Chinese Platinum Panda Explained

The Chinese Platinum Panda is a series of platinum coins of China produced from 1987 to 2005. The series is named after the image of giant panda printed on the reverse of all coins. The People's Bank of China minted 8,300 one-ounce Platinum Panda coins between 1987 and 1990 with a face value of 100 yuan. Additionally, 5,450 ounces of platinum were used for coins of smaller denominations in the 1990s through the first decade of the 21st century.[1] Minting was discontinued in 2005, mostly due to the increasing price of platinum; while in 1990 the price was about US$490/oz, it crossed the $2,000 mark in the summer of 2008.[2] All Platinum Pandas, except for coins of 2004–2005, are very rare and their availability can not be judged from the minted volumes.[1] This is partly because some coins had been remelted.

Mintages

Platinum Panda (ratings and circulation)! Year! Value, Yuan! Diameter,
mm! Weight,
g! # pcs.
19871003231.12000
19881003231.12000
19891003231.13000
19901003231.11300
1990502715.552500
199025227.83500
199010183.14500
199310183.12500
19935141.552500
199410183.15000
199510183.15000
19955141.5510000
199610183.12500
19965141.555000
199710183.12500
19975141.555000
2002100183.120000
200350141.5550000
200450141.5550000
2005100183.130000

See also

Notes and References

  1. Web site: Coins of China. Platinum Panda. 12 September 2009.
  2. Web site: Platinum and Palladium Charts. London Platinum and Palladium Market (LPPM). https://archive.today/20110810070341/http://www.lppm.org.uk/chartsbuilder.aspx?comm=pt&fx=USD&ap=AM&d=20051228. dead. 10 August 2011. 13 September 2010.