Chinese Gold Pandas - To Grade or Not to Grade

Very nice. The history about how this coin does not have a denomination on it, but China still considers it a coin seems very interesting to me.

 

Log in or Sign up to hide this ad.

Look at the first page I posted.. the Coin has a 100Yuan Value..maybe it is written in Chinese??

The 1983 it is shown on the bottom center of the coin

 

According to all sites there is apparently no denomination to this particular coin.

 

You could be right.. I see it on all other years...
The 1/20 th OZ was released in 1983 as well.

I just looked.. it is on every other coin..
Learn something new everyday!

That is what I like about Numismatics.


This is the source I did acquire all my Chinese Coins way back when..
http://www.pandaamerica.com/details.asp?item=558&grp=1&categ=1
RickieB

 

1982 was the first year of the gold panda issued by the China Mint. It is the only year without a denomination and comes only in 4 sizes. All other years have 5 sizes and have a denomination. It is considered a coin by the China Mint and not a medal.

Regarding pricing for a 69...I will say that this is one of the toughest years to obtain a 69 grade, since it was the first year being struck by the China. Most coins have flaws and many were mishandled by the mint prior to sealing.

There are a total of 795 graded by NGC with only 106 achieving a 69 grade. Most grade in the 67-68 range. Also, NGC has been very tough grading Modern Chinese coins for the past 2 years. So the likelihood of a 69 is very very slim. Also, the market for modern Chinese has moved in a direction where there can be very little premium on original packaging vs. graded.

In today's market the coin is probably more valuable by not having it graded. While there are premiums for 69, the market is not kind to 68 and below. A 68 grade is the same as original packaging in terms of pricing.

Also, copper spots are big problem on China gold coins. Most gold pandas have to go thru conservation (NCS) or suffer a lower grade.

Finally the revised mintage was published by the China Mint and is accurate.

1 ounce = 13,532
1/2 ounce = 13,391
1/4 ounce = 42,243
1/10 ounce = 77,598

 

Current auction prices in Asia are

1 ounce - 69 (8500), 68 to 67 including original mint packaging ($3400).

1/2 ounce and lower - no price premium for 69. Same price as original packaging.