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Total Price Each
|1 - 9||$45.79||$435.47|
|10 - 39||$41.89||$431.57|
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Investing in gold is considered a safe way of preserving the value of money or making some extra money in the long run. The value of gold over the past few years has been consistently strong, so much so that it is now more valuable than the much rarer platinum and palladium.
If you’re to become a gold investor, it’s important to understand that there are different levels that you can enter at. If you have less money to invest, you might want to stick to bullion coins and smaller bars. If you’re looking to make bigger profits then you should probably look at large gold bars or even ingots.
Whichever the case may be, gold is probably the most important precious metal you can add to your investment portfolio. It’s very easy to trade and always in high demand.
But, can the 8 gram gold Chinese coin make a difference in your financial security or is it just a pretty collectible with Chinese symbolism? Check out what makes this coin special and how come it has such a rich history even though it has only been in circulation for about three decades.
This 8 gram gold Chinese coin is also known as the 8 gram Chinese Gold Panda. This coin has a diameter of 22 mm and a thickness of 1.5 mm. This puts it right in the middle in terms of size between the 1 Gram Gold Panda Coin and the 30 g coin.
It’s now minted at the Shenzhen Guobao Mint along with all the other Gold Panda bullion coins, which has been the case since 2005.
Each year sees a different panda portrait on the reverse of the coin, with the exception of those minted in 2001 and 2002 which happen to share the same design. Also on the reverse you can see the denomination which in this case happens to be 100 yuan.
This coin features a massive panda hugging a tree log. In the background you can observe what seems to be a bamboo forest which is fitting with the Asian motif.
The obverse of the coin depicts the Temple of Heaven. The top inscription in Chinese characters means ‘People’s Republic of China’ and the bottom inscription indicates the mintage year.
Ever since the first coin was struck in 1982, the obverse of the coin featured the same image of the Temple of Heaven, and that is the only constant about the coin’s design.
The Temple of Heaven illustration depicts the Hall of Prayer for Good Harvests, one of the most important historical buildings of the land as it dates back to 1420 and the Ming dynasty.
It’s also worth mentioning that up until 2016 these coins were measured in troy ounces. Starting with 2016 the metric system became the standard. This means that the current 8 gram gold Chinese coin is roughly the equivalent of the old 1/4 troy ounce coin.
The 1/4 troy ounce coin had a face value of 100 yuan, the same as the 8 gram coin. However, weight conversion shows that the 1/4 troy ounce Gold Panda has a total weight of just 7.7758 grams.
Since 2001 this Gold Panda Coin has maintained the 100 yuan face value. But it’s interesting that in the previous 18 years its face value was just 25 yuan.
Although the 8 gram gold Chinese coin is a very beautiful coin that warrants a spot in any serious collection, its popularity in the United States doesn’t come close to that of Gold American Eagle.
That being said, the number 8 has a special significance in Chinese culture as its pronunciation is associated with luck and good fortune. Because of this lucky coin mystique, the 8 gram gold Chinese coin flies off the shelves pretty quickly.
Another interesting significance is actually the country of origin. Because it is believed that coins originated and evolved in China, any Chinese Gold Panda coin could be viewed as a commemorative piece to currency itself.
Chinese mints have churned out over 15 million Gold Panda bullion coins. However, since 2001 the coins are no longer minted according to demand. An annual mintage limit has been imposed since 2001, presumably to prop up the value.
Because of this, there are only 600,000 8 gram gold Chinese coin in existence; this doesn’t quite make them rare. The rarest Chinese Gold Panda is the ones minted in 1998. Only 94,040 of them are in existence.
Almost equally rare and valued by collectors are the 1 g Gold Panda Chinese coins which were only minted in 1991. Another interesting alternative is the 2015 Gold Panda Coin which left the denomination off the reverse of the coin.
However, the most important coin from a collector’s standpoint is probably the one minted in 1979 which is a commemorative piece designed to honor the 30th anniversary of the People’s Republic of China.
Given the size and purity of the 8 gram gold Chinese coin, it’s not a bad idea to start investing in gold by purchasing it in bulk. The coin has a rather small premium, so it should be more than enough if you’re looking for a long-term investment opportunity.
Of course, as you gather more capital you’ll eventually need to switch to gold bars for ease of storage and higher profit per trade.
The 8 gram gold Chinese coin has a special place among Chinese Gold Panda coins. It has an affordable premium for starting investors and features a new design on the reverse of the coin each year.
Given the fact that it’s closely associated with luck and good fortune, the 8 gram gold Chinese coin is also a sought-after collectible piece. What’s even better is that there are around 600,000 coins minted each year, so there’s enough of them to go around which means that the price will always be fair.
|Mint Facility:||Chinese Mint|
|Quality / Type:||Bullion, Uncirculated|
|Purity:||.999 pure Gold|
|Metal Weight:||8 grams (.2572 troy ozs)|
|Diameter:||22 mm (.866")|
|Obverse:||Giant Panda on Limb|
|Reverse:||Beijing's Temple of Heaven|
We are buying this item back daily, and we pay you promptly!
Our current buy pricing is $381.89 each and we will buy up to 10 ounces at this price. Simply call us on any weekday to lock pricing at 1-800-800-1865.
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