From many centuries, just like other nations, China has also minted Chinese gold coins previously as a form of treasure, then money and now as bullion coin. In ancient times people used to regard them as their treasure because enormous amount of value was associated with them. It was a proud moment for many individuals to reveal how large their treasure is.
It all started from trade of gold in Mediterranean many years back, at that time these coins were not considered as money but in fact they were regarded as a part of someone's treasure. Chinese also started minting them to increase their wealth and it was in the beginning of 6th century when China was self sufficient in its coin treasure.
All around European and Asian countries, Chinese were considered to be the most circulated ones. It was a fact that all type of gold that was discovered during 6th century up till beginning of 19th century was minted into coins. As the First World War began, the process of minting was totally seized by many nations.
Every nation has given a different name to their coins like the British people used to call them gold sovereigns, Americans gave them the name Eagles and China called them Yuan Ying. They called it Yuan because this word's literal meaning is money and then Ying because it is Chu's capital city and Chu is the state where first Chinese coin was minted.
After the First World War such valuable metal was no more utilized as a form of cash. Till this day, coins are issued yet they are viewed as bullion not cash like in the earlier times. Some of them hold a lot of worth while others are recognized as just conventional. Everything hinges upon what kind of metal is utilized to make them and if the valuable metal is in its unadulterated structure or not.
Since 1982, the most popular coin issued by Chinese authorities is known as Panda coin. As the name suggests, every single one of them has an image of panda imprinted on them. Every year, a new design is introduced but the image of panda remains constant. It was only in the year 1997 when an alternative image was used and that coin was named as Good Fortune Coin.
The issuance of every single design has a bit of history behind it and that could be very fascinating to learn. It is extremely important that you remain careful when you buy them because there are loads of old money as well as bullion that you can choose from. Some of the old ones do not hold any value to them so it is not a wise decision to make such purchase unless you are a hobbyist.
When it comes to Chinese gold coins there is a huge amount of risk involved while purchasing them especially if you have no idea about their real value. If you have decided to purchase them you should always go to an authentic dealer who could guide you in the right direction and help you make the correct decision in this regards.
It all started from trade of gold in Mediterranean many years back, at that time these coins were not considered as money but in fact they were regarded as a part of someone's treasure. Chinese also started minting them to increase their wealth and it was in the beginning of 6th century when China was self sufficient in its coin treasure.
All around European and Asian countries, Chinese were considered to be the most circulated ones. It was a fact that all type of gold that was discovered during 6th century up till beginning of 19th century was minted into coins. As the First World War began, the process of minting was totally seized by many nations.
Every nation has given a different name to their coins like the British people used to call them gold sovereigns, Americans gave them the name Eagles and China called them Yuan Ying. They called it Yuan because this word's literal meaning is money and then Ying because it is Chu's capital city and Chu is the state where first Chinese coin was minted.
After the First World War such valuable metal was no more utilized as a form of cash. Till this day, coins are issued yet they are viewed as bullion not cash like in the earlier times. Some of them hold a lot of worth while others are recognized as just conventional. Everything hinges upon what kind of metal is utilized to make them and if the valuable metal is in its unadulterated structure or not.
Since 1982, the most popular coin issued by Chinese authorities is known as Panda coin. As the name suggests, every single one of them has an image of panda imprinted on them. Every year, a new design is introduced but the image of panda remains constant. It was only in the year 1997 when an alternative image was used and that coin was named as Good Fortune Coin.
The issuance of every single design has a bit of history behind it and that could be very fascinating to learn. It is extremely important that you remain careful when you buy them because there are loads of old money as well as bullion that you can choose from. Some of the old ones do not hold any value to them so it is not a wise decision to make such purchase unless you are a hobbyist.
When it comes to Chinese gold coins there is a huge amount of risk involved while purchasing them especially if you have no idea about their real value. If you have decided to purchase them you should always go to an authentic dealer who could guide you in the right direction and help you make the correct decision in this regards.
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