China Gold Coin Corp | mint | www.metalmarket.eu
China Gold Coin Corp
History of creation
The State Council approved the establishment of China Gold Coin Incorporation (CGCI) in 1987, and since then it has been the only company engaged in minting precious metal commemorative coins directly linked to the People's Bank of China. It also performs an important function in the process of money issuance by the Central Bank of China.
In its initial phase of development, CGCI built a distribution network primarily in the domestic market, but quickly went outside the country with its offerings. An important step in its history was the establishment of a distribution center in Hong Kong called China Great Wall Coins Investment Ltd, through which CGCI was able to establish partnerships with other mints and banks in Asia, America and Europe.
Over time, the Hong Kong center was joined by 3 others in Beijing (Beijing Kaiyuan China Gold Coin Trade Center), Shenzhen (Shenzhen Trade Center) and Shanghai (Shanghai Gold Coin Investment Co., Ltd.) and 90 franchised distributors operating in large and medium-sized cities across the country.
Growing demand for the products offered led to the establishment of an upgraded production facility - Shenzhen Guobao Mint Ltd, specializing in the production of precious metal commemorative coins, and Beijing Gold Coin News Ltd., which is a professional institution faced with the task of popularizing knowledge of coins and ways of their production.
Each year, the People's Bank of China announces a plan for the issuance of commemorative collector coins, which includes specific coin collections, precious metals used for production, and planned volumes.
Curiosity
The company's minimalist logo, which refers to the three coins captured in motion, relates directly to the business while emphasizing the international nature of the company and its most iconic coin. The fluid and dynamic movement of the coins moving and overlapping at different angles is reminiscent of the lively and joyful movement of pandas, which is captured on the reverse of the iconic coin - Chinese Panda. The delicate outlines of the coins that make up CGCI's logo also evoke satellites orbiting the earth, to emphasize the international nature of its operations.
Production volume
Plans for 2022 include minting 14 programs (coin collections), which, after taking into account the different size variants and bullion used, translates into 91 unique configurations. The first item on the list is the iconic Chinese Panda, which will be produced in the silver version only (30g) in an edition of 10 million copies, and in the gold version in an edition of 1 million copies. The large 2-million mintage also boasts an 8g silver bullion coin, "New Year Celebration" and "The 24 Solar Terms - Stories of Time," for which as many as 24 issues of 60,000 copies each have been planned.
Popular products
Although the coins minted by China Gold Coin Corp are not the first choice coins for investors looking to safely invest their capital, it cannot be denied that the mint's offering is full of real gems.
One of the most iconic bullion coins currently produced by China Gold Coin Corp is undoubtedly the China Panda, which has changed its image every year since 1982. The coin is not only an effective way to secure the value of money over time, but also an interesting addition to any numismatic collection. The Chinese Panda is issued by the People's Bank of China, is guaranteed by it and is legal tender within the People's Republic of China. The obverse of the coin is decorated with the Temple of Heaven in Beijing (Tian Tan), while the reverse depicts two adorable pandas playing in the snow and the value of the coin expressed in yuan.
A special limited-edition collection of the Chinese Panda was launched by the mint in late 2021 to celebrate its 40th anniversary. Presented at the time were 14 coins ranging from 1g to 1kg, made of gold, silver or platinum, with a total mintage of nearly 14 million pieces!
Of course, CGCI's offerings don't just end with the Chinese Panda. Also of interest are coins commemorating the New Year - "2022 New Year Celebration", the Beijing International Coin Exposition - "Beijing International Coin Exposition" "Beijing International Coin Exposition" or the Beijing Winter Paralympic Games - "Beijing 2022 Paralympic Winter Games".
Popular coins: