Peking Opera Gold and Silver Coins Won't Make You Yuan
With gold bullion prices at record-breaking dollar values and silver not far behind, investors large and small are looking to lock up some precious metal. The People's Bank of China (PBOC) has made a smooth move to accommodate demand for gold and silver by launching a new set of gold and silver commemorative coins. The coins – one gold and two silver – are intricately colored and feature traditional masks from the world renowned Peking Opera.
The Chinese Peking Opera Facial Mask (series II) consists of one gold and two silver coins struck at the Shenzhen Guobao Mint in China. The coins are Proof quality and are legal tender in China, though actually attempting to spend them boggles the imagination. Got change for a hundred yuan?
The gold coin carries a face value of 100 yuan (about $15) and is 22 millimeters in diameter – just under an inch. Minted in 99.9% fineness, the coin contains 1/4 troy ounce of pure gold.
Both of the two silver coins carry a face value of 10 yuan (about $1.50) and each are 40 millimeters (about 1.4 inches) in diameter. Minted in 99.9% fineness, each coin contains 1 troy ounce of pure silver.
The official release date for the three-coin set was April 15th, 2011. All three coins should be relatively easy to obtain, given that the gold coin's mintage has been pegged at 30,000 and the silver coins at 50,000 for each. And really, what gold bug wouldn't want a set or two of these fancy ducats to show off to family and friends? It sure beatsa box of boring old gold ingots... or A Night At The Opera. (via People's Daily Online and CGCI)