Last Updated on March 9, 2023 by Ben
Chinese Silver Panda
The Chinese Silver Panda is part of the most well liked coins in the world. Unlike any other coin, Chinese Silver Pandas are only made by China, and they have been produced every year since 1983. The Chinese government has a strict limit on how many Chinese Silver Pandas can be minted every year. This makes them even more priceless for collectors all over the globe!
While giant pandas may only live in China’s southwestern forests, it hasn’t stopped the world from coming to like these endearing black and white bears. The Chinese Silver Panda coins are always heavily sought after both domestically in China as well as in other parts of Asia, but recently this popularity has expanded globally with many people seeking them out.
Chinese Silver Panda History and Background
It all started in 1983 when the Chinese Shenzhen Guobao Mint produced its most beloved coin series ever, the China Silver Panda. From there, these coins managed to become more and more popular until they captured the hearts of many silver coin investors across the world.
These coins honor a treasured natural resource of China that is beloved by the whole world in its famous black and white bear. The Chinese Silver Panda coins are famous for their unique drawings and high-quality minting. They were the first series to alter designs every year on one side of the coin.
The China Banknote Printing and Minting Corporation is the modern-day Chinese mint. It has grown into a notable maker of commemorative coins in the arena of international precious metals. They do not have a reputation for making many different coins every year.
The Chinese Silver Panda commemorative coins are one of the best known in the world. These sovereign issues also brag a history that is as good or better than more widely followed American and Canadian bullion coins.
Chinese Silver Panda Physical Characteristics
Up until 2015, all Silver Pandas were stamped with the weight and purity of .999 fine silver. This stamping has made these coins so popular because they are constantly changing designs every year. With each order, you can count on the coins coming in brilliant uncirculated condition and sealed for protection. If they are larger orders, then they come arranged in sheets of thirty as well. The mint also provides monster boxes containing 600 with 20 sheets inside holding 30 coins each!
The front of the coins are called the obverse. The Chinese Silver Panda has a beautiful design that features one side featuring what is known as “The Temple of Heaven.” It also contains all sorts of detail, such as the inscription “People’s Republic China” on it. Starting with the 2015 year coins and going forward, they no longer feature any ounce or notation for weight. All the coins are being weighed using a metric system but make no mention.
The reverse side of the coins always has an image of the Panda Bear. The design changes from one year to the next, showcasing different images for each time period, such as a panda holding bamboo in 2014. The face value is what appears below the image on coins. In 2015, the design for one of the Chinese Silver Pandas was changed to one Panda Bear chewing on bamboo.
The Silver Panda coins were created by China in 1989. They are minted in both bullion and proof versions, with six different weights: 1/4 ounce, 1/2 ounce, one oz., 5ozs., 12ozs., and a kilo version available to buy for the collectors out there.
- Mass: 31.1 grams
- Thickness: 7.59 mm
- Diameter: 40 mm
- Content: 99.9% silver
Can IRA Accounts Contain Chinese Silver Pandas?
The IRS is the only one who can decide if a coin series or issue can be held by a precious metals IRA.
Setting up a self-directed precious metals IRA account requires at least $5,000 of IRS-approved metal in order to start investing. Minimal purchases may be as small as $1,000.
Maintaining tangible silver in retirement accounts can provide unique portfolio diversification. Silver prices are often disconnected from those of both stocks and bonds, which can make them a good hedge against traditional investment declines. Some people invest in silver because it is a valuable metal that is cheaper than gold, platinum, and palladium.
The IRS doesn’t want to approve bullion coins for IRAs unless they are of a certain purity level and not considered too popular. The Chinese Silver Pandas meet the purity requirement of .999 fine silver-the government’s requirement. In the past, these coins have been deemed more collectible than bullion coins by the IRS. On this account, they haven’t successfully been approved for IRAs.
In the past, people thought that their prices were too high. A new kind of coin came out in 2016. It’s approved to be put into an IRA account. However, since the majority of Chinese Silver Pandas are not pure silver, it is better to avoid them altogether with your precious metals IRA. China’s Panda coins are still excellent investment choices for those who favor collectible bullion coins; they can be purchased from many coin dealers in a variety of countries.
Chinese Silver Panda Pricing
Pandas are at a premium, though, depending on demand and supply.
These face values represent that the coins can be used as legal tender in any place in the People’s Republic of China. The truth is that no one used these coins at face value. The value of the coins is significantly higher than the relatively minor face value implies.
This is because the face value of the coins doesn’t have much to do with their real worth. Chinese Silver Panda coins are worth money, and that is based on how many people want them and how many there are. The majority of their value comes because of the price that silver is worth. Silver prices fluctuate throughout the week. This can have an effect on the coins’ market value through daily fluctuations as well.
Silver prices have increased over time, but so has the value of these precious metals. The price is going to continue increasing as long as there’s demand for it and supply remains low. There are many factors that can affect silver prices, such as economic fluctuations or geopolitical events like Brexit in 2016. If you’re looking to hedge against inflation with a commodity investment, then this may be an excellent choice for your portfolio.