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<p>[QUOTE=&quot;gxseries, post: 2537467, member: 4373&quot;]Chinese platinum coins have somewhat been a curse to Chinese mint as the demand was not there when they first struck the coins. Pattern platinum panda coin first occurred in 1983 and it was assumed that there was no demand. There might have been other platinum medals but that is out of my field. The first official platinum coins appeared in 1987 and the overall operation was canned when platinum prices went out of control. </p><p><br /></p><p>The real problem is with the accounting process with Chinese including the former Eastern Europe in particular communist era. As far as I am aware, there will be mintage figure which is often quoted as number of coins struck, or theoretical maximum number of coins allowed to be struck. For argument sake - let&#039;s leave it at the number of coins struck.</p><p><br /></p><p>But because there is no real intensive to sell such coins at central banks - if they don&#039;t sell, they often sit in there for who knows how long it would take. When precious metal prices rise, it would be wiser to bring the old stock back and melt them down. This is where the problem arises - if proper accounting is supposed to be done, there should be a reconciliation of how much was melted down and what the overall final number of coins was sold to the public.</p><p><br /></p><p>To compound the matter worse, smaller platinum coins in particular panda coins are favorite coins to be used for jewellery. Hence you can imagine why there is such high price for your coin.</p><p><br /></p><p>Understandably, a mintage number would be nice but I guess it&#039;s the final price of the coin that matters the most. Let&#039;s just sell it to the person that wants it really badly and pays handsomely. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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