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28 · WEDNESDAY, OCTOBER 27, 1982 · USA TODAY


INSIDERS

BEHIND THE SCENES IN THE WORLD OF BUSINESS

 

China cashes in on gold coin demand

Panda bears From China have attracted much attention since their arrival In 1972 at the National ZOO In Washington. But Gold coins bearing panda gold coins are expected to be more fruitful than Washington’s Hsing-Hsing and Ling-ling, who have been unable to reproduce In captivity

PandaAmeria Corp, In Palos Verdes Estates, Calif. is one of three companies marketing the one-tenth-ounce, Quarter ounce, half-ounce and l-ounce gold coins issued by China Mint Co. in China

“The new coins are minted in fractional sizes to make them more attractive to the jewelry industry.  That’s where most of the excitement about the coins is coming from,” said Martin Weiss, director of PandaAmerica.

Peter Ronis, a gold trader at Deak-Perera Washington Inc. a precious-metals trading company, is convinced that panda coins will compete in the marketplace with other collectible gold coins, such as the South African Krugerrand, the Mexican Peso, the Canadian Maple Leaf, and the Austrian Corona.

“But the Krugerrand has been on the market since 1967, so it will take a while for these coins to gain significant market share,” Weiss said.

“Since they are being issued near the end of the year, there won’t be so many available.  While we don’t know what size they will come in, we know the company in China is only 30,000 troy ounces. Krugerrands minted in 1982 utilized 3 million troy ounces,” Weiss said.

China has been minting gold coins since 1974.  Each year the number in circulation fluctuates.  The panda coins are the first Chinese coins to be offered in the United States.  The coins which are 90 percent gold are issued as commemorative coins but used as legal tender.

PANDAS: New coins come in four sizes.
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Price: $50.00
Purity: 1

Price: $50.00

Price: $28.99

Price: $44.95
Metal: Silver
Grade: Box

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Metal: Gold Denomination: 100 Yuan
Weight: 1 oz Mintage: 13,532
Purity: .999 Grade: NGC MS-68

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Metal: Gold Denomination: 100 Yuan
Weight: 1 oz Mintage: 13,532
Purity: .999 Grade: NGC MS-69

Price: $327.00
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 77,598
Purity: .999 Grade: BU

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1-800-4PANDAS
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 77,598
Purity: .999 Grade: NGC MS-69

Price: $548.00
Metal: Gold Denomination: 25 Yuan
Weight: 1/4 oz Mintage: 42,243
Purity: .999 Grade: BU

Price: $225.00
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 82,013
Purity: .999 Grade: BU

Price: $260.00
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 82,013
Purity: .999 Grade: NGC MS-69

Price: $595.00
Metal: Gold Denomination: 5 Yuan
Weight: 1/20 oz Mintage: 75,454
Purity: .999 Grade: Brilliant Uncirculated

Price: $638.00
Metal: Gold Denomination: 5 Yuan
Weight: 1/20 oz Mintage: 75,454
Purity: .999 Grade: NGC MS-69

Price: $2,500.00
Metal: Gold Denomination: 5 Yuan
Weight: 1/20 oz Mintage: 75,454
Purity: .999 Grade: NGC MS-70

No Photo

Price: $399.95
Metal: Brass Denomination: 1 Yuan
Weight: 12.7 gm Mintage: 30,000
Purity: .700 Grade: NGC PF-64 Ultra Cameo

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Metal: Gold Denomination: 100 Yuan
Weight: 1 oz Mintage: 25,183
Purity: .999 Grade: NGC MS-68

Price: $223.00
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 86,404
Purity: .999 Grade: BU

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1-800-4PANDAS
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 86,404
Purity: .999 Grade: NGC MS-69

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1-800-4PANDAS
Metal: Gold Denomination: 5 Yuan
Weight: 1/20 oz Mintage: 77,869
Purity: .999 Grade: Brilliant Uncirculated

Price: $180.00
Metal: Gold Denomination: 5 Yuan
Weight: 1/20 oz Mintage: 77,869
Purity: .999 Grade: NGC MS-69

Price: $1,099.00
Metal: Silver Denomination: 10 Yuan
Weight: 27 grams Mintage: 10,000
Purity: .900 Grade: Proof

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1-800-4PANDAS
Metal: Gold Denomination: 10 Yuan
Weight: 0.10 oz Mintage: 143,062
Purity: .999 Grade: BU

No Photo

Price: $160.00
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz
Purity: .999 Grade: NGC MS-65

Price: $725.00
Metal: Silver Denomination: Medal
Weight: 5 oz Mintage: 1,000
Purity: .999 Grade: NGC PF-67 Ultra Cameo

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1-800-4PANDAS
Metal: Gold Denomination: 100 Yuan
Weight: 1 oz Mintage: 107,132
Purity: .999 Grade: BU

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Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 65,596
Purity: .999 Grade: BU

No Photo

Price: $315.00
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 10,000
Purity: .999 Grade: NGC PF-68 Ultra Cameo

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1-800-4PANDAS
Metal: Gold Denomination: 10 Yuan
Weight: 1/10 oz Mintage: 10,000
Purity: .999 Grade: NGC PF-69 Ultra Cameo

Price: $140.00
Metal: Gold Denomination: 5 Yuan
Weight: 1/20 oz Mintage: 79,194
Purity: .999 Grade: BU

No Photo

Price: $70.00
Metal: Silver Denomination: 5 Yuan
Weight: 22 grams Mintage: 30,000
Purity: .900 Grade: NGC MS-65
Displaying Page 1 of  14 Total Records Found: 419
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