Author Topic: Bimetal and Gilded/Plated Silver Pandas  (Read 18513 times)

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Offline pandamania

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Bimetal and Gilded/Plated Silver Pandas
« on: August 07, 2011, 02:12:58 PM »
What makes the silver panda series of coins/medals so interesting is the variety of issues minted.There have been several subsets with unique appeal and beautiful designs i.e. Munichs, Colored Proofs, Expos and Hong Kongs. What truly distinguishes the silver pandas from gold regular issues, platinum and palladium pandas is the use of gold combined with silver to provide perhaps the most beautiful of all pandas, the bimetallic and gilded/plated silver panda series.

The process started in 1990 with a gold centered coin/medal bordered by silver. The bimetallic panda lasted until 1997. There have been 21 varieties of these coins (technically including 3 medals) issued during that time. All have exceptionally low mintages and big demand. These include:

Year   Denom.   Mintage
1990   50Y   2000
1990   1/2oz+1/5oz   2000
1991   25Y   10000
1991   1/4oz+1/8oz   2000
1992   10Y   2000
1993   25Y   2500
1994   10Y   3000
1994   25Y   2500
1995   10Y   2000
1995   25Y   2000
1995   50Y   2000
1995   500Y   199
1996   10Y   2500
1996   25Y   2500
1996   50Y   2500
1996   500Y   199
1996    1/4OZ+1/8OZ Munich 1500
1997   10Y   2800
1997   25Y   2800
1997   50Y   2800
1997   500Y   199

The 1996 Munich Metal is the only bimetallic Munich ever issued. An interesting observation is that in the years 1990 and 1991 China issued Proof Hong Kong Expo (the only Hong Kong bimetals) with identical dimensions and metal content in denominated (coin) and non denominated (medal) varieties. As with the non bimetallic Hong Kongs the mint was in effect saying that the only significant difference between a "coin" and a "medal" is a virtually meaningless number on a "coin" (the real practical difference between the two is that medals have more varied and interesting obverses than coins).

Starting in 1996 the mint began to transition from bimetallic silver pandas into gilded/plated silver pandas and the issuance of bimetal silver pandas ceased after 1997. Gilded/plated silver pandas also stand out as interesting and beautiful variations. Thus far there have been 12 coins in the series, 8 commemorating the Beijing/Shanghai/Guangzhou Expos, 1998 Aerospace Exhibit, 2002 20th Anniversary of Chinese Gold Coins, 2005 Industrial and Commercial Bank and the 2008 BJ Banknote with the following mintages:

Year Coin              Mintage
1996 Beijing           20000
1997 Shanghai       30000
1998 Aerospace     50000
1998 Beijing           30000
1999 Beijing           40000
2000 Guangzhou    40000
2002 20th                6000
2004 Beijing           40000
2005 Ind/Coml     100000
2005 Beijing           30000
2006 Beijing           20000
2008 Banknote      20000

Because of their appeal, attractiveness and beauty the bimetallics have had some impressive gains the last few years. The gilded/plated varieties have overall had "somewhat moderate" gains from a panda perspective. It would seem likely that in the long run both bimetallic and gild/plated pandas will be driven much higher.







« Last Edit: August 14, 2012, 02:22:32 AM by pandamania »

Offline badon

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #1 on: August 07, 2011, 02:14:29 PM »
Great information writeup!

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #2 on: August 07, 2011, 02:21:35 PM »
I suspect the 1991 25 Yuan mintage to be overstated, 10,000 seems way too high compared to their availability,  plus they seemed most often paired with  the Hong Kong Medal. Plus the Mintage for the 1990 coin and medal were identical at 2,000. Just makes sense that it'd be 2,000 as well. Maybe a mint typo? But just a suspicion, anyone have any solid info one way or the other?

Offline pandamania

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #3 on: August 07, 2011, 02:30:03 PM »
I suspect the 1991 25 Yuan mintage to be overstated, 10,000 seems way too high compared to their availability,  plus they seemed most often paired with  the Hong Kong Medal. Plus the Mintage for the 1990 coin and medal were identical at 2,000. Just makes sense that it'd be 2,000 as well. Maybe a mint typo? But just a suspicion, anyone have any solid info one way or the other?

This figure is from both Peter`s and Cheng`s books and one other source. it looks out of line to me too since all other Hong kong Bimetalics had mintages of 2000.

Offline adamc4

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #4 on: August 07, 2011, 04:02:37 PM »
Thanks for the info.

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #5 on: August 07, 2011, 04:45:00 PM »
The last one that sold was a steal.  By a crafty buyer who I'm sure is still laughing.

Offline fractalfate

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #6 on: August 08, 2011, 12:45:16 AM »
No love for the panda lunar bimetallics? These should be on the list too!

Offline badon

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #7 on: August 08, 2011, 01:09:28 AM »
I don't think those are official. If I remember correctly, they're actually altered genuine coins.

Offline pandamania

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #8 on: August 08, 2011, 02:52:57 AM »
No love for the panda lunar bimetallics? These should be on the list too!

The list included coins that were exclusively panda. The silver lunar/panda has dual citizenship.

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #9 on: August 08, 2011, 03:01:19 AM »
Well and tactfully put.

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #10 on: August 08, 2011, 07:09:19 PM »
This figure is from both Peter`s and Cheng`s books and one other source. it looks out of line to me too since all other Hong kong Bimetalics had mintages of 2000.

I agree that the actual mintage must have been closer to 2,000 than to 10,000. There was no market at that time for 10,000 proof Pandas, much less bimetallic coins that some numismatists felt were cheap gimmicks. I hope one of the researchers at the China Mint will eventually publish more accurate mintage figures for proof Pandas.

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline MrOrganic

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #11 on: August 08, 2011, 07:35:24 PM »
The last one that sold was a steal.  By a crafty buyer who I'm sure is still laughing.

Hello UB

You speaking of the one that went for $2025???
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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #12 on: August 08, 2011, 07:45:38 PM »
Yup. For a 69- good price for 2k Mintage.

Offline davidt3251

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #13 on: August 09, 2011, 12:01:52 AM »
Yeah. The one time I dont use esnipe and leave my bid hanging at $2000. For want of $25 bucks.

Offline adamc4

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Re: Bimetal and Gilded/Plated silver Pandas
« Reply #14 on: August 13, 2011, 10:29:17 PM »
Yeah, that 1991 1/4 Oz. Gold Panda Bimetal that went for $2025 was a solid $2500 coin, maybe more. 1994 1/4 Oz. Gold Panda Bimetal coins with a higher mintage bring $1700+ raw although the 1994 1/10 Oz. doesn't seem to bring much more than $700. Interesting.

The 1997 1/2, 1/4, and 1/10 Oz. sets constantly outperform the 1995 and 1996 Bimetal sets by roughly $1500-$2000 despite 1997 coins having a higher planned mintage. Anyone know what happened to the 1997 Gold Panda Bimetal coins?

Based on frequency of availability alone the 1992 1/10 Oz. seems to be the one to get.