The People's Bank of China (PBOC) was established on December 1, 1948, and is the central bank of the People's Republic of China. It took over the responsibilities from the Central Bank of China, which had served as the central banking institution before the communist revolution. The PBOC is responsible for managing China's monetary policy, regulating financial institutions, and issuing currency, among other duties.
Gold Panda Coins The Gold Panda series, introduced by the PBOC, is one of the most popular bullion coin series globally. These coins are minted in various denominations, including 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz. In the past, larger denominations such as 5 oz, 12 oz, and 1 kg were also issued. Each year, the design of the Gold Panda changes, featuring different depictions of the giant panda, which is a symbol of China. The reverse side of the coin usually showcases the Temple of Heaven, a UNESCO World Heritage site located in Beijing. The coins are known for their high-quality craftsmanship, intricate designs, and appeal to both investors and collectors.
Silver Panda Coins Similarly, the Silver Panda series is a widely recognized and collected bullion coin series minted by the PBOC. These coins are typically issued in 1 oz and 30 grams denominations (the latter being slightly less than 1 oz, at approximately 0.9645 oz). Like the Gold Panda, the Silver Panda features a new design each year, always depicting a giant panda in various poses and natural environments. The obverse side of the coin also typically features the Temple of Heaven, alongside the year of issue and the coin's weight and purity.
Collectibility and Value Both the Gold Panda and Silver Panda coins are legal tender in China and are known for their limited mintages, which adds to their collectibility. The annual design changes make these coins particularly desirable among collectors, as each year’s issue is unique. Moreover, the coins' weight and purity are guaranteed by the People's Bank of China, providing additional assurance to buyers regarding their authenticity and value.
The PBOC occasionally releases special anniversary or commemorative editions of these coins, further enhancing their appeal in the global market. These factors combined—the quality, design, limited mintage, and government backing—make Gold and Silver Panda coins highly sought after by both numismatists and precious metal investors around the world.