Since 1983, the People’s Republic of China has been producing Chinese Silver Pandas in different sizes and denominations. But that’s not all. Rather than keep the same design throughout the program, these coins are struck with a different reverse image every year. When the Chinese Mint releases a new sovereign product with a never before seen panda motif, investors and collectors around the world flock to the coin.
Each Chinese Silver Panda is considered legal tender in the People’s Republic of China and features an image of a panda in its natural habitat on its reverse, along with Beijing’s Temple of Heaven on its obverse. While the Chinese Mint produces Chinese Silver Pandas on an annual basis, no coins were released in 1986.
Chinese Silver Panda Coins were originally introduced in 1983 as 1 oz. proof versions containing .900 pure silver, and the Chinese Mint kept it this way until 1985. No coins were minted in 1986, but the program did return in 1987 when the mint released Chinese Silver Pandas struck in .925 pure silver. From 1989, proof and bullion versions of the coin were issued in six different weights including:
However, in 2016, the Chinese Mint made the decision to strike Silver Panda Coins using the nation’s most-used metric system. As a result, all Chinese Silver Pandas are now struck with the weight and metal content displayed in grams as opposed to its previous troy ounce markings. Although Chinese Gold Pandas are still made in various weights, the Silver Panda is currently only available as a 30-gram coin.
By releasing Chinese Silver Pandas with unique detailing and finishes every now and then, the Chinese Mint sure knows what collectors and investors want. There have been various special issues of the coin over the years, and we’re going to discuss two of the world’s favorite pieces.
As previously mentioned, Chinese and international collectors eagerly anticipate the one-off Chinese Silver Panda Coin designs every year, making them extremely sought-after pieces. In fact, new versions of the coin sell out fast when issued, so you’ll need to be quick if you’re interested in collecting or investing in future Silver Panda releases.
It isn’t just the new versions of Chinese Silver Pandas that are popular though. All coins struck in ounce weights are extremely desirable since the Chinese Mint moved to gram weights in 2016. While some people scramble to get the latest release, others are desperate to get their hands on the earlier pieces. There’s no right or wrong way to collect or invest, especially as each unique design is considered a must-have item. You’ll also be pleased to learn that Chinese Silver Pandas are eligible for Individual Retirement Accounts (IRAs) as well.
Capital Gold Group is proud to be able to help you acquire one or more Chinese Silver Pandas to add to your portfolio or collection. Simply contact us today to place an order or for more information about the Chinese Mint’s most remarkable silver coins.