Panda Gold Coin

More than 15 million Chinese Panda gold coins have been circulating on all continents since 1982, the year they were first issued. They are commercialised around the world by the China Gold Coin Incorporation (CGCI), an entity created in 1987 entirely dependent on the People’s Bank of China. The CGCI also designs the gold Pandas.

The Chinese Panda has International Ambitions

Along with Canada, the United States, Austria, South Africa and Great Britain, China is part of the few countries minting and commercialising investment gold and silver coins. In nearly 30 years, the former Middle Kingdom has even become a leader in that sector. No less than 1,700 different coins have been issued during that period in China. The Chinese are famous for their know-how and are able to put to use their numerous precious metals refineries and mints.

As the Chinese economy has become the second in the world in terms of gross domestic product (GDP), gold Pandas have been conquering all the continents as well. The People’s Bank of China, through the CGCI, has put together a distribution structure with many ramifications internationally. This network, however, is only available for customers of certain countries who can thus purchase the coins they desire without setting foot out of their country. This is the case, in Asia, for customers from South Korea, Singapore, Japan, and, of course, China. In Europe, Germans and Estonians can purchase gold Pandas directly in their own country. On the American continent, only the United States has a distributor agreed by the People’s Bank of China.

For information, the Chinese market has about a hundred distributors spread across more than 40 cities. Since 2010, certain banks are also allowed to sell gold Pandas.

The Chinese gold coins have a new design each year. On the reverse of the coins, different pandas appear. This is to attract collectors as well as investors. In 2012, it was a mother panda sitting with her cub. The next year, it was three pandas quenching their thirst. In 2014, it was a panda playing with a tree branch. Since 1982, there have been over 30 different drawings on the Chinese investment gold coins.

Between 1982 and 2000, there were no limits to the quantity of Pandas being minted, as long as there was demand. This absence of restriction ceased starting in2001. Thus the number of 1oz coins issued in 2013 didn’t surpass 600,000, whereas there were 800 000 1/10oz and 1/20oz coins each. In 2014 there were 1,000,000 1oz coins struck, along with 600,000 1/2oz and 600,000 1/4oz coins. Moreover, the CGCI also produces gold bars weighing between 50 and 500 grams.

The Chinese authorities, of course, didn’t choose the panda innocently. Not only is the panda a national symbol of China, but this gentle, sympathetic animal is also an endangered species. And this aspect is systematically brought forward by the Chinese promoters. The first year it was issued, in 1982, it was recognised by the American Numismatic Association (ANA) and named “coin of the year”. The more time passes, the more popular the gold Panda seems to get. The yellow metal keeps attracting new customers, especially in emerging countries, but also in developed countries. In times of crisis, gold is a safe haven that protects from the financial turmoil of the stock markets.

Between 1982 and 2000, there were no limits to the quantity of Pandas being minted, as long as there was demand. This absence of restriction ceased starting in2001. Thus the number of 1oz coins issued in 2013 didn’t surpass 600,000, whereas there were 800 000 1/10oz and 1/20oz coins each. In 2014 there were 1,000,000 1oz coins struck, along with 600,000 1/2oz and 600,000 1/4oz coins. Moreover, the CGCI also produces gold bars weighing between 50 and 500 grams.

Obverse: The front the Temple of Heaven in Beijing encircled by “People’s Republic of China” in Chinese
Reverse: Some Pandas
Weight: 30 gr
Fine weight: 0.9645 troy oz
Fineness: 999.9/1,000
Diameter: 32mm
Thickness: 2.7mm
Legal Tender Value: 500 yuan
Minted since: 1979
Pandas are struck with 24-carat gold. They have an extremely high degree of purity and are very fragile, so they should be kept in a safe.
Minted since 1979

Prices from broker

There are five sizes available on the market: 1/10oz, with a face value of 50 Yuan, 1/20oz, 1/4oz, 1/2oz and 1oz, with face values of 20, 100, 200 and 500 Yuan.

Panda Gold Coin
Reverse of Panda Gold COin