How much is a Gold Panda worth?
$4,255.73
melt value of 0.96452 troy oz fine gold
Spot $4,412.28 / troy oz | swissquote | 17:39 UTC
Specification
| Gross weight | 30 g |
|---|---|
| Fineness | 999.0 (99.90%) |
| Fine gold content | 29.97 g |
| Fine gold, troy oz | 0.96452 |
| Diameter | 32 mm |
| Mint | China Gold Coin Corporation |
| Country | China |
| Face value | CNY 500 |
| First issued | 1982 |
About this coin
The one major bullion coin that is NOT an ounce. China switched the Panda to metric sizes in 2016, so the modern coin is 30 grams - about 0.9645 troy ounces, roughly 3.5% less gold than a one-ounce coin. Pricing one as an ounce is a costly mistake. The design also changes every year, which gives it a collector premium the others do not have.
How this size compares
| Fine gold | 30 g |
|---|---|
| In troy ounces | 0.96452 ozt |
| In pennyweights | 19.29 dwt |
| Equal to | 4.1 gold sovereigns |
| Bars per kilo | 33.33 of these make one kilo of gold |
Questions people ask
- How much is a Gold Panda worth today?
- Its gold content is worth $4,255.73 at the current spot price of $4,412.28 per troy ounce. That is the melt value - it contains 0.96452 troy ounces of fine gold. A dealer will pay under this figure when buying and charge over it when selling.
- How much does a Gold Panda weigh?
- 30 grams gross at 999.0 fineness, which is 29.97 grams of actual gold. The gross weight is what your scale reads; the fine weight is what it is worth.
- Who makes the Gold Panda and is it legal tender?
- It is struck by the China Gold Coin Corporation in China, first issued in 1982. It carries a face value of CNY 500, which is symbolic - the gold in it is worth many times that.
- What premium should I expect to pay over melt on a Gold Panda?
- Dealers quote a premium over the melt value to cover minting, distribution and margin. It is generally lowest on large bars and highest on small fractional coins, and it widens when demand spikes. Compare the total price against the melt figure above rather than comparing dealers on premium alone.
- How current is this valuation?
- It is calculated live from the spot price, currently $4,412.28 per troy ounce from swissquote, read at 17:39 UTC. Nothing on this page is a cached daily figure.