Chinese Silver Panda

Sell Chinese Silver Panda to the Best Buyer in Las Vegas & Henderson, NV

Chinese Silver Panda forms part of the series of silver bullion coins issued and released by the People’s Republic of China. Its design and size change every year. It comes in different sizes and denominations that range from 0.5 troy oz. to 1 kilogram. However, in 2016, this silver coin was transitioned to metric sizes, reducing its weight. Notably, the 1 troy-ounce Chinese Silver Panda coin was reduced to 30 grams. Also, the 5-troy-ounce was reduced to 150 grams. Despite this, the Chinese Silver Panda coin still finds its place in the coin industry market for its undoubtedly captivating historical design and significance. 

Brief History

The creation and production of the Chinese Silver Panda coins started in 1983 by the Chinese Shenzhen Guobao Mint. It has been part of the silver bullion coin series since 1983. The years 1984 and 1985 were also significant because the first Silver Panda coins were issued. During these years, the coins were of proof quality containing a precious metal content of 27 grams of 0.900 fine silver with a diameter of 38.6 mm. A record of 10,000 silver bullion coins which includes the Chinese Silver Panda are minted each year. This consistent production of the Chinese Silver Panda gives the coin undeniable popularity and spot in the silver bullion industry. 

In addition, 1986 marked the non-production of Chinese Silver Panda coins in the Republic of China from its 10,000-mintage limit. This was when the coin’s popularity was overwhelming that the Chinese Shenzhen Guobao Mint decided to temporarily suspend its production. In 1987, the Silver Panda coins’ production and distribution continued. But this time, the silver coins were also minted in proof quality from 1 troy ounce of .925 fine sterling silver. Other mint facilities produced this coin, including Shanghai, Shenyang, and Shenzhen. All of these coins bear the same design except the year when it was minted. 

There were specific mintage years when there were minor alterations or modifications in the coin’s design. This includes the size of the date and the temple details of the coin. This is why there was a motion to deliberately determine the Chinese Silver Panda coin’s original design, which happened in 1996, when various mints produced the silver coin with minor changes in the font size of the date, particularly on the obverse of the coin. 

In 2015, the Chinese Silver Panda coin’s release was not identified by their metal fineness and weight. But, in 2016, the 1 troy-ounce silver coin was replaced by the 30-gram coin. In 2020, based on the current valuation standards, the highest-priced Silver Panda coin is the 1983 proof panda and the 1991 non-proof panda coin. 

Design of the Chinese Silver Panda

Until 2015, the Chinese Silver Panda coins’ production was labeled with the stamp of their weight and level of purity, which is .000 fine silver. This made the coin very popular for such a long period of time, along with its creative design that changes every year of production. 

The coin’s obverse or front side features a depiction of a mother panda with her young cub. It also features the Chine “Temple of Heaven” which is found in Southern Beijing. Throughout the production years, the coin contains the inscription of “The People’s Republic of China”. However, starting in 2015, the coin’s obverse no longer features any inscription regarding its weight and purity, particularly the word “ounce” or any notation to indicate it. The Chinese Silver Panda coins have adopted the metric system since then. 

In contrast, its reverse features a long-standing image of the Hall of Prayer for Abundant Harvests. Since 1983, Silver Pandas have been the main profile of the coin in its reverse design. But the design of the Panda Bear changes every year. One interesting design made for this coin was in 2015 when the Panda Bear was portrayed as a bear chewing on a little piece of bamboo. It was also in that same year when the coin’s face value was indicated above the image. 

The Chinese Silver Pandas’ varieties included uncirculated, colored, gilded, proof, a privy mark for a commemorative issue, and extra wording of a special event. Every year, throughout the Silver Panda’s minting history, the Republic of China authorized the production of these different types of coins. At present, the Chinese Silver Panda continues to be in circulation in the silver bullion industry of the Republic of China. It is considered one of the most attractive ways of investment among coin collectors. This silver bullion coin market plays an indispensable role in the Republic of China’s economy, especially that they have investors around the world. 

In fact, the recent unique releases with specified mintage are the 2021 Chinese Silver Pandas, with 10 million coins to be produced in 2021. Truly, the Chinese Silver Panda is a symbol of national pride that continues to be one of the most sought-after silver bullion coins in the arena of global precious metals, bringing high marketability not only in China but around the world.

Value of Chinese Silver Panda

Every Chinese Silver Panda is stamped with its corresponding face value relative to its size and weight. Particularly, for a one-kilogram-sized Silver Panda coin, it comes with a value of 300 Yuan. With the ¼ ounce version of the coin, three Yuan is its corresponding value. The coin’s face value is determined through its specifications like weight, thickness, and diameter. The value is mainly referring to the face value of the coin with respect to their sizes. This means that this face value can be spent as legal tender in the People’s Republic of China. However, if you have these coins right now, you will not dare to spend them for some miscellaneous expenses because these coins’ bullion value is significantly higher than their face value. This is basically because the face value of the coin does not considerably affect its actual intrinsic value. 

The Chinese Silver Panda coins’ actual value is based on their demand and supply. Part of the specifications of the Chinese Silver Panda, which is the coin’s weight, is given utmost attention as a relative factor in identifying the silver content for pricing. This silver bullion coin’s size or weight ranges from 0.5 troy oz. to 1 kilogram. This means that your Chinese Silver Panda coin price is dictated by its silver content which is identified through its weight. In 2020, a perfect 1983 proof panda was considered the highest-priced coin worth around $16 430, while the highest-priced, non-proof coin is a perfect large-date 1991 panda worth approximately $3,100. Prices vary depending on the silver content and quality of the coin. To learn more about the spot price of silver, click here: https://www.kitco.com/charts/livesilver.html

Best Buyer of Chinese Silver Panda

Nevada Coin Mart is undoubtedly the best place for you to sell your Chinese Silver Panda coins. For more than 10 years already, we have been known as the largest coin buyer in Las Vegas and Henderson, Nevada. We are the #1 buyer of silver coins and other precious metals in all of Nevada. We have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already, making us the best dealer of silver coins with the best possible deals.

Your Chinese Silver Panda coins are definitely in the right hands for selling as you come to visit our store at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103. We offer a free quote or in-store evaluation of your Silver Pandas using state-of-the-art X-ray spectrometer operated by our experts and staff members. Excellence and competence in service delivery are our mantras in giving the best customer service. You will get the most cash for your items and best customer service from our store.

Hurry now and set aside your second thoughts. Bring in your Chinese Silver Panda coin to get the most cash from Nevada Coin Mart. We are open 365 times a year, from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. You are absolutely at the right store with the great customer service for a worthwhile transaction of your silver dollar coin items.

References:

https://en.wikipedia.org/wiki/Chinese_Silver_Panda

https://goldiraguide.org/chinese-silver-panda/