Silver Investment Coin Panda 30g 2016
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Detailed description
Chinese Panda
The Chinese silver investment Panda coins were first minted by the Chinese State Mint in 1983, 1984, 1985, weighing 27 g in proof quality, with a purity of 900/1000 and a mintage of only 10,000 pieces. After a one-year hiatus, China issued another coin in 1987. These coins were struck at 1 Oz (31.1g ) in 925/1000 proof quality with a mintage of only 31,000 pieces.
In 1989, China began minting coins from the purest 99.9% pure silver. Despite their higher price, they are popular with investors and a sought-after collector's item, primarily because of the annual reverse change. The only exceptions were the 2000 and 2001 vintages, where the reverse motif is identical. In 2015, the coins were struck for the first time without weight and fineness markings.
In 2016, China switched to the metric system instead of the previously used Anglo-American system of imperial weight units in troy ounces. The coin is being issued for the first time in history with a weight of 30 g (10 Yuan) and is again stamped with the weight and purity (.999).
The reverse side of the coin depicts a slightly different panda motif each year. The motif is complemented by the denomination, weight and purity (except in 2015).
As every year, the obverse of the coins traditionally shows a depiction of the Temple of Heaven in Beijing and the year of issue.
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