1987-S China Gold Panda 1 Troy oz Unc
The Republic of China's .999 fine gold Panda series was one of the most successful bullion coins of the 1980's. The designs changed each year, and investor demand was such that the coins traded at a very high premium over spot. the concept of a premium-priced bullion coin was established, as the gold Pandas became popular collectibles.
In the past few years, the Panda has become more and more popular with gold buyers in China and around the world.
By changing the design every year, the Chinese were able to build a steady demand for these products regardless of gold price fluctuations.
This is a 1987 Chinese Gold Panda, 1 Troy oz of .999 pure gold, minted at the Shanghai Mint. The 1987 is a little harder to find.
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