Chinese Silver Pandas are the official silver coins of the People’s Republic of China, and they are excellent investment pieces.
The official silver coin of the People’s Republic of China, the Chinese Silver Panda has been a popular investment piece for years. Here, we take a look at some of the most frequently asked questions about the Chinese Silver Panda.
What is a Chinese Silver Panda?
Beginning in the year 1983, the People’s Republic of China began minting silver bullion coins. Each coin features a rendering of the Temple of Heaven on one side and a panda on the opposite. The design of the panda changes each year.
The first few years of the coin’s production used a different weight than the current coins. Previous coins weighed 1 troy ounce, while the current coins weigh 30 grams.
How many Chinese Silver Pandas are minted each year?
Chinese Silver Panda’s Minted Per Year-
- 1983 - 10,000 Proof Coins
- 1984 - 10,000 Proof Coins
- 1985 - 10,000 Proof Coins
- 1986 - No Coins Minted
- 1987 - 31,000 Proof Coins
- 2011 - 6,000,000 Coins
- 2012 - 8,000,000 Coins
- 2013 - 8,000,000 Coins
- 2014 - 8,000,000 Coins
- 2015 - 8,000,000 Coins
How much is a Chinese Silver Panda worth?
The value of a Chinese Silver Panda depends on a number of factors- year minted, production defects, and spot price of silver. Because the Silver Panda is a “bullion coin”, the current price of silver largely determines these coins’ value.
Can Chinese Silver Pandas be used as legal tender?
Although, the coin is usually more of a collectible than currency, in the People’s Republic of China the Chinese Silver Panda is considered legal tender. Authentication is difficult to prove with the coin unless it is weighed. This has led to some Chinese businesses not accepting the coin.
Are Chinese Silver Pandas taxable?
Provident Metals does not apply a sales tax on Chinese Silver Pandas. If a customer sells Silver Pandas, a Capital Gains Tax may be applied to the profits.
Are Silver Panda coins a good investment?
Yes, as with most other commodities and futures, the price of silver has increased over time. Also, precious metals are a great hedge against inflation. Savvy investors use precious metals to mitigate the effect of economic fluctuations on their investments.
Chinese Silver Pandas are worth more than the spot price of silver. Their beautiful design and silver purity are the major factors in the investment market, and they do prove to be a great investment.
Where are Silver Pandas minted?
Chinese Silver Pandas are the official silver coin of the People’s Republic of China. The Shenyang, Shanghai and Nanjing mints are the three producers of the coin. These three mints have a long history in China. Each mint uses different styles and techniques according to their manufacturing process. This has led to a variation in coins produced at the mints.
Where can I buy/sell Chinese Silver Pandas in the US?
If you would like to make a Chinese Silver Panda your next investment, Provident Metals has a wide selection. Browse our inventory of Silver Pandas or head to our Knowledge Center to learn more about the investment process.