Like other countries, China also minted Chinese gold coins over the years, in fact centuries in order to reveal how wealthy and powerful the nation the Chinese nation is. Nowadays, most of them are just issued as bullion but previously, people were fascinated by them and often felt proud to reveal their gold treasures. It was quite a common phenomena to have sacred treasures like these.
Firstly, gold coins of this sort were used for the purpose of trade in Mediterranean region. Later, they were considered as money commodity and no longer treated as a form of treasure. China played its part as well and minted these precious coins in order to mesmerise other nations with its wealth.
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.
Different countries named their coin differently, for instance, Americans used to call them eagles, Britain minted gold sovereigns whereas China call their's Yuan Ying. Yuan means money and Ying is the captial city of Chu State where the first ever coin was issued. Therefore, even the name of the coin holds some historical value.
When First World War ended, people were no longer using them as a form of money. In fact, paper money was introduced and after that the process of minting did continue but only bullion coin was minted. Some of the ancient coins have an expensive value while others are just considered as ordinary because it depends on what quality of metal is used for minting them.
Since 1982, the most well known coin issued by Chinese powers is regarded as Panda coin. As the name proposes, each and every one of them has a picture of panda engraved on them. Each year, another outline is presented however the picture of panda remains steady. It was just in the year 1997 when an elective picture was utilized and that coin was named as Good Fortune Coin.
The history behind the issuance of them is just fascinating because each variety has its own value and story behind its issuance. You should remain careful whilst purchasing them because there are bullion as well as old varieties available out there to purchase, but some of the old ones do not have any monetary value so its not worth spending huge amount of money for them unless you are a collector.
If you are new to buying Chinese gold coins then you must remain extra careful because it can get extremely confusing to decide which variety to buy and which should be avoided. It is always advisable to visit an authentic gold dealer who can guide you precisely and help you in making a successful purchase in this regards.
Firstly, gold coins of this sort were used for the purpose of trade in Mediterranean region. Later, they were considered as money commodity and no longer treated as a form of treasure. China played its part as well and minted these precious coins in order to mesmerise other nations with its wealth.
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.
Different countries named their coin differently, for instance, Americans used to call them eagles, Britain minted gold sovereigns whereas China call their's Yuan Ying. Yuan means money and Ying is the captial city of Chu State where the first ever coin was issued. Therefore, even the name of the coin holds some historical value.
When First World War ended, people were no longer using them as a form of money. In fact, paper money was introduced and after that the process of minting did continue but only bullion coin was minted. Some of the ancient coins have an expensive value while others are just considered as ordinary because it depends on what quality of metal is used for minting them.
Since 1982, the most well known coin issued by Chinese powers is regarded as Panda coin. As the name proposes, each and every one of them has a picture of panda engraved on them. Each year, another outline is presented however the picture of panda remains steady. It was just in the year 1997 when an elective picture was utilized and that coin was named as Good Fortune Coin.
The history behind the issuance of them is just fascinating because each variety has its own value and story behind its issuance. You should remain careful whilst purchasing them because there are bullion as well as old varieties available out there to purchase, but some of the old ones do not have any monetary value so its not worth spending huge amount of money for them unless you are a collector.
If you are new to buying Chinese gold coins then you must remain extra careful because it can get extremely confusing to decide which variety to buy and which should be avoided. It is always advisable to visit an authentic gold dealer who can guide you precisely and help you in making a successful purchase in this regards.
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