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NewswireToday - /newswire/ -
Torrance, CA, United States, 10/01/2009 - Silver and gold coins issued to celebrate the 60th anniversary of the People's Republic of China are selling for as much as $100,000.
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On October 1, 2009 , the People’s Republic of China is celebrating its 60th anniversary of independence – appropriately with fireworks (which the Chinese invented). China’s status as one of the world’s great financial powers is reflected in the designs of their 60th anniversary coins. The 1 oz. .999 fine pure silver coin (100,000 authorized) and 5 oz. .999 fine pure gold coin (600) each features a modern bridge and skyscapers; the 1 kilo pure silver coin (6,000), ¼ oz. pure gold coin (60,000), and 1 kilo pure gold coin (100) each pictures a rocket, satellite, high-speed train and the Beijing Olympic Stadium. All coins are gem proof quality.
China is only the third country to launch a human into orbit on its own, after Russia and the United States. Notably, the Chinese were the first to launch rockets -- in the year 1232. During the battle of Kai-Keng, the Chinese repelled Mongol invaders by a barrage of "arrows of flying fire," that used gunpowder as a solid-propellant.
The World Gold Council quotes Cai Yanan of Beijing Caibai Gold and Jewelry, saying that local demand for the 60th Anniversary coins, gold in particular, "far exceeds the supply." Prices range from under $100 for the 1 oz. silver coin to over $100,000 for the impressive kilo (Over 32 oz.) gold coin. For further information contact official distributor Panda America at 800-472-6327 or email info[.]pandaamerica.com.
Panda America (pandaamerica.com) has been an official distributor of precious metal coins from China since 1982, when they helped introduce the gold Panda coins, which are among the world's leading bullion coins.
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