2015 Chinese Pandas no longer display weight on reverse

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yrh0413

New Member
Link: http://www.cqdingfu.com/art/1560.html

For those who does not read Mandarin,

1. 2015 gold and silver pandas will no longer has its weight stamped on the reverse. It will be panda motive but without stating its weight.
2. China Mint will be marketing the Panda bullions in grams and kilos instead of ounces. Not sure if they will introduce new sizes as 31.1g, 10.37g, 7.77g are "odd" sizes.

I would prefer they revise their weight into 30g, 20g, 10g, 5g, 1g :)
With weight no longer displayed I guess next year we all need to bring a scale when we buy our panda bullion :lol:
 
Troy ounce is the traditional western measurement of gold for bullion trading. Spot prices are based on troy ounce weight. If they stray from the standard, they will be making a mistake and will probably go back back to it the following year. Just like the went back to changing designs annually after 2002. Just my WAG. :rolleyes:
 
there was no mention that the panda bullion will have different fineness... should still be .999 silver/gold.
 
DanielM said:
goldpelican said:
Well that will probably make them a GST item in Australia.
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Even if it's still .999?
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If there's no weight stamped on the coin, possibly.

GST Ruling (GSTR) 2003/10 states "bears a mark or characteristic accepted as identifying and guaranteeing its fineness and quality" - there's further wording referencing the weight of bullion coins:

41. As discussed above at paragraph 22, bullion coins are in a tradeable form. They are usually traded at a price that is determined by reference to the spot price for the metal, indicating that they have the character of the metal itself. Bullion coins bear an accepted mark or character on their face and noted weight and fineness guaranteeing their fineness and quality. They are in an investment form. Therefore, if they are of the relevant fineness, such gold, silver or platinum bullion coins are precious metal for GST purposes.
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A bullion coin that does not note the weight would be in my opinion in a grey area when it comes to the assessment of it's adherence to the ATO's definition of an investment form, and a private ruling on the matter by an importer would probably be the safest route. ATO would either rule them an investment form that is input taxed (effectively GST free), or a numismatic requiring GST to be applied.
 
Wait just to clarify, upcoming pandas will still be made in the same weight as this year, but it's just not stamped on there, right? Or is the coin's weight now going to be made in metric weight?
 
iluvbeanz said:
Wait just to clarify, upcoming pandas will still be made in the same weight as this year, but it's just not stamped on there, right? Or is the coin's weight now going to be made in metric weight?
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1. likely to be issued same weight as prior years.
2. weight no longer stamped on the coin.
3. China mint is going to market the coins in "g/ kg" for local market (China), and in "ounce" for international market.

2014 gold and silver pandas will still be minted as usual (still shows weight on the coin).
 
Another article (this time in English) referencing the change from ounce to gram/kilogram...

"From 2015, coins will use gram and kilogram as measurement units and the 2014 Panda Gold coins will be the last coins measured by ounce. As the end of the "ounce era", they have high value in collection, he said."

http://en.ce.cn/Industries/Financial-services/201406/19/t20140619_3001089.shtml

edited to add another 1 ...

http://lunaticg.blogspot.com/2014/06/china-panda-coin-officially-in-malaysia.html
 
This is interesting. Will this change make these popular coins harder to buy from dealers in australia?

If they are going to metric will the coins be a different size eg 1gram, 5grams, 10,grams, 50 grams etc.

Is there anything official from china online regarding the change or the 2015 design?
 
We should see soon enough if and how this change will come to fruition when the advanced pictures of the 2015 issue panda start showing up this Oct - Nov.
 
No clue about their local market, but I don't think the international community will like coins with no weight stamped on them.
 
agree, it will be difficult to differentiate 1/20oz against 1/10oz, or 1/4oz against 1/2oz. Guess we need to carry a digital scale.
 
Yes I look forward to seeing the new 2015 Panda and also seeing what the change from Troy Oz to all metric.

Where will they post the pictures....if anyone sees the new 2015 please report back to us at SS.

I heard the 2015's will have 5 Pandas this year on the coin.............






Jk 5 might be overkill

I will be buying sheets right away if silver remains at $27-$29
 
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