Friday, June 20, 2014

China Panda coin officially launched in Malaysia

On 17 June 2014, China Gold Panda Bullion coins officially launched in Malaysia in conjunction with the celebration of Malaysia-China 40th anniversary of diplomatic relations and the arrival of Chinese pandas Fuwa and Fengyi. Bank of China (Malaysia) Berhad have announced the move to sell China Panda Gold Bullion coin in Malaysia on 21 May 2014.

China Gold Panda Bullion

Since the announcement for the pre-booking, the Chinese Panda Gold Coins was overwhelmed by the market, registration has been increased rapidly. In order to fulfill customers’ needs, Bank of China (Malaysia) Berhad has made a soft launching on 6 June 2014 for the registered customers.

In 1982, the official mint of the People's Republic of China introduced the Panda gold bullion coins in sizes of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. of 999 fine gold. Starting from 1983 gold bullion coins weighing 1/20 oz, 5 oz and 12 oz was introduced. The coin obverse for the gold bullion show Temple of Heaven in the center with Chinese characters on top saying "Zhonghua Renmin Gongheguo" meaning People's Republic of China and the bottom the year of issue. Portraits of panda on the coin reverse changes every year (except for 2001 and 2002, which share the same design).

Commencing from 2015, according to the People’s Republic of China national’s “Measurement Law” and the People’s Bank of China’s requirement, the gold and silver coins will be issued under the legal measurement of Metric System, i.e. grams, Kilogram and etc. The issuance of the gold and silver coins under the measurement of the Imperial System “Ounce” will be discontinued. Furthermore, from 2015 onwards, the weight of the Chinese Panda Gold coins will no longer be stated on the coins. This has made the 2014 Chinese Panda Gold Coins with “Ounce” to be even more significant for collection.

You can pre-order you China Gold Panda Bullion coins at any Bank of China (Malaysia) Berhad branches located at Kuala Lumpur, Klang, Puchong, Penang, Muar, Johor Bahru and Kuching.