Chinese Silver Panda
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The Chinese Silver Panda () is a series of
silver bullion coins Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
issued by the
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
. The design of the panda is changed every year and minted in different sizes and denominations, ranging from 0.5 troy oz. to 1 kilogram. Starting in 2016, Pandas switched to metric sizes. The 1
troy Troy ( el, Τροία and Latin: Troia, Hittite: 𒋫𒊒𒄿𒊭 ''Truwiša'') or Ilion ( el, Ίλιον and Latin: Ilium, Hittite: 𒃾𒇻𒊭 ''Wiluša'') was an ancient city located at Hisarlik in present-day Turkey, south-west of Ç ...
ounce coin was reduced to 30 grams, while the 5 troy ounce coin was reduced to 150 grams. There is also a Gold Panda series issued featuring the same designs as the Silver Panda coins.


History

The first Silver Panda coins—issued 10 yuan Panda bullion in 1983, 1984, and 1985—were proof quality, with a precious metal content of 27 grams of 0.900 fine silver and a diameter of 38.6 mm. Mintages were only 10,000 for each year. No Silver Pandas were issued in 1986. The 1987 Silver Panda coins were minted in proof quality from 1 troy oz. of sterling (.925 fine) silver, with a diameter of 40 mm. There are several
mints A mint or breath mint is a food item often consumed as an after-meal refreshment or before business and social engagements to improve breath odor. Mints are commonly believed to soothe the stomach given their association with natural byproducts ...
that produced Silver Panda coins over the years, including:
Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
, Shenyang, and
Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
. Unlike coins made by US and German mints that carry mintmarks to distinguish their origin, Chinese mints generally do not carry mintmarks. In certain years there are minor variations in the coin design—such as the size of the date, and temple that allows the originating mint to be determined. An example is 1996 where different mints produced coins with minor variations in the font size of the date on the obverse side of the coins. In 2015 the Gold and Silver Panda coins were not labeled with metal fineness and weight. This information returned in 2016 when the 1 troy ounce coin was replaced by the 30-gram coin (one troy ounce is approximately 31.1 grams). The official distributor in China for the Silver and Gold Panda coins is the China Gold Coin Incorporation (CGCI). As of 2020, the highest-priced coin is a perfect 1983 proof panda worth $16,430. The highest-priced, non-proof coin is a perfect large-date 1991 panda worth $3,100.


Specifications


Thinckness

Taking the 1-ounce silver coin as an example, the authentic coin has a thickness of only about 2.6 millimeters, while the thickness of the counterfeit coin exceeds 3 millimeters. If they are of the same thickness, the counterfeit coin will not weigh 31.1 grams.


Design

The center of the obverse is a depiction of The Hall of Prayer for Good Harvests located in the
Temple of Heaven The Temple of Heaven () is a complex of imperial religious buildings situated in the southeastern part of central Beijing. The complex was visited by the Emperors of the Ming and Qing dynasties for annual ceremonies of prayer to Heaven for ...
complex in
Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
. The Hall was built between 1406 and 1420. Chinese characters on top say "", meaning the People's Republic of China and the bottom the year of issue. If the issue is a commemorative issue, the theme will be marked here also. The reverse shows portraits of the giant panda that changes every year (except for 2001 and 2002, which share the same design).


Minting history

There are many varieties of types of coins issued: # Bulk Uncirculated # Proof # Gilding (either side or both) # Colored (only obverse side known) #
Privy mark A privy mark was originally a small mark or differentiation in the design of a coin for the purpose of identifying the mint, moneyer, some other aspect of the coin's origin, or to prevent counterfeiting. One of the first instances of a privy mark ...
ed for a commemorative issue # Extra wording of a special event. For example, where the coins will be sold, such as a coin show or to commemorate an event or place.


See also

* Bullion *
Bullion coin Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
*
Inflation hedge An inflation hedge is an investment intended to protect the investor against (hedge) a decrease in the purchasing power of money (inflation). There is no investment known to be a successful hedge in all inflationary environments, just as there is n ...
* Silver as an investment


References

; General * ''2020 Standard Catalog of World Coins - 1901–2000'', 47th Edition, publication date 2019, Krause Publications, * ''2020 Standard Catalog of World Coins - 2001–Date'', 14th Edition, publication date 2019, Krause Publications, ;Specific {{reflist


External links


Website
of the China Gold Coin Corporation, the official distributor of the Chinese panda coins in China. Giant pandas Bullion coins of China Silver bullion coins