weight of 31.103 grams. This changed from the usual one troy ounce in 2016.
This year, this annually changing coin has the Hall of Prayer for Abundant Harvests in the Temple of Heaven in Beijing encircled by ‘People’s Republic of China’ in Chinese on one side, and a single panda holding a bamboo branch on the reverse.
To determine which mint each coin was minted at, the manufacturing mint should be inscribed in the plastic seal around the edge of the coin.
There are several mints that produce these coins and these include Shenzhen, Shanghai, Beijing and Shenyang – all falling under the umbrella of the People’s Bank of China.
The face value of this coin is 500 Yuan.
Coin History and Mintage
The Chinese Gold Panda was first issued in 1982 by the People’s Republic of China.
It is one of the few bullion coins that changes its design annually, although in 2001 a freeze was announced and this lead to the 2001 and 2002 coins having the same design.
Due to customer protestation, this decision was reversed in 2003 and a new design is issued every year.
The coin always features at least one panda in its natural surroundings on one side and the Temple of Heaven in Beijing, on the other.
The Giant Panda
The Giant Panda is a bear native to south central China.
It is instantly recognisable with its black patches around its eyes, ears and over its body.
The diet of the giant panda is 99% bamboo, but they have been known to eat other grasses and meat in the wild. In captivity, their diet would include honey, eggs, oranges and bananas along with food prepared for them.
Our Expert Opinion
A world-renowned coin which enjoys huge status in Asia and a strong collectors coin appeal in the West. With a new design every year, the Gold Panda proves extremely popular in the UK for those wishing to own at least one of each issue. The Panda imagery is always appealing and the coins never disappoint with their detailed depictions.
As an investment, the coin is a less obvious choice. While prices will rise with the gold price, and perhaps enjoy further upside due to their everchanging design, the gram based weight sometimes adds confusion for investors wishing to own a 1oz coin.
Certainly if you intend to build a significant gold coin portfolio with the intention of capital appreciation and profit, then we’d combine this coin with UK tax free coins to achieve a tax efficiency for any profits raised. The obvious choice would be Britannias as a 1oz option, or the vast array of Gold Sovereign coins if you prefer variety and additional divisibility.
|Categories:||Foreign Gold Coins, Other coins, Bullion Coins, Gold Coins, Gold Bullion Coins, Tax-Free Gold Coins, Bullion coins, Gold Feed Price|
|Tag:||Gold Chinese Panda|
|Pure Gold Content (g)||30|
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