Why add this 2016 China 10Y 30g Silver Panda to your collection?
This 2016 30g China Silver Panda, the latest release in one of the most beloved bullion coins produced every year, marks a major shift in the way that coins are issued. This is the first time that a major government has issued all of its coins in metric units of weight rather than imperial. While some of the larger coins, such as the ½ kilo and 1 kilogram varieties, had been measured in metric, the smaller once were in ounces or fractions thereof. Instead, this Silver Panda weighs 30g, a change from the 1 oz. of the 10 yuan face value coin in previous years. The design of the coin, like other Pandas, has changed from previous years. While many coins in recent years showed pandas from the front, this one depicts a panda from the side. It is lying on and hugging a tree branch, enabling the viewer to see almost the full profile of the animal from its right side. In the background is a wall of bamboo shoots, something that has been used in previous editions. Regardless of whether other governments follow in issuing all of their coins in metric, this coin will forever be an important one.
|Year of Issue:||2016|
|Weight in Grams:||30 g|
The change to this year’s silver and gold coins set off a great deal of speculation about why this was done, and what kind of impact it might have on sales of the coins. As a general rule, bullion buyers like to see this information on the coin, especially buyers of Chinese coins.
After Friday’s strong employment numbers we see the dollar index slightly higher at the moment against the other major currencies.
2016 has been a big year for the China Silver Pandas. Not only has the series received a different design as usual, but the coins now have changes to their silver weight! 2016 Silver Pandas have been resized to gram weights instead of their normal Troy oz. What do these changes mean for collectors? What's in store for future releases? What can you buy now? Find out, along with information about NGC graded first of 30,000 Struck Silver Pandas!