Monday, October 02, 2006

The Market for Modern Chinese Panda Coins

China began issuing the gold Panda coin series in 1982. Silver Pandas were minted beginning in 1983. These coins were very popular due to thier beauty and bullion purity, and many were used for jewelry.

Mintages for the early dates were very low, but until recently, prices did not reflect the rarity of these attractive coins. However, withing the last year, the price of the 1st year issue coins has tripled.

Factors driving demand for Pandas
  • the bull market in coins and precious metals
  • in 2006 China legalized the ownership of gold by chinese citizens
  • growing middle and upper class of 300 million people now have the financial means to buy gold and silver

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