About Chinese Panda Silver Coins
Produced from .999 fine silver and featuring a unique design year after year, the Chinese Silver Panda Coins are silver bullion coins that collectors and investors highly admire. Silver Panda coins pay tribute to the lovable bears and serve as a reminder of the threat posed to the Pandas' survival. Chinese Silver Pandas are manufactured to high quality and are valuable assets in every retirement portfolio.
History of Chinese Silver Panda Coins
Chinese Silver Panda Coins were released in 1983, a year after the first Chinese Panda gold coins. The silver issue was proof of quality, and a maximum of 10,000 coins were minted for the first three years.
The original mintage only contained 90% fine silver, which was an unusual decision for silver bullion. The fineness was increased to 99.9% in 1987 to bring the Chinese Panda in line with other leading silver bullion coins.
The coins pay tribute to the Panda, China’s national animal. Every year, the design of the panda changes, other than the mintage years 2001 and 2002. Collectors were quick to make their displeasure known, and the designs have improved year after year.
The Chinese Silver Panda currently issues in five denominations and since 2016 has followed the metric system, which replaced the troy ounce weight system.
Why buy Silver Chinese Panda Coins
Chinese Panda silver coins are highly in demand. They are admired with silver bullion investors as well as numismatists. There are many reasons why they are so popular. First of all, there are a few other bullion coins that modify their designs every year. Therefore, the Chinese Panda makes an enticing collection.
In addition, the adorable designs of the Panda are meticulously detailed and reflect some of the most advanced minting techniques used today. Combined with the high purity level, it makes them popular assets for investors and collectors.
The limited mintage and the tiny anomalies in the design add to the appeal for collectors. As a result, Chinese Silver Panda Coins often fetch more than the silver spot price, making them a perfect choice for an IRA investment.
Design of Chinese Silver Panda Coins
The first thing to notice about the Silver Panda Coins is the high quality of the designs. The pandas featured on the reverse change each year show excellent attention to detail, which mirrors the high-quality minting techniques.
On the obverse side, the coins show the Taoist Temple of Heaven, an architectural treasure that dates back to the 15th century. Above, Chinese characters spell out “The People’s Republic of China.”
Until 2015, the coins had a mark of weight and purity. The face value iis printed on each coin, ranging from 3 Yuan for the smallest to 33 Yuan for the 1kg coin. However, the market value of each coin is a lot higher and calculated following today’s spot prices. Also, coins do not have mint marks.
Chinese Silver Panda Coins: IRA Investment
Chinese Silver Panda Coins contain .999 fine silver and are guaranteed by the Chinese Government. Silver Panda coins qualify for IRAs in the United States thanks to their high-quality production.
Silver is an economical investment compared to other precious metals and is therefore attainable to investors of all budgets. Silver values move independently of stocks and bonds. Trusted by professional traders, silver is a reliable asset used to hedge against assets that typically lose money when the economy crumbles down. Silver coins are, therefore, wise investments for self-directed precious metal IRAs.
However, not all Chinese Panda coins are allowed for pension funds. While they meet the IRS purity qualifications, coins produced before 2016 are not approved, while some versions from 2016 are IRA-approved. The reason is that they are deemed more collectible than bullion coins and have a premium over the spot silver price that surpasses the amount savers are permitted to add to an IRA in any year.
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