![]() ![]() The reverse side of the coin features a pig lying on the ground beside her children. This coin appears only once every 12 years, and the design portrays the personality traits of people born in the Year of the Pig. Lastly, the black and white coloring of the animal is thought to represent yin and yang, which embodies the balance between harmony and peace.Ĭhinese pig coin is the sixth design in the lunar series and is the final sign of the Chinese Zodiac. In addition to symbolizing the strength of a warrior, pandas also represent peace due to their naturally gentle nature. ![]() Many Chinese people believe that pandas are like warriors because they are able to climb trees, find food and survive in extreme climates. Lastly, the Chinese Panda is among the most popular bullion coins worldwide, which also include the American Eagle, Canadian Maple Leaf, Australian Koala, and Austrian Philharmonic.Pandas are a symbol of Chinese society and are important to Chinese culture. Panda coins are legal tender in China, have a 99.99% purity, and comes in a variety of sizes. Since their design is changing every year, Panda coins are coveted by both investors and collectors. Their low mintages put these precious metal coins in high demand, both in China and in the rest of the world. As mentioned above, Panda coins normally have a higher market price than comparable bullion coins. Ready To InvestĬhinese Panda coins are a great choice to diversify your portfolio and protect yourself from inflation, economical turmoil. Since forgeries have been appearing in recent years, make sure to purchase Chinese Panda coins from authorized coin dealers only. In general, it is advisable to purchase a gold or silver Panda coin in its current year, as they are likely closest to the gold or silver spot price. However, CGCI has been increasing their mintage figures since 2011. Chinese Panda coins typically have a higher premium than other bullion coins due to their low mintage numbers and yearly changing designs. CGCI is responsible for coin development, design, mintage and distribution.Īs any bullion coin, Chinese Panda coins are bought and sold based on the current spot price of gold or silver, in addition to a premium covering minting, handling, distributing and marketing costs. CGCI is tasked with the issuance of Chinese bullion and commemorative coins and the assessment of national reserves of precious metals. Panda Coins are issued by CGCI or China Gold Coin Incorporation, which was established in 1987 and supervised by the People’s Bank of China. These special administrative regions use the Hong Kong dollar and the Macanese pataca, respectively. While the renminbi has been the official currency of the People’s Republic of China ever since, it is not legal tender in Hong Kong and Macau. After the Communist Party of China took control of most of China, its People’s Bank of China introduced the renminbi (“People’s Currency”) in 1949. Paper money started to circulate in the 9th century, but didn’t become widespread until the introduction of the yuan in the late 19th century. After the first Chinese Emperor united China in 221 BC, round coins with a square hole became the dominant form of monetary exchange. ![]() These coins had either a round or a square hole. The first round coins began circulating during the Zhou period (starting around 350 BC) when both spade and knife money was the common. The first coinage used in pre-imperial China (770-220 BC) came in form of tortoise shells, cowrie shells, gold, knives, spades, as well as coins. Ancient Chinese coins are some of the earliest known coins in the world. Chinese coins have a long and rich history. ![]()
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