GoldPrice.

The 1/10 oz Chinese Gold Panda is one of the fractional versions of China’s primary bullion coin series. Like all of the coins in the series, it offers a recognizable coin minted with .999 fine gold. However, it is distinct in the fact that it is a somewhat limited item due to China’s move toward the metric system in 2016.

1/10 oz Chinese Gold Panda Price

No matter what measurement system the People’s Republic of China uses, the primary driver of value in the price of the coin is the spot price of gold. The spot price is the market price for a troy ounce of gold.

This price serves as the backbone of every gold coin’s value. It is the foundational amount that the coin is worth, absent any other factors.

Now, for fractional coins - coins that offer less than a full troy ounce of gold - it is necessary to determine the correct proportional spot price of the coin. So, in the case of the 1/10 oz Panda, dealers and investors must first divide the spot price by 10.

The other portion of the price for a 1/10 oz Gold Panda is the dealer’s premium. This cost is the fee the dealer charges as part of its business model and as a surcharge for the facilitation of the deal.

For 1/10 oz Gold Pandas, the premiums range between 20% and 34% above the spot price. This premium percentage is not the lowest available, but it places the cost of buying a 1/10 oz Panda beneath that of most American Gold Eagles.

The below-average premiums likely reflect the fact that the 1/10 oz Pandas might be a bit harder to sell than the American coins. You’ll still find buyers for yours, but it might take more time than a Gold Eagle.

However, the lower purity of the 1/10 oz Panda may also play a role, as investors can get purer coins for less than or equal to the same price. Thus, their iconic designs carry the day for most interested investors.

Find the Lowest Price on 1/10 oz Chinese Gold Panda

It is possible to keep the premiums on 1/10 oz Chinese Gold Pandas toward the lower end of the scale. In short, you must train yourself to become a smart shopper and coin collector.

The first thing to do is shop around for the best set of prices you can find. Get the proportional spot price figured for the day, then look at the prices dealers offer on 1/10 oz Pandas.

It is important to temper finding the best deals with ensuring that you’re using a reputable dealer. Make sure to check out the customer reviews and reputational ratings associated with a site before you move forward with it. If you’re not sure where to start, check out these great precious metals dealers:

• JM Bullion
• Provident Metals
• BGASC.com
• Silver.com

After you figure out the dealer for you, there are a couple of strategies you can use to keep the prices low.

For one thing, you can seek out 1/10 oz Pandas that do not bear any references to “uncirculated” or “proof.” Coins that fall into one of these categories are minted with extraordinary care and precision and have higher premiums as a result.

You should also look for any coins with the designator “random year” in their title. Some years are more valuable than others, and if you can allow the dealer to pick a coin for you, they will cut you a deal.

Finally, if possible, you should buy multiple 1/10 oz Gold Pandas at once. Even though they come with a higher upfront price, you are going to realize unit savings on every single coin in the tube.

Description

As sovereign bullion coins go, the Chinese Gold Panda series has likely gone through the most significant number of changes of them all. Since their debut in 1982, all versions of the coin have experienced revaluations on their face value and complete overhauls of their weights.

The 1/10 oz Gold Panda is no exception. Due to the PRC’s switch to the metric system, the 1/10 oz Panda is only available between 1982 and 2015. 

It also bears a higher face value on later coins. 1/10 oz Pandas between 1982 and 2000 were set with a ¥10 face value. However, between 2001 and 2015, the PRC released them with a face value of ¥50. Regardless of their face value, all of them bear the same .999 purity. 

They also have the same obverse as the rest of the coins in the series. All Chinese Gold Pandas feature the Hall of Prayer for Abundant Harvests, a signature landmark within Beijing’s Temple of Heaven complex.

Unsurprisingly, the reverse of all Gold Pandas features a representation of China’s most identifiable animal, the giant panda. However, the PRC made a habit of altering the reverse design almost every year that the 1/10 oz Panda was in production. Only the 2002 mintage kept the same design in place from the previous year.

Coin Highlights

Here are the nuts and bolts about the 1/10 oz Chinese Gold Panda:

• 1/10 troy ounce of gold.
• .999 purity.
• Minted between 1982 and 2015.
• Obverse features Beijing’s Hall of Prayer for Abundant Harvests.
• Reverse features various depictions of the giant panda.
• Coins minted between 1982 and 2000 have ¥10 face value.
• Coins minted between 2001 and 2015 have ¥50 face value.
• Discontinued in 2016 in favor of new versions using the metric system.

Buying Fractional Coins

The popularity and interest in fractional coins is traceable to a single fact. Namely, they are cheaper to purchase than the full size (1 ounce) coins. Often, they are radically less expensive, especially at a time when gold prices are as high as they are.

Truth be told, the budget commitment for buying a full-size coin is likely to be too much for most investors. New investors may find fractionals to be more palatable to get their feet wet.

However, be aware that you are not buying as smartly as possible. Premium percentages for 1/10 oz coins are always higher than the premiums on 1 oz coins, so, in a way, you are paying more to pay less.

That doesn’t mean that 1/10 oz Gold Pandas are bad investments, though. They are legitimate stores of value for any investor.

Specifications