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30g Chinese Panda 2024 Gold Coin

In Stock
Tavex is proud to present the 2024 30g Chinese Panda Gold Coin. Minted by the prestigious Chinese Mint ... read more
We sell We buy Spread
£1,659.36
£1,518.73 8.47%
All photos are used for illustration purposes only and may not be an exact representation of particular product.

Introduction

Tavex is proud to present the 2024 30g Chinese Panda Gold Coin. Minted by the prestigious Chinese Mint this coin stands as a shining example of purity, quality, and artistic brilliance. The Chinese Mint, with its storied history, is renowned for seamlessly intertwining tradition with innovation, earning its well-deserved status as one of the world's premier mints. This 30g Chinese Panda coin is made with unparalleled craftsmanship and boasts impressive value potential.

This gold bullion coin features the captivating design of a delicate yet powerful depiction of pandas amidst bamboo. The intricate details showcase the Mint's commitment to combining artistry with bullion excellence, making this coin a true gem, and a valuable coin to consider.

Crafted from 99.9% pure gold and with a limited mintage, this 2024 gold coin emerges as a highly coveted choice for discerning purchasers when considering their purchase decisions in the bullion market. Its scarcity enhances its allure, making it a sought-after and an exclusive addition to portfolios. Choose wisely and secure your future with the 2024 Chinese Panda 30g Gold Coin – where purity, prestige, and value converge.

Why Buy

  • The 30g Chinese Panda 2024 Gold Coins offer considerable potential for appreciation in wealth, making them an attractive option to preserve and grow value.
  • The 30g Chinese Panda 2024 Gold Coins are always sought after by collectors due to limited annual mintage and varying designs, contributing to substantial premiums in the secondary market.
  • The 30g Chinese Panda 2024 Gold Coin is composed of 99.9% pure gold, offering a distinctive and visually appealing gold coin.
  • The use of pure 24-karat gold in the 30g Chinese Panda 2024 Gold Coin provides a lustrous gold color and a superior heft, creating a unique and satisfying experience.
  • The 30g Chinese Panda 2024 Gold Coin, is considered a secure and stable form of savings, making them an ideal choice for value preservation and growth.
  • The low correlation of gold with other financial assets positions gold as an excellent portfolio diversifier, serving as a hedge against traditional market risks.
  • The coin's exquisite design, featuring pandas against a bamboo backdrop, adds aesthetic appeal to the 30g Chinese Panda 2024 Gold Coin.

Buying gold items means low risks and maintaining wealth

Gold's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    £1,659.36
  • Buyback price
    £1,518.73
  • Your risk now
    £140.63

Fact: gold price in GBP has risen 106.59% in the last 10 years. The lowest price was 672.86 GBP/oz and the highest 1,712.23 GBP/oz. Current world market price is 1,607.34 GBP/oz

The price and premium of Chinese Gold Panda coins

Compared to American Eagles, Austrian Philharmonics, Canadian Maple Leafs, and other well-known legal tender gold bullion coins that have been minted from their inception in unlimited quantities, Chinese Gold Pandas have an annual limited edition, although subject to change. This, coupled with the changing panda bear motif, has contributed to making older dated issues fetch a considerable collector’s premium in the secondary market. In 2014, as a response to heightened demand, the Chinese Central Bank increased the annual mintage limit of the most popular 1 ounce weight to one million pieces per year, the highest ever. While the larger supply has somewhat dampened the premium on the 2014 Panda coins in the secondary market, this could prove to be a perfect window of opportunity for longer-term investors given the potential upside these coins carry.

The future value and premium appreciation of Chinese Gold Panda coins are supported by several conclusive facts, the first and most obvious being that they are China’s only legal tender gold coinage. It should also be considered that there are 1.35 billion Chinese and the current mintage limit of one ounce Gold Panda coins is set at 1 million pieces per year, while the United States has a population of 320 million and is currently minting on average 850,000 pieces of the one ounce American Gold Eagle coin per year. Secondly, the legislation that allowed free market pricing of gold and that enabled Chinese citizens to invest and trade in the metal has only been around for a little more than a decade, leaving further room for gold’s popularity in China to grow. The third reason concerns the distribution of Chinese Gold Pandas inside mainland China which has until recently been under direct state control, meaning that only government affiliated institutions could sell these coins, resulting in a highly ineffective and illiquid market. This has now changed and bullion dealers and financial institutions are able to facilitate the trade of these coins. Fourthly, the Chinese government is making a concerted effort to promote gold ownership, something you will not see in western countries. Lastly, China is now the world’s biggest gold consumer, with demand set to increase further in the coming years, which will further promote the liquidity and transparency of the Chinese gold market and this will directly benefit Gold Panda coins.

In 2016 a new era for Panda coins began - the usual investment gold weight system of Troy ounces was replaced by metric system of grams at the request of Chinese internal market. The face values of the coins stayed the same. So currently the coins are issued in 5 sizes: 30 g, 15 g, 8 g, 3 g, and 1 gram. Although the 2015 Panda coins are measured in ounces, they bear no weight nor gold content inscription probably due to the transition to new system.

Chinese Gold Pandas marked the beginning of the country’s bullion market liberalisation

Contrary to most major western economies, China never used gold but rather silver as the primary anchor for its monetary system. The monetary system based on silver served the country for several centuries, but the onset of the Great Depression in conjunction with the rise of communism in the 1930s led the authorities to abandon it in favour of a pure paper standard. To support the new fiat system, legislation was introduced which stipulated that circulating monetary silver had to be turned over to the authorities in exchange for the new paper currency. In spite of the new harsh rules, commercial trade of silver and ownership of jewellery and antiques made out of gold was still allowed, albeit only for a short period. In the late 1930s, the outbreak of the Sino-Japanese War and the rivalry between the Communist and Chinese establishment forced the authorities to proclaim a ban on precious metals ownership in any shape or form.

This ban would be in place for five long decades before the Chinese Government made an economic and philosophical turnaround regarding its domestic bullion market with the introduction of the Chinese Gold and Silver Panda coins in 1982 and 1983 respectively. From these years onwards, the Chinese authorities would slowly begin to loosen the restrictions that had been put in place since the 1930s. Besides being a symbol of the country’s liberalisation of the precious metals market and the economy itself, the Gold Panda coin also marked the subtle beginning of a long-term plan to make gold bullion, for the first time in the country’s modern history, the foundation of China’s new monetary system.

The Chinese Panda Bear

The decision to use the iconic panda bear as the coin’s main motif has played a major part in the successful promotion of Chinese Gold Panda coins. The panda bear is an animal endemic to central China and is characterised by the black patches around its eyes and ears. In spite of its charming and peaceful nature and its status as a Chinese national symbol, panda bears are unfortunately very rare animal. Due to deforestation and commercial farming, large parts of the panda bears’ natural habitat have been destroyed and thus the population of pandas living in the wild has dwindled by some estimates to only 2000 individuals. In the past decade, extensive conservation efforts have been made by the Chinese Government to stem the declining panda bear population. Although still an endangered species, the conservation efforts are believed to be working as scientific surveys show that the population of wild pandas has started to recover. 

Chinese Panda Manufacturer

The Chinese Gold Panda was first introduced in 1982 and Silver Panda in 1983, both have since been in continuous production, with the exception of 1986 when no silver Pandas were issued. Chinese Panda coins have been manufactured at three different locations: 

 

*Shanghai Mint 1982-2004 

*Shenyang Mint 1985-1999, 2003-2004 

*Shenzhen Guobao Mint 1999-2002, 2005 onwards 

 

The Shenzhen Guabao Mint is a subsidiary of the People’s Bank of China (China’s Central Bank).

Product weight in grams
30.03
Gold weight in grams
30
Fineness
999
Gold weight in troy ounces
0.96452
Diameter (mm)
32
Thickness
-
Face value description
500 yuan
Manufacturer
China

Obverse

The obverse portrays the Temple of Heaven, a UNESCO world heritage site that consists of a complex of religious buildings located in the central parts of Beijing. Above the Temple of Heaven is a text in Chinese that means “People’s Republic of China” and inscribed at the bottom is the year of mintage.

Reverse

The reverse design of the Chinese Panda 2024 gold coin features a parent panda with their cub, seated on its hind leg, gazing at each other.

Packaging

The Chinese Panda 2024 Gold Coin is packaged in a transparent Coin Capsule. Tavex can also offer decorative boxes for every coin available.

We understand the importance of ensuring that you receive your order in a safe and secure manner. That’s why each order goes through additional quality control, is carefully packaged in a protective box and discreetly labeled to guarantee the protection of your privacy. Additionally, we take extra steps for your peace of mind – every shipment is fully insured, so you don’t have to worry when ordering products online.

We are committed to providing you with the best possible service and experience, and we believe that one important aspect of the process is a safe and secure shipment process. If there are any issues with your shipment, such as damage or loss, please don’t hesitate to reach out to us. Our dedicated customer support team is always available to help by phone 020 4541 4145 or tavex@tavexbullion.co.uk, and we will do everything in our power to sort out any problems and get your order to you in a timely and efficient manner.

After we dispatch your parcel, we will provide you with a tracking number so that you can track its progress and see exactly where it is at all times. This way, you can stay informed about the status of your order and know exactly when to expect it to arrive. Transparency is key to a great customer experience, and we are always here to help with any questions or concerns you may have.

Each order is discreetly packed and fully insured, so you can safely order products online – additionally, after dispatch, we will provide you with the package number, so you will be able to track its entire route.

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