Why Should You Buy The Chinese Silver Panda Coins?
The Chinese Silver Panda is China’s premier silver bullion coin. These coins were first introduced in 1982, and while coins have been struck in China for thousands of years, these modern issues are the nation’s most recognizable. There are four mints within China that manufacture these coins, which are the Shenyang, Shenzhen, Beijing, and Shanghai mints. Chinese coins are distinct from other bullion coins in that they do not display any mint marks. Here are some reasons you should add Chinese silver pandas to your collection.
Superior Market Price And Low Mintages
The market prices for silver pandas tend to be higher than other bullion coins, which mean if you buy an issue early you’re much more likely to sell it at a hefty profit later on. One reason why the market prices for these coins are so high is because panda coins tend to have exceptionally low mintages. A low mintage corresponds to greater demand since the coins are harder to find, which leads to a higher market price.
High Demand And Frequently Changing Design
The design of the silver panda is altered on an annual basis. While every coin features an image of a panda, no two are exactly alike. This makes them more desirable to investors and especially collectors. The Chinese panda is also one of the world’s top bullion coins, and is just as popular as the Canadian Maple Leaf, Austrian Philharmonic or American Silver Eagle. Not only is it China’s most recognized coin, but it is the most popular coin to be struck in Asia.
Silver Is More Affordable And Has The Potential To Outperform Gold
While gold tends to get more attention from the press, silver has a number of advantages. The first of these is its cost. As of this writing it takes just over 70 ounces of silver to purchase a single ounce of gold. However, silver has many of the same benefits as gold, including resistance to inflation and the ability to be used as a medium of exchange, as well as other properties which gold does not have such as its use in medical instruments, electronics and other types of equipment. Many analysts believe that in the future silver will outperform gold and the current ratio will fall significantly in its favor. Those who have Silver pandas would benefit greatly from these developments.
They Are Legal Tender And Offer Multiple Options
Within China the silver panda is considered legal tender. As with the gold version these silver coins are comprised of 99.9 percent purity and this makes them sought after by many. The coins are collected both within and outside of China due to their rarity and are also appealing due to the fact that they come in numerous sizes, which range from 1/20 ounce to 1 kilogram. With interest rates being so low and increased volatility in the global markets more investors are turning to precious metals. Adding silver pandas to your portfolio in addition to other Western coins is the perfect way to diversify it.