China Panda 1/4 oz
Tavex is pleased to offer the Chinese Gold Panda, the most popular gold bullion coin from the People’s Republic of China. Introduced in 1983 as legal tender by the Chinese Central Bank, it is the first gold bullion coin to vary the design of its main motif each year, an aspect highly prized by collectors which has contributed to giving the coin a considerable collector’s premium in the secondary market. Containing a gold fineness of 99.9%, the Chinese Gold Panda coin exhibits a graceful portrait of a gentle and serene panda bear, a Chinese national symbol and one of the world’s rarest animals.
Made with a unique engraving method, the Chinese Gold Panda coin diffracts bright and darker shades of gold, an exceptional aesthetic representation of the panda bear’s black patches and white fur. These artistic features, coupled with the coin’s high quality, have contributed to making the Chinese Gold Panda coin one of the four most sought after investment-grade gold bullion coins in the world. For those who are keen on acquiring Chinese Gold Pandas as an investment, Tavex, as an official distributer for Europe, is able to offer market leading quotes for any desired quantity of this significant gold bullion coin.
- Chinese Gold Panda coins track the price of gold. The value of the Chinese Gold Panda coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
- Chinese Gold Panda coins are money. Deemed legal tender by the Chinese Central Bank, the Gold Panda coin is the only bullion product to be exempt from Value Added Tax inside mainland China.
- Chinese Gold Panda coins have considerable upside potential. Sought after by collectors because of their limited annual mintage and varying design, Chinese Gold Pandas fetch considerable premiums in the secondary market.
- Chinese Gold Panda coins are internationally recognised. Being the only legal tender gold bullion coins in the world to portray a Panda Bear, an endemic animal to China, assures investor recognition worldwide.
- Chinese Gold Panda coins are 24 carat of pure gold. In many ways it is more exciting to hold a Chinese Panda in your hands than an alloyed gold coin. Unlike alloyed gold, pure 24 carat gold has a lustrous gold colour and being of higher density it also has a better heft or “feel” to it.
- Chinese Gold Panda coins are the equivalent of savings. Chinese Gold Pandas come in different weights, making them an ideal choice for any type of long-term investor who appreciates the security and stability of owning physical legal tender gold coins.
- Chinese Gold Panda coins are excellent portfolio diversifiers. Gold’s low correlation with other financial assets makes the Chinese Gold Pandas serve as a portfolio hedge against market risk.
The price and premium of Chinese Gold Panda coins
Compared to American Eagles, Austrian Philharmonics, Canadian Maple Leafs, and other well-known legal tender gold bullion coins that have been minted from their inception in unlimited quantities, Chinese Gold Pandas have an annual limited edition, although subject to change. This, coupled with the changing panda bear motif, has contributed to making older dated issues fetch a considerable collector’s premium in the secondary market. However, the liberalisation of the Chinese precious metals market, coupled with the rising popularity of the panda coin among Chinese investors, has led to a substantial increase in demand for these coins in recent years. In 2014, as a response to heightened demand, the Chinese Central Bank increased the annual mintage limit of the most popular 1 ounce weight to one million pieces per year, the highest ever. While the larger supply has somewhat dampened the coin’s premium in the secondary market, this could prove to be a perfect window of opportunity for longer-term investors given the potential upside these coins carry.
The future value and premium appreciation of Chinese Gold Panda coins are supported by several conclusive facts, the first and most obvious being that they are China’s only legal tender gold coinage. It should also be considered that there are 1.35 billion Chinese and the current mintage limit of one ounce Gold Panda coins is set at 1 million pieces per year, while the United States has a population of 320 million and is currently minting on average 850,000 pieces of the one ounce American Gold Eagle coin per year. Secondly, the legislation that allowed free market pricing of gold and that enabled Chinese citizens to invest and trade in the metal has only been around for a little more than a decade, leaving further room for gold’s popularity in China to grow. The third reason concerns the distribution of Chinese Gold Pandas inside mainland China which has until recently been under direct state control, meaning that only government affiliated institutions could sell these coins, resulting in a highly ineffective and illiquid market. This has now changed and bullion dealers and financial institutions are able to facilitate the trade of these coins. Fourthly, the Chinese government is making a concerted effort to promote gold ownership, something you will not see in western countries. The fifth striking fact is that China is now the world’s biggest gold consumer, with demand set to increase further in the coming years, which will further promote the liquidity and transparency of the Chinese gold market and this will directly benefit Gold Panda coins. Lastly, Chinese Gold Panda coins are currently the only physical gold products that are exempt from Value Added Tax in China, a privilege granted in 2012. With the Chinese gold market set to grow further, it is highly likely that much of this demand will be directed towards Chinese Gold Panda coins, a direct result of their favourable tax treatment.
Chinese Gold Pandas marked the beginning of the country’s bullion market liberalisation
Contrary to most major western economies, China never used gold but rather silver as the primary anchor for its monetary system. The monetary system based on silver served the country for several centuries, but the onset of the Great Depression in conjunction with the rise of communism in the 1930s led the authorities to abandon it in favour of a pure paper standard. To support the new fiat system, legislation was introduced stipulating that circulating monetary silver had to be turned over to the authorities in exchange for the new paper currency. In spite of the new harsh rules, commercial trade of silver and ownership of jewellery and antiques made out of gold was still allowed, albeit only for a short period. In the late 1930s, the outbreak of the Sino-Japanese War and the rivalry between the Communist and Chinese establishment forced the authorities to proclaim a ban on precious metals ownership in any shape or form.
This ban would be in place for five long decades before the Chinese Government made an economic and philosophical turnaround regarding its domestic bullion market with the introduction of the Chinese Gold and Silver Panda coins in 1982 and 1983 respectively. From these years onwards, the Chinese authorities would slowly begin to loosen the restrictions that had been put in place since the 1930s. Besides being a symbol of the country’s liberalisation of the precious metals market and the economy itself, the Gold Panda coin also marked the subtle beginning of a long-term plan to make gold bullion, for the first time in the country’s modern history, the foundation of China’s new monetary system.
The Chinese Panda Bear
The decision to use the iconic panda bear as the coin’s main motif has played a major part in the successful promotion of Chinese Gold Panda coins. The panda bear is an animal endemic to central China and is characterised by the black patches around its eyes and ears. In spite of its charming and peaceful nature and its status as a Chinese national symbol, panda bears are unfortunately very rare animal. Due to deforestation and commercial farming, large parts of the panda bears’ natural habitat have been destroyed and thus the population of pandas living in the wild has dwindled by some estimates to only 2000 individuals. In the past decade, extensive conservation efforts have been made by the Chinese Government to stem the declining panda bear population. Although still an endangered species, the conservation efforts are believed to be working as scientific surveys show that the population of wild pandas has started to recover.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|0.00 mm||999||7.78365 g||7.77586g||0.25|
The Chinese Gold Panda was first introduced in 1982 and has since been in continuous production. Chinese Gold Panda coins have been manufactured at three different locations:
*Shanghai Mint 1982-2004
*Shenyang Mint 1985-1999, 2003-2004
*Shenzhen Guobao Mint 1999-2002, 2005 onwards
The Shenzhen Guabao Mint is a subsidiary of the People’s Bank of China (China’s Central Bank).
The obverse portrays the Temple of Heaven, a UNESCO world heritage site that consists of a complex of religious buildings located in the central parts of Beijing. Above the Temple of Heaven is a text in Chinese that means “People’s Republic of China” and inscribed at the bottom is the year of mintage.
The reverse depicts a sitting panda holding a branch, with a bamboo forest in the background. The face value of 500 Yuan is on the right of the panda bear. The weight “1oz” and the gold content marked “Au .999” are inscribed at the bottom.
The Chinese Gold Panda coin is made of 99.9% fine gold. The Chinese Gold Panda coin weighs exactly one troy ounce (31.1 grams).
Your order is fully insured and delivered by the xxxxx. The package is usually shipped the same day or the next working day after we receive your payment. Your order will arrive at the local post office the day after. If you wish, you can also personally pick up your order in our store the same day we receive your payment. In cases where we are unable to send your order right away, we will always inform you about the time delay.