New Chinese Silver Panda 2016
Posted:
Sat Nov 21, 2015 8:35 amby silverflake
So i was just over at Provident Metals this AM an I see they are pre-selling the 2016 Chinese panda coins. So I click to look at them and they are attractive. But they are stamped that they only weigh 30 grams or 0.9646 ounces. All previous years (and the standard for most sovereign mints) is 1 ounce. Anyone know why the sudden change in weight for China? Are they running out of silver? Price is currently over $20 too. Thoughts? Info?
Keep stacking, even if it's 30 grams at a time.
Re: New Chinese Silver Panda 2016
Posted:
Sat Nov 21, 2015 11:19 amby silverstacker
silverflake wrote:So i was just over at Provident Metals this AM an I see they are pre-selling the 2016 Chinese panda coins. So I click to look at them and they are attractive. But they are stamped that they only weigh 30 grams or 0.9646 ounces. All previous years (and the standard for most sovereign mints) is 1 ounce. Anyone know why the sudden change in weight for China? Are they running out of silver? Price is currently over $20 too. Thoughts? Info?
Keep stacking, even if it's 30 grams at a time.
Is it sterling ? which makes 1 oz. Don't know why they would do that. Too bad
Re: New Chinese Silver Panda 2016
Posted:
Sat Nov 21, 2015 12:54 pmby blackrabbit
They are changing all their bullion coins to a gram standard. No more troy ounces. Same metal .999 silver.
Re: New Chinese Silver Panda 2016
Posted:
Mon Nov 30, 2015 8:03 pmby 300Braveheart
They are also replacing the sheets of 30 with sheets of 15. Wonder why.