First Steps: Advice for Beginners

If you are new to Chinese coins and are thinking of investing or collecting, here are a few pointers that will help you get you off on the right foot.

Firstly, buying gold Pandas is relatively simple. Gold Panda coins are one of the world’s top five gold coin investment choices. When you invest in coinage, you own something tangible – it’s real gold and silver, not like the futures markets for precious metals. The threshold for entering this market is also comparatively low, making it appropriate for investors and collectors of all budgets, and it’s easy to get to grips with.

For investors across the world, it’s a good idea to buy through reputable online distributors, or else from the China Gold Coin Incorporation’s various distributors and commercial banks.

When it comes down to it, the crucial issue revolves around the various commemorative coins available on the market. These coins truly are exquisite works of art. But their price depends on many factors, such as the coin’s original mintage; its metallic properties; the design on the two faces; the skill involved in rendering the design; and the condition of the coin’s packaging. The list goes on.

If you’re a beginner entering the market for commemorative coins for the first time, you really need to do your homework. There are various resources out there for research. The Shanghai Ancient Books Press has an excellent publication, 盛世风雅颂 – 新中国贵金属币章收藏投资鉴赏, which translates roughly as: “A prosperous wind and truth – an appreciation of collecting and investing in modern Chinese precious metal coins”. Of course, you can always go online for a whole wealth of material, catalogues, and other points of reference – especially if you’re not up for reading Chinese! Get a feel for the market. Browse currency markets, auctions, museums, and sales exhibitions. It’s important to get involved.

Generally speaking, precious metal coins are relatively low risk. They are well-suited for a long-term investment plan, but poorly-suited to making a fast buck. So be patient, don’t expect to get a quick return on them, and sit on them a while. For those just starting out in the market, you really want to make sure that your investment in precious metal coins makes up no more than 10% of your total investment portfolio. As you gain more experience and specialist knowledge, you can gradually increase this, and broaden your collection or investment.

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